Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07483251 Mr David Langton Mr Imanol Echevarria Mr D Langton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07483251 2023-01-31 07483251 2024-01-31 07483251 2023-02-01 2024-01-31 07483251 frs-core:CurrentFinancialInstruments 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 2024-01-31 07483251 frs-core:BetweenOneFiveYears 2024-01-31 07483251 frs-core:ComputerEquipment 2024-01-31 07483251 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07483251 frs-core:ComputerEquipment 2023-01-31 07483251 frs-core:PlantMachinery 2024-01-31 07483251 frs-core:PlantMachinery 2023-02-01 2024-01-31 07483251 frs-core:PlantMachinery 2023-01-31 07483251 frs-core:WithinOneYear 2024-01-31 07483251 frs-core:SharePremium 2024-01-31 07483251 frs-core:ShareCapital 2024-01-31 07483251 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07483251 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07483251 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07483251 frs-bus:SmallEntities 2023-02-01 2024-01-31 07483251 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07483251 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07483251 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 07483251 frs-bus:OrdinaryShareClass1 2024-01-31 07483251 1 2023-02-01 2024-01-31 07483251 frs-bus:Director1 2023-02-01 2024-01-31 07483251 frs-bus:Director2 2023-02-01 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 1 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 2 2024-01-31 07483251 frs-core:CurrentFinancialInstruments 3 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 3 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 4 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 5 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 6 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 7 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 8 2024-01-31 07483251 frs-core:Non-currentFinancialInstruments 9 2024-01-31 07483251 frs-countries:EnglandWales 2023-02-01 2024-01-31 07483251 2022-01-31 07483251 2023-01-31 07483251 2022-02-01 2023-01-31 07483251 frs-core:CurrentFinancialInstruments 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 2023-01-31 07483251 frs-core:BetweenOneFiveYears 2023-01-31 07483251 frs-core:WithinOneYear 2023-01-31 07483251 frs-core:SharePremium 2023-01-31 07483251 frs-core:ShareCapital 2023-01-31 07483251 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 07483251 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31 07483251 frs-core:CurrentFinancialInstruments 1 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 1 2023-01-31 07483251 frs-core:CurrentFinancialInstruments 2 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 2 2023-01-31 07483251 frs-core:CurrentFinancialInstruments 3 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 3 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 4 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 5 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 6 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 7 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 8 2023-01-31 07483251 frs-core:Non-currentFinancialInstruments 9 2023-01-31
Registered number: 07483251
PXD Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
M C Accountants
Chartered Certified Accountants
19 Market Square
Sandbach
Cheshire
CW11 1AT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07483251
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,556 92,687
78,556 92,687
CURRENT ASSETS
Stocks 5 9,055 14,055
Debtors 6 160,322 175,139
Cash at bank and in hand 155 1,175
169,532 190,369
Creditors: Amounts Falling Due Within One Year 7 (233,929 ) (946,540 )
NET CURRENT ASSETS (LIABILITIES) (64,397 ) (756,171 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,159 (663,484 )
Creditors: Amounts Falling Due After More Than One Year 8 (1,219,143 ) (23,730 )
NET LIABILITIES (1,204,984 ) (687,214 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium account 120,000 120,000
Profit and Loss Account (1,325,084 ) (807,314 )
SHAREHOLDERS' FUNDS (1,204,984) (687,214)
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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.
On behalf of the board
Mr David Langton
Director
3rd June 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PXD Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07483251 . The registered office is Biosphere, Newcastle Helix, Newcastle Upon Tyne, NE4 5BX.
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 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 15% reducing balance
Computer Equipment 25% reducing balance
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 239,175 10,483 249,658
As at 31 January 2024 239,175 10,483 249,658
Depreciation
As at 1 February 2023 148,770 8,201 156,971
Provided during the period 13,560 571 14,131
As at 31 January 2024 162,330 8,772 171,102
Net Book Value
As at 31 January 2024 76,845 1,711 78,556
As at 1 February 2023 90,405 2,282 92,687
5. Stocks
2024 2023
£ £
Stock 9,055 14,055
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 151,839 141,008
Prepayments and accrued income 3,049 3,049
Other debtors 984 200
VAT 4,450 20,053
Other taxes and social security - 10,829
160,322 175,139
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,976 2,976
Bank loans and overdrafts 13,606 32,581
Corporation tax 1,362 1,362
Other taxes and social security 10,185 -
Other creditors 33,000 -
Other creditors - loans - 723,596
Net wages control - 2,661
Pension control 162 324
Accruals and deferred income 6,750 4,150
Directors' loan accounts 165,888 178,890
233,929 946,540
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 485 4,025
Bank loans 23,915 19,705
I Echevarria 303,900 -
M Timney 224,846 -
William Leech Charity 200,000 -
Price/Wilding 191,553 -
E Su 72,385 -
T Fellows 38,320 -
E Echevarria 35,960 -
Jameson 37,844 -
Mik Echevarria 25,689 -
J Nevelos 20,325 -
Howecroft/Patterson 18,922 -
...CONTINUED
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C Echevarria 10,714 -
J Echevarria 10,220 -
Mat Echevarria 4,065 -
1,219,143 23,730
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,976 2,976
Later than one year and not later than five years 485 4,025
3,461 7,001
3,461 7,001
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10,000 Ordinary Shares of £ 0.010 each 100 100
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Langton by virtue of his majority ownership of the issued share capital in the company.
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