Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10780316 Mr M W Stevenson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10780316 2023-05-31 10780316 2024-05-31 10780316 2023-06-01 2024-05-31 10780316 frs-core:CurrentFinancialInstruments 2024-05-31 10780316 frs-core:ComputerEquipment 2024-05-31 10780316 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10780316 frs-core:ComputerEquipment 2023-05-31 10780316 frs-core:FurnitureFittings 2024-05-31 10780316 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10780316 frs-core:FurnitureFittings 2023-05-31 10780316 frs-core:ShareCapital 2024-05-31 10780316 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10780316 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10780316 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10780316 frs-bus:SmallEntities 2023-06-01 2024-05-31 10780316 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10780316 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10780316 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 10780316 frs-bus:OrdinaryShareClass1 2024-05-31 10780316 frs-bus:OrdinaryShareClass2 2023-06-01 2024-05-31 10780316 frs-bus:OrdinaryShareClass2 2024-05-31 10780316 frs-bus:Director1 2023-06-01 2024-05-31 10780316 frs-bus:Director1 2023-05-31 10780316 frs-bus:Director1 2024-05-31 10780316 frs-countries:EnglandWales 2023-06-01 2024-05-31 10780316 2022-05-31 10780316 2023-05-31 10780316 2022-06-01 2023-05-31 10780316 frs-core:CurrentFinancialInstruments 2023-05-31 10780316 frs-core:ShareCapital 2023-05-31 10780316 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10780316 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31 10780316 frs-bus:OrdinaryShareClass2 2022-06-01 2023-05-31
Registered number: 10780316
Platform 6 Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10780316
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 506 786
506 786
CURRENT ASSETS
Debtors 5 582,022 311,001
Cash at bank and in hand 676,688 742,174
1,258,710 1,053,175
Creditors: Amounts Falling Due Within One Year 6 (146,631 ) (155,685 )
NET CURRENT ASSETS (LIABILITIES) 1,112,079 897,490
TOTAL ASSETS LESS CURRENT LIABILITIES 1,112,585 898,276
NET ASSETS 1,112,585 898,276
CAPITAL AND RESERVES
Called up share capital 7 105 100
Profit and Loss Account 1,112,480 898,176
SHAREHOLDERS' FUNDS 1,112,585 898,276
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Page 2
For the year ending 31 May 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 M W Stevenson
Director
26 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Platform 6 Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the probisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Permanent placements
When the outcome of a permanent placement of a candidate can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date on which the candidate commences employment.
Contract workers
When the outcome of services undertaken by contract workers can be estimated reliably, costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the time undertaken by the contract worker in that period.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 25% on reducing balance
Computer Equipment Straight line over 3 years
2.4. Foreign Currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
2.5. 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assesments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
...CONTINUED
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2.5. Taxation - continued
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 1,290 3,009 4,299
As at 31 May 2024 1,290 3,009 4,299
Depreciation
As at 1 June 2023 838 2,675 3,513
Provided during the period 113 167 280
As at 31 May 2024 951 2,842 3,793
Net Book Value
As at 31 May 2024 339 167 506
As at 1 June 2023 452 334 786
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,878 126,103
Prepayments and accrued income 6,519 7,011
Corporation tax recoverable assets 90,259 44,764
VAT 1,000 490
Director's loan account 476,366 132,633
582,022 311,001
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,391 37,979
Corporation tax 136,070 114,255
Other taxes and social security - 1,396
Accruals and deferred income 2,170 2,055
146,631 155,685
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7. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
5 Ordinary A shares of £ 1.00 each 5 -
105 -
Shares issued during the period: £
5 Ordinary A shares of £ 1.00 each 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Matthew Stevenson 132,633 538,626 194,893 - 476,366
Interest at a rate of 2.25% (2023 2.00% from 1 June 2022 to 5 April 2023 and then 2.25% thereafter) has been levied on the loan. The balance is repayable on demand.
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