Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10498346 Miss Danielle Holmes Mr Steven Holmes Mr Steven Holmes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10498346 2022-11-30 10498346 2023-11-30 10498346 2022-12-01 2023-11-30 10498346 frs-core:CurrentFinancialInstruments 2023-11-30 10498346 frs-core:Non-currentFinancialInstruments 2023-11-30 10498346 frs-core:ComputerEquipment 2023-11-30 10498346 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10498346 frs-core:ComputerEquipment 2022-11-30 10498346 frs-core:FurnitureFittings 2023-11-30 10498346 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10498346 frs-core:FurnitureFittings 2022-11-30 10498346 frs-core:MotorVehicles 2023-11-30 10498346 frs-core:MotorVehicles 2022-12-01 2023-11-30 10498346 frs-core:MotorVehicles 2022-11-30 10498346 frs-core:ShareCapital 2023-11-30 10498346 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10498346 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10498346 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10498346 frs-bus:SmallEntities 2022-12-01 2023-11-30 10498346 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10498346 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10498346 frs-bus:Director1 2022-12-01 2023-11-30 10498346 frs-bus:Director2 2022-12-01 2023-11-30 10498346 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 10498346 frs-countries:EnglandWales 2022-12-01 2023-11-30 10498346 2021-11-30 10498346 2022-11-30 10498346 2021-12-01 2022-11-30 10498346 frs-core:CurrentFinancialInstruments 2022-11-30 10498346 frs-core:Non-currentFinancialInstruments 2022-11-30 10498346 frs-core:ShareCapital 2022-11-30 10498346 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10498346
PC4 Recycling Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Solutions 4 Tax Ltd
Chartered Certified Accountants
8 Goodacre Close
Alfreton
Derbyshire
DE55 7QX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10498346
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,807 9,826
26,807 9,826
CURRENT ASSETS
Debtors 5 22,490 35,968
Cash at bank and in hand 5,009 3,075
27,499 39,043
Creditors: Amounts Falling Due Within One Year 6 (30,440 ) (22,693 )
NET CURRENT ASSETS (LIABILITIES) (2,941 ) 16,350
TOTAL ASSETS LESS CURRENT LIABILITIES 23,866 26,176
Creditors: Amounts Falling Due After More Than One Year 7 (23,861 ) (27,012 )
NET ASSETS/(LIABILITIES) 5 (836 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 4 (837 )
SHAREHOLDERS' FUNDS 5 (836)
Page 1
Page 2
For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
Mr Steven Holmes
Director
10/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PC4 Recycling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10498346 . The registered office is Brookfield Industrial Estate, Tansley, Matlock, Derbyshire, DE4 5ND.
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% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 16,132 15,618 15,419 47,169
Additions 25,995 5,910 617 32,522
Disposals (16,132 ) - - (16,132 )
As at 30 November 2023 25,995 21,528 16,036 63,559
Depreciation
As at 1 December 2022 12,099 10,366 14,878 37,343
Provided during the period 6,499 4,305 704 11,508
Disposals (12,099 ) - - (12,099 )
As at 30 November 2023 6,499 14,671 15,582 36,752
Net Book Value
As at 30 November 2023 19,496 6,857 454 26,807
As at 1 December 2022 4,033 5,252 541 9,826
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,419 2,400
Other debtors 875 803
Directors' loan accounts 6,196 32,765
22,490 35,968
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,991 3,410
Bank loans and overdrafts 3,937 8,038
Corporation tax 9,578 5,178
VAT 4,876 2,919
Other creditors 7,683 2,498
Accruals and deferred income 1,375 650
30,440 22,693
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 23,861 27,012
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5