Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06507103 Mrs C A Airey Mrs J P Porter Mr P H Porter Mrs J P Porter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06507103 2023-04-30 06507103 2024-04-30 06507103 2023-05-01 2024-04-30 06507103 frs-core:CurrentFinancialInstruments 2024-04-30 06507103 frs-core:FurnitureFittings 2024-04-30 06507103 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06507103 frs-core:FurnitureFittings 2023-04-30 06507103 frs-core:MotorVehicles 2024-04-30 06507103 frs-core:MotorVehicles 2023-05-01 2024-04-30 06507103 frs-core:MotorVehicles 2023-04-30 06507103 frs-core:ShareCapital 2024-04-30 06507103 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06507103 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06507103 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06507103 frs-bus:SmallEntities 2023-05-01 2024-04-30 06507103 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06507103 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06507103 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 06507103 frs-bus:OrdinaryShareClass1 2024-04-30 06507103 frs-bus:OrdinaryShareClass2 2023-05-01 2024-04-30 06507103 frs-bus:OrdinaryShareClass2 2024-04-30 06507103 frs-bus:Director1 2023-05-01 2024-04-30 06507103 frs-bus:Director2 2023-05-01 2024-04-30 06507103 frs-bus:Director3 2023-05-01 2024-04-30 06507103 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06507103 frs-countries:EnglandWales 2023-05-01 2024-04-30 06507103 2022-04-30 06507103 2023-04-30 06507103 2022-05-01 2023-04-30 06507103 frs-core:CurrentFinancialInstruments 2023-04-30 06507103 frs-core:ShareCapital 2023-04-30 06507103 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 06507103 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30 06507103 frs-bus:OrdinaryShareClass2 2022-05-01 2023-04-30
Registered number: 06507103
Porter Press International Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06507103
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,524 12,322
12,524 12,322
CURRENT ASSETS
Stocks 164,770 173,412
Debtors 5 134,783 182,991
Cash at bank and in hand 379,296 395,774
678,849 752,177
Creditors: Amounts Falling Due Within One Year 6 (396,533 ) (438,793 )
NET CURRENT ASSETS (LIABILITIES) 282,316 313,384
TOTAL ASSETS LESS CURRENT LIABILITIES 294,840 325,706
NET ASSETS 294,840 325,706
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 294,740 325,606
SHAREHOLDERS' FUNDS 294,840 325,706
Page 1
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For the year ending 30 April 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 P H Porter
Director
28 January 2025
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
Porter Press International 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:
Sale of merchandise
Turnover from the sale of merchandise is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 
Motor Vehicles - 20% on reducing balance
Fixtures & Fittings - 15% on reducing balance
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 
2.5. Foreign Currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the sport exchange rate between the functional currency and the foreign currency at the date of the transaction.
2.6. 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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2.6. 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.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.8. 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: 7 (2023: 7)
7 7
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 20,450 5,985 26,435
Additions - 2,563 2,563
As at 30 April 2024 20,450 8,548 28,998
Depreciation
As at 1 May 2023 11,776 2,337 14,113
Provided during the period 1,735 626 2,361
As at 30 April 2024 13,511 2,963 16,474
Net Book Value
As at 30 April 2024 6,939 5,585 12,524
As at 1 May 2023 8,674 3,648 12,322
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 105,693 103,258
Prepayments and accrued income 1,090 64,073
Other debtors 419 447
Corporation tax recoverable assets 2,871 -
VAT 24,710 15,213
134,783 182,991
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 92,132 115,672
Corporation tax - 6,129
Other creditors 74,364 71,238
Accruals and deferred income 198,227 214,081
Directors' loan accounts 31,810 31,673
396,533 438,793
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
70 Ordinary Shares of £ 1.00 each 70 70
30 Ordinary A shares of £ 1.00 each 30 30
100 100
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