Acorah Software Products - Accounts Production 19.3.600 false true true false 23 August 2024 31 August 2025 31 August 2025 15915363 Mr Matthew Comins Mr Jon Milner true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15915363 2024-08-22 15915363 2025-08-31 15915363 2024-08-23 2025-08-31 15915363 frs-core:CurrentFinancialInstruments 2025-08-31 15915363 frs-core:ShareCapital 2025-08-31 15915363 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 15915363 frs-bus:PrivateLimitedCompanyLtd 2024-08-23 2025-08-31 15915363 frs-bus:FilletedAccounts 2024-08-23 2025-08-31 15915363 frs-bus:SmallEntities 2024-08-23 2025-08-31 15915363 frs-bus:AuditExempt-NoAccountantsReport 2024-08-23 2025-08-31 15915363 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-23 2025-08-31 15915363 1 2024-08-23 2025-08-31 15915363 frs-bus:Director1 2024-08-23 2025-08-31 15915363 frs-bus:Director2 2024-08-23 2025-08-31 15915363 frs-countries:EnglandWales 2024-08-23 2025-08-31
Registered number: 15915363
Global Micro Solutions UK Limited
Unaudited Financial Statements
For the Period 23 August 2024 to 31 August 2025
Grid Accounting Ltd
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 15915363
31 August 2025
Notes £ £
CURRENT ASSETS
Debtors 4 2,473
Cash at bank and in hand 344
2,817
Creditors: Amounts Falling Due Within One Year 5 (16,322 )
NET CURRENT ASSETS (LIABILITIES) (13,505 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,505 )
NET LIABILITIES (13,505 )
CAPITAL AND RESERVES
Called up share capital 6 100
Income Statement (13,605 )
SHAREHOLDERS' FUNDS (13,505)
For the period ending 31 August 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 Income Statement.
On behalf of the board
Mr Matthew Comins
Director
21/08/2026
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Global Micro Solutions UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15915363 . The registered office is 77 The Harley Building, New Cavendish Street, London, W1W 6XB.
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. Going Concern Disclosure
The Director is of the opinion that the company is a going concern and will provide the financial support required to sustain the Company's operations.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.5. 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 period, 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.
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Page 3
2.6. Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.7. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the
effective interest method.
3. Average Number of Employees
Average number of employees, during the period was: NIL
-
4. Debtors
31 August 2025
£
Due within one year
Trade debtors 260
Other debtors 2,213
2,473
5. Creditors: Amounts Falling Due Within One Year
31 August 2025
£
Trade creditors 1,137
Amounts owed to group undertakings 15,185
16,322
6. Share Capital
31 August 2025
£
Allotted, Called up and fully paid 100
7. Related Party Transactions
At the year-end date the Company had a balance payable of £15,185 to its parent company Global Micro Solutions (Pty) Ltd.
Balances with related parties are unsecured, interest-free and have no fixed terms of repayment.
8. Ultimate Controlling Party
Global Micro Solutions UK Ltd is a subsidiary of Global Micro Solutions (Pty) Ltd, a company registered in South Africa with its registered office at 5th Floor Global House, 28 Sturdee Avenue, Rosebank, Gauteng, 2196, which is the company’s ultimate controlling party by virtue of its ownership of 100% of the issued share capital of Global Micro Solutions UK Ltd.
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