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 06149563 Richard Lowes Ian Shepherd Louise Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06149563 2023-03-31 06149563 2024-03-31 06149563 2023-04-01 2024-03-31 06149563 frs-core:CurrentFinancialInstruments 2024-03-31 06149563 frs-core:Non-currentFinancialInstruments 2024-03-31 06149563 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 06149563 frs-core:FurnitureFittings 2024-03-31 06149563 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06149563 frs-core:FurnitureFittings 2023-03-31 06149563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06149563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06149563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 06149563 frs-core:OtherResidualIntangibleAssets 2024-03-31 06149563 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 06149563 frs-core:OtherResidualIntangibleAssets 2023-03-31 06149563 frs-core:PlantMachinery 2024-03-31 06149563 frs-core:PlantMachinery 2023-04-01 2024-03-31 06149563 frs-core:PlantMachinery 2023-03-31 06149563 frs-core:CapitalRedemptionReserve 2024-03-31 06149563 frs-core:ShareCapital 2024-03-31 06149563 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06149563 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06149563 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06149563 frs-bus:SmallEntities 2023-04-01 2024-03-31 06149563 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06149563 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06149563 frs-bus:Director1 2023-04-01 2024-03-31 06149563 frs-bus:Director2 2023-04-01 2024-03-31 06149563 frs-bus:Director3 2023-04-01 2024-03-31 06149563 1 2023-04-01 2024-03-31 06149563 frs-countries:EnglandWales 2023-04-01 2024-03-31 06149563 2022-03-31 06149563 2023-03-31 06149563 2022-04-01 2023-03-31 06149563 frs-core:CurrentFinancialInstruments 2023-03-31 06149563 frs-core:Non-currentFinancialInstruments 2023-03-31 06149563 frs-core:CapitalRedemptionReserve 2023-03-31 06149563 frs-core:ShareCapital 2023-03-31 06149563 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06149563 1 2022-04-01 2023-03-31
Registered number: 06149563
Punch Creative Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06149563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,345 11,645
Tangible Assets 5 592,054 598,959
600,399 610,604
CURRENT ASSETS
Debtors 6 376,362 349,145
Cash at bank and in hand 166,344 292,123
542,706 641,268
Creditors: Amounts Falling Due Within One Year 7 (241,702 ) (265,590 )
NET CURRENT ASSETS (LIABILITIES) 301,004 375,678
TOTAL ASSETS LESS CURRENT LIABILITIES 901,403 986,282
Creditors: Amounts Falling Due After More Than One Year 8 (301,121 ) (349,569 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,000 ) (7,000 )
NET ASSETS 593,282 629,713
CAPITAL AND RESERVES
Called up share capital 307 307
Capital redemption reserve 1 1
Profit and Loss Account 592,974 629,405
SHAREHOLDERS' FUNDS 593,282 629,713
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 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
Louise Wright
Director
6 November 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
Punch Creative Limited is a private company, limited by shares, incorporated in England & Wales. The registered company number is 06149563 . The registered office is Longwood Hall 60 Bradford Road, Stanningley, Pudsey, West Yorkshire, England, LS28 6DX.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are made up of software expenses. Software expenses are measured at cost and are amortised to the profit and loss account over the estimated economic life of five years using the straight line method.
2.4. 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:
Freehold Not depreciated
Plant & machinery 25% straight line
Fixtures & fittings 20% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and 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.
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
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2.7. Foreign Currencies
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.
2.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
Deferred tax 
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.
Deferred tax is only adjusted if the change in the timing difference is material.
2.9. 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.
2.10. 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.
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3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 26 23
26 23
4. Intangible Assets
Software
£
Cost
As at 1 April 2023 16,500
As at 31 March 2024 16,500
Amortisation
As at 1 April 2023 4,855
Provided during the period 3,300
As at 31 March 2024 8,155
Net Book Value
As at 31 March 2024 8,345
As at 1 April 2023 11,645
5. Tangible Assets
Land & Property
Freehold Plant & machinery Fixtures & fittings Total
£ £ £ £
Cost
As at 1 April 2023 561,548 99,085 42,881 703,514
Additions - 4,943 4,297 9,240
As at 31 March 2024 561,548 104,028 47,178 712,754
Depreciation
As at 1 April 2023 - 75,362 29,193 104,555
Provided during the period - 11,695 4,450 16,145
As at 31 March 2024 - 87,057 33,643 120,700
Net Book Value
As at 31 March 2024 561,548 16,971 13,535 592,054
As at 1 April 2023 561,548 23,723 13,688 598,959
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 187,123 238,483
Amounts owed by group undertakings 130,242 83,830
Other debtors 58,997 26,832
376,362 349,145
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,107 14,193
Bank loans and overdrafts 67,176 60,946
Other creditors 14,446 37,324
Taxation and social security 141,973 153,127
241,702 265,590
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 301,121 349,569
9. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to a director. The balance at the year end was £34,440 (2023 - £936 Cr.)
The above loan is unsecured, interest has been charged at a rate of 2.25% and is repayable on demand.
10. Related Party Transactions
The total amount owed to a group undertaking is £130,242 (2023 :£83,830).
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