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 04995967 P J Marks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04995967 2022-12-31 04995967 2023-12-31 04995967 2023-01-01 2023-12-31 04995967 frs-core:CurrentFinancialInstruments 2023-12-31 04995967 frs-core:ComputerEquipment 2023-12-31 04995967 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04995967 frs-core:ComputerEquipment 2022-12-31 04995967 frs-core:FurnitureFittings 2023-12-31 04995967 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04995967 frs-core:FurnitureFittings 2022-12-31 04995967 frs-core:MotorVehicles 2023-12-31 04995967 frs-core:MotorVehicles 2023-01-01 2023-12-31 04995967 frs-core:MotorVehicles 2022-12-31 04995967 frs-core:ShareCapital 2023-12-31 04995967 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04995967 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04995967 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04995967 frs-bus:SmallEntities 2023-01-01 2023-12-31 04995967 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04995967 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04995967 frs-core:UnlistedNon-exchangeTraded 2023-12-31 04995967 frs-core:UnlistedNon-exchangeTraded 2022-12-31 04995967 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 04995967 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 04995967 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 04995967 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 04995967 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 04995967 frs-bus:Director1 2023-01-01 2023-12-31 04995967 frs-countries:EnglandWales 2023-01-01 2023-12-31 04995967 2021-12-31 04995967 2022-12-31 04995967 2022-01-01 2022-12-31 04995967 frs-core:CurrentFinancialInstruments 2022-12-31 04995967 frs-core:ShareCapital 2022-12-31 04995967 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04995967
Paul J Marks Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
O A George & Co
Chartered Certified Accountants & Statutory Auditors
104 New Cross Road
New Cross
London
SE14 5BA
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Director P J Marks
Company Number 04995967
Registered Office 128 Greenfell Mansions
Glaisher Street
Deptford
London
SE8 3EX
Accountants O A George & Co
Chartered Certified Accountants & Statutory Auditors
104 New Cross Road
New Cross
London
SE14 5BA
Page 1
Page 2
Accountant's Report
In accordance with the engagement letter dated 29 September 2021, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
19 September 2024
O A George & Co
Chartered Certified Accountants & Statutory Auditors
104 New Cross Road
New Cross
London
SE14 5BA
Page 2
Page 3
Balance Sheet
Registered number: 04995967
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,635 3,930
Investments 5 16,189 7,526
18,824 11,456
CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 27 -
Cash at bank and in hand 518 4,285
1,545 5,285
Creditors: Amounts Falling Due Within One Year 8 (70,024 ) (67,586 )
NET CURRENT ASSETS (LIABILITIES) (68,479 ) (62,301 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,655 ) (50,845 )
NET LIABILITIES (49,655 ) (50,845 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (49,755 ) (50,945 )
SHAREHOLDERS' FUNDS (49,655) (50,845)
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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 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
P J Marks
Director
19 September 2024
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Paul J Marks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04995967 . The registered office is 128 Greenfell Mansions, Glaisher Street, Deptford, London, SE8 3EX.
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:
Motor Vehicles Depreciation at 8.33% PA
Fixtures & Fittings Depreciation at 8.33% PA
Computer Equipment Depreciation at 10% PA
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: 1 (2022: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 16,827 1,927 451 19,205
As at 31 December 2023 16,827 1,927 451 19,205
Depreciation
As at 1 January 2023 13,503 1,502 270 15,275
Provided during the period 1,108 141 46 1,295
As at 31 December 2023 14,611 1,643 316 16,570
...CONTINUED
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Net Book Value
As at 31 December 2023 2,216 284 135 2,635
As at 1 January 2023 3,324 425 181 3,930
5. Investments
Unlisted
£
Cost
As at 1 January 2023 7,526
Additions 8,663
As at 31 December 2023 16,189
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 16,189
As at 1 January 2023 7,526
6. Stocks
2023 2022
£ £
Stock 1,000 1,000
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 27 -
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,080 3,842
Bank loans and overdrafts - 1,506
Other creditors 65,611 61,187
Taxation and social security 333 1,051
70,024 67,586
Of the other creditors of £65,611 (2022: £61,187) in note 8 to the accounts, £37,846 (2022:£39,407) was owing by the company to the director's personal credit cards. The director continues to manage the repayments and has indicated his willingness to continue to do so untill the company is financially capable to make full repayments. In the event of the company being unable to pay, the director is willing to accept the liabilities as personal. 
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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10. Reserves
                                                                                                               Retained 
                                                                                                                earnings
                                                                                                                     £
At 1 January 2023                                                                                      (50,945) 
Profit/(Loss) for the year                                                                                1,190
                                                                                                                ----------
At 31 December 2023                                                                                 (49,755)
                                                                                                                ====== 
11. Related Party Transactions
As disclosed in notes 8 to the accounts, the director gave personal guarantees as security on the bank loan.
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