Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12434506 Mr Simon John Moore Mrs Marie Moore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12434506 2023-01-31 12434506 2024-01-31 12434506 2023-02-01 2024-01-31 12434506 frs-core:CurrentFinancialInstruments 2024-01-31 12434506 frs-core:Non-currentFinancialInstruments 2024-01-31 12434506 frs-core:BetweenOneFiveYears 2024-01-31 12434506 frs-core:ComputerEquipment 2024-01-31 12434506 frs-core:ComputerEquipment 2023-02-01 2024-01-31 12434506 frs-core:ComputerEquipment 2023-01-31 12434506 frs-core:FurnitureFittings 2024-01-31 12434506 frs-core:FurnitureFittings 2023-02-01 2024-01-31 12434506 frs-core:FurnitureFittings 2023-01-31 12434506 frs-core:PlantMachinery 2024-01-31 12434506 frs-core:PlantMachinery 2023-02-01 2024-01-31 12434506 frs-core:PlantMachinery 2023-01-31 12434506 frs-core:WithinOneYear 2024-01-31 12434506 frs-core:ShareCapital 2024-01-31 12434506 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12434506 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12434506 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12434506 frs-bus:SmallEntities 2023-02-01 2024-01-31 12434506 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12434506 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12434506 frs-bus:Director1 2023-02-01 2024-01-31 12434506 frs-bus:Director2 2023-02-01 2024-01-31 12434506 frs-countries:EnglandWales 2023-02-01 2024-01-31 12434506 2022-01-31 12434506 2023-01-31 12434506 2022-02-01 2023-01-31 12434506 frs-core:CurrentFinancialInstruments 2023-01-31 12434506 frs-core:Non-currentFinancialInstruments 2023-01-31 12434506 frs-core:BetweenOneFiveYears 2023-01-31 12434506 frs-core:WithinOneYear 2023-01-31 12434506 frs-core:ShareCapital 2023-01-31 12434506 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12434506
PDC Sevenoaks Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12434506
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 115,200 127,870
115,200 127,870
CURRENT ASSETS
Debtors 5 18,088 35,825
Cash at bank and in hand 5,554 1,724
23,642 37,549
Creditors: Amounts Falling Due Within One Year 6 (20,321 ) (20,553 )
NET CURRENT ASSETS (LIABILITIES) 3,321 16,996
TOTAL ASSETS LESS CURRENT LIABILITIES 118,521 144,866
Creditors: Amounts Falling Due After More Than One Year 7 (96,174 ) (116,496 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,888 ) (24,277 )
NET ASSETS 459 4,093
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 457 4,091
SHAREHOLDERS' FUNDS 459 4,093
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Page 2
For the year ending 31 January 2024 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 Simon John Moore
Director
14/08/2024
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
PDC Sevenoaks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12434506 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on 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 in respect of all timing differences that have originated but not reversed at the balance
sheet 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.
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: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 143,439 7,017 328 150,784
Additions 6,717 942 - 7,659
As at 31 January 2024 150,156 7,959 328 158,443
Depreciation
As at 1 February 2023 21,516 1,307 91 22,914
Provided during the period 19,297 997 35 20,329
As at 31 January 2024 40,813 2,304 126 43,243
Net Book Value
As at 31 January 2024 109,343 5,655 202 115,200
As at 1 February 2023 121,923 5,710 237 127,870
5. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 18,088 27,866
Inter company account - 7,959
18,088 35,825
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,469 12,469
Trade creditors - 232
Bank loans and overdrafts 7,852 7,852
20,321 20,553
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 50,954 63,424
Bank loans 45,220 53,072
96,174 116,496
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,469 12,469
Later than one year and not later than five years 50,954 63,424
63,423 75,893
63,423 75,893
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Included in other debtors is an amount of £18,088 (£27,866 Debtor in 2023), owed by the company directors Mr S & Mrs M Moore. This loan is interest free and no repayment terms have been agreed.
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