Acorah Software Products - Accounts Production 19.4.300 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 02621069 Ms Abigail Grey Ms Mollie Grey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02621069 2024-12-31 02621069 2025-12-31 02621069 2025-01-01 2025-12-31 02621069 frs-core:CurrentFinancialInstruments 2025-12-31 02621069 frs-core:Non-currentFinancialInstruments 2025-12-31 02621069 frs-core:NetGoodwill 2025-12-31 02621069 frs-core:NetGoodwill 2025-01-01 2025-12-31 02621069 frs-core:NetGoodwill 2024-12-31 02621069 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 02621069 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 02621069 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 02621069 frs-core:PlantMachinery 2025-12-31 02621069 frs-core:PlantMachinery 2025-01-01 2025-12-31 02621069 frs-core:PlantMachinery 2024-12-31 02621069 frs-core:ShareCapital 2025-12-31 02621069 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 02621069 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02621069 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 02621069 frs-bus:SmallEntities 2025-01-01 2025-12-31 02621069 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 02621069 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02621069 frs-bus:Director1 2025-01-01 2025-12-31 02621069 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 02621069 frs-countries:EnglandWales 2025-01-01 2025-12-31 02621069 2023-12-31 02621069 2024-12-31 02621069 2024-01-01 2024-12-31 02621069 frs-core:CurrentFinancialInstruments 2024-12-31 02621069 frs-core:Non-currentFinancialInstruments 2024-12-31 02621069 frs-core:ShareCapital 2024-12-31 02621069 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 02621069
Grey & Company (Wembley) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02621069
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,144 8,727
Tangible Assets 5 23,402 31,604
27,546 40,331
CURRENT ASSETS
Debtors 6 228,180 225,565
Cash at bank and in hand 73,019 42,821
301,199 268,386
Creditors: Amounts Falling Due Within One Year 7 (85,189 ) (73,690 )
NET CURRENT ASSETS (LIABILITIES) 216,010 194,696
TOTAL ASSETS LESS CURRENT LIABILITIES 243,556 235,027
NET ASSETS 243,556 235,027
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 243,552 235,023
SHAREHOLDERS' FUNDS 243,556 235,027
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Abigail Grey
Director
11/08/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Grey & Company (Wembley) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02621069 . The registered office is 604 High Road, Wembley, Middx, HA0 2AF.
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 rendering of services. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Leasehold straight line over the lease term
Plant & Machinery 25% straight line
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 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: 11 (2024: 11)
11 11
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 22,914
As at 31 December 2025 22,914
Amortisation
As at 1 January 2025 14,187
Provided during the period 4,583
As at 31 December 2025 18,770
Net Book Value
As at 31 December 2025 4,144
As at 1 January 2025 8,727
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2025 41,357 53,689 95,046
Additions - 1,300 1,300
As at 31 December 2025 41,357 54,989 96,346
Depreciation
As at 1 January 2025 14,961 48,481 63,442
Provided during the period 6,157 3,345 9,502
As at 31 December 2025 21,118 51,826 72,944
Net Book Value
As at 31 December 2025 20,239 3,163 23,402
As at 1 January 2025 26,396 5,208 31,604
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,093 17,388
Prepayments and accrued income 24,323 23,133
Other debtors 12,162 17,167
39,578 57,688
Due after more than one year
Other debtors 188,602 167,877
228,180 225,565
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,618 23,402
Corporation tax 10,901 9,359
Other taxes and social security 9,410 8,345
VAT 34,235 23,969
Net wages 86 -
Other creditors - 1,194
Accruals and deferred income 10,866 7,421
Director's loan account 5,073 -
85,189 73,690
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
9. Related Party Transactions
An interest free, unsecured loan of £188,602 was due from Freepy Ltd at the year end (2025: £167,877). Director Abigail Grey holds a significant interest in Freepy Ltd.
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