Acorah Software Products - Accounts Production 16.6.950 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04358747 Mr S Pugh V Howells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04358747 2024-03-31 04358747 2025-03-31 04358747 2024-04-01 2025-03-31 04358747 frs-core:CurrentFinancialInstruments 2025-03-31 04358747 frs-core:Non-currentFinancialInstruments 2025-03-31 04358747 frs-core:MotorVehicles 2025-03-31 04358747 frs-core:MotorVehicles 2024-04-01 2025-03-31 04358747 frs-core:MotorVehicles 2024-03-31 04358747 frs-core:PlantMachinery 2025-03-31 04358747 frs-core:PlantMachinery 2024-04-01 2025-03-31 04358747 frs-core:PlantMachinery 2024-03-31 04358747 frs-core:ShareCapital 2025-03-31 04358747 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04358747 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04358747 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04358747 frs-bus:SmallEntities 2024-04-01 2025-03-31 04358747 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04358747 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04358747 frs-bus:Director1 2024-04-01 2025-03-31 04358747 frs-bus:Director1 2024-03-31 04358747 frs-bus:Director1 2025-03-31 04358747 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04358747 frs-countries:EnglandWales 2024-04-01 2025-03-31 04358747 2023-03-31 04358747 2024-03-31 04358747 2023-04-01 2024-03-31 04358747 frs-core:CurrentFinancialInstruments 2024-03-31 04358747 frs-core:Non-currentFinancialInstruments 2024-03-31 04358747 frs-core:ShareCapital 2024-03-31 04358747 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04358747
Gripstep Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04358747
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,705 32,014
26,705 32,014
CURRENT ASSETS
Debtors 5 6,255 4,818
Cash at bank and in hand 30,373 -
36,628 4,818
Creditors: Amounts Falling Due Within One Year 6 (24,904 ) (22,791 )
NET CURRENT ASSETS (LIABILITIES) 11,724 (17,973 )
TOTAL ASSETS LESS CURRENT LIABILITIES 38,429 14,041
Creditors: Amounts Falling Due After More Than One Year 7 - (1,718 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,677 ) (8,004 )
NET ASSETS 31,752 4,319
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 31,742 4,309
SHAREHOLDERS' FUNDS 31,752 4,319
Page 1
Page 2
For the year ending 31 March 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 his 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 S Pugh
Director
24/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gripstep Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04358747 . The registered office is 17 Fairlawn Avenue, Patchway, Bristol, BS34 4AB .
The presentation currency of the financial statements is the Pound Sterling (£).
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.
The presentation currency of the financial statements is the Pound Seerling (£)
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Short term debtors are measured at transaction price less any impairment.
Short term creditors are measured at transaction price.
Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 65,443 22,888 88,331
As at 31 March 2025 65,443 22,888 88,331
Depreciation
As at 1 April 2024 37,417 18,900 56,317
Provided during the period 4,312 997 5,309
As at 31 March 2025 41,729 19,897 61,626
Net Book Value
As at 31 March 2025 23,714 2,991 26,705
As at 1 April 2024 28,026 3,988 32,014
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,328 -
Prepayments and accrued income 927 1,074
VAT - 826
Director's loan account - 2,918
6,255 4,818
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 2,701 15,541
Corporation tax 8,753 5,200
VAT 9,201 -
Accruals and deferred income 1,911 2,050
Director's loan account 2,338 -
24,904 22,791
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 1,718
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Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Stephen Pugh 2,918 35,024 (40,280 ) - (2,338 )
The above loan is unsecured, interest free and repayable on demand.
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