Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08335666 J Gumbrell C Bickerton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08335666 2022-12-31 08335666 2023-12-31 08335666 2023-01-01 2023-12-31 08335666 frs-core:CurrentFinancialInstruments 2023-12-31 08335666 frs-core:Non-currentFinancialInstruments 2023-12-31 08335666 frs-core:PlantMachinery 2023-12-31 08335666 frs-core:PlantMachinery 2023-01-01 2023-12-31 08335666 frs-core:PlantMachinery 2022-12-31 08335666 frs-core:SharePremium 2023-12-31 08335666 frs-core:ShareCapital 2023-12-31 08335666 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08335666 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08335666 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08335666 frs-bus:SmallEntities 2023-01-01 2023-12-31 08335666 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08335666 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08335666 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 08335666 frs-bus:OrdinaryShareClass2 2023-12-31 08335666 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 08335666 frs-bus:OrdinaryShareClass3 2023-12-31 08335666 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 08335666 frs-bus:OrdinaryShareClass4 2023-12-31 08335666 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31 08335666 frs-bus:OrdinaryShareClass5 2023-12-31 08335666 1 2023-01-01 2023-12-31 08335666 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08335666 frs-core:UnlistedNon-exchangeTraded 2022-12-31 08335666 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 08335666 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08335666 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 08335666 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08335666 frs-bus:Director1 2023-01-01 2023-12-31 08335666 frs-bus:Director2 2023-01-01 2023-12-31 08335666 frs-countries:EnglandWales 2023-01-01 2023-12-31 08335666 2021-12-31 08335666 2022-12-31 08335666 2022-01-01 2022-12-31 08335666 frs-core:CurrentFinancialInstruments 2022-12-31 08335666 frs-core:Non-currentFinancialInstruments 2022-12-31 08335666 frs-core:SharePremium 2022-12-31 08335666 frs-core:ShareCapital 2022-12-31 08335666 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08335666 frs-bus:OrdinaryShareClass2 2022-01-01 2022-12-31 08335666 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31 08335666 frs-bus:OrdinaryShareClass4 2022-01-01 2022-12-31 08335666 frs-bus:OrdinaryShareClass5 2022-01-01 2022-12-31
Registered number: 08335666
Platform 1 Software Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08335666
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,128 1,785
Investments 4 27,601 27,601
28,729 29,386
CURRENT ASSETS
Debtors 5 359,727 345,080
Cash at bank and in hand 102,802 41,591
462,529 386,671
Creditors: Amounts Falling Due Within One Year 6 (626,129 ) (537,434 )
NET CURRENT ASSETS (LIABILITIES) (163,600 ) (150,763 )
TOTAL ASSETS LESS CURRENT LIABILITIES (134,871 ) (121,377 )
Creditors: Amounts Falling Due After More Than One Year 7 (746,299 ) (713,248 )
NET LIABILITIES (881,170 ) (834,625 )
CAPITAL AND RESERVES
Called up share capital 8 136,788 136,788
Share premium account 675,102 675,102
Profit and Loss Account (1,693,060 ) (1,646,515 )
SHAREHOLDERS' FUNDS (881,170) (834,625)
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For the year ending 31 December 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
C Bickerton
Director
19/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Platform 1 Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08335666 . The registered office is Unit 2 Green Farm Business Park, Folly Road, Latteridge, Bristol, BS37 9TZ.

The company has taken advantage of the exemption from preparing consolidated financial statements contained in section 398 of the Companies Act 2006 on the basis that the company and its subsidary undertaking constitute a small group.
1.2. 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.
1.3. 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 33% straight line
1.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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1.5. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
3. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 9,015
As at 31 December 2023 9,015
Depreciation
As at 1 January 2023 7,230
Provided during the period 657
As at 31 December 2023 7,887
Net Book Value
As at 31 December 2023 1,128
As at 1 January 2023 1,785
4. Investments
Unlisted
£
Cost
As at 1 January 2023 27,601
As at 31 December 2023 27,601
Provision
As at 1 January 2023 -
As at 31 December 2023 -
...CONTINUED
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Net Book Value
As at 31 December 2023 27,601
As at 1 January 2023 27,601
The investment relates to Platform 1 Software Limited's 100% share ownership of Platform One (pvt) Ltd, a company registered and based in Sri Lanka of Level 5, Tisara Plaza, 135, Dutugemunu st. Kohuwala, B84, Colombo, Sri Lanka.
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 50,320 71,910
Other debtors 23,967 12,225
Corporation tax recoverable assets 70,015 212,973
Other taxes and social security - 2,972
Amounts owed by group undertakings 215,425 45,000
359,727 345,080
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 48,313 72,946
Other creditors 65,587 179,894
Accruals and deferred income 175,194 284,594
Amounts owed to group undertakings 337,035 -
626,129 537,434
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 746,299 713,248
746,299 713,248
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
10,893 Ordinary A shares of £ 1.000 each 10,893 10,893
3,760 Ordinary B shares of £ 15.000 each 56,400 56,400
4,366 Ordinary C shares of £ 15.000 each 65,490 65,490
267 Ordinary D shares of £ 15.000 each 4,005 4,005
136,788 136,788
9. Ultimate Controlling Party
The company is controlled by Platform 1 Holdings Ltd, by virtue of its majority shareholding.
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