Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08715080 Mr Pierre Grigorian Mrs Nicola Grigorian Mr Stephen Davis Mrs Sian Davis Mr Wing Wong Mr Anthony Owens-Redwood Mrs Nicola Grigorian Directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08715080 2022-10-31 08715080 2023-10-31 08715080 2022-11-01 2023-10-31 08715080 frs-core:CurrentFinancialInstruments 2023-10-31 08715080 frs-core:Non-currentFinancialInstruments 2023-10-31 08715080 frs-core:ComputerEquipment 2023-10-31 08715080 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08715080 frs-core:ComputerEquipment 2022-10-31 08715080 frs-core:FurnitureFittings 2023-10-31 08715080 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08715080 frs-core:FurnitureFittings 2022-10-31 08715080 frs-core:MotorVehicles 2022-11-01 2023-10-31 08715080 frs-core:CapitalRedemptionReserve 2023-10-31 08715080 frs-core:ShareCapital 2023-10-31 08715080 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08715080 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08715080 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08715080 frs-bus:SmallEntities 2022-11-01 2023-10-31 08715080 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08715080 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08715080 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08715080 frs-bus:OrdinaryShareClass1 2023-10-31 08715080 frs-bus:OrdinaryShareClass2 2022-11-01 2023-10-31 08715080 frs-bus:OrdinaryShareClass2 2023-10-31 08715080 frs-bus:OrdinaryShareClass3 2022-11-01 2023-10-31 08715080 frs-bus:OrdinaryShareClass3 2023-10-31 08715080 frs-bus:OrdinaryShareClass4 2022-11-01 2023-10-31 08715080 frs-bus:OrdinaryShareClass4 2023-10-31 08715080 frs-bus:OrdinaryShareClass5 2022-11-01 2023-10-31 08715080 frs-bus:OrdinaryShareClass5 2023-10-31 08715080 1 2022-11-01 2023-10-31 08715080 frs-bus:Director1 2022-11-01 2023-10-31 08715080 frs-bus:Director2 2022-11-01 2023-10-31 08715080 frs-bus:Director3 2022-11-01 2023-10-31 08715080 frs-bus:Director4 2022-11-01 2023-10-31 08715080 frs-bus:Director5 2022-11-01 2023-10-31 08715080 frs-bus:Director6 2022-11-01 2023-10-31 08715080 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 08715080 frs-core:CurrentFinancialInstruments 2 2023-10-31 08715080 frs-countries:EnglandWales 2022-11-01 2023-10-31 08715080 2021-10-31 08715080 2022-10-31 08715080 2021-11-01 2022-10-31 08715080 frs-core:CurrentFinancialInstruments 2022-10-31 08715080 frs-core:Non-currentFinancialInstruments 2022-10-31 08715080 frs-core:CapitalRedemptionReserve 2022-10-31 08715080 frs-core:ShareCapital 2022-10-31 08715080 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 08715080 frs-bus:OrdinaryShareClass1 2021-11-01 2022-10-31 08715080 frs-bus:OrdinaryShareClass2 2021-11-01 2022-10-31 08715080 frs-bus:OrdinaryShareClass3 2021-11-01 2022-10-31 08715080 frs-bus:OrdinaryShareClass4 2021-11-01 2022-10-31 08715080 frs-bus:OrdinaryShareClass5 2021-11-01 2022-10-31 08715080 frs-core:CurrentFinancialInstruments 1 2022-10-31 08715080 frs-core:CurrentFinancialInstruments 2 2022-10-31 08715080 frs-core:CurrentFinancialInstruments 3 2022-10-31
Registered number: 08715080
Phg Consulting Engineers Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08715080
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,917 70,289
42,917 70,289
CURRENT ASSETS
Debtors 5 448,504 768,477
Cash at bank and in hand 90,191 207,519
538,695 975,996
Creditors: Amounts Falling Due Within One Year 6 (288,648 ) (333,326 )
NET CURRENT ASSETS (LIABILITIES) 250,047 642,670
TOTAL ASSETS LESS CURRENT LIABILITIES 292,964 712,959
Creditors: Amounts Falling Due After More Than One Year 7 (15,833 ) (25,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (9,995 ) (13,355 )
NET ASSETS 267,136 673,771
CAPITAL AND RESERVES
Called up share capital 9 100 119
Capital redemption reserve 19 -
Profit and Loss Account 267,017 673,652
SHAREHOLDERS' FUNDS 267,136 673,771
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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 Profit and Loss Account.
On behalf of the board
Mr Pierre Grigorian
Director
19/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Phg Consulting Engineers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08715080 . The registered office is 107 Cowbridge Road East, Cardiff, South Glamorgan, CF11 9AG.
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.
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.
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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 24 23
24 23
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 41,710 109,134 150,844
Additions - 2,937 2,937
As at 31 October 2023 41,710 112,071 153,781
Depreciation
As at 1 November 2022 20,114 60,441 80,555
Provided during the period 5,399 24,910 30,309
As at 31 October 2023 25,513 85,351 110,864
Net Book Value
As at 31 October 2023 16,197 26,720 42,917
As at 1 November 2022 21,596 48,693 70,289
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 393,601 536,294
Prepayments and accrued income 54,903 84,300
Intercompany debtor - 147,673
Other debtors (2) - 200
Other debtors (3) - 9
Other taxes and social security - 1
448,504 768,477
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 53,215 36,852
Bank loans and overdrafts 10,000 10,000
Corporation tax - 39,477
Other taxes and social security 27,955 -
VAT 128,029 194,580
Pension creditor 4,716 3,725
Accrued expenses 7,807 1,814
Directors' loan accounts 56,926 46,878
288,648 333,326
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,833 25,833
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 9,995 13,355
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
0 Ordinary Shares of £ 1.000 each - 9
26 Ordinary A shares of £ 1.000 each 26 26
25 Ordinary B shares of £ 1.000 each 25 25
25 Ordinary C shares of £ 1.000 each 25 25
24 Ordinary D shares of £ 1.000 each 24 24
0 Ordinary E shares of £ 1.000 each - 1
0 Ordinary F shares of £ 1.000 each - 9
100 119
10. Related Party Transactions
As at the balance sheet date the company owed the directors the following amounts
Mr P Grigorian : £38,958 (2022 : £35,991)
Mr S Davies : £10,448 (2022 : £5,891)
Mr W Wong : £7,520 (2022 : £4,996)
The directors of PHG Consulting Engineers Limited are also directors of SDPG Limited. 
An intercompany loan of £147,673  between commonly owned parties SDPG Limited and PHG Consulting Engineers Limited was released and writted off during the year.
During the year the directors were voted dividends of £150,266 (2022: £307,182).
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11. Ultimate Controlling Party
The company's ultimate controlling party are the Directors by virtue of their ownership of the issued share capital in the company.
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