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Registered number: 04308178
P M J Accountants Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04308178
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 88,503 88,469
88,503 88,469
CURRENT ASSETS
Debtors 5 142,309 89,475
Cash at bank and in hand 144,390 251,079
286,699 340,554
Creditors: Amounts Falling Due Within One Year 6 (77,146 ) (84,738 )
NET CURRENT ASSETS (LIABILITIES) 209,553 255,816
TOTAL ASSETS LESS CURRENT LIABILITIES 298,056 344,285
Creditors: Amounts Falling Due After More Than One Year 7 (91,216 ) (34,253 )
NET ASSETS 206,840 310,032
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 206,740 309,932
SHAREHOLDERS' FUNDS 206,840 310,032
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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 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 Income Statement.
The financial statements were approved by the board of directors on 1 April 2024 and were signed on its behalf by:
Mr P Jackson
Director
Mr J Skinner
Director
Mr L White
Director
1 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P M J Accountants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04308178 . The registered office is 2nd Floor, Finance House 20/21 Aviation Way, Southend On Sea, Essex, SS2 6UN.
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.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
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 income statement 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 income statement as incurred.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 110,477
Additions 17,728
As at 31 March 2024 128,205
Depreciation
As at 1 April 2023 22,008
Provided during the period 17,694
As at 31 March 2024 39,702
Net Book Value
As at 31 March 2024 88,503
As at 1 April 2023 88,469
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,822 18,140
Other debtors 136,487 71,335
142,309 89,475
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,393 -
Bank loans and overdrafts 6,403 6,588
Other loans 28,174 -
Other creditors 1,595 2,342
Taxation and social security 39,581 75,808
77,146 84,738
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,782 34,253
Other loans 62,434 -
91,216 34,253
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Paul Jackson 4,841 7,611 4,841 - 7,611
Mr Joe Skinner 9,447 9,584 9,447 - 9,584
Mr Lewis White 9,672 23,892 9,672 - 23,892
The above loans are unsecured, interest free and repayable on demand.
10. Related Party Transactions
During the year, the company made a loan of £90,000 to Skinner & White Estates Limited. a company related by key management personnel. 
This amount is interest free and repayable on demand.
11. Controlling Party
The company is controled by its Directors' by virtue of their respective ownership of the issued share capital in the company.
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