Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 19 August 2022 false 1 April 2023 31 March 2024 31 March 2024 14305937 Mr David Gladwin Mrs Alison Gladwin Mr Liam Gladwin Mr William Gladwin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14305937 2023-03-31 14305937 2024-03-31 14305937 2023-04-01 2024-03-31 14305937 frs-core:CurrentFinancialInstruments 2024-03-31 14305937 frs-core:Non-currentFinancialInstruments 2024-03-31 14305937 frs-core:BetweenOneFiveYears 2024-03-31 14305937 frs-core:ComputerEquipment 2024-03-31 14305937 frs-core:ComputerEquipment 2023-04-01 2024-03-31 14305937 frs-core:ComputerEquipment 2023-03-31 14305937 frs-core:MotorVehicles 2024-03-31 14305937 frs-core:MotorVehicles 2023-04-01 2024-03-31 14305937 frs-core:MotorVehicles 2023-03-31 14305937 frs-core:ShareCapital 2024-03-31 14305937 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14305937 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14305937 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 14305937 frs-bus:SmallEntities 2023-04-01 2024-03-31 14305937 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14305937 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14305937 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 14305937 frs-bus:OrdinaryShareClass1 2024-03-31 14305937 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 14305937 frs-bus:OrdinaryShareClass3 2024-03-31 14305937 frs-bus:Director1 2023-04-01 2024-03-31 14305937 frs-bus:Director1 2023-03-31 14305937 frs-bus:Director1 2024-03-31 14305937 frs-bus:Director2 2023-04-01 2024-03-31 14305937 frs-bus:Director3 2023-04-01 2024-03-31 14305937 frs-bus:Director3 2023-03-31 14305937 frs-bus:Director3 2024-03-31 14305937 frs-bus:Director4 2023-04-01 2024-03-31 14305937 frs-countries:EnglandWales 2023-04-01 2024-03-31 14305937 2022-08-18 14305937 2023-03-31 14305937 2022-08-19 2023-03-31 14305937 frs-core:CurrentFinancialInstruments 2023-03-31 14305937 frs-core:Non-currentFinancialInstruments 2023-03-31 14305937 frs-core:BetweenOneFiveYears 2023-03-31 14305937 frs-core:ShareCapital 2023-03-31 14305937 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 14305937 frs-bus:OrdinaryShareClass1 2022-08-19 2023-03-31 14305937 frs-bus:OrdinaryShareClass3 2022-08-19 2023-03-31
Registered number: 14305937
Propserv Construction & Maintenance Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Agent Armour Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14305937
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,456 21,139
61,456 21,139
CURRENT ASSETS
Debtors 5 158,816 85,488
Cash at bank and in hand 33,639 63,220
192,455 148,708
Creditors: Amounts Falling Due Within One Year 6 (80,283 ) (50,561 )
NET CURRENT ASSETS (LIABILITIES) 112,172 98,147
TOTAL ASSETS LESS CURRENT LIABILITIES 173,628 119,286
Creditors: Amounts Falling Due After More Than One Year 7 (21,115 ) (24,848 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,466 ) (5,143 )
NET ASSETS 130,047 89,295
CAPITAL AND RESERVES
Called up share capital 9 250 250
Profit and Loss Account 129,797 89,045
SHAREHOLDERS' FUNDS 130,047 89,295
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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 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 Gladwin
Director
13/07/2024
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
Propserv Construction & Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14305937 . The registered office is Greetwell Place, 2 Lime Kiln Way, Lincoln, LN2 4US.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 20% Reducing balance
Computer Equipment 50% Straight line
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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 30,350 2,658 33,008
Additions 72,824 2,233 75,057
As at 31 March 2024 103,174 4,891 108,065
Depreciation
As at 1 April 2023 10,540 1,329 11,869
Provided during the period 32,295 2,445 34,740
As at 31 March 2024 42,835 3,774 46,609
Net Book Value
As at 31 March 2024 60,339 1,117 61,456
As at 1 April 2023 19,810 1,329 21,139
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5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 134,340 65,805
Other debtors 4,426 4,683
138,766 70,488
Due after more than one year
Other debtors 20,050 15,000
158,816 85,488
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 24,239 2,131
Bank loans and overdrafts 2,070 -
Other creditors 1,931 -
Taxation and social security 52,043 48,430
80,283 50,561
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,115 24,848
8. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 21,115 24,848
9. Share Capital
31 March 2024 31 March 2023
Allotted, called up and fully paid £ £
200 Ordinary Shares of £ 1.00 each 200 200
50 Ordinary B shares of £ 1.00 each 50 50
250 250
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr David Gladwin 4,946 - 7,838 - (2,892 )
Mr Liam Gladwin 4,738 - 312 - 4,426
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
The ultimate controlling parties are Mr D Gladwin and Mrs A Gladwin by virtue of their shareholding in the company.
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