Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 October 2022 false 1 April 2023 31 March 2024 31 March 2024 10394008 Mr Salman Naseer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10394008 2023-03-31 10394008 2024-03-31 10394008 2023-04-01 2024-03-31 10394008 frs-core:CurrentFinancialInstruments 2024-03-31 10394008 frs-core:Non-currentFinancialInstruments 2024-03-31 10394008 frs-core:ShareCapital 2024-03-31 10394008 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10394008 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10394008 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10394008 frs-bus:SmallEntities 2023-04-01 2024-03-31 10394008 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10394008 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10394008 frs-bus:Director1 2023-04-01 2024-03-31 10394008 frs-countries:EnglandWales 2023-04-01 2024-03-31 10394008 2022-09-30 10394008 2023-03-31 10394008 2022-10-01 2023-03-31 10394008 frs-core:CurrentFinancialInstruments 2023-03-31 10394008 frs-core:Non-currentFinancialInstruments 2023-03-31 10394008 frs-core:ShareCapital 2023-03-31 10394008 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10394008
Psel Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
476 St. Albans Road
Watford
WD24 6QU
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10394008
31 March 2024 31 March 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 37,575 40,875
Cash at bank and in hand 533 1,252
38,108 42,127
Creditors: Amounts Falling Due Within One Year 5 (44,105 ) (576 )
NET CURRENT ASSETS (LIABILITIES) (5,997 ) 41,551
TOTAL ASSETS LESS CURRENT LIABILITIES (5,997 ) 41,551
Creditors: Amounts Falling Due After More Than One Year 6 - (48,503 )
NET LIABILITIES (5,997 ) (6,952 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (5,998 ) (6,953 )
SHAREHOLDERS' FUNDS (5,997) (6,952)
For the year ending 31 March 2024 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 Salman Naseer
Director
06/04/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Psel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10394008 . The registered office is 88 Queens Road, Watford, WD17 2LA.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 37,575 -
Other debtors - 40,875
37,575 40,875
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 44,105 -
Accruals and deferred income - 575
44,105 576
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Other loans - 48,503
- 48,503
Page 2
Page 3
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3