Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05346653 Mr Nicholas Handslip Mr Nicholas Handslip Nicholas Handslip true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05346653 2023-01-31 05346653 2024-01-31 05346653 2023-02-01 2024-01-31 05346653 frs-core:CurrentFinancialInstruments 2024-01-31 05346653 frs-core:Non-currentFinancialInstruments 2024-01-31 05346653 frs-core:BetweenOneFiveYears 2024-01-31 05346653 frs-core:ComputerEquipment 2024-01-31 05346653 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05346653 frs-core:ComputerEquipment 2023-01-31 05346653 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 05346653 frs-core:OtherResidualIntangibleAssets 2024-01-31 05346653 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 05346653 frs-core:OtherResidualIntangibleAssets 2023-01-31 05346653 frs-core:PlantMachinery 2024-01-31 05346653 frs-core:PlantMachinery 2023-02-01 2024-01-31 05346653 frs-core:PlantMachinery 2023-01-31 05346653 frs-core:WithinOneYear 2024-01-31 05346653 frs-core:ShareCapital 2024-01-31 05346653 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05346653 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05346653 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05346653 frs-bus:SmallEntities 2023-02-01 2024-01-31 05346653 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05346653 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05346653 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 05346653 frs-bus:OrdinaryShareClass1 2024-01-31 05346653 1 2023-02-01 2024-01-31 05346653 frs-bus:Director1 2023-02-01 2024-01-31 05346653 frs-bus:Director1 2023-01-31 05346653 frs-bus:Director1 2024-01-31 05346653 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05346653 frs-countries:EnglandWales 2023-02-01 2024-01-31 05346653 2022-01-31 05346653 2023-01-31 05346653 2022-02-01 2023-01-31 05346653 frs-core:CurrentFinancialInstruments 2023-01-31 05346653 frs-core:Non-currentFinancialInstruments 2023-01-31 05346653 frs-core:BetweenOneFiveYears 2023-01-31 05346653 frs-core:WithinOneYear 2023-01-31 05346653 frs-core:ShareCapital 2023-01-31 05346653 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 05346653 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31
Registered number: 05346653
Franklin Project Management Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05346653
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 152 260
Tangible Assets 5 3,706 4,211
3,858 4,471
CURRENT ASSETS
Debtors 6 44,015 32,877
Cash at bank and in hand 8 747
44,023 33,624
Creditors: Amounts Falling Due Within One Year 7 (64,788 ) (111,142 )
NET CURRENT ASSETS (LIABILITIES) (20,765 ) (77,518 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,907 ) (73,047 )
Creditors: Amounts Falling Due After More Than One Year 8 (36,444 ) (25,646 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 - (846 )
NET LIABILITIES (53,351 ) (99,539 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (53,352 ) (99,540 )
SHAREHOLDERS' FUNDS (53,351) (99,539)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Nicholas Handslip
Director
11th October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Franklin Project Management Ltd Registered number 05346653 is a limited by shares company incorporated in England & Wales. The Registered Office is 16 City Business Centre, Hyde Street, Winchester, Hampshire, SO23 7TA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. 
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the new Company website development It is amortised to profit and loss account over its estimated economic life of five years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% straight line, actual days
Computer Equipment 3 years, actual days
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 years 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.
2.7. 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Intangible Assets
Other
£
Cost
As at 1 February 2023 1,588
As at 31 January 2024 1,588
Amortisation
As at 1 February 2023 1,328
Provided during the period 108
As at 31 January 2024 1,436
Net Book Value
As at 31 January 2024 152
As at 1 February 2023 260
Intangible Fixed Assets relates to the new Company website in development.
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 3,344 10,987 14,331
Additions - 1,770 1,770
As at 31 January 2024 3,344 12,757 16,101
Depreciation
As at 1 February 2023 2,906 7,214 10,120
Provided during the period 114 2,161 2,275
As at 31 January 2024 3,020 9,375 12,395
Net Book Value
As at 31 January 2024 324 3,382 3,706
As at 1 February 2023 438 3,773 4,211
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,880 20,593
Prepayments and accrued income 19,658 5,506
Other debtors 4,649 3,058
Corporation tax recoverable assets 828 3,405
Director's loan account - 315
44,015 32,877
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,627 18,225
Bank loans and overdrafts 14,300 29,764
Other loans - 341
Corporation tax 14,050 (991 )
Other taxes and social security 11,731 17,488
VAT 10,088 28,426
Other creditors 839 179
Accruals and deferred income 3,030 17,710
Director's loan account 123 -
64,788 111,142
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 36,444 25,646
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences - 846
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 4,654 5,294
Later than one year and not later than five years 3,775 8,239
8,429 13,533
12. Pension Commitments
The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2024 - £102 (2023 - £487) were due to the fund. They are included in Other Creditors.
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Page 6
13. Directors Advances, Credits and Guarantees
Included within the Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Nicholas Handslip 295 409 704 - -
The above loan is unsecured, interest free and repayable on demand. Total interest charged in the financial year 2024 - £NIL (2023 - £NIL). 
14. Ultimate Controlling Party
The company's ultimate controlling party is Nicholas Handslip by virtue of his ownership of 100% of the issued share capital in the company.
Page 6