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 06779296 Mr J Probert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06779296 2022-12-31 06779296 2023-12-31 06779296 2023-01-01 2023-12-31 06779296 frs-core:CurrentFinancialInstruments 2023-12-31 06779296 frs-core:Non-currentFinancialInstruments 2023-12-31 06779296 frs-core:MotorVehicles 2023-01-01 2023-12-31 06779296 frs-core:PlantMachinery 2023-12-31 06779296 frs-core:PlantMachinery 2023-01-01 2023-12-31 06779296 frs-core:PlantMachinery 2022-12-31 06779296 frs-core:ShareCapital 2023-12-31 06779296 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06779296 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06779296 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06779296 frs-bus:SmallEntities 2023-01-01 2023-12-31 06779296 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06779296 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06779296 frs-bus:Director1 2023-01-01 2023-12-31 06779296 frs-countries:EnglandWales 2023-01-01 2023-12-31 06779296 2021-12-31 06779296 2022-12-31 06779296 2022-01-01 2022-12-31 06779296 frs-core:CurrentFinancialInstruments 2022-12-31 06779296 frs-core:Non-currentFinancialInstruments 2022-12-31 06779296 frs-core:ShareCapital 2022-12-31 06779296 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06779296
PROSTONE LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06779296
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 181,081 241,442
181,081 241,442
CURRENT ASSETS
Stocks 5 70,000 70,000
Debtors 6 188,517 119,240
Cash at bank and in hand 544,278 375,649
802,795 564,889
Creditors: Amounts Falling Due Within One Year 7 (421,740 ) (336,329 )
NET CURRENT ASSETS (LIABILITIES) 381,055 228,560
TOTAL ASSETS LESS CURRENT LIABILITIES 562,136 470,002
Creditors: Amounts Falling Due After More Than One Year 8 (19,014 ) (29,912 )
NET ASSETS 543,122 440,090
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 543,022 439,990
SHAREHOLDERS' FUNDS 543,122 440,090
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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 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 Income Statement.
On behalf of the board
Mr J Probert
Director
12 August 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
PROSTONE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 06779296 . The registered office is 2nd Floor, Finance House, 20/21 Aviation Way, Southend On Sea, Essex, SS2 6UN.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 443,191
As at 31 December 2023 443,191
Depreciation
As at 1 January 2023 201,749
Provided during the period 60,361
As at 31 December 2023 262,110
Net Book Value
As at 31 December 2023 181,081
As at 1 January 2023 241,442
5. Stocks
2023 2022
£ £
Materials 70,000 70,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 36,616 69,240
Other debtors 151,901 50,000
188,517 119,240
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 83,206 78,957
Bank loans and overdrafts 10,021 9,771
Other creditors 155,628 193,790
Taxation and social security 172,885 53,811
421,740 336,329
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 19,014 29,912
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included within 'Other Creditors,' is a loan owed to Supreme Turf & Soils Limited of £155,590 (2022: £155,590) by Prostone Limited.  A company related by key management personnel. This amount is interest free and repayable on demand.
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