Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12694475 Mr David Sanders Mrs Katharine Sanders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12694475 2023-06-30 12694475 2024-06-30 12694475 2023-07-01 2024-06-30 12694475 frs-core:CurrentFinancialInstruments 2024-06-30 12694475 frs-core:Non-currentFinancialInstruments 2024-06-30 12694475 frs-core:BetweenOneFiveYears 2024-06-30 12694475 frs-core:ComputerEquipment 2024-06-30 12694475 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12694475 frs-core:ComputerEquipment 2023-06-30 12694475 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12694475 frs-core:PlantMachinery 2024-06-30 12694475 frs-core:PlantMachinery 2023-07-01 2024-06-30 12694475 frs-core:PlantMachinery 2023-06-30 12694475 frs-core:WithinOneYear 2024-06-30 12694475 frs-core:ShareCapital 2024-06-30 12694475 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12694475 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12694475 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12694475 frs-bus:SmallEntities 2023-07-01 2024-06-30 12694475 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12694475 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12694475 frs-bus:Director1 2023-07-01 2024-06-30 12694475 frs-bus:Director2 2023-07-01 2024-06-30 12694475 frs-countries:EnglandWales 2023-07-01 2024-06-30 12694475 2022-06-30 12694475 2023-06-30 12694475 2022-07-01 2023-06-30 12694475 frs-core:CurrentFinancialInstruments 2023-06-30 12694475 frs-core:Non-currentFinancialInstruments 2023-06-30 12694475 frs-core:BetweenOneFiveYears 2023-06-30 12694475 frs-core:WithinOneYear 2023-06-30 12694475 frs-core:ShareCapital 2023-06-30 12694475 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12694475
PR42 LTD
Unaudited Financial Statements
For The Year Ended 30 June 2024
MBL Business Services Ltd
Moushill Rough
Sandy Lane
Godalming
Surrey
GU8 5BL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12694475
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,341 28,886
23,341 28,886
CURRENT ASSETS
Debtors 5 38,233 15,075
Cash at bank and in hand 35,831 26,856
74,064 41,931
Creditors: Amounts Falling Due Within One Year 6 (53,374 ) (24,597 )
NET CURRENT ASSETS (LIABILITIES) 20,690 17,334
TOTAL ASSETS LESS CURRENT LIABILITIES 44,031 46,220
Creditors: Amounts Falling Due After More Than One Year 7 (20,264 ) (25,828 )
NET ASSETS 23,767 20,392
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 23,765 20,390
SHAREHOLDERS' FUNDS 23,767 20,392
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For the year ending 30 June 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 David Sanders
Director
19/08/2024
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
PR42 LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12694475 . The registered office is Moushill Rough, Sandy Lane, Milford, Godalming, Surrey, GU8 5BL.
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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% 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 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 37,265 1,761 39,026
Additions - 2,235 2,235
As at 30 June 2024 37,265 3,996 41,261
Depreciation
As at 1 July 2023 9,473 667 10,140
Provided during the period 6,948 832 7,780
As at 30 June 2024 16,421 1,499 17,920
Net Book Value
As at 30 June 2024 20,844 2,497 23,341
As at 1 July 2023 27,792 1,094 28,886
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 38,233 14,550
Other debtors - 525
38,233 15,075
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,564 5,564
Corporation tax 42,947 10,567
VAT 3,396 7,306
Accruals and deferred income 1,160 1,160
Directors' loan accounts 307 -
53,374 24,597
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,264 25,828
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,564 5,564
Later than one year and not later than five years 20,264 25,828
25,828 31,392
25,828 31,392
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 124,000 79,000
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