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 03405785 Mr Levi Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03405785 2023-03-31 03405785 2024-03-31 03405785 2023-04-01 2024-03-31 03405785 frs-core:CurrentFinancialInstruments 2024-03-31 03405785 frs-core:Non-currentFinancialInstruments 2024-03-31 03405785 frs-core:BetweenOneFiveYears 2024-03-31 03405785 frs-core:FurnitureFittings 2024-03-31 03405785 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03405785 frs-core:FurnitureFittings 2023-03-31 03405785 frs-core:MotorVehicles 2024-03-31 03405785 frs-core:MotorVehicles 2023-04-01 2024-03-31 03405785 frs-core:MotorVehicles 2023-03-31 03405785 frs-core:PlantMachinery 2024-03-31 03405785 frs-core:PlantMachinery 2023-04-01 2024-03-31 03405785 frs-core:PlantMachinery 2023-03-31 03405785 frs-core:WithinOneYear 2024-03-31 03405785 frs-core:CapitalRedemptionReserve 2024-03-31 03405785 frs-core:ShareCapital 2024-03-31 03405785 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03405785 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03405785 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03405785 frs-bus:SmallEntities 2023-04-01 2024-03-31 03405785 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03405785 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03405785 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 03405785 frs-bus:OrdinaryShareClass2 2024-03-31 03405785 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 03405785 frs-bus:OrdinaryShareClass3 2024-03-31 03405785 frs-bus:Director1 2023-04-01 2024-03-31 03405785 frs-bus:Director1 2023-03-31 03405785 frs-bus:Director1 2024-03-31 03405785 frs-countries:EnglandWales 2023-04-01 2024-03-31 03405785 2022-03-31 03405785 2023-03-31 03405785 2022-04-01 2023-03-31 03405785 frs-core:CurrentFinancialInstruments 2023-03-31 03405785 frs-core:Non-currentFinancialInstruments 2023-03-31 03405785 frs-core:BetweenOneFiveYears 2023-03-31 03405785 frs-core:WithinOneYear 2023-03-31 03405785 frs-core:CapitalRedemptionReserve 2023-03-31 03405785 frs-core:ShareCapital 2023-03-31 03405785 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03405785 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 03405785 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31
Registered number: 03405785
Prelude Stone Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03405785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,586 20,630
21,586 20,630
CURRENT ASSETS
Stocks 5 68,271 60,690
Debtors 6 405,987 530,699
Cash at bank and in hand 120,046 278,545
594,304 869,934
Creditors: Amounts Falling Due Within One Year 7 (60,585 ) (137,490 )
NET CURRENT ASSETS (LIABILITIES) 533,719 732,444
TOTAL ASSETS LESS CURRENT LIABILITIES 555,305 753,074
Creditors: Amounts Falling Due After More Than One Year 8 (65,816 ) (80,847 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,398 ) (3,920 )
NET ASSETS 484,091 668,307
CAPITAL AND RESERVES
Called up share capital 10 50 50
Capital redemption reserve 50 50
Profit and Loss Account 483,991 668,207
SHAREHOLDERS' FUNDS 484,091 668,307
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Levi Evans
Director
19th December 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
Prelude Stone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03405785 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover includes the appropriate value of work done on long term contracts. Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provision for contingencies and anticipated future loses on contracts, less amounts received as progress payments on account. Excess progress payments and provisions for foreseeable losses are included within creditors.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% straight line
2.4. 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.
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. 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 as follows:
2024 2023
Office and administration 4 6
4 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 32,761 11,075 13,193 57,029
Additions 1,723 4,455 - 6,178
As at 31 March 2024 34,484 15,530 13,193 63,207
Depreciation
As at 1 April 2023 23,649 7,474 5,276 36,399
Provided during the period 2,632 1,271 1,319 5,222
As at 31 March 2024 26,281 8,745 6,595 41,621
Net Book Value
As at 31 March 2024 8,203 6,785 6,598 21,586
As at 1 April 2023 9,112 3,601 7,917 20,630
5. Stocks
2024 2023
£ £
Finished goods 10,000 10,000
Work in progress 58,271 50,690
68,271 60,690
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 117,161 208,615
Amounts recoverable on contracts 75,068 137,984
Prepayments and accrued income 13,732 14,273
Other debtors 175,157 145,319
381,118 506,191
Due after more than one year
Other debtors 24,869 24,508
405,987 530,699
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,028 66,602
Bank loans and overdrafts 15,277 13,426
Corporation tax 410 29,149
Other taxes and social security 3,916 6,432
Other creditors 57 35
Accruals and deferred income 12,897 21,846
60,585 137,490
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 65,816 80,847
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 81,093 94,273
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
40 Ordinary A shares of £ 1.000 each 40 40
10 Ordinary B shares of £ 1.000 each 10 10
50 50
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 36,642 33,145
Later than one year and not later than five years 128,083 13,126
164,725 46,271
12. Pension Commitments
The company operates a defined contribution pension scheme for is staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £57 (2023 : £35) were due to the fund and included in Other Creditors.
13. 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
£ £ £ £ £
Mr Levi Evans 75,410 138,039 (98,000 ) - 115,449
The above loan is unsecured, interest free and repayable on demand.
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