Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07885791 Mr Peter Dudgeon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07885791 2022-12-31 07885791 2023-12-31 07885791 2023-01-01 2023-12-31 07885791 frs-core:CurrentFinancialInstruments 2023-12-31 07885791 frs-core:ComputerEquipment 2023-12-31 07885791 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07885791 frs-core:ComputerEquipment 2022-12-31 07885791 frs-core:MotorVehicles 2023-12-31 07885791 frs-core:MotorVehicles 2023-01-01 2023-12-31 07885791 frs-core:MotorVehicles 2022-12-31 07885791 frs-core:ShareCapital 2023-12-31 07885791 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07885791 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07885791 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07885791 frs-bus:SmallEntities 2023-01-01 2023-12-31 07885791 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07885791 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07885791 frs-bus:Director1 2023-01-01 2023-12-31 07885791 frs-countries:EnglandWales 2023-01-01 2023-12-31 07885791 2021-12-31 07885791 2022-12-31 07885791 2022-01-01 2022-12-31 07885791 frs-core:CurrentFinancialInstruments 2022-12-31 07885791 frs-core:ShareCapital 2022-12-31 07885791 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07885791
Pd Transformations Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
PAH Accounting
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Pd Transformations Limited for the year ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Pd Transformations Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Pd Transformations Limited , as a body, in accordance with the terms of our engagement letter dated 26 August 2021. Our work has been undertaken solely to prepare for your approval the accounts of Pd Transformations Limited and state those matters that we have agreed to state to the director of Pd Transformations Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pd Transformations Limited and its director as a body for our work or for this report.
It is your duty to ensure that Pd Transformations Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pd Transformations Limited . You consider that Pd Transformations Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pd Transformations Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
PAH Accounting
12 August 2024
PAH Accounting
FCCA
Unit 2 The Pound
Coate
Devizes
SN10 3LG
Page 1
Page 2
Balance Sheet
Registered number: 07885791
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,128 45,910
36,128 45,910
CURRENT ASSETS
Debtors 5 11,760 16,560
Cash at bank and in hand 60,303 39,630
72,063 56,190
Creditors: Amounts Falling Due Within One Year 6 (20,998 ) (12,177 )
NET CURRENT ASSETS (LIABILITIES) 51,065 44,013
TOTAL ASSETS LESS CURRENT LIABILITIES 87,193 89,923
NET ASSETS 87,193 89,923
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 87,191 89,921
SHAREHOLDERS' FUNDS 87,193 89,923
Page 2
Page 3
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Peter Dudgeon
Director
12 August 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Pd Transformations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07885791 . The registered office is 34 Tetney Lane, Holton Le Clay, Grimsby, DN36 5AT.
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
Computer Equipment 33% Reducing balance
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 years 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 assets reflect 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: 1 (2022: 1)
1 1
Page 4
Page 5
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 54,990 2,881 57,871
Additions - 2,738 2,738
As at 31 December 2023 54,990 5,619 60,609
Depreciation
As at 1 January 2023 10,825 1,136 11,961
Provided during the period 11,041 1,479 12,520
As at 31 December 2023 21,866 2,615 24,481
Net Book Value
As at 31 December 2023 33,124 3,004 36,128
As at 1 January 2023 44,165 1,745 45,910
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,760 16,560
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 845 404
Bank loans and overdrafts 36 55
Corporation tax 14,249 7,298
VAT 5,244 4,108
Director's loan account 624 312
20,998 12,177
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 27,500 -
Final dividend paid 27,500 14,000
55,000 14,000
Page 5