Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11301619 Mr Peter Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11301619 2023-03-31 11301619 2024-03-31 11301619 2023-04-01 2024-03-31 11301619 frs-core:CurrentFinancialInstruments 2024-03-31 11301619 frs-core:Non-currentFinancialInstruments 2024-03-31 11301619 frs-core:ComputerEquipment 2024-03-31 11301619 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11301619 frs-core:ComputerEquipment 2023-03-31 11301619 frs-core:MotorVehicles 2024-03-31 11301619 frs-core:MotorVehicles 2023-04-01 2024-03-31 11301619 frs-core:MotorVehicles 2023-03-31 11301619 frs-core:PlantMachinery 2024-03-31 11301619 frs-core:PlantMachinery 2023-04-01 2024-03-31 11301619 frs-core:PlantMachinery 2023-03-31 11301619 frs-core:ShareCapital 2024-03-31 11301619 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11301619 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11301619 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11301619 frs-bus:SmallEntities 2023-04-01 2024-03-31 11301619 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11301619 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11301619 frs-bus:Director1 2023-04-01 2024-03-31 11301619 frs-core:Non-currentFinancialInstruments 1 2024-03-31 11301619 frs-countries:EnglandWales 2023-04-01 2024-03-31 11301619 2022-03-31 11301619 2023-03-31 11301619 2022-04-01 2023-03-31 11301619 frs-core:CurrentFinancialInstruments 2023-03-31 11301619 frs-core:Non-currentFinancialInstruments 2023-03-31 11301619 frs-core:ShareCapital 2023-03-31 11301619 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11301619 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: 11301619
P & L Restoration Services Ltd
Financial Statements
For The Year Ended 31 March 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11301619
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 88,928 76,119
88,928 76,119
CURRENT ASSETS
Debtors 5 - 1,856
Cash at bank and in hand 67,426 55,080
67,426 56,936
Creditors: Amounts Falling Due Within One Year 6 (72,294 ) (62,381 )
NET CURRENT ASSETS (LIABILITIES) (4,868 ) (5,445 )
TOTAL ASSETS LESS CURRENT LIABILITIES 84,060 70,674
Creditors: Amounts Falling Due After More Than One Year 7 (14,706 ) (22,533 )
NET ASSETS 69,354 48,141
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 69,254 48,041
SHAREHOLDERS' FUNDS 69,354 48,141
Page 1
Page 2
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 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 Peter Turner
Director
21 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
P & L Restoration Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11301619 . The registered office is The Office, 41 Upper Wickham Lane, Welling, DA16 3AD.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 9)
12 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 94,339 47,012 4,949 146,300
Additions 12,242 26,995 3,610 42,847
Disposals - (1,667 ) - (1,667 )
As at 31 March 2024 106,581 72,340 8,559 187,480
Depreciation
As at 1 April 2023 47,828 19,913 2,440 70,181
Provided during the period 14,688 13,424 1,530 29,642
Disposals - (1,271 ) - (1,271 )
As at 31 March 2024 62,516 32,066 3,970 98,552
Net Book Value
As at 31 March 2024 44,065 40,274 4,589 88,928
As at 1 April 2023 46,511 27,099 2,509 76,119
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
VAT - 1,856
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,061 10,200
Bank loans and overdrafts 8,228 8,628
Corporation tax 11,829 2,338
Other taxes and social security 2,937 1,061
VAT 3,805 -
Other creditors 4,965 2,304
Accruals and deferred income 3,500 3,500
Director's loan account 34,969 34,350
72,294 62,381
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank Loan 14,706 22,533
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 37,600 37,600
Page 4