Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03924622 Ms Kellie Hasbury Mr Jonathan Sidwick Ms Jane Hammersley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03924622 2022-12-31 03924622 2023-12-31 03924622 2023-01-01 2023-12-31 03924622 frs-core:CurrentFinancialInstruments 2023-12-31 03924622 frs-core:Non-currentFinancialInstruments 2023-12-31 03924622 frs-core:FurnitureFittings 2023-12-31 03924622 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03924622 frs-core:FurnitureFittings 2022-12-31 03924622 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03924622 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03924622 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 03924622 frs-core:MotorVehicles 2023-12-31 03924622 frs-core:MotorVehicles 2023-01-01 2023-12-31 03924622 frs-core:MotorVehicles 2022-12-31 03924622 frs-core:PlantMachinery 2023-12-31 03924622 frs-core:PlantMachinery 2023-01-01 2023-12-31 03924622 frs-core:PlantMachinery 2022-12-31 03924622 frs-core:ShareCapital 2023-12-31 03924622 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03924622 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03924622 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03924622 frs-bus:SmallEntities 2023-01-01 2023-12-31 03924622 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03924622 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03924622 frs-bus:Director1 2023-01-01 2023-12-31 03924622 frs-bus:Director2 2023-01-01 2023-12-31 03924622 frs-bus:Director3 2023-01-01 2023-12-31 03924622 frs-core:CurrentFinancialInstruments 1 2023-12-31 03924622 frs-countries:EnglandWales 2023-01-01 2023-12-31 03924622 2021-12-31 03924622 2022-12-31 03924622 2022-01-01 2022-12-31 03924622 frs-core:CurrentFinancialInstruments 2022-12-31 03924622 frs-core:Non-currentFinancialInstruments 2022-12-31 03924622 frs-core:ShareCapital 2022-12-31 03924622 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03924622 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 03924622
Plaster Creative Communications Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03924622
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 425,542 388,787
425,542 388,787
CURRENT ASSETS
Debtors 5 405,908 291,327
Cash at bank and in hand 34,087 151,474
439,995 442,801
Creditors: Amounts Falling Due Within One Year 6 (273,730 ) (238,448 )
NET CURRENT ASSETS (LIABILITIES) 166,265 204,353
TOTAL ASSETS LESS CURRENT LIABILITIES 591,807 593,140
Creditors: Amounts Falling Due After More Than One Year 7 (221,630 ) (242,728 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (4,237 ) (4,625 )
NET ASSETS 365,940 345,787
CAPITAL AND RESERVES
Called up share capital 9 883 883
Profit and Loss Account 365,057 344,904
SHAREHOLDERS' FUNDS 365,940 345,787
Page 1
Page 2
For the year ending 31 December 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
Ms Kellie Hasbury
Director
30th August 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
Plaster Creative Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03924622 . The registered office is 101-106 Wells Road, Totterdown, Bristol, BS4 2BS.
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:
Freehold Not depreciated
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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: 28 (2022: 29)
28 29
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 352,723 83,722 14,300 4,656 455,401
Additions 40,904 6,483 - 138 47,525
As at 31 December 2023 393,627 90,205 14,300 4,794 502,926
Depreciation
As at 1 January 2023 - 59,272 3,575 3,767 66,614
Provided during the period - 7,832 2,681 257 10,770
As at 31 December 2023 - 67,104 6,256 4,024 77,384
Net Book Value
As at 31 December 2023 393,627 23,101 8,044 770 425,542
As at 1 January 2023 352,723 24,450 10,725 889 388,787
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 398,976 282,394
Prepayments and accrued income 1,637 -
Other debtors 2,525 7,006
Other debtors - Expend account 2,770 1,927
405,908 291,327
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 82,739 37,560
Bank loans and overdrafts 34,873 48,648
Corporation tax 7,495 39,571
Other taxes and social security 70,332 20,987
VAT 41,639 28,526
Other creditors. 8,258 7,063
Accruals and deferred income 4,150 51,585
Directors' loan accounts 24,244 4,508
273,730 238,448
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 221,630 242,728
Page 4
Page 5
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 4,237 4,625
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 883 883
Page 5