Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10800401 Mr Padraig Shevlin Mrs Luan Shevlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10800401 2023-03-31 10800401 2024-03-31 10800401 2023-04-01 2024-03-31 10800401 frs-core:CurrentFinancialInstruments 2024-03-31 10800401 frs-core:Non-currentFinancialInstruments 2024-03-31 10800401 frs-core:BetweenOneFiveYears 2024-03-31 10800401 frs-core:ComputerEquipment 2024-03-31 10800401 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10800401 frs-core:ComputerEquipment 2023-03-31 10800401 frs-core:MotorVehicles 2024-03-31 10800401 frs-core:MotorVehicles 2023-04-01 2024-03-31 10800401 frs-core:MotorVehicles 2023-03-31 10800401 frs-core:PlantMachinery 2024-03-31 10800401 frs-core:PlantMachinery 2023-04-01 2024-03-31 10800401 frs-core:PlantMachinery 2023-03-31 10800401 frs-core:WithinOneYear 2024-03-31 10800401 frs-core:ShareCapital 2024-03-31 10800401 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10800401 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10800401 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10800401 frs-bus:SmallEntities 2023-04-01 2024-03-31 10800401 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10800401 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10800401 frs-bus:Director1 2023-04-01 2024-03-31 10800401 frs-bus:Director2 2023-04-01 2024-03-31 10800401 frs-countries:EnglandWales 2023-04-01 2024-03-31 10800401 2022-03-31 10800401 2023-03-31 10800401 2022-04-01 2023-03-31 10800401 frs-core:CurrentFinancialInstruments 2023-03-31 10800401 frs-core:Non-currentFinancialInstruments 2023-03-31 10800401 frs-core:BetweenOneFiveYears 2023-03-31 10800401 frs-core:WithinOneYear 2023-03-31 10800401 frs-core:ShareCapital 2023-03-31 10800401 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10800401
PVS MANAGEMENT LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Daly Accounting
The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10800401
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,285 44,182
34,285 44,182
CURRENT ASSETS
Debtors 5 11,520 13,650
Cash at bank and in hand 17,397 23,450
28,917 37,100
Creditors: Amounts Falling Due Within One Year 6 (23,843 ) (12,840 )
NET CURRENT ASSETS (LIABILITIES) 5,074 24,260
TOTAL ASSETS LESS CURRENT LIABILITIES 39,359 68,442
Creditors: Amounts Falling Due After More Than One Year 7 (34,312 ) (40,264 )
NET ASSETS 5,047 28,178
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account 4,945 28,076
SHAREHOLDERS' FUNDS 5,047 28,178
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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 Padraig Shevlin
Director
7th October 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
PVS MANAGEMENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10800401 . The registered office is 28 Marmion Way, Ashford, England, TN23 5HY.
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.
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 signed 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. 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 5 Years
Motor Vehicles 5 Years
Computer Equipment 3 Years
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 157 48,195 683 49,035
As at 31 March 2024 157 48,195 683 49,035
Depreciation
As at 1 April 2023 32 4,820 1 4,853
Provided during the period 31 9,639 227 9,897
As at 31 March 2024 63 14,459 228 14,750
Net Book Value
As at 31 March 2024 94 33,736 455 34,285
As at 1 April 2023 125 43,375 682 44,182
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,520 13,650
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,474 6,474
Trade creditors 1,042 1,334
Corporation tax 12,291 1,243
VAT 3,262 3,732
Other creditors 285 51
Directors' loan accounts 489 6
23,843 12,840
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 34,312 40,264
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,474 6,474
Later than one year and not later than five years 34,312 40,264
40,786 46,738
40,786 46,738
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
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