Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 10964599 Mr ARHIN ABOAGYE iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10964599 2022-09-30 10964599 2023-09-30 10964599 2022-10-01 2023-09-30 10964599 frs-core:CurrentFinancialInstruments 2023-09-30 10964599 frs-core:Non-currentFinancialInstruments 2023-09-30 10964599 frs-core:BetweenOneFiveYears 2023-09-30 10964599 frs-core:ComputerEquipment 2023-09-30 10964599 frs-core:ComputerEquipment 2022-10-01 2023-09-30 10964599 frs-core:ComputerEquipment 2022-09-30 10964599 frs-core:MotorVehicles 2023-09-30 10964599 frs-core:MotorVehicles 2022-10-01 2023-09-30 10964599 frs-core:MotorVehicles 2022-09-30 10964599 frs-core:ShareCapital 2023-09-30 10964599 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10964599 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10964599 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 10964599 frs-bus:SmallEntities 2022-10-01 2023-09-30 10964599 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10964599 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10964599 frs-bus:Director1 2022-10-01 2023-09-30 10964599 frs-countries:EnglandWales 2022-10-01 2023-09-30 10964599 2021-09-30 10964599 2022-09-30 10964599 2021-10-01 2022-09-30 10964599 frs-core:CurrentFinancialInstruments 2022-09-30 10964599 frs-core:Non-currentFinancialInstruments 2022-09-30 10964599 frs-core:BetweenOneFiveYears 2022-09-30 10964599 frs-core:ShareCapital 2022-09-30 10964599 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 10964599
PERSONAL TOUCH LOGISTICS LTD
Unaudited Financial Statements
For The Year Ended 30 September 2023
CLASSIC ACCOUNTANCY SERVICES (UK) LTD
33A CROOK LOG
BEXLEYHEATH
KENT
DA6 8EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10964599
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,609 27,478
20,609 27,478
CURRENT ASSETS
Cash at bank and in hand 38,562 33,223
38,562 33,223
Creditors: Amounts Falling Due Within One Year 5 (29,322 ) (15,133 )
NET CURRENT ASSETS (LIABILITIES) 9,240 18,090
TOTAL ASSETS LESS CURRENT LIABILITIES 29,849 45,568
Creditors: Amounts Falling Due After More Than One Year 6 (41,503 ) (47,233 )
NET LIABILITIES (11,654 ) (1,665 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (11,655 ) (1,666 )
SHAREHOLDERS' FUNDS (11,654) (1,665)
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For the year ending 30 September 2023 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 ARHIN ABOAGYE
Director
02/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PERSONAL TOUCH LOGISTICS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10964599 . The registered office is 27 Lympne House, Gloucester Road, London, N17 6LU.
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:
Motor Vehicles 25%
Computer Equipment 25%
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 profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 October 2022 47,724 1,500 49,224
As at 30 September 2023 47,724 1,500 49,224
Depreciation
As at 1 October 2022 20,879 867 21,746
Provided during the period 6,711 158 6,869
As at 30 September 2023 27,590 1,025 28,615
Net Book Value
As at 30 September 2023 20,134 475 20,609
As at 1 October 2022 26,845 633 27,478
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts - 5,451
Director's loan account 29,322 9,682
29,322 15,133
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 14,257 14,527
Bank loans 27,246 32,706
41,503 47,233
7. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 14,257 14,527
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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