Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09393788 Mrs Louise Pamment Mr Eric Pamment iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09393788 2023-01-31 09393788 2024-01-31 09393788 2023-02-01 2024-01-31 09393788 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09393788 frs-core:FurnitureFittings 2023-02-01 2024-01-31 09393788 frs-core:MotorVehicles 2023-02-01 2024-01-31 09393788 frs-core:PlantMachinery 2023-02-01 2024-01-31 09393788 frs-core:ShareCapital 2024-01-31 09393788 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09393788 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09393788 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 09393788 frs-bus:SmallEntities 2023-02-01 2024-01-31 09393788 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09393788 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09393788 frs-bus:Director1 2023-02-01 2024-01-31 09393788 frs-bus:Director1 2023-01-31 09393788 frs-bus:Director1 2024-01-31 09393788 frs-bus:Director2 2023-02-01 2024-01-31 09393788 frs-bus:Director2 2023-01-31 09393788 frs-bus:Director2 2024-01-31 09393788 frs-countries:EnglandWales 2023-02-01 2024-01-31 09393788 2022-01-31 09393788 2023-01-31 09393788 2022-02-01 2023-01-31 09393788 frs-core:ShareCapital 2023-01-31 09393788 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09393788
Prosol Project Solutions Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
ATB Accounting Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09393788
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,715 2,516
28,715 2,516
CURRENT ASSETS
Stocks 3,975 3,975
Debtors 11,473 20,268
Cash at bank and in hand 49,161 123,478
64,609 147,721
Creditors: Amounts Falling Due Within One Year (31,549 ) (35,273 )
NET CURRENT ASSETS (LIABILITIES) 33,060 112,448
TOTAL ASSETS LESS CURRENT LIABILITIES 61,775 114,964
NET ASSETS 61,775 114,964
CAPITAL AND RESERVES
Called up share capital 5 10 10
Profit and Loss Account 61,765 114,954
SHAREHOLDERS' FUNDS 61,775 114,964
Page 1
Page 2
For the year ending 31 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 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Louise Pamment
Director
07/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Prosol Project Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09393788 . The registered office is 66 Meadowside, Tilehurst, Reading, Berkshire, RG31 5QE.
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 rendering of services.
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% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
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.
2.5. Taxation
Income tax expense represents 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 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.
Current tax for the year is recognised in profit or loss, except when it relates 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 February 2023 7,220
Additions 36,447
As at 31 January 2024 43,667
Depreciation
As at 1 February 2023 4,704
Provided during the period 10,248
As at 31 January 2024 14,952
Net Book Value
As at 31 January 2024 28,715
As at 1 February 2023 2,516
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mrs Louise Pamment 2,000 - 2,000 - -
Mr Eric Pamment 2,000 - 2,000 - -
The above loans are unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mrs Louise Pamment 27,000 25,000
Mr Eric Pamment 27,000 25,000
7. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 54,000 50,000
Page 4