Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 10407611 A Singer G McCusker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10407611 2022-10-31 10407611 2023-10-31 10407611 2022-11-01 2023-10-31 10407611 frs-core:CurrentFinancialInstruments 2023-10-31 10407611 frs-core:Non-currentFinancialInstruments 2023-10-31 10407611 frs-core:ComputerEquipment 2023-10-31 10407611 frs-core:ComputerEquipment 2022-11-01 2023-10-31 10407611 frs-core:ComputerEquipment 2022-10-31 10407611 frs-core:PlantMachinery 2023-10-31 10407611 frs-core:PlantMachinery 2022-11-01 2023-10-31 10407611 frs-core:PlantMachinery 2022-10-31 10407611 frs-core:ShareCapital 2023-10-31 10407611 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10407611 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10407611 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10407611 frs-bus:SmallEntities 2022-11-01 2023-10-31 10407611 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10407611 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10407611 frs-bus:Director1 2022-11-01 2023-10-31 10407611 frs-bus:Director2 2022-11-01 2023-10-31 10407611 frs-countries:EnglandWales 2022-11-01 2023-10-31 10407611 2021-10-31 10407611 2022-10-31 10407611 2021-11-01 2022-10-31 10407611 frs-core:CurrentFinancialInstruments 2022-10-31 10407611 frs-core:Non-currentFinancialInstruments 2022-10-31 10407611 frs-core:ShareCapital 2022-10-31 10407611 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 10407611
PRIVATE CLIENT SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2023
Brooks & Partners Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10407611
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,163 2,409
1,163 2,409
CURRENT ASSETS
Debtors 5 288,293 162,780
Cash at bank and in hand 3,966 33,849
292,259 196,629
Creditors: Amounts Falling Due Within One Year 6 (275,938 ) (184,380 )
NET CURRENT ASSETS (LIABILITIES) 16,321 12,249
TOTAL ASSETS LESS CURRENT LIABILITIES 17,484 14,658
Creditors: Amounts Falling Due After More Than One Year 7 (10,773 ) (17,573 )
NET ASSETS/(LIABILITIES) 6,711 (2,915 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 6,611 (3,015 )
SHAREHOLDERS' FUNDS 6,711 (2,915)
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Page 2
For the year ending 31 October 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 Income Statement.
On behalf of the board
A Singer
Director
24 May 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
PRIVATE CLIENT SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10407611 . The registered office is 12 Ash Close, Kings Cliffe, Peterborough, PE8 6YX.
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 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 been invoiced for the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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 33.3% straight line
Computer Equipment 33.3% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 6)
7 6
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 995 3,254 4,249
Additions 125 - 125
As at 31 October 2023 1,120 3,254 4,374
Depreciation
As at 1 November 2022 398 1,442 1,840
Provided during the period 367 1,004 1,371
As at 31 October 2023 765 2,446 3,211
Net Book Value
As at 31 October 2023 355 808 1,163
As at 1 November 2022 597 1,812 2,409
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 259,392 155,752
Prepayments and accrued income - 7,028
Amounts owed by other participating interests 28,901 -
288,293 162,780
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 153,708 93,641
Bank loans and overdrafts 6,800 6,800
Other loans 25,392 -
Corporation tax 190 190
Other taxes and social security 8,923 3,661
VAT 62,529 39,965
Net wages - 10,589
Other creditors 958 715
Accruals and deferred income 17,438 15,040
Amounts owed to other participating interests - 13,779
275,938 184,380
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 10,773 17,573
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £886 (2022: £715) were due to the fund. They are included in Other Creditors.
10. Related Party Transactions
At the year end the company was owed £28,901 (2022: (£13,779)) from a company under common control.
This loan is unsecured, interest free and repayable on demand.
During the year the company was charged £71,000 (2022: £52,000) for management services from a company
under common control.
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