Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11959101 Mr David Wells Mr Simon Wells Mr Daniel Wells Mr Ross Wells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11959101 2023-12-31 11959101 2024-12-31 11959101 2024-01-01 2024-12-31 11959101 frs-core:CurrentFinancialInstruments 2024-12-31 11959101 frs-core:Non-currentFinancialInstruments 2024-12-31 11959101 frs-core:BetweenOneFiveYears 2024-12-31 11959101 frs-core:ComputerEquipment 2024-12-31 11959101 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11959101 frs-core:ComputerEquipment 2023-12-31 11959101 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11959101 frs-core:FurnitureFittings 2024-12-31 11959101 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11959101 frs-core:FurnitureFittings 2023-12-31 11959101 frs-core:NetGoodwill 2024-12-31 11959101 frs-core:NetGoodwill 2024-01-01 2024-12-31 11959101 frs-core:NetGoodwill 2023-12-31 11959101 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 11959101 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 11959101 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11959101 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 11959101 frs-core:MotorVehicles 2024-12-31 11959101 frs-core:MotorVehicles 2024-01-01 2024-12-31 11959101 frs-core:MotorVehicles 2023-12-31 11959101 frs-core:OtherResidualIntangibleAssets 2024-12-31 11959101 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 11959101 frs-core:OtherResidualIntangibleAssets 2023-12-31 11959101 frs-core:PlantMachinery 2024-12-31 11959101 frs-core:PlantMachinery 2024-01-01 2024-12-31 11959101 frs-core:PlantMachinery 2023-12-31 11959101 frs-core:WithinOneYear 2024-12-31 11959101 frs-core:ShareCapital 2024-12-31 11959101 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11959101 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11959101 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11959101 frs-bus:SmallEntities 2024-01-01 2024-12-31 11959101 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11959101 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11959101 frs-core:UnlistedNon-exchangeTraded 2024-12-31 11959101 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11959101 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11959101 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11959101 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 11959101 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11959101 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11959101 frs-bus:Director1 2024-01-01 2024-12-31 11959101 frs-bus:Director2 2024-01-01 2024-12-31 11959101 frs-bus:Director3 2024-01-01 2024-12-31 11959101 frs-bus:Director4 2024-01-01 2024-12-31 11959101 frs-countries:EnglandWales 2024-01-01 2024-12-31 11959101 2022-12-31 11959101 2023-12-31 11959101 2023-01-01 2023-12-31 11959101 frs-core:CurrentFinancialInstruments 2023-12-31 11959101 frs-core:Non-currentFinancialInstruments 2023-12-31 11959101 frs-core:BetweenOneFiveYears 2023-12-31 11959101 frs-core:WithinOneYear 2023-12-31 11959101 frs-core:ShareCapital 2023-12-31 11959101 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11959101 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 11959101
Probox Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Montacs
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11959101
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 156,001 19,488
Tangible Assets 4 1,810,710 2,339,477
Investments 5 100 -
1,966,811 2,358,965
CURRENT ASSETS
Stocks 6 421,771 493,639
Debtors 7 1,431,568 1,967,709
Cash at bank and in hand 926,961 752,248
2,780,300 3,213,596
Creditors: Amounts Falling Due Within One Year 8 (906,018 ) (1,277,192 )
NET CURRENT ASSETS (LIABILITIES) 1,874,282 1,936,404
TOTAL ASSETS LESS CURRENT LIABILITIES 3,841,093 4,295,369
Creditors: Amounts Falling Due After More Than One Year 9 (54,851 ) (102,850 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (452,000 ) (548,237 )
NET ASSETS 3,334,242 3,644,282
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 3,334,142 3,644,182
SHAREHOLDERS' FUNDS 3,334,242 3,644,282
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For the year ending 31 December 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 Simon Wells
Director
28/03/2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
1.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website and software development costs. It is amortised to profit and loss account over its estimated economic life of between 3 to 5 years.
1.5. 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:
Leasehold Over the term of the lease
Plant & Machinery Over 3 to 5 years
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings Over 3 to 5 years
Computer Equipment Over 3 to 5 years
1.6. 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.
1.7. 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.
1.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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1.9. 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 year 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 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. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 51 (2023: 49)
51 49
3. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2024 1 59,360 59,361
Additions - 164,837 164,837
Disposals (1 ) (31,374 ) (31,375 )
As at 31 December 2024 - 192,823 192,823
Amortisation
As at 1 January 2024 - 39,873 39,873
Provided during the period - 28,323 28,323
Disposals - (31,374 ) (31,374 )
As at 31 December 2024 - 36,822 36,822
Net Book Value
As at 31 December 2024 - 156,001 156,001
As at 1 January 2024 1 19,487 19,488
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 77,200 2,773,761 131,519 50,935
Additions - 157,486 35,883 5,788
Disposals (32,751 ) (397,536 ) (15,354 ) (20,553 )
As at 31 December 2024 44,449 2,533,711 152,048 36,170
Depreciation
As at 1 January 2024 39,938 694,785 50,461 16,474
Provided during the period 10,174 568,432 23,321 15,906
Disposals (32,751 ) (395,534 ) (8,587 ) (20,553 )
As at 31 December 2024 17,361 867,683 65,195 11,827
Net Book Value
As at 31 December 2024 27,088 1,666,028 86,853 24,343
As at 1 January 2024 37,262 2,078,976 81,058 34,461
Computer Equipment Total
£ £
Cost
As at 1 January 2024 131,927 3,165,342
Additions - 199,157
Disposals (109,733 ) (575,927 )
As at 31 December 2024 22,194 2,788,572
Depreciation
As at 1 January 2024 24,207 825,865
Provided during the period 10,103 627,936
Disposals (18,514 ) (475,939 )
As at 31 December 2024 15,796 977,862
Net Book Value
As at 31 December 2024 6,398 1,810,710
As at 1 January 2024 107,720 2,339,477
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5. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 100
As at 31 December 2024 100
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 100
As at 1 January 2024 -
6. Stocks
2024 2023
£ £
Stock 421,771 493,639
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 699,994 753,714
Prepayments and accrued income 67,297 82,745
Other debtors 85,943 331,761
Amounts owed by group undertakings 403,334 799,489
Amounts owed by associates 175,000 -
1,431,568 1,967,709
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 57,875 63,451
Trade creditors 261,861 295,083
Corporation tax 181,826 98,642
Other taxes and social security - 43,545
VAT 96,606 203,798
Other creditors 130,085 114,213
Other creditors (2) - 13,761
Accruals and deferred income 5,240 320,754
Amounts owed to group undertakings 100 -
Amounts owed to associates 172,425 123,945
906,018 1,277,192
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 54,851 102,850
54,851 102,850
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year 57,875 63,451
Between one and five years 54,851 102,850
112,726 166,301
112,726 166,301
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. General Information
Probox Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11959101 . The registered office is Signal Hill Lenborough Road, Gawcott, Buckingham, Buckinghamshire, MK18 4BU.
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