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 5146360 Mr M CROWSON Miss J PICKETT iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5146360 2023-05-31 5146360 2024-05-31 5146360 2023-06-01 2024-05-31 5146360 frs-core:CurrentFinancialInstruments 2024-05-31 5146360 frs-core:Non-currentFinancialInstruments 2024-05-31 5146360 frs-core:ComputerEquipment 2024-05-31 5146360 frs-core:ComputerEquipment 2023-06-01 2024-05-31 5146360 frs-core:ComputerEquipment 2023-05-31 5146360 frs-core:PlantMachinery 2024-05-31 5146360 frs-core:PlantMachinery 2023-06-01 2024-05-31 5146360 frs-core:PlantMachinery 2023-05-31 5146360 frs-core:ShareCapital 2024-05-31 5146360 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 5146360 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 5146360 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 5146360 frs-bus:SmallEntities 2023-06-01 2024-05-31 5146360 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 5146360 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 5146360 frs-bus:Director1 2023-06-01 2024-05-31 5146360 frs-bus:Director2 2023-06-01 2024-05-31 5146360 frs-countries:EnglandWales 2023-06-01 2024-05-31 5146360 2022-05-31 5146360 2023-05-31 5146360 2022-06-01 2023-05-31 5146360 frs-core:CurrentFinancialInstruments 2023-05-31 5146360 frs-core:Non-currentFinancialInstruments 2023-05-31 5146360 frs-core:ShareCapital 2023-05-31 5146360 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 5146360
PCL MEDIA LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
JC ACCOUNTS LTD
THE LOFT
HILL END FARM
LANGLEY
HERTS
SG4 7PT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 5146360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,970 4,267
3,970 4,267
CURRENT ASSETS
Stocks 5 47,000 47,000
Debtors 6 12,356 30,325
Cash at bank and in hand 15,659 1,910
75,015 79,235
Creditors: Amounts Falling Due Within One Year 7 (80,386 ) (64,087 )
NET CURRENT ASSETS (LIABILITIES) (5,371 ) 15,148
TOTAL ASSETS LESS CURRENT LIABILITIES (1,401 ) 19,415
Creditors: Amounts Falling Due After More Than One Year 8 - (14,669 )
NET (LIABILITIES)/ASSETS (1,401 ) 4,746
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (1,501 ) 4,646
SHAREHOLDERS' FUNDS (1,401) 4,746
Page 1
Page 2
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 M CROWSON
Director
05/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PCL MEDIA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 5146360 . The registered office is THE LOFT, HILL END FARM, LANGLEY, HERTS, SG4 7PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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
Computer Equipment 25
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 61,477 6,997 68,474
Additions 1,027 - 1,027
As at 31 May 2024 62,504 6,997 69,501
Depreciation
As at 1 June 2023 57,452 6,755 64,207
Provided during the period 1,263 61 1,324
As at 31 May 2024 58,715 6,816 65,531
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 3,789 181 3,970
As at 1 June 2023 4,025 242 4,267
5. Stocks
2024 2023
£ £
Stock 47,000 47,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,414 13,941
Other debtors 6,942 7,541
VAT - 8,843
12,356 30,325
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,979 7,525
Bank loans and overdrafts 9,350 317
Corporation tax - 5
Other taxes and social security 1,541 991
VAT 1,625 -
Net wages 2,744 2,774
Other creditors - 129
Directors' loan accounts 59,147 52,346
80,386 64,087
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 14,669
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4