Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 30 June 2024 30 June 2024 12120471 T Harvey P Wlazel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12120471 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-06-30 12120471 2023-07-31 12120471 2024-06-30 12120471 2023-08-01 2024-06-30 12120471 frs-core:CurrentFinancialInstruments 2024-06-30 12120471 frs-core:Non-currentFinancialInstruments 2024-06-30 12120471 frs-core:ComputerEquipment 2024-06-30 12120471 frs-core:ComputerEquipment 2023-08-01 2024-06-30 12120471 frs-core:ComputerEquipment 2023-07-31 12120471 frs-core:PlantMachinery 2024-06-30 12120471 frs-core:PlantMachinery 2023-08-01 2024-06-30 12120471 frs-core:PlantMachinery 2023-07-31 12120471 frs-core:ShareCapital 2024-06-30 12120471 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12120471 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-06-30 12120471 frs-bus:FilletedAccounts 2023-08-01 2024-06-30 12120471 frs-bus:SmallEntities 2023-08-01 2024-06-30 12120471 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-06-30 12120471 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-06-30 12120471 frs-bus:Director1 2023-08-01 2024-06-30 12120471 frs-bus:Director2 2023-08-01 2024-06-30 12120471 frs-countries:EnglandWales 2023-08-01 2024-06-30 12120471 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-07-31 12120471 2022-07-31 12120471 2023-07-31 12120471 2022-08-01 2023-07-31 12120471 frs-core:CurrentFinancialInstruments 2023-07-31 12120471 frs-core:Non-currentFinancialInstruments 2023-07-31 12120471 frs-core:ShareCapital 2023-07-31 12120471 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12120471
Presence Group Ltd
Unaudited Financial Statements
For the Period 1 August 2023 to 30 June 2024
Brooks & Partners Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12120471
30 June 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,005 3,965
2,005 3,965
CURRENT ASSETS
Debtors 5 14,029 1,455
Cash at bank and in hand 194,284 10,112
208,313 11,567
Creditors: Amounts Falling Due Within One Year 6 (289,115 ) (82,401 )
NET CURRENT ASSETS (LIABILITIES) (80,802 ) (70,834 )
TOTAL ASSETS LESS CURRENT LIABILITIES (78,797 ) (66,869 )
Creditors: Amounts Falling Due After More Than One Year 7 (13,852 ) (15,500 )
NET LIABILITIES (92,649 ) (82,369 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (92,650 ) (82,370 )
SHAREHOLDERS' FUNDS (92,649) (82,369)
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For the period ending 30 June 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 Income Statement.
On behalf of the board
T Harvey
Director
8 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Presence Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12120471 . The registered office is Eventus Business Centre, Sunderland Road, Market Deeping, Peterborough, PE6 8FD.
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 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 paid 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.
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 33.3% straight line
Computer Equipment 33.3% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.

Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement 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 period was: 2 (2023: 5)
2 5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 1,410 9,690 11,100
Additions 707 - 707
As at 30 June 2024 2,117 9,690 11,807
Depreciation
As at 1 August 2023 275 6,860 7,135
Provided during the period 489 2,178 2,667
As at 30 June 2024 764 9,038 9,802
Net Book Value
As at 30 June 2024 1,353 652 2,005
As at 1 August 2023 1,135 2,830 3,965
5. Debtors
30 June 2024 31 July 2023
£ £
Due within one year
Prepayments and accrued income 14,029 1,422
Other taxes and social security - 33
14,029 1,455
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6. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 July 2023
£ £
Trade creditors 202,233 7,979
Bank loans and overdrafts 2,444 6,000
Other taxes and social security 162 -
VAT 9,552 7,017
Net wages - 95
Accruals and deferred income 1,675 1,675
Directors' loan accounts 73,049 59,635
289,115 82,401
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 31 July 2023
£ £
Bank loans 13,852 15,500
Of the creditors falling due after more than one year the following amounts are due after more than five years.
30 June 2024 31 July 2023
£ £
Bank loans 4,074 -
8. Share Capital
30 June 2024 31 July 2023
£ £
Allotted, Called up and fully paid 1 1
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