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Registered number: 04761355
The p & r Building Company Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04761355
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,438 38,758
Investments 5 786,367 786,367
818,805 825,125
CURRENT ASSETS
Debtors 6 62,383 100,434
Cash at bank and in hand 165,158 74,729
227,541 175,163
Creditors: Amounts Falling Due Within One Year 7 (234,171 ) (201,934 )
NET CURRENT ASSETS (LIABILITIES) (6,630 ) (26,771 )
TOTAL ASSETS LESS CURRENT LIABILITIES 812,175 798,354
Creditors: Amounts Falling Due After More Than One Year 8 (55,303 ) (54,682 )
NET ASSETS 756,872 743,672
CAPITAL AND RESERVES
Called up share capital 9 180 180
Profit and Loss Account 756,692 743,492
SHAREHOLDERS' FUNDS 756,872 743,672
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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 Piotr Zdzislaw Pulcyn
Director
09/07/2024
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
The p & r Building Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04761355 . The registered office is 161 Ley Street, Ilford, Essex, IG1 4BL.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
2.4. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Investment properties whose fair value cannot be measured reliably without undue cost or efforton an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
2.5. 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 profit and loss account 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 profit and loss account as incurred.
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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 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.
2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 71,394 49,203 120,597
Additions 1,790 - 1,790
As at 31 March 2024 73,184 49,203 122,387
Depreciation
As at 1 April 2023 54,186 27,653 81,839
Provided during the period 3,800 4,310 8,110
As at 31 March 2024 57,986 31,963 89,949
Net Book Value
As at 31 March 2024 15,198 17,240 32,438
As at 1 April 2023 17,208 21,550 38,758
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5. Investments
Unlisted
£
Cost
As at 1 April 2023 786,367
As at 31 March 2024 786,367
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 786,367
As at 1 April 2023 786,367
The company has allowed a legal, fixed and floating charge over the company’s assets, including the investment properties with a carrying amount of £786,367 as security for the mortgage loans.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,633 23,784
Prepayments and accrued income 46,750 62,500
Other taxes and social security - 14,150
62,383 100,434
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,228 12,625
Bank loans and overdrafts 6,058 12,737
Corporation tax 4,074 5,663
Other taxes and social security 12,777 -
VAT 35,552 -
Accruals and deferred income 18,482 21,909
Director's loan account 149,000 149,000
234,171 201,934
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 55,303 54,682
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 180 180
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10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 20,000 20,000
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