Acorah Software Products - Accounts Production 16.1.300 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10598514 Mr David Hough iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10598514 2024-02-29 10598514 2025-02-28 10598514 2024-03-01 2025-02-28 10598514 frs-core:CurrentFinancialInstruments 2025-02-28 10598514 frs-core:ComputerEquipment 2025-02-28 10598514 frs-core:ComputerEquipment 2024-03-01 2025-02-28 10598514 frs-core:ComputerEquipment 2024-02-29 10598514 frs-core:FurnitureFittings 2025-02-28 10598514 frs-core:FurnitureFittings 2024-03-01 2025-02-28 10598514 frs-core:FurnitureFittings 2024-02-29 10598514 frs-core:ShareCapital 2025-02-28 10598514 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10598514 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10598514 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10598514 frs-bus:SmallEntities 2024-03-01 2025-02-28 10598514 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 10598514 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10598514 frs-bus:OrdinaryShareClass2 2024-03-01 2025-02-28 10598514 frs-bus:OrdinaryShareClass2 2025-02-28 10598514 frs-bus:OrdinaryShareClass3 2024-03-01 2025-02-28 10598514 frs-bus:OrdinaryShareClass3 2025-02-28 10598514 frs-core:DeferredTaxation 2024-03-01 2025-02-28 10598514 frs-core:DeferredTaxation 2024-02-29 10598514 frs-core:DeferredTaxation 2025-02-28 10598514 frs-bus:Director1 2024-03-01 2025-02-28 10598514 frs-countries:EnglandWales 2024-03-01 2025-02-28 10598514 2023-02-28 10598514 2024-02-29 10598514 2023-03-01 2024-02-29 10598514 frs-core:CurrentFinancialInstruments 2024-02-29 10598514 frs-core:ShareCapital 2024-02-29 10598514 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10598514 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-29 10598514 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-29
Registered number: 10598514
Prospect Code Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Prospect Code Limited for the year ended 28 February 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prospect Code Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Prospect Code Limited , as a body, in accordance with the terms of our engagement letter dated 25 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Prospect Code Limited and state those matters that we have agreed to state to the director of Prospect Code Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prospect Code Limited and its director as a body for our work or for this report.
It is your duty to ensure that Prospect Code Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Prospect Code Limited . You consider that Prospect Code Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Prospect Code Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
26th March 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 10598514
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,182 3,597
2,182 3,597
CURRENT ASSETS
Debtors 5 345 11,084
Cash at bank and in hand 32,982 63,341
33,327 74,425
Creditors: Amounts Falling Due Within One Year 6 (5,505 ) (24,717 )
NET CURRENT ASSETS (LIABILITIES) 27,822 49,708
TOTAL ASSETS LESS CURRENT LIABILITIES 30,004 53,305
PROVISIONS FOR LIABILITIES
Deferred Taxation (415 ) (899 )
NET ASSETS 29,589 52,406
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 29,587 52,404
SHAREHOLDERS' FUNDS 29,589 52,406
Page 2
Page 3
For the year ending 28 February 2025 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 David Hough
Director
26th March 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Prospect Code Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10598514 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, SK9 4LY.
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.
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:
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.4. 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.
2.5. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
Page 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 304 7,576 7,880
Disposals - (2,300 ) (2,300 )
As at 28 February 2025 304 5,276 5,580
Depreciation
As at 1 March 2024 137 4,146 4,283
Provided during the period 101 1,313 1,414
Disposals - (2,299 ) (2,299 )
As at 28 February 2025 238 3,160 3,398
Net Book Value
As at 28 February 2025 66 2,116 2,182
As at 1 March 2024 167 3,430 3,597
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 10,800
Other debtors 345 284
345 11,084
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors - 180
Taxation and social security 5,505 24,537
5,505 24,717
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2024 899 899
Reversals (484 ) (484)
Balance at 28 February 2025 415 415
Page 5
Page 6
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1 each 1 1
1 Ordinary B shares of £ 1 each 1 1
2 2
Page 6