Acorah Software Products - Accounts Production 15.0.600 false true 5 January 2023 6 January 2022 false 6 January 2023 5 January 2024 5 January 2024 01484872 Mr David Eckett Ms Jane Lloyd Mr David Eckett true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01484872 2023-01-05 01484872 2024-01-05 01484872 2023-01-06 2024-01-05 01484872 frs-core:ComputerEquipment 2023-01-06 2024-01-05 01484872 frs-core:FurnitureFittings 2023-01-06 2024-01-05 01484872 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-06 2024-01-05 01484872 frs-core:ShareCapital 2024-01-05 01484872 frs-core:RetainedEarningsAccumulatedLosses 2024-01-05 01484872 frs-bus:PrivateLimitedCompanyLtd 2023-01-06 2024-01-05 01484872 frs-bus:AbridgedAccounts 2023-01-06 2024-01-05 01484872 frs-bus:SmallEntities 2023-01-06 2024-01-05 01484872 frs-bus:AuditExempt-NoAccountantsReport 2023-01-06 2024-01-05 01484872 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-06 2024-01-05 01484872 frs-bus:OrdinaryShareClass2 2023-01-06 2024-01-05 01484872 frs-bus:OrdinaryShareClass2 2024-01-05 01484872 frs-bus:OrdinaryShareClass3 2023-01-06 2024-01-05 01484872 frs-bus:OrdinaryShareClass3 2024-01-05 01484872 1 2023-01-06 2024-01-05 01484872 frs-core:CostValuation 2023-01-05 01484872 frs-core:AdditionsToInvestments 2024-01-05 01484872 frs-core:DisposalsRepaymentsInvestments 2024-01-05 01484872 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-01-05 01484872 frs-core:CostValuation 2024-01-05 01484872 frs-bus:Director1 2023-01-06 2024-01-05 01484872 frs-bus:Director2 2023-01-06 2024-01-05 01484872 frs-bus:CompanySecretary1 2023-01-06 2024-01-05 01484872 frs-countries:EnglandWales 2023-01-06 2024-01-05 01484872 2022-01-05 01484872 2023-01-05 01484872 2022-01-06 2023-01-05 01484872 frs-core:ShareCapital 2023-01-05 01484872 frs-core:RetainedEarningsAccumulatedLosses 2023-01-05 01484872 frs-bus:OrdinaryShareClass2 2022-01-06 2023-01-05 01484872 frs-bus:OrdinaryShareClass3 2022-01-06 2023-01-05
Registered number: 01484872
PORTERS BUSINESS SERVICES LIMITED
ABRIDGED Financial Statements
For The Year Ended 5 January 2024
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 01484872
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 119,361 116,768
Investments 5 86,047 96,322
205,408 213,090
CURRENT ASSETS
Stocks 6 9,168 15,837
Debtors 25,797 31,806
Cash at bank and in hand 5,983 128,487
40,948 176,130
Creditors: Amounts Falling Due Within One Year (79,527 ) (177,397 )
NET CURRENT ASSETS (LIABILITIES) (38,579 ) (1,267 )
TOTAL ASSETS LESS CURRENT LIABILITIES 166,829 211,823
NET ASSETS 166,829 211,823
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 165,829 210,823
SHAREHOLDERS' FUNDS 166,829 211,823
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For the year ending 5 January 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 5 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 30 September 2024 and were signed on its behalf by:
Mr David Eckett
Director
30 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
PORTERS BUSINESS SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales.
The registered number is 01484872 .
The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.
Dividends paid to the Directors are reported in the notes ot the accounts.
Related party transactions are reported in the notes to the accounts.
There are no other related party transactions to report.
There are no contingent liabilities or post balance sheet events to report.
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
The Company deregistered for Value Added Tax (VAT) on 2 June 2023. Prior to this date turnover represented net invoiced fees excluding VAT. Thereafter turnover represents total invoiced fees receivable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life.
Freehold 2% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
No depreciation is charged in the year of acquisition.
2.4. Stocks and Work in Progress
Work in Progress is valued at the prime cost of labour and materials plus other direct expenses.
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.5. 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.
2.6. Investments & Investment Income
Investments quoted on the London Stock Exchange are stated at mid-market value at the balance sheet date and unquoted investments are stated at cost.
Investment income comprises dividends and interest received on investments quoted on the London Stock Exchange, realised and unrealised investment gains and losses less investment expenses. Realised investment gains and losses are calculated as the difference between net proceeds on disposal and their purchase price.
2.7. Accounting Reference Date
The accounting reference date is 4 January.
These accounts are nevertheless for the year ended 5 January 2024.
2.8. Comparative Figures
The comparative figures used throughout these accounts are as at 5 January 2023, or are for the year ended on that date.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, who are employed under a contract of service during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Total
£
Cost
As at 6 January 2023 178,702
Additions 5,264
As at 5 January 2024 183,966
Depreciation
As at 6 January 2023 61,934
Provided during the period 2,671
As at 5 January 2024 64,605
Net Book Value
As at 5 January 2024 119,361
As at 6 January 2023 116,768
5. Investments
Total
£
Cost
As at 6 January 2023 96,322
Additions -
Disposals -
Revaluations (10,275 )
As at 5 January 2024 86,047
Provision
As at 6 January 2023 -
As at 5 January 2024 -
Net Book Value
As at 5 January 2024 86,047
As at 6 January 2023 96,322
Investments quoted on the London Stock Exchange are stated at mid-market value at the balance sheet date. Unquoted investments are stated at cost.
6. Stocks
2024 2023
£ £
Work in progress 9,168 15,837
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7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 9.00 each 900 900
1,000 Ordinary B shares of £ 0.10 each 100 100
1,000 1,000
Issued Ordinary C Voting Shares of 900p and Ordinary D, E, F, G, H, J, K, L, M & P Non-Voting Shares of 10p as at 5 January 2024 were as follows.
Mr David Eckett owns 50 Ordinary C Voting Shares, 101 Ordinary H Non-Voting Shares and 110 J Non-Voting Shares.
Mr Daniel Smith owns 50 Ordinary C Voting Shares and 125 each of Ordinary D & G Non-Voting Shares.
Miss Vilma Gromek owns 125 Ordinary F Non-Voting Shares and 125 Ordinary E Non-Voting Shares.
Miss Karen Sproson owns 125 Ordinary K Non-Voting Shares.
Mr Alan Eckett owns 101 Ordinary L Non-Voting Shares.
Ms Jane Lloyd owns 15 Ordinary P Non-Voting Shares.
A Dabbler's Jaakpot Limited owns 24 each of Ordinary M & L Non-Voting Shares.
Miss Karen Sproson & Mr Alan Eckett are the adult children of Mr David Eckett.
Mr David Eckett & Ms Jane Lloyd are directors of A Dabbler's Jaakpot Limited.
Miss Karen Sproson and Mr Alan Eckett each own 48 £1 Ordinary Shares in A Dabbler's Jaakpot Limited, there being 99 £1 Ordinary Shares in issue.
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Daniel Smith - 3,300
Mr David Eckett - 3,300
Ms Jane Lloyd 1,500 450
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 19,900 24,490
10. Related Party Transactions
A Dabblers Jaakpot Limited
A Dabblers Jaakpot Limited has charged Porters Business Services Limited £8,000 (2023 £Nil) for professional fees. These fees are classified as direct costs and are included in cost of sales.
The directors are of the opinion that these fees are in accordance with market rates.
11. Ultimate Controlling Party
The Company was controlled throughout the year by Mr David Eckett & Mr Daniel Smith who each hold 50 £9 Ordinary C Voting Shares which together represent all of the issued voting share capital.
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