Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12632230 Mr Sughnen Kange Mr Ralph Cameron iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12632230 2023-05-31 12632230 2024-05-31 12632230 2023-06-01 2024-05-31 12632230 frs-core:CurrentFinancialInstruments 2024-05-31 12632230 frs-core:PlantMachinery 2024-05-31 12632230 frs-core:PlantMachinery 2023-06-01 2024-05-31 12632230 frs-core:PlantMachinery 2023-05-31 12632230 frs-core:ShareCapital 2024-05-31 12632230 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12632230 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12632230 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12632230 frs-bus:SmallEntities 2023-06-01 2024-05-31 12632230 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12632230 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12632230 frs-bus:Director1 2023-06-01 2024-05-31 12632230 frs-bus:Director2 2023-06-01 2024-05-31 12632230 frs-core:CurrentFinancialInstruments 1 2024-05-31 12632230 frs-countries:EnglandWales 2023-06-01 2024-05-31 12632230 2022-05-31 12632230 2023-05-31 12632230 2022-06-01 2023-05-31 12632230 frs-core:CurrentFinancialInstruments 2023-05-31 12632230 frs-core:ShareCapital 2023-05-31 12632230 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 12632230 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 12632230
Partners 4 Production Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Mr Sughnen Kange
Mr Ralph Cameron
Company Number 12632230
Registered Office 315 Regents Park Road
London
England
N3 1DP
Page 1
Page 2
Balance Sheet
Registered number: 12632230
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,938 2,860
1,938 2,860
CURRENT ASSETS
Debtors 5 143,528 158,147
Cash at bank and in hand 24,879 300,534
168,407 458,681
Creditors: Amounts Falling Due Within One Year 6 (87,557 ) (365,430 )
NET CURRENT ASSETS (LIABILITIES) 80,850 93,251
TOTAL ASSETS LESS CURRENT LIABILITIES 82,788 96,111
NET ASSETS 82,788 96,111
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 81,788 95,111
SHAREHOLDERS' FUNDS 82,788 96,111
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For the year ending 31 May 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 Sughnen Kange
Director
Mr Ralph Cameron
Director
23 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
Partners 4 Production Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12632230 . The registered office is 315 Regents Park Road, London, England, N3 1DP.
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
Revenue is recognised to the extent that it is probable that the 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured 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:
Plant & Machinery 25% Straight line 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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss

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.
2.5. Pensions
Defined contribution pension plan

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 into 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 when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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
£
Cost
As at 1 June 2023 6,673
Additions 995
As at 31 May 2024 7,668
Depreciation
As at 1 June 2023 3,813
Provided during the period 1,917
As at 31 May 2024 5,730
Net Book Value
As at 31 May 2024 1,938
As at 1 June 2023 2,860
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 140,365 157,742
Prepayments and accrued income 3,163 -
Other taxes and social security - 405
143,528 158,147
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,388 -
Corporation tax 19,292 34,549
Other taxes and social security 18 -
VAT 8,669 38,883
Net wages - 2,478
Other creditors - 137
Damage deposits 30,608 93,994
Accruals and deferred income 18,512 186,319
Directors' loan accounts 9,070 9,070
87,557 365,430
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Related Party Transactions
At the year end, the Company owed £9,070 to the Directors. The amounts are unsecured, interest-free and repayable on demand.
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