Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05878173 Mr Steven Parkinson Mrs Heather Parkinson Mr Daniel Parkinson Mrs Heather Parkinson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05878173 2023-03-31 05878173 2024-03-31 05878173 2023-04-01 2024-03-31 05878173 frs-core:CurrentFinancialInstruments 2024-03-31 05878173 frs-core:ComputerEquipment 2024-03-31 05878173 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05878173 frs-core:ComputerEquipment 2023-03-31 05878173 frs-core:MotorVehicles 2024-03-31 05878173 frs-core:MotorVehicles 2023-04-01 2024-03-31 05878173 frs-core:MotorVehicles 2023-03-31 05878173 frs-core:PlantMachinery 2024-03-31 05878173 frs-core:PlantMachinery 2023-04-01 2024-03-31 05878173 frs-core:PlantMachinery 2023-03-31 05878173 frs-core:ShareCapital 2024-03-31 05878173 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05878173 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05878173 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05878173 frs-bus:SmallEntities 2023-04-01 2024-03-31 05878173 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05878173 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05878173 1 2023-04-01 2024-03-31 05878173 frs-bus:Director1 2023-04-01 2024-03-31 05878173 frs-bus:Director2 2023-04-01 2024-03-31 05878173 frs-bus:Director3 2023-04-01 2024-03-31 05878173 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05878173 frs-countries:EnglandWales 2023-04-01 2024-03-31 05878173 2022-03-31 05878173 2023-03-31 05878173 2022-04-01 2023-03-31 05878173 frs-core:CurrentFinancialInstruments 2023-03-31 05878173 frs-core:ShareCapital 2023-03-31 05878173 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05878173
Pembury Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05878173
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,657 8,802
12,657 8,802
CURRENT ASSETS
Debtors 5 37,013 8,042
Cash at bank and in hand 20,752 28,018
57,765 36,060
Creditors: Amounts Falling Due Within One Year 6 (31,125 ) (33,365 )
NET CURRENT ASSETS (LIABILITIES) 26,640 2,695
TOTAL ASSETS LESS CURRENT LIABILITIES 39,297 11,497
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (2,153 ) (2,168 )
NET ASSETS 37,144 9,329
CAPITAL AND RESERVES
Called up share capital 8 17 17
Profit and Loss Account 37,127 9,312
SHAREHOLDERS' FUNDS 37,144 9,329
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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 Parkinson
Director
09/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pembury Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05878173 . The registered office is 46 Pine Close, Ingatestone, Essex, CM4 9EG.
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
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services 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 revenue can be measured reliably;
  • 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 measure reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
2.3. 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%
Motor Vehicles 25%
Computer Equipment 33%
2.4. Leasing and Hire Purchase Contracts
Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
2.5. Taxation
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the balance sheet date, except that:
  • The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
  • Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 30,452 1,000 - 31,452
Additions 3,924 - 4,830 8,754
As at 31 March 2024 34,376 1,000 4,830 40,206
Depreciation
As at 1 April 2023 22,505 145 - 22,650
Provided during the period 4,685 214 - 4,899
As at 31 March 2024 27,190 359 - 27,549
Net Book Value
As at 31 March 2024 7,186 641 4,830 12,657
As at 1 April 2023 7,947 855 - 8,802
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 36,274 9,000
Other debtors 739 (958)
37,013 8,042
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,774 2
Other creditors 1,278 22,928
Taxation and social security 25,073 10,435
31,125 33,365
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
7. Deferred Taxation
2024 2023
£ £
Other timing differences 2,153 2,168
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 17 17
9. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 39,500 12,000
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
11. Ultimate Controlling Party
The controlling party was Steven John Parkinson due to his majority shareholding.
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