Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 true 1 April 2023 31 March 2024 31 March 2024 6566351 Mrs Deborah Heslington true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6566351 2023-03-31 6566351 2024-03-31 6566351 2023-04-01 2024-03-31 6566351 frs-core:ComputerEquipment 2024-03-31 6566351 frs-core:ComputerEquipment 2023-04-01 2024-03-31 6566351 frs-core:ComputerEquipment 2023-03-31 6566351 frs-core:FurnitureFittings 2024-03-31 6566351 frs-core:FurnitureFittings 2023-04-01 2024-03-31 6566351 frs-core:FurnitureFittings 2023-03-31 6566351 frs-core:MotorVehicles 2023-04-01 2024-03-31 6566351 frs-core:PlantMachinery 2024-03-31 6566351 frs-core:PlantMachinery 2023-04-01 2024-03-31 6566351 frs-core:PlantMachinery 2023-03-31 6566351 frs-core:ShareCapital 2024-03-31 6566351 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 6566351 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 6566351 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 6566351 frs-bus:FullAccounts 2023-04-01 2024-03-31 6566351 frs-bus:SmallEntities 2023-04-01 2024-03-31 6566351 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 6566351 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 6566351 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-04-01 2024-03-31 6566351 1 2023-04-01 2024-03-31 6566351 frs-bus:Director1 2023-04-01 2024-03-31 6566351 frs-countries:EnglandWales 2023-04-01 2024-03-31 6566351 2022-03-31 6566351 2023-03-31 6566351 2022-04-01 2023-03-31 6566351 frs-core:ShareCapital 2022-03-31 6566351 frs-core:ShareCapital 2023-03-31 6566351 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 6566351 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 6566351 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 6566351
PLATINUM CIS LTD
Director's Report and
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Director's Report 2—3
Accountant's Report 4
Profit and Loss Account 5
Balance Sheet 6—7
Statement of Changes in Equity 8
Notes to the Financial Statements 9—12
Page 1
Company Information
Director Mrs Deborah Heslington
Company Number 6566351
Registered Office Apartment 1, The Firs
High Street
Whitchurch
Bucks
HP22 4JU
Accountants Platinum CIS Ltd
Apartment 1
The Firs, High Street
Whitchurch
Bucks
HP22 4JU
Page 1
Page 2
Director's Report
The director presents her report and the financial statements for the year ended 31 March 2024.
Principal Activity
The company's principal activity continues to be that of payroll in the construction industry and accountancy services.
Dividends
The director recommended an interim dividend of £11,650 .
Directors
The director who held office during the year was as follows:
Mrs Deborah Heslington
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year.
Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 
Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
Page 3
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. 
Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs Deborah Heslington
Director
05/08/2024
Page 3
Page 4
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement.
Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. 
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. 
You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
C McCullough
05/08/2024
Platinum CIS Ltd
Apartment 1
The Firs, High Street
Whitchurch
Bucks
HP22 4JU
Page 4
Page 5
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 49,058 46,184
GROSS PROFIT 49,058 46,184
Administrative expenses (42,314 ) (37,354 )
OPERATING PROFIT 3 6,744 8,830
Other interest receivable and similar income 41 8
Interest payable and similar charges 7 (138 ) (216 )
PROFIT BEFORE TAXATION 6,647 8,622
Tax on Profit 8 (1,074 ) (1,673 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 5,573 6,949
The notes on pages 9 to 12 form part of these financial statements.
Page 5
Page 6
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 9 2,053 -
2,053 -
CURRENT ASSETS
Debtors 4,764 7,188
Cash at bank and in hand 3,656 16,769
8,420 23,957
Creditors: Amounts Falling Due Within One Year (8,847 ) (16,254 )
NET CURRENT ASSETS (LIABILITIES) (427 ) 7,703
TOTAL ASSETS LESS CURRENT LIABILITIES 1,626 7,703
NET ASSETS 1,626 7,703
CAPITAL AND RESERVES
Called up share capital 10 102 102
Profit and Loss Account 1,524 7,601
SHAREHOLDERS' FUNDS 1,626 7,703
Page 6
Page 7
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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Deborah Heslington
Director
05/08/2024
The notes on pages 9 to 12 form part of these financial statements.
Page 7
Page 8
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 102 4,952 5,054
Profit for the year and total comprehensive income - 6,949 6,949
Dividends paid - (4,300) (4,300)
As at 31 March 2023 and 1 April 2023 102 7,601 7,703
Profit for the year and total comprehensive income - 5,573 5,573
Dividends paid - (11,650) (11,650)
As at 31 March 2024 102 1,524 1,626
Page 8
Page 9
Notes to the Financial Statements
1. General Information
PLATINUM CIS LTD is a private company, limited by shares, 
incorporated in England & Wales, registered number 6566351
The registered office is 
Apartment 1, The Firs, High Street, Whitchurch, Bucks, HP22 4JU.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated 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 4 Years
Motor Vehicles 4 Years
Fixtures & Fittings 4 Years
Computer Equipment 2 Years
Page 9
Page 10
2.4. 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.
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.
2.5. 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. Operating Profit
The operating profit is stated after charging:
2024 2023
£ £
Bad debts 1,352 92
Depreciation of tangible fixed assets 1,514 -
4. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2024 2023
£ £
Wages and salaries 1,376 11,000
Social security costs - 49
Other pension costs 160 2,148
1,536 13,197
Page 10
Page 11
5. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
6. Director's remuneration
2024 2023
£ £
Emoluments - 11,000
Company contributions to money purchase pension schemes 160 2,148
160 13,148
8. Tax on Profit
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 19.0% 19.0% 1,074 1,673
Total tax charge for the period 1,074 1,673
2024 2023
£ £
Profit before tax 6,647 8,622
Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate) 1,074 1,673
Total tax charge for the period 1,074 1,673
9. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 3,279 4,345 1,086 8,710
Additions 197 1,233 2,025 3,455
Disposals (2,896 ) (3,963 ) (1,086 ) (7,945 )
As at 31 March 2024 580 1,615 2,025 4,220
...CONTINUED
Page 11
Page 12
Depreciation
As at 1 April 2023 3,279 4,345 1,086 8,710
Provided during the period 507 382 896 1,785
Disposals (3,279 ) (3,963 ) (1,086 ) (8,328 )
As at 31 March 2024 507 764 896 2,167
Net Book Value
As at 31 March 2024 73 851 1,129 2,053
As at 1 April 2023 - - - -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
11. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of her ownership of 100% of the issued share capital in the company.
Page 12