Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05293568 P A S Motteram M A Motteram iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05293568 2022-12-31 05293568 2023-12-31 05293568 2023-01-01 2023-12-31 05293568 frs-core:CurrentFinancialInstruments 2023-12-31 05293568 frs-core:ComputerEquipment 2023-12-31 05293568 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05293568 frs-core:ComputerEquipment 2022-12-31 05293568 frs-core:PlantMachinery 2023-12-31 05293568 frs-core:PlantMachinery 2023-01-01 2023-12-31 05293568 frs-core:PlantMachinery 2022-12-31 05293568 frs-core:ShareCapital 2023-12-31 05293568 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05293568 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05293568 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05293568 frs-bus:SmallEntities 2023-01-01 2023-12-31 05293568 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05293568 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05293568 frs-bus:Director1 2023-01-01 2023-12-31 05293568 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05293568 frs-core:CurrentFinancialInstruments 1 2023-12-31 05293568 frs-countries:EnglandWales 2023-01-01 2023-12-31 05293568 2021-12-31 05293568 2022-12-31 05293568 2022-01-01 2022-12-31 05293568 frs-core:CurrentFinancialInstruments 2022-12-31 05293568 frs-core:ShareCapital 2022-12-31 05293568 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05293568 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05293568
P.A.S.M. Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 05293568
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 - 307
- 307
CURRENT ASSETS
Debtors 4 66,904 52,389
Cash at bank and in hand 31,527 45,514
98,431 97,903
Creditors: Amounts Falling Due Within One Year 5 (46,397 ) (43,941 )
NET CURRENT ASSETS (LIABILITIES) 52,034 53,962
TOTAL ASSETS LESS CURRENT LIABILITIES 52,034 54,269
NET ASSETS 52,034 54,269
CAPITAL AND RESERVES
Called up share capital 6 1 1
Income Statement 52,033 54,268
SHAREHOLDERS' FUNDS 52,034 54,269
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 Income Statement.
On behalf of the board
P A S Motteram
Director
24/09/2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements arerounded to the nearest UK pound.
The principle accounting policies adopted are set below.
1.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4. 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:
Plant & Machinery 25% Straight line
Computer Equipment 25% Straight line
1.5. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. 
Current or deferred taxation assets and liabilities are not discounted. 
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
1.6. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
1.7. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 1)
2 1
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3. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 1,224 4,907 6,131
As at 31 December 2023 1,224 4,907 6,131
Depreciation
As at 1 January 2023 918 4,906 5,824
Provided during the period 306 1 307
As at 31 December 2023 1,224 4,907 6,131
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 306 1 307
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 38,894 24,164
Amounts owed by subsidiaries 28,010 28,225
66,904 52,389
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,221 1,281
Corporation tax 32,302 31,590
VAT 6,494 8,286
Net wages 180 -
Pension payable 34 -
Accruals and deferred income 3,070 2,500
Director's loan account 96 284
46,397 43,941
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
The nominal value per share is £1 and as at the year-end there are 1 Ordinary shares in issue.
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Page 4
7. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 107,000 133,000
107,000 133,000
8. Related Party Transactions
The Director's loan account balance of Mr P S Motteram is £96 as at the year end, is a current liability, interest free and repayable on demand.
The amount owed to P.A.M.C Inc, a company related via common control and directorship, totalled £28,010 as at the year-end, which is a current asset, interest free and repayable on demand.
9. General Information
P.A.S.M. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05293568 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
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