Acorah Software Products - Accounts Production 14.5.501 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 04854028 Mr John Pitt Mrs Jayne Pitt Mr John Pitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04854028 2022-09-30 04854028 2023-09-30 04854028 2022-10-01 2023-09-30 04854028 frs-core:CurrentFinancialInstruments 2023-09-30 04854028 frs-core:Non-currentFinancialInstruments 2023-09-30 04854028 frs-core:ComputerEquipment 2023-09-30 04854028 frs-core:ComputerEquipment 2022-10-01 2023-09-30 04854028 frs-core:ComputerEquipment 2022-09-30 04854028 frs-core:FurnitureFittings 2023-09-30 04854028 frs-core:FurnitureFittings 2022-10-01 2023-09-30 04854028 frs-core:FurnitureFittings 2022-09-30 04854028 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04854028 frs-core:RevaluationReserve 2022-09-30 04854028 frs-core:RevaluationReserve 2023-09-30 04854028 frs-core:ShareCapital 2023-09-30 04854028 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 04854028 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04854028 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 04854028 frs-bus:SmallEntities 2022-10-01 2023-09-30 04854028 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 04854028 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 04854028 frs-bus:Director1 2022-10-01 2023-09-30 04854028 frs-bus:Director2 2022-10-01 2023-09-30 04854028 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 04854028 frs-countries:EnglandWales 2022-10-01 2023-09-30 04854028 2021-09-30 04854028 2022-09-30 04854028 2021-10-01 2022-09-30 04854028 frs-core:CurrentFinancialInstruments 2022-09-30 04854028 frs-core:Non-currentFinancialInstruments 2022-09-30 04854028 frs-core:RevaluationReserve 2022-09-30 04854028 frs-core:ShareCapital 2022-09-30 04854028 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 04854028
P5 Computing Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
SAS Accountancy (SW) Ltd
Dukes Cottage
The Reddings
Compton Martin
Bristol
BS40 6AS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04854028
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 830 976
Investment Properties 5 545,000 545,000
545,830 545,976
CURRENT ASSETS
Debtors 6 337 56
Cash at bank and in hand 2,953 1,761
3,290 1,817
Creditors: Amounts Falling Due Within One Year 7 (249,711 ) (262,035 )
NET CURRENT ASSETS (LIABILITIES) (246,421 ) (260,218 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,409 285,758
Creditors: Amounts Falling Due After More Than One Year 8 (64,000 ) (64,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,321 ) (44,348 )
NET ASSETS 191,088 177,410
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 188,274 188,274
Profit and Loss Account 1,814 (11,864 )
SHAREHOLDERS' FUNDS 191,088 177,410
Page 1
Page 2
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 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.
On behalf of the board
Mr John Pitt
Director
Mrs Jayne Pitt
Director
26/03/2024
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
P5 Computing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04854028 . The registered office is Dukes Cottage, The Reddings, Compton Martin, Bristol, BS40 6AS.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 0%
Fixtures & Fittings 15% on reducing basis
Computer Equipment 33.33% on cost
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
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Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2022 4,951 578 5,529
As at 30 September 2023 4,951 578 5,529
Depreciation
As at 1 October 2022 3,975 578 4,553
Provided during the period 146 - 146
As at 30 September 2023 4,121 578 4,699
Net Book Value
As at 30 September 2023 830 - 830
As at 1 October 2022 976 - 976
5. Investment Property
2023
£
Fair Value
As at 1 October 2022 and 30 September 2023 545,000
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 337 56
337 56
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 4,298 1,040
Other creditors 24,850 62,000
Accruals and deferred income 20 -
Directors' loan accounts 220,543 198,995
249,711 262,035
Other creditors of £62,000 - (£84,500 - 30 September 2021) is represented by a loan from Fouracre Consulting Limited, of which Mr J Pitt is a director and shareholder of.
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 64,000 64,000
64,000 64,000
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Reserves
Revaluation Reserve
£
As at 1 October 2022 188,274
As at 30 September 2023 188,274
Page 5