Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09282698 Mr P A Mahood P Mahood true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09282698 2023-03-31 09282698 2024-03-31 09282698 2023-04-01 2024-03-31 09282698 frs-core:CurrentFinancialInstruments 2024-03-31 09282698 frs-core:Non-currentFinancialInstruments 2024-03-31 09282698 frs-core:ComputerEquipment 2024-03-31 09282698 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09282698 frs-core:ComputerEquipment 2023-03-31 09282698 frs-core:PlantMachinery 2024-03-31 09282698 frs-core:PlantMachinery 2023-04-01 2024-03-31 09282698 frs-core:PlantMachinery 2023-03-31 09282698 frs-core:ShareCapital 2024-03-31 09282698 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09282698 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09282698 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09282698 frs-bus:SmallEntities 2023-04-01 2024-03-31 09282698 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09282698 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09282698 1 2023-04-01 2024-03-31 09282698 frs-bus:Director1 2023-04-01 2024-03-31 09282698 frs-countries:EnglandWales 2023-04-01 2024-03-31 09282698 2022-03-31 09282698 2023-03-31 09282698 2022-04-01 2023-03-31 09282698 frs-core:CurrentFinancialInstruments 2023-03-31 09282698 frs-core:Non-currentFinancialInstruments 2023-03-31 09282698 frs-core:ShareCapital 2023-03-31 09282698 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09282698
Purus Consultants Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Agile Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09282698
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,239 3,479
3,239 3,479
CURRENT ASSETS
Debtors 5 130,874 62,130
Cash at bank and in hand 68,167 93,682
199,041 155,812
Creditors: Amounts Falling Due Within One Year 6 (158,920 ) (103,863 )
NET CURRENT ASSETS (LIABILITIES) 40,121 51,949
TOTAL ASSETS LESS CURRENT LIABILITIES 43,360 55,428
Creditors: Amounts Falling Due After More Than One Year 7 (5,068 ) (9,297 )
NET ASSETS 38,292 46,131
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 38,290 46,129
SHAREHOLDERS' FUNDS 38,292 46,131
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For the year ending 31 March 2024 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 P A Mahood
Director
15 August 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
Purus Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09282698 . The registered office is 241 Upper Marshall Street, Birmingham, B1 1LP.
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. Going Concern Disclosure
The company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. Turnover
Turnover is recognised to the extent there is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from a contract to provide services is recognised in the period in which the services are provided.

2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged to profit or loss over the estimated useful economic lives as follows - 
Plant & Machinery 5 years on a reducing balance basis
Computer Equipment 10 years on a reducing balance basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss. 
2.5. 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.
Leases in which the company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases.
Leased assets acquired by way of finance lease are stated on initial recognition at an amount equal to the lower of their fair value and the present value of the minimum lease payments at inception of the lease, including any incremental costs directly attributable to negotiating and arranging the lease. At initial recognition a finance lease liability is recognised equal to the fair value of the leased asset or, if lower, the present value of the minimum lease payments, calculated using the interest rate implicit in the lease.
Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding liability using the rate implicit in the lease. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability. Contingent rents are charged as expenses in the periods in which they are incurred.
Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in profit and loss over the term of the lease an an integral part of the total lease expenses.
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2.6. Financial Instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
2.9. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
2.10. 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.
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: 3 (2023: 3)
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 840 4,692 5,532
Additions 295 - 295
As at 31 March 2024 1,135 4,692 5,827
Depreciation
As at 1 April 2023 453 1,600 2,053
Provided during the period 226 309 535
As at 31 March 2024 679 1,909 2,588
Net Book Value
As at 31 March 2024 456 2,783 3,239
As at 1 April 2023 387 3,092 3,479
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 120,614 61,812
Prepayments and accrued income - 58
Other debtors 260 260
Director's loan account 10,000 -
130,874 62,130
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 255 341
Bank loans and overdrafts 4,229 4,125
Corporation tax 16,995 30,195
Other taxes and social security 5,536 3,443
VAT 44,941 33,046
Other creditors 948 627
Accruals and deferred income 86,016 31,040
Director's loan account - 1,046
158,920 103,863
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 balance sheet date unpaid contributions amount to £948 (2023 : £627) were due to the fund and included in Other Creditors.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,068 9,297
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
During the year the company made loans to a director of £10,000 (2023 : £nil) and received repayments of £nil (2023 : £nil). As at 31 March 2024 Purus Consultants Limited was owed £10,000 by the director (2023 : £1,046 was owed to the director). All balances attract a nil rate of interest and are repayable upon demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is P Mahood by virtue of his ownership of 100% of the issued share capital in the company.
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