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 04564012 Mr D. Lewis Mr D. Lewis true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04564012 2023-03-31 04564012 2024-03-31 04564012 2023-04-01 2024-03-31 04564012 frs-core:CurrentFinancialInstruments 2024-03-31 04564012 frs-core:ComputerEquipment 2024-03-31 04564012 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04564012 frs-core:ComputerEquipment 2023-03-31 04564012 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 04564012 frs-core:FurnitureFittings 2024-03-31 04564012 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04564012 frs-core:FurnitureFittings 2023-03-31 04564012 frs-core:ShareCapital 2024-03-31 04564012 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04564012 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04564012 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04564012 frs-bus:SmallEntities 2023-04-01 2024-03-31 04564012 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04564012 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04564012 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04564012 frs-bus:OrdinaryShareClass1 2024-03-31 04564012 1 2023-04-01 2024-03-31 04564012 frs-bus:Director1 2023-04-01 2024-03-31 04564012 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04564012 frs-countries:EnglandWales 2023-04-01 2024-03-31 04564012 2022-03-31 04564012 2023-03-31 04564012 2022-04-01 2023-03-31 04564012 frs-core:CurrentFinancialInstruments 2023-03-31 04564012 frs-core:ShareCapital 2023-03-31 04564012 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04564012 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 04564012
PMi Consult Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04564012
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 15,934 28,855
Cash at bank and in hand 17,610 12,933
33,544 41,788
Creditors: Amounts Falling Due Within One Year 6 (19,648 ) (18,146 )
NET CURRENT ASSETS (LIABILITIES) 13,896 23,642
TOTAL ASSETS LESS CURRENT LIABILITIES 13,896 23,642
NET ASSETS 13,896 23,642
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 12,896 22,642
SHAREHOLDERS' FUNDS 13,896 23,642
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.
The financial statements were approved by the board of directors on 8 November 2024 and were signed on its behalf by:
Mr D. Lewis
Director
08/11/2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
PMi Consult Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04564012 . The registered office is 1 Moat Close, Prestwood, Great Missenden, Buckinghamshire, H16 9BX.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
The company controls a number of domain names for which the acquisition costs are written off as incurred,
and therefore, these are not recognised in the company's fixed assets.
2.4. 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:
Fixtures & Fittings 33.33%
Computer Equipment 33.33%
2.5. 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.
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 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.
2.7. Consolidation
The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the exemption provided in section 398 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 - 1
2022 - 1
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,076 3,691 5,767
As at 31 March 2024 2,076 3,691 5,767
Depreciation
As at 1 April 2023 2,076 3,691 5,767
As at 31 March 2024 2,076 3,691 5,767
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,117 28,138
Prepayments and accrued income 717 717
Amounts owed by group undertakings 100 -
15,934 28,855
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,773 10,600
Corporation tax 1,169 822
VAT 6,547 6,179
Other creditors 959 345
Accruals and deferred income 200 200
19,648 18,146
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1 each 1,000 1,000
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8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 13,000 69,919
13,000 69,919
Dividend was declared for 2022
9. Related Party Transactions
10. Ultimate Controlling Party
The company is a wholly owned subsidiary of PMi Global Holdings Limited. D J W Lewis and P C Lewis control PMi Global Holdings Limited by virtue of their 100% share holding in that company.
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