Acorah Software Products - Accounts Production 19.2.450 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 10500785 Mr Andrew Granite Mr David Baldwin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10500785 2024-11-30 10500785 2025-11-30 10500785 2024-12-01 2025-11-30 10500785 frs-core:CurrentFinancialInstruments 2025-11-30 10500785 frs-core:Non-currentFinancialInstruments 2025-11-30 10500785 frs-core:ComputerEquipment 2025-11-30 10500785 frs-core:ComputerEquipment 2024-12-01 2025-11-30 10500785 frs-core:ComputerEquipment 2024-11-30 10500785 frs-core:FurnitureFittings 2025-11-30 10500785 frs-core:FurnitureFittings 2024-12-01 2025-11-30 10500785 frs-core:FurnitureFittings 2024-11-30 10500785 frs-core:MotorVehicles 2025-11-30 10500785 frs-core:MotorVehicles 2024-12-01 2025-11-30 10500785 frs-core:MotorVehicles 2024-11-30 10500785 frs-core:PlantMachinery 2025-11-30 10500785 frs-core:PlantMachinery 2024-12-01 2025-11-30 10500785 frs-core:PlantMachinery 2024-11-30 10500785 frs-core:WithinOneYear 2025-11-30 10500785 frs-core:ShareCapital 2025-11-30 10500785 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 10500785 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 10500785 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 10500785 frs-bus:SmallEntities 2024-12-01 2025-11-30 10500785 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 10500785 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 10500785 frs-bus:Director1 2024-12-01 2025-11-30 10500785 frs-bus:Director2 2024-12-01 2025-11-30 10500785 frs-countries:EnglandWales 2024-12-01 2025-11-30 10500785 2023-11-30 10500785 2024-11-30 10500785 2023-12-01 2024-11-30 10500785 frs-core:CurrentFinancialInstruments 2024-11-30 10500785 frs-core:Non-currentFinancialInstruments 2024-11-30 10500785 frs-core:BetweenOneFiveYears 2024-11-30 10500785 frs-core:WithinOneYear 2024-11-30 10500785 frs-core:ShareCapital 2024-11-30 10500785 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: 10500785
GB Power Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
Taxave Limited
59 Gales Drive
Crawley
RH10 1QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10500785
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 144,444 145,862
144,444 145,862
CURRENT ASSETS
Stocks 5 15,000 15,000
Debtors 6 326,727 416,796
Investments 7 52,000 -
Cash at bank and in hand 641,455 126,497
1,035,182 558,293
Creditors: Amounts Falling Due Within One Year 8 (794,871 ) (368,289 )
NET CURRENT ASSETS (LIABILITIES) 240,311 190,004
TOTAL ASSETS LESS CURRENT LIABILITIES 384,755 335,866
Creditors: Amounts Falling Due After More Than One Year 9 - (1,651 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,322 ) (13,753 )
NET ASSETS 370,433 320,462
CAPITAL AND RESERVES
Called up share capital 11 202 202
Profit and Loss Account 370,231 320,260
SHAREHOLDERS' FUNDS 370,433 320,462
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For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Baldwin
Director
19th June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GB Power Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10500785 . The registered office is 71-75 Shelton Street Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Office Equipment 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 December 2024 119,114 211,197 31,892 27,417 389,620
Additions 4,103 39,995 - 5,033 49,131
Disposals (3,392 ) - (458 ) (6,432 ) (10,282 )
As at 30 November 2025 119,825 251,192 31,434 26,018 428,469
Depreciation
As at 1 December 2024 81,098 120,753 24,324 17,583 243,758
Provided during the period 10,433 32,610 1,865 3,241 48,149
Disposals (3,004 ) - (349 ) (4,529 ) (7,882 )
As at 30 November 2025 88,527 153,363 25,840 16,295 284,025
Net Book Value
As at 30 November 2025 31,298 97,829 5,594 9,723 144,444
As at 1 December 2024 38,016 90,444 7,568 9,834 145,862
5. Stocks
2025 2024
£ £
Stock 15,000 15,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 246,743 370,900
Prepayments and accrued income 7,250 4,060
Other debtors 64,713 41,836
Amounts owed by associates 8,021 -
326,727 416,796
7. Current Asset Investments
2025 2024
£ £
Other investments, held for sale 52,000 -
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,092 32,542
Trade creditors 640,951 212,593
Corporation tax 76,316 49,395
Other taxes and social security 16,352 7,272
VAT 8,263 44,095
Net wages 36,359 1,851
Other creditors 7,450 16,268
Accruals and deferred income 795 750
Directors' loan accounts 5,293 1,732
Amounts owed to associates - 1,791
794,871 368,289
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 1,651
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,092 32,542
Later than one year and not later than five years - 1,651
3,092 34,193
3,092 34,193
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 202 202
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