Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10595076 Mr Daniel Quinney Mr Lawrence Potts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10595076 2023-03-31 10595076 2024-03-31 10595076 2023-04-01 2024-03-31 10595076 frs-core:CurrentFinancialInstruments 2024-03-31 10595076 frs-core:Non-currentFinancialInstruments 2024-03-31 10595076 frs-core:BetweenOneFiveYears 2024-03-31 10595076 frs-core:ComputerEquipment 2024-03-31 10595076 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10595076 frs-core:ComputerEquipment 2023-03-31 10595076 frs-core:MotorVehicles 2024-03-31 10595076 frs-core:MotorVehicles 2023-04-01 2024-03-31 10595076 frs-core:MotorVehicles 2023-03-31 10595076 frs-core:PlantMachinery 2024-03-31 10595076 frs-core:PlantMachinery 2023-04-01 2024-03-31 10595076 frs-core:PlantMachinery 2023-03-31 10595076 frs-core:WithinOneYear 2024-03-31 10595076 frs-core:ShareCapital 2024-03-31 10595076 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10595076 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10595076 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10595076 frs-bus:SmallEntities 2023-04-01 2024-03-31 10595076 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10595076 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10595076 frs-bus:Director1 2023-04-01 2024-03-31 10595076 frs-bus:Director2 2023-04-01 2024-03-31 10595076 frs-countries:EnglandWales 2023-04-01 2024-03-31 10595076 2022-03-31 10595076 2023-03-31 10595076 2022-04-01 2023-03-31 10595076 frs-core:CurrentFinancialInstruments 2023-03-31 10595076 frs-core:Non-currentFinancialInstruments 2023-03-31 10595076 frs-core:BetweenOneFiveYears 2023-03-31 10595076 frs-core:WithinOneYear 2023-03-31 10595076 frs-core:ShareCapital 2023-03-31 10595076 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10595076 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 10595076
Potts & Quinney Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10595076
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,635 4,604
36,635 4,604
CURRENT ASSETS
Stocks 5 6,600 2,300
Debtors 6 16,044 8,148
Cash at bank and in hand 64,424 78,443
87,068 88,891
Creditors: Amounts Falling Due Within One Year 7 (44,018 ) (32,572 )
NET CURRENT ASSETS (LIABILITIES) 43,050 56,319
TOTAL ASSETS LESS CURRENT LIABILITIES 79,685 60,923
Creditors: Amounts Falling Due After More Than One Year 8 (17,662 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,960 ) (875 )
NET ASSETS 55,063 60,048
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 54,963 59,948
SHAREHOLDERS' FUNDS 55,063 60,048
Page 1
Page 2
For the year ending 31 March 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.
On behalf of the board
Mr Daniel Quinney
Director
27/09/2024
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
Potts & Quinney Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10595076 . The registered office is 1 Milnyard Square, Orton Southgate, Peterborough, PE2 6GX.
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.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 2,255 15,060 2,260 19,575
Additions 366 44,065 - 44,431
As at 31 March 2024 2,621 59,125 2,260 64,006
Depreciation
As at 1 April 2023 1,318 11,966 1,687 14,971
Provided during the period 325 11,789 286 12,400
As at 31 March 2024 1,643 23,755 1,973 27,371
Net Book Value
As at 31 March 2024 978 35,370 287 36,635
As at 1 April 2023 937 3,094 573 4,604
5. Stocks
2024 2023
£ £
Finished goods 3,000 2,300
Work in progress 3,600 -
6,600 2,300
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,413 8,148
CIS 631 -
16,044 8,148
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,416 -
Trade creditors 24,982 4,190
Corporation tax 8,461 16,788
VAT 4,011 5,566
Pensions payable - 253
Accruals current 675 830
Directors' loan accounts 1,473 4,945
44,018 32,572
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,662 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,416 -
Later than one year and not later than five years 17,662 -
22,078 -
22,078 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5