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 07225254 Mr Dananjaya Silva iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07225254 2023-04-30 07225254 2024-04-30 07225254 2023-05-01 2024-04-30 07225254 frs-core:CurrentFinancialInstruments 2024-04-30 07225254 frs-core:Non-currentFinancialInstruments 2024-04-30 07225254 frs-core:ComputerEquipment 2024-04-30 07225254 frs-core:ComputerEquipment 2023-05-01 2024-04-30 07225254 frs-core:ComputerEquipment 2023-04-30 07225254 frs-core:FurnitureFittings 2024-04-30 07225254 frs-core:FurnitureFittings 2023-05-01 2024-04-30 07225254 frs-core:FurnitureFittings 2023-04-30 07225254 frs-core:ShareCapital 2024-04-30 07225254 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07225254 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07225254 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07225254 frs-bus:SmallEntities 2023-05-01 2024-04-30 07225254 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07225254 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07225254 frs-bus:Director1 2023-05-01 2024-04-30 07225254 frs-countries:EnglandWales 2023-05-01 2024-04-30 07225254 2022-04-30 07225254 2023-04-30 07225254 2022-05-01 2023-04-30 07225254 frs-core:CurrentFinancialInstruments 2023-04-30 07225254 frs-core:Non-currentFinancialInstruments 2023-04-30 07225254 frs-core:ShareCapital 2023-04-30 07225254 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07225254
P.M.D. Ceylon Tea Merchants Limited
Unaudited 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: 07225254
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 547 432
547 432
CURRENT ASSETS
Stocks 5 4,500 4,500
Debtors 6 94,092 93,674
Cash at bank and in hand 1 1
98,593 98,175
Creditors: Amounts Falling Due Within One Year 7 (38,352 ) (31,072 )
NET CURRENT ASSETS (LIABILITIES) 60,241 67,103
TOTAL ASSETS LESS CURRENT LIABILITIES 60,788 67,535
Creditors: Amounts Falling Due After More Than One Year 8 (60,269 ) (67,353 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (115 ) (82 )
NET ASSETS 404 100
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 402 98
SHAREHOLDERS' FUNDS 404 100
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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 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 Dananjaya Silva
Director
31/01/2025
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
P.M.D. Ceylon Tea Merchants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07225254 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent , BR8 7PA.
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.
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:
Fixtures & Fittings 15% - on reducing balance
Computer Equipment 15% - on reducing balance
2.4. 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.
2.5. 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 years 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 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 assessments 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.
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.
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.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 - 2,068 2,068
Additions 212 - 212
As at 30 April 2024 212 2,068 2,280
Depreciation
As at 1 May 2023 - 1,636 1,636
Provided during the period 32 65 97
As at 30 April 2024 32 1,701 1,733
Net Book Value
As at 30 April 2024 180 367 547
As at 1 May 2023 - 432 432
5. Stocks
2024 2023
£ £
Stock 4,500 4,500
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,891 7,372
Prepayments and accrued income 21,657 21,657
VAT 2,120 476
Director's loan account 54,424 64,169
94,092 93,674
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,160 6,561
Bank loans and overdrafts 10,930 12,560
Corporation tax 18,456 11,943
Other creditors 806 8
38,352 31,072
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,612 45,696
Other taxes and social security 21,657 21,657
60,269 67,353
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Included in the Other Debtors is an amount owed by the company director Mr Dananjaya Silva totalling £54,425 (2023 - £64,169 Debtor), no interest is to be charged.
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