Acorah Software Products - Accounts Production 16.1.300 false true true false 13 December 2023 31 August 2024 31 August 2024 15349555 Mr M Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15349555 2023-12-12 15349555 2024-08-31 15349555 2023-12-13 2024-08-31 15349555 frs-core:CurrentFinancialInstruments 2024-08-31 15349555 frs-core:MotorVehicles 2024-08-31 15349555 frs-core:MotorVehicles 2023-12-13 2024-08-31 15349555 frs-core:MotorVehicles 2023-12-12 15349555 frs-core:ShareCapital 2023-12-12 15349555 frs-core:ShareCapital 2024-08-31 15349555 frs-core:RetainedEarningsAccumulatedLosses 2023-12-13 2024-08-31 15349555 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-12-12 15349555 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 15349555 frs-bus:PrivateLimitedCompanyLtd 2023-12-13 2024-08-31 15349555 frs-bus:FilletedAccounts 2023-12-13 2024-08-31 15349555 frs-bus:SmallEntities 2023-12-13 2024-08-31 15349555 frs-bus:AuditExempt-NoAccountantsReport 2023-12-13 2024-08-31 15349555 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-13 2024-08-31 15349555 frs-bus:Director1 2023-12-13 2024-08-31 15349555 frs-core:CurrentFinancialInstruments 1 2024-08-31 15349555 frs-countries:EnglandWales 2023-12-13 2024-08-31
Registered number: 15349555
PC&S Limited
Unaudited Financial Statements
For the Period 13 December 2023 to 31 August 2024
Strategic Partnership
Contents
Page
Statement of Financial Position 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 15349555
31 August 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,635
2,635
CURRENT ASSETS
Debtors 5 63,609
63,609
Creditors: Amounts Falling Due Within One Year 6 (66,243 )
NET CURRENT ASSETS (LIABILITIES) (2,634 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1
NET ASSETS 1
CAPITAL AND RESERVES
Called up share capital 7 1
SHAREHOLDERS' FUNDS 1
For the period ending 31 August 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 Income Statement.
On behalf of the board
Mr M Marshall
Director
4 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 13 December 2023 1 - 1
Profit for the period and total comprehensive income - 6,086 6,086
Dividends paid - (6,086) (6,086)
As at 31 August 2024 1 - 1
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Page 3
Notes to the Financial Statements
1. General Information
PC&S Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15349555 . The registered office is 73-75 West Street, Gravesend, England, DA11 0BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
These financial statements for the period ended 31 August 2024 are the first financial statements of PC&S Limited prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 13 December 2023.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
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:
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Motor Vehicles 25% Reducing Balance Method
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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 statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.8. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying
value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical
experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in
which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are
estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 13 December 2023 -
Additions 2,750
As at 31 August 2024 2,750
Depreciation
As at 13 December 2023 -
Provided during the period 115
As at 31 August 2024 115
Net Book Value
As at 31 August 2024 2,635
As at 13 December 2023 -
5. Debtors
31 August 2024
£
Due within one year
Trade debtors 58,208
Other debtors - PC&S Holdings Limited 1
VAT 5,400
63,609
6. Creditors: Amounts Falling Due Within One Year
31 August 2024
£
Trade creditors 11,799
Corporation tax 809
Accruals and deferred income 1,750
Director's loan account 51,885
66,243
Page 4
Page 5
7. Share Capital
31 August 2024
£
Allotted, Called up and fully paid 1
During the period, the company issued 1 Ordinary Share for the nominal value of £1 per share. As at 31 August 2024 there is 1 Ordinary Share in issue.
8. Related Party Transactions
The amount owed from PC&S Holdings Limited, the company's holding company, totalled £1 as at the period end, which is a current asset, interest free and
repayable on demand.
Page 5