Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05162503 Mr Lee Patterson Mrs Susan Patterson Mrs Susan Patterson false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05162503 2022-07-31 05162503 2023-07-31 05162503 2022-08-01 2023-07-31 05162503 frs-core:CurrentFinancialInstruments 2023-07-31 05162503 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2023-07-31 05162503 frs-core:NetGoodwill 2023-07-31 05162503 frs-core:NetGoodwill 2022-08-01 2023-07-31 05162503 frs-core:NetGoodwill 2022-07-31 05162503 frs-core:MotorVehicles 2023-07-31 05162503 frs-core:MotorVehicles 2022-08-01 2023-07-31 05162503 frs-core:MotorVehicles 2022-07-31 05162503 frs-core:PlantMachinery 2023-07-31 05162503 frs-core:PlantMachinery 2022-08-01 2023-07-31 05162503 frs-core:PlantMachinery 2022-07-31 05162503 frs-core:ShareCapital 2023-07-31 05162503 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05162503 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05162503 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05162503 frs-bus:SmallEntities 2022-08-01 2023-07-31 05162503 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05162503 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05162503 frs-bus:OrdinaryShareClass2 2022-08-01 2023-07-31 05162503 frs-bus:OrdinaryShareClass2 2023-07-31 05162503 frs-bus:OrdinaryShareClass3 2022-08-01 2023-07-31 05162503 frs-bus:OrdinaryShareClass3 2023-07-31 05162503 1 2022-08-01 2023-07-31 05162503 frs-core:DeferredTaxation 2022-07-31 05162503 frs-core:DeferredTaxation 2023-07-31 05162503 frs-bus:Director1 2022-08-01 2023-07-31 05162503 frs-bus:Director2 2022-08-01 2023-07-31 05162503 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 05162503 frs-core:CurrentFinancialInstruments 1 2023-07-31 05162503 frs-core:CurrentFinancialInstruments 2 2023-07-31 05162503 frs-countries:EnglandWales 2022-08-01 2023-07-31 05162503 2021-07-31 05162503 2022-07-31 05162503 2021-08-01 2022-07-31 05162503 frs-core:CurrentFinancialInstruments 2022-07-31 05162503 frs-core:ShareCapital 2022-07-31 05162503 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 05162503 frs-bus:OrdinaryShareClass2 2021-08-01 2022-07-31 05162503 frs-bus:OrdinaryShareClass3 2021-08-01 2022-07-31 05162503 frs-core:CurrentFinancialInstruments 1 2022-07-31 05162503 frs-core:CurrentFinancialInstruments 2 2022-07-31
Registered number: 05162503
Printing Roller Services Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
More Than Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05162503
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 50,520 60,443
50,520 60,443
CURRENT ASSETS
Debtors 6 78,567 79,005
Cash at bank and in hand 81,318 90,815
159,885 169,820
Creditors: Amounts Falling Due Within One Year 7 (116,511 ) (82,523 )
NET CURRENT ASSETS (LIABILITIES) 43,374 87,297
TOTAL ASSETS LESS CURRENT LIABILITIES 93,894 147,740
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (10,428 ) (10,428 )
NET ASSETS 83,466 137,312
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 83,366 137,212
SHAREHOLDERS' FUNDS 83,466 137,312
Page 1
Page 2
For the year ending 31 July 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.
The financial statements were approved by the board of directors on 30 July 2024 and were signed on its behalf by:
Mr Lee Patterson
Director
30/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Printing Roller Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05162503 . The registered office is Unit 1 Oxford Place, Bradford, West Yorkshire, BD3 0EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
2.2. Going Concern Disclosure
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. The company
therefore continues to adopt the going concern basis in preparing its financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised
evenly over its estimated useful life of one years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.
2.6. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is credited or charged to the income statement.
Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss (if any).
Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of
an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its
recoverable amount.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to
apply.
2.7. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.
Page 3
Page 4
2.8. Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially recorded at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are
settled, or when the company transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the
asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recorded at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of the future payments
discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities in payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or
cancelled.
2.9. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.
2.10. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 40,000
As at 31 July 2023 40,000
Amortisation
As at 1 August 2022 40,000
As at 31 July 2023 40,000
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2022 295,018 69,359 364,377
Additions - 6,917 6,917
As at 31 July 2023 295,018 76,276 371,294
Depreciation
As at 1 August 2022 260,257 43,677 303,934
Provided during the period 8,690 8,150 16,840
As at 31 July 2023 268,947 51,827 320,774
Net Book Value
As at 31 July 2023 26,071 24,449 50,520
As at 1 August 2022 34,761 25,682 60,443
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 78,567 79,005
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 55,802 42,860
Bank loans and overdrafts 24,934 -
Corporation tax (10,307 ) 2,005
Other taxes and social security 2,634 1,389
VAT 17,604 12,793
Net wages 9,643 -
Workplace pension 688 53
Other creditors (2) (5,216 ) -
Accruals and deferred income 1,195 3,148
Directors' loan accounts 19,534 20,275
116,511 82,523
Page 5
Page 6
8. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2023 2022
£ £
Other timing differences 10,428 10,428
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2022 10,428 10,428
Balance at 31 July 2023 10,428 10,428
10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100
11. Related Party Transactions
Included within creditors falling due within one year is a director's current account of £20,275 (2021: £34,910).
The maximum balance during the current and previous period was £34,910. No interest was charged or accrued
on the outstanding balance during the year.
The company paid rent of £17,600 (2021: £19,200) during the year to the director in relation to the occupation of
the principal place of business.
12. Controlling Party
The ultimate controlling party is Lee Patterson.
Page 6