Acorah Software Products - Accounts Production 16.6.950 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 01008292 Mr D J Allen Mr P J Allen Mrs V J Allen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01008292 2024-02-28 01008292 2025-02-28 01008292 2024-02-29 2025-02-28 01008292 frs-core:CurrentFinancialInstruments 2025-02-28 01008292 frs-core:FurnitureFittings 2025-02-28 01008292 frs-core:FurnitureFittings 2024-02-29 2025-02-28 01008292 frs-core:FurnitureFittings 2024-02-28 01008292 frs-core:ShareCapital 2025-02-28 01008292 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 01008292 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 01008292 frs-bus:AbridgedAccounts 2024-02-29 2025-02-28 01008292 frs-bus:SmallEntities 2024-02-29 2025-02-28 01008292 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 01008292 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 01008292 frs-bus:Director1 2024-02-29 2025-02-28 01008292 frs-bus:Director2 2024-02-29 2025-02-28 01008292 frs-bus:Director3 2024-02-29 2025-02-28 01008292 frs-countries:EnglandWales 2024-02-29 2025-02-28 01008292 2023-02-28 01008292 2024-02-28 01008292 2023-03-01 2024-02-28 01008292 frs-core:CurrentFinancialInstruments 2024-02-28 01008292 frs-core:ShareCapital 2024-02-28 01008292 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 01008292
Gerald Boughton Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Boughton Consultancy Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Company Information
Directors Mr D J Allen
Mr P J Allen
Mrs V J Allen
Company Number 01008292
Registered Office 10 Turnberry Drive
Fornham St Martin
Bury St Edmunds
Suffolk
IP28 6TP
Accountants Boughton Consultancy Ltd
13 Highbury Crescent
Bury St Edmunds
Suffolk
IP33 3RS
Page 1
Page 2
Balance Sheet
Registered number: 01008292
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,044 2,405
2,044 2,405
CURRENT ASSETS
Stocks 5 359,773 358,625
Debtors 6 4,492 1,171
Cash at bank and in hand 9,248 39,097
373,513 398,893
Creditors: Amounts Falling Due Within One Year 7 (84,352 ) (95,284 )
NET CURRENT ASSETS (LIABILITIES) 289,161 303,609
TOTAL ASSETS LESS CURRENT LIABILITIES 291,205 306,014
NET ASSETS 291,205 306,014
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 290,205 305,014
SHAREHOLDERS' FUNDS 291,205 306,014
Page 2
Page 3
For the year ending 28 February 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr P J Allen
Director
10/09/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Gerald Boughton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01008292 . The registered office is 10 Turnberry Drive, Fornham St Martin, Bury St Edmunds, Suffolk, IP28 6TP.
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:
Fixtures & Fittings 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
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.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2.6. 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.
Page 4
Page 5
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 7)
8 7
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 29 February 2024 74,152
As at 28 February 2025 74,152
Depreciation
As at 29 February 2024 71,747
Provided during the period 361
As at 28 February 2025 72,108
Net Book Value
As at 28 February 2025 2,044
As at 29 February 2024 2,405
5. Stocks
2025 2024
£ £
Stock 359,773 358,625
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 221 -
Other debtors 4,271 1,171
4,492 1,171
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 23,210 23,973
Bank loans and overdrafts 13,333 23,333
Other creditors 26,264 17,726
Taxation and social security 21,545 30,252
84,352 95,284
Page 5
Page 6
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
PJ and Mrs VJ Allen are directors of and shareholders in the company and also Trustees of the Gerald Boughton Limited Pension Trust.
The rent paid to PJ and Mrs VJ Allen in the year was £21,869 and the rent paid to The Gerald Boughton Pension Trust in thed year was £15,000
Page 6