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 05095688 Mr H Isaji Mrs S Isaji Mr H Isaji iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05095688 2023-04-30 05095688 2024-04-30 05095688 2023-05-01 2024-04-30 05095688 frs-core:CurrentFinancialInstruments 2024-04-30 05095688 frs-core:Non-currentFinancialInstruments 2024-04-30 05095688 frs-core:ComputerEquipment 2024-04-30 05095688 frs-core:ComputerEquipment 2023-05-01 2024-04-30 05095688 frs-core:ComputerEquipment 2023-04-30 05095688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 05095688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05095688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 05095688 frs-core:MotorVehicles 2024-04-30 05095688 frs-core:MotorVehicles 2023-05-01 2024-04-30 05095688 frs-core:MotorVehicles 2023-04-30 05095688 frs-core:RevaluationReserve 2023-04-30 05095688 frs-core:RevaluationReserve 2024-04-30 05095688 frs-core:ShareCapital 2024-04-30 05095688 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05095688 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05095688 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 05095688 frs-bus:SmallEntities 2023-05-01 2024-04-30 05095688 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05095688 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05095688 frs-bus:Director1 2023-05-01 2024-04-30 05095688 frs-bus:Director2 2023-05-01 2024-04-30 05095688 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 05095688 frs-countries:EnglandWales 2023-05-01 2024-04-30 05095688 2022-04-30 05095688 2023-04-30 05095688 2022-05-01 2023-04-30 05095688 frs-core:CurrentFinancialInstruments 2023-04-30 05095688 frs-core:Non-currentFinancialInstruments 2023-04-30 05095688 frs-core:RevaluationReserve 2023-04-30 05095688 frs-core:ShareCapital 2023-04-30 05095688 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 05095688
Ph Industrial Limited
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05095688
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 980,918 1,051,995
980,918 1,051,995
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 1,058,444 730,284
Investments 7 394,490 394,490
Cash at bank and in hand 74,477 132,565
1,537,411 1,267,339
Creditors: Amounts Falling Due Within One Year 8 (975,934 ) (772,917 )
NET CURRENT ASSETS (LIABILITIES) 561,477 494,422
TOTAL ASSETS LESS CURRENT LIABILITIES 1,542,395 1,546,417
Creditors: Amounts Falling Due After More Than One Year 9 (303,979 ) (328,620 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,829 ) (21,869 )
NET ASSETS 1,228,587 1,195,928
CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 484,649 484,649
Profit and Loss Account 743,838 711,179
SHAREHOLDERS' FUNDS 1,228,587 1,195,928
Page 1
Page 2
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 H Isaji
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
Ph Industrial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05095688 . The registered office is Sterling House, Outram's Wharf, Little Eaton, Derbyshire, DE21 5EL.
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:
Freehold 2% straight line
Motor Vehicles 25% straight line
Computer Equipment 33.3% 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.
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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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 1,145,926 135,635 1,516 1,283,077
Disposals - (57,000 ) - (57,000 )
As at 30 April 2024 1,145,926 78,635 1,516 1,226,077
Depreciation
As at 1 May 2023 181,407 48,159 1,516 231,082
Provided during the period 22,918 19,659 - 42,577
Disposals - (28,500 ) - (28,500 )
As at 30 April 2024 204,325 39,318 1,516 245,159
Net Book Value
As at 30 April 2024 941,601 39,317 - 980,918
As at 1 May 2023 964,519 87,476 - 1,051,995
5. Stocks
2024 2023
£ £
Stock 10,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 151,647 27,607
Prepayments and accrued income 280 281
Other debtors 906,517 702,396
1,058,444 730,284
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7. Current Asset Investments
2024 2023
£ £
Unlisted investments 394,490 394,490
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,880 26,880
Trade creditors 847,483 702,168
Bank loans and overdrafts - 12,924
Corporation tax 43,579 7,889
VAT 45,445 10,085
Accruals and deferred income 12,547 12,971
975,934 772,917
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 303,979 328,620
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 330,859 355,500
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Reserves
Revaluation Reserve
£
As at 1 May 2023 484,649
As at 30 April 2024 484,649
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