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 07518088 A Schlagowski T Kretzer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07518088 2023-03-31 07518088 2024-03-31 07518088 2023-04-01 2024-03-31 07518088 frs-core:CurrentFinancialInstruments 2024-03-31 07518088 frs-core:BetweenOneFiveYears 2024-03-31 07518088 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07518088 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07518088 frs-core:PlantMachinery 2024-03-31 07518088 frs-core:PlantMachinery 2023-04-01 2024-03-31 07518088 frs-core:PlantMachinery 2023-03-31 07518088 frs-core:WithinOneYear 2024-03-31 07518088 frs-core:ShareCapital 2024-03-31 07518088 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07518088 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07518088 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07518088 frs-bus:SmallEntities 2023-04-01 2024-03-31 07518088 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07518088 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07518088 frs-bus:Director1 2023-04-01 2024-03-31 07518088 frs-bus:Director2 2023-04-01 2024-03-31 07518088 frs-countries:EnglandWales 2023-04-01 2024-03-31 07518088 2022-03-31 07518088 2023-03-31 07518088 2022-04-01 2023-03-31 07518088 frs-core:CurrentFinancialInstruments 2023-03-31 07518088 frs-core:BetweenOneFiveYears 2023-03-31 07518088 frs-core:WithinOneYear 2023-03-31 07518088 frs-core:ShareCapital 2023-03-31 07518088 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07518088
Task PR Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07518088
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,370 9,485
4,370 9,485
CURRENT ASSETS
Debtors 5 168,033 250,485
Cash at bank and in hand 309,336 407,260
477,369 657,745
Creditors: Amounts Falling Due Within One Year 6 (230,073 ) (323,262 )
NET CURRENT ASSETS (LIABILITIES) 247,296 334,483
TOTAL ASSETS LESS CURRENT LIABILITIES 251,666 343,968
NET ASSETS 251,666 343,968
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 251,566 343,868
SHAREHOLDERS' FUNDS 251,666 343,968
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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 Income Statement.
On behalf of the board
T Kretzer
Director
21 December 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
Task PR Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07518088 . The registered office is 28 Minchenden Crescent, London, N14 7EL.
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. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In preparing these financial statements the directors have made the following judgements:
- Determined that the accounting policies in place in respect of turnover recognition and measurement are reasonable.
- Assessed the recoverability of trade debtors for any provisions or impairment.
2.3. Turnover
Turnover is recognised the the extent that is it probable the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes.
Turnover is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of the turnover can be reliably measured;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be reliably measured.
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:
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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
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 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 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 assets reflect 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 income statement 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: 15 (2023: 16)
15 16
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 33,809
Additions 1,037
As at 31 March 2024 34,846
Depreciation
As at 1 April 2023 24,324
Provided during the period 6,152
As at 31 March 2024 30,476
Net Book Value
As at 31 March 2024 4,370
As at 1 April 2023 9,485
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 138,188 220,499
Amounts owed by participating interests 25,508 25,208
Other debtors 4,337 4,778
168,033 250,485
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,896 25,143
Other creditors 123,410 181,832
Taxation and social security 88,767 116,287
230,073 323,262
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 75,000 75,000
Later than one year and not later than five years 133,356 208,356
208,356 283,356
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