Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06533820 Dr P Rangi Mrs M Rangi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06533820 2023-03-31 06533820 2024-03-31 06533820 2023-04-01 2024-03-31 06533820 frs-core:CurrentFinancialInstruments 2024-03-31 06533820 frs-core:Non-currentFinancialInstruments 2024-03-31 06533820 frs-core:ComputerEquipment 2024-03-31 06533820 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06533820 frs-core:ComputerEquipment 2023-03-31 06533820 frs-core:FurnitureFittings 2024-03-31 06533820 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06533820 frs-core:FurnitureFittings 2023-03-31 06533820 frs-core:PlantMachinery 2024-03-31 06533820 frs-core:PlantMachinery 2023-04-01 2024-03-31 06533820 frs-core:PlantMachinery 2023-03-31 06533820 frs-core:ShareCapital 2024-03-31 06533820 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06533820 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06533820 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06533820 frs-bus:SmallEntities 2023-04-01 2024-03-31 06533820 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06533820 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06533820 frs-core:UnlistedNon-exchangeTraded 2024-03-31 06533820 frs-core:UnlistedNon-exchangeTraded 2023-03-31 06533820 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 06533820 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 06533820 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 06533820 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 06533820 frs-bus:Director1 2023-04-01 2024-03-31 06533820 frs-bus:Director1 2023-03-31 06533820 frs-bus:Director1 2024-03-31 06533820 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06533820 frs-countries:EnglandWales 2023-04-01 2024-03-31 06533820 2022-03-31 06533820 2023-03-31 06533820 2022-04-01 2023-03-31 06533820 frs-core:CurrentFinancialInstruments 2023-03-31 06533820 frs-core:Non-currentFinancialInstruments 2023-03-31 06533820 frs-core:ShareCapital 2023-03-31 06533820 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06533820
PS Rangi Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06533820
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,302 3,873
Investments 5 299,870 299,870
302,172 303,743
CURRENT ASSETS
Debtors 6 57,001 32,903
Cash at bank and in hand 53,833 87,792
110,834 120,695
Creditors: Amounts Falling Due Within One Year 7 (92,342 ) (74,951 )
NET CURRENT ASSETS (LIABILITIES) 18,492 45,744
TOTAL ASSETS LESS CURRENT LIABILITIES 320,664 349,487
Creditors: Amounts Falling Due After More Than One Year 8 (15,853 ) (25,548 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (161 ) (736 )
NET ASSETS 304,650 323,203
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 304,550 323,103
SHAREHOLDERS' FUNDS 304,650 323,203
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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 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 Income Statement.
On behalf of the board
Dr P Rangi
Director
17/11/2024
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
PS Rangi Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06533820 . The registered office is 18 Bedford Road, Northwood, Middlesex, HA6 2AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on straight line
Fixtures & Fittings 15% on straight line
Computer Equipment 33.33% on straight line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred Tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.7. Investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.9. Critical Accounting Judgements and Key Sources of Estimation Uncertainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates arerecognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 8,025 2,228 10,951 21,204
Additions - 250 1,248 1,498
As at 31 March 2024 8,025 2,478 12,199 22,702
Depreciation
As at 1 April 2023 8,025 1,540 7,766 17,331
Provided during the period - 319 2,750 3,069
As at 31 March 2024 8,025 1,859 10,516 20,400
Net Book Value
As at 31 March 2024 - 619 1,683 2,302
As at 1 April 2023 - 688 3,185 3,873
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5. Investments
Unlisted
£
Cost
As at 1 April 2023 299,870
As at 31 March 2024 299,870
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 299,870
As at 1 April 2023 299,870
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 21,695
Prepayments and accrued income 6,845 6,717
Other debtors - 4,488
Other taxes and social security 3 3
Director's loan account 50,153 -
57,001 32,903
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 9,694 9,455
Corporation tax 81,505 59,813
Accruals and deferred income 1,143 4,488
Director's loan account - 1,195
92,342 74,951
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,853 25,548
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 161 736
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end there are 55 Ordinary shares, 25 Ordinary A shares and 20 Ordinary B shares in issue
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Dr P S Rangi (1,195 ) 153,864 (102,516 ) - 50,153
The above ouststanding amount will be repaid back to the company within nine months of the year end.
12. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 261,973 213,500
13. Related Party Transactions
As at the year-end, the directors' loan account balance of Dr P S Rangi  (the sole director and shareholder of the company) is £50,153. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. The above outstanding amount will be repaid back to the company within nine months of the year-end.
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