Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12137953 Mr Lloyd Girardi Mr Andrew Cooke Mr Sreelal Harilal Dr Fahd Khan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12137953 2023-03-31 12137953 2024-03-31 12137953 2023-04-01 2024-03-31 12137953 frs-core:CurrentFinancialInstruments 2024-03-31 12137953 frs-core:ShareCapital 2024-03-31 12137953 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12137953 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12137953 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12137953 frs-bus:SmallEntities 2023-04-01 2024-03-31 12137953 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12137953 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12137953 frs-bus:Director1 2023-04-01 2024-03-31 12137953 frs-bus:Director2 2023-04-01 2024-03-31 12137953 frs-bus:Director3 2023-04-01 2024-03-31 12137953 frs-bus:Director4 2023-04-01 2024-03-31 12137953 frs-countries:EnglandWales 2023-04-01 2024-03-31 12137953 2022-03-31 12137953 2023-03-31 12137953 2022-04-01 2023-03-31 12137953 frs-core:CurrentFinancialInstruments 2023-03-31 12137953 frs-core:ShareCapital 2023-03-31 12137953 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12137953
Provident Homes Mill Road Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12137953
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,917,278 2,913,691
Debtors 5 144,988 6,502
Cash at bank and in hand 7,848 17,550
3,070,114 2,937,743
Creditors: Amounts Falling Due Within One Year 6 (4,050,530 ) (3,707,756 )
NET CURRENT ASSETS (LIABILITIES) (980,416 ) (770,013 )
TOTAL ASSETS LESS CURRENT LIABILITIES (980,416 ) (770,013 )
NET LIABILITIES (980,416 ) (770,013 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (980,417 ) (770,014 )
SHAREHOLDERS' FUNDS (980,416) (770,013)
Page 1
Page 2
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 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 Lloyd Girardi
Director
Mr Andrew Cooke
Director
Mr Sreelal Harilal
Director
Dr Fahd Khan
Director
30/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Provident Homes Mill Road Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12137953 . The registered office is 10 Brooklands Court , Kettering Venture Park, Kettering, Northamptonshire, NN15 6FD.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Work in progress 2,917,278 2,913,691
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,926 2,475
Other debtors 139,062 4,027
144,988 6,502
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 162,064 154,823
Bank loans and overdrafts 2,492,199 2,216,384
Other creditors 1,396,267 1,336,549
4,050,530 3,707,756
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Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
Included in creditors are the following amounts due to related parties.
Blackbox Investments £75,600 2023: £47,100 
Provident Homes         £53,772 2023: £25,271
Swiftnet Solutions £20,000 2023: £20,000
Page 4