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 10849338 Mr Steven Summers Mr John Reynolds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10849338 2023-03-31 10849338 2024-03-31 10849338 2023-04-01 2024-03-31 10849338 frs-core:CurrentFinancialInstruments 2024-03-31 10849338 frs-core:ShareCapital 2024-03-31 10849338 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10849338 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10849338 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10849338 frs-bus:SmallEntities 2023-04-01 2024-03-31 10849338 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10849338 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10849338 frs-bus:Director1 2023-04-01 2024-03-31 10849338 frs-bus:Director2 2023-04-01 2024-03-31 10849338 frs-core:CurrentFinancialInstruments 2 2024-03-31 10849338 frs-core:CurrentFinancialInstruments 4 2024-03-31 10849338 frs-countries:EnglandWales 2023-04-01 2024-03-31 10849338 2022-03-31 10849338 2023-03-31 10849338 2022-04-01 2023-03-31 10849338 frs-core:CurrentFinancialInstruments 2023-03-31 10849338 frs-core:ShareCapital 2023-03-31 10849338 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10849338 frs-core:CurrentFinancialInstruments 1 2023-03-31 10849338 frs-core:CurrentFinancialInstruments 2 2023-03-31 10849338 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: 10849338
PM Dolphin (Uxbridge) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Certius Professional Services Limited
Chartered Tax Advisers - Certified Practising Accountants
Bayside Business Centre
48 Willis Way
Poole
Dorset
BH15 3TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10849338
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 5,415,670 5,415,670
Debtors 5 43,361 40,462
Cash at bank and in hand 49,099 43,711
5,508,130 5,499,843
Creditors: Amounts Falling Due Within One Year 6 (6,443,889 ) (6,308,311 )
NET CURRENT ASSETS (LIABILITIES) (935,759 ) (808,468 )
TOTAL ASSETS LESS CURRENT LIABILITIES (935,759 ) (808,468 )
NET LIABILITIES (935,759 ) (808,468 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (935,859 ) (808,568 )
SHAREHOLDERS' FUNDS (935,759) (808,468)
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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 Steven Summers
Director
14th 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
PM Dolphin (Uxbridge) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10849338 . The registered office is C/O Certius Professional Services Ltd , Bayside Business Centre, Poole, Dorset, BH15 3TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial
instruments.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from
fellow Group companies and preference shares that are classified as debt, are
initially recognised at transaction price, unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. Accounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities. Trade payables are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method
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. 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.
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2.4. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred 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 and deferred 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
4. Stocks
2024 2023
£ £
Stock 5,415,670 5,415,670
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5. Debtors
2024 2023
£ £
Due within one year
Other debtors (TITAN) - 25,857
VAT 17,454 14,555
Amounts owed by associates 25,907 50
43,361 40,462
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,310 6,684
Bank loans and overdrafts 4,434,817 4,280,011
Corporation tax 33 19,887
Retentions held < 1 year 27,176 27,176
BRIK Client Account 99,603 99,603
Amounts owed to parent undertaking (150,000 ) (150,000 )
Amounts owed to related parties 2,024,950 2,024,950
6,443,889 6,308,311
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Pamber Place Limited

Associated Company
Included within non-current liabilities is an interest free loan The loan is payable on demand on or after the sale of the property.

Masato Limited

Associated Company
Included within non-current liabilities is an interest free loan The loan is payable on demand on or after the sale of the property.

Steven Neal Summer

Members of key management personal

Is a guarantor of the loan facility with an unrelated third party.

John Anthony Reynolds
...CONTINUED
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8. Related Party Transactions - continued

Members of key management personal

Is a guarantor of the loan facility with an unrelated third party.


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