Acorah Software Products - Accounts Production 14.5.601 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08965109 Mr Daniel Crossland Mrs Emma Crossland Daniel and Emma Crossland true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08965109 2023-03-31 08965109 2024-03-31 08965109 2023-04-01 2024-03-31 08965109 frs-core:CurrentFinancialInstruments 2024-03-31 08965109 frs-core:Non-currentFinancialInstruments 2024-03-31 08965109 frs-core:BetweenOneFiveYears 2024-03-31 08965109 frs-core:ComputerEquipment 2024-03-31 08965109 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08965109 frs-core:ComputerEquipment 2023-03-31 08965109 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 08965109 frs-core:FurnitureFittings 2024-03-31 08965109 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08965109 frs-core:FurnitureFittings 2023-03-31 08965109 frs-core:MotorVehicles 2024-03-31 08965109 frs-core:MotorVehicles 2023-04-01 2024-03-31 08965109 frs-core:MotorVehicles 2023-03-31 08965109 frs-core:OtherResidualIntangibleAssets 2024-03-31 08965109 frs-core:OtherResidualIntangibleAssets 2023-03-31 08965109 frs-core:PlantMachinery 2024-03-31 08965109 frs-core:PlantMachinery 2023-04-01 2024-03-31 08965109 frs-core:PlantMachinery 2023-03-31 08965109 frs-core:WithinOneYear 2024-03-31 08965109 frs-core:ShareCapital 2024-03-31 08965109 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08965109 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08965109 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08965109 frs-bus:SmallEntities 2023-04-01 2024-03-31 08965109 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08965109 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08965109 1 2023-04-01 2024-03-31 08965109 frs-core:ListedExchangeTraded 2024-03-31 08965109 frs-core:ListedExchangeTraded 2023-03-31 08965109 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 08965109 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 08965109 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 08965109 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 08965109 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 08965109 frs-bus:Director1 2023-04-01 2024-03-31 08965109 frs-bus:Director2 2023-04-01 2024-03-31 08965109 frs-core:CurrentFinancialInstruments 2 2024-03-31 08965109 frs-core:CurrentFinancialInstruments 3 2024-03-31 08965109 frs-core:CurrentFinancialInstruments 4 2024-03-31 08965109 frs-countries:EnglandWales 2023-04-01 2024-03-31 08965109 2022-03-31 08965109 2023-03-31 08965109 2022-04-01 2023-03-31 08965109 frs-core:CurrentFinancialInstruments 2023-03-31 08965109 frs-core:Non-currentFinancialInstruments 2023-03-31 08965109 frs-core:BetweenOneFiveYears 2023-03-31 08965109 frs-core:WithinOneYear 2023-03-31 08965109 frs-core:ShareCapital 2023-03-31 08965109 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08965109 frs-core:CurrentFinancialInstruments 2 2023-03-31 08965109 frs-core:CurrentFinancialInstruments 3 2023-03-31 08965109 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: 08965109
Photon Project Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08965109
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,067 5,067
Tangible Assets 5 460,548 288,497
Investments 6 5,000 -
470,615 293,564
CURRENT ASSETS
Stocks 7 662,256 510,271
Debtors 8 431,397 322,604
Cash at bank and in hand 46,623 93,688
1,140,276 926,563
Creditors: Amounts Falling Due Within One Year 9 (1,112,547 ) (878,881 )
NET CURRENT ASSETS (LIABILITIES) 27,729 47,682
TOTAL ASSETS LESS CURRENT LIABILITIES 498,344 341,246
Creditors: Amounts Falling Due After More Than One Year 10 (302,161 ) (319,241 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (55,861 ) (9,569 )
NET ASSETS 140,322 12,436
CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Profit and Loss Account 139,322 11,436
SHAREHOLDERS' FUNDS 140,322 12,436
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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
Mr Daniel Crossland
Director
22/10/2024
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
Photon Project Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08965109 . The registered office is 12 Cimla Road, Neath, SA11 3PP.
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 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are monetary assets held in cryptocurrency assets. It is not amortised to profit and loss account over its estimated economic life, but revalued at market value with changes in fair value recognised in the profit and loss account.

2.5. 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 33% Straight line & 25% Reducing Balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Straight line
Computer Equipment 33% Straight line
2.6. 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.
2.7. 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.
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2.8. 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.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 16)
21 16
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 5,067
As at 31 March 2024 5,067
Net Book Value
As at 31 March 2024 5,067
As at 1 April 2023 5,067
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 3,403 340,568 23,865 21,767 389,603
Additions 161,322 112,853 - 3,723 277,898
Disposals - (12,000 ) - - (12,000 )
As at 31 March 2024 164,725 441,421 23,865 25,490 655,501
...CONTINUED
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Page 5
Depreciation
As at 1 April 2023 1,882 78,985 8,694 11,545 101,106
Provided during the period 11,139 72,258 4,296 6,154 93,847
As at 31 March 2024 13,021 151,243 12,990 17,699 194,953
Net Book Value
As at 31 March 2024 151,704 290,178 10,875 7,791 460,548
As at 1 April 2023 1,521 261,583 15,171 10,222 288,497
6. Investments
Listed
£
Cost
As at 1 April 2023 -
Additions 5,000
As at 31 March 2024 5,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 5,000
As at 1 April 2023 -
7. Stocks
2024 2023
£ £
Stock 662,256 510,271
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 317,486 182,531
Prepayments and accrued income 2,976 5,011
VAT 110,215 134,582
430,677 322,124
Due after more than one year
Amounts owed by other participating interests 720 480
431,397 322,604
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 54,892 55,213
Trade creditors 532,608 559,355
Bank loans and overdrafts 5,000 5,000
Corporation tax 5,215 -
Other taxes and social security 78,731 46,663
Net wages 7,707 -
Other creditors 176,419 82,400
Other creditors (2) 50,815 43,241
Pension creditor 2,077 2,764
Credit card creditors 123,030 -
Accrued expenses - 2,605
Directors' loan accounts 76,053 81,640
1,112,547 878,881
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 196,328 207,126
Bank loans 105,833 110,833
Accruals and deferred income - 1,282
302,161 319,241
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 54,892 55,213
Later than one year and not later than five years 196,328 207,126
251,220 262,339
251,220 262,339
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
13. Related Party Transactions
As at balance sheet date, the company owed the directors £76,059 (2023 : £81,640)
The Director of Photon Project Management Limited are also director's of Greener Renewables Solutions Limited.
At the year end, Greener Renewables Solutions Limited owed Photon Project Management Limited £720 (2023 : £480).
14. Ultimate Controlling Party
The company's ultimate controlling party is Daniel and Emma Crossland by virtue of their ownership of 100% of the issued share capital in the company.
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