Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04037202 Daren Cope Susan Cope Annie Cope James Cope Daren Cope iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04037202 2023-08-31 04037202 2024-08-31 04037202 2023-09-01 2024-08-31 04037202 frs-core:CurrentFinancialInstruments 2024-08-31 04037202 frs-core:Non-currentFinancialInstruments 2024-08-31 04037202 frs-core:BetweenOneFiveYears 2024-08-31 04037202 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-08-31 04037202 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-01 2024-08-31 04037202 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-08-31 04037202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 04037202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04037202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 04037202 frs-core:MotorVehicles 2023-09-01 2024-08-31 04037202 frs-core:PlantMachinery 2024-08-31 04037202 frs-core:PlantMachinery 2023-09-01 2024-08-31 04037202 frs-core:PlantMachinery 2023-08-31 04037202 frs-core:ShareCapital 2024-08-31 04037202 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04037202 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04037202 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04037202 frs-bus:SmallEntities 2023-09-01 2024-08-31 04037202 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04037202 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04037202 frs-bus:Director1 2023-09-01 2024-08-31 04037202 frs-bus:Director2 2023-09-01 2024-08-31 04037202 frs-bus:Director3 2023-09-01 2024-08-31 04037202 frs-bus:Director4 2023-09-01 2024-08-31 04037202 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04037202 frs-countries:EnglandWales 2023-09-01 2024-08-31 04037202 2022-08-31 04037202 2023-08-31 04037202 2022-09-01 2023-08-31 04037202 frs-core:CurrentFinancialInstruments 2023-08-31 04037202 frs-core:Non-currentFinancialInstruments 2023-08-31 04037202 frs-core:BetweenOneFiveYears 2023-08-31 04037202 frs-core:ShareCapital 2023-08-31 04037202 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04037202
PP Derby Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04037202
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 59,766 60,376
Tangible Assets 5 98,282 123,390
158,048 183,766
CURRENT ASSETS
Debtors 6 416,594 279,242
Cash at bank and in hand 3,591 29,483
420,185 308,725
Creditors: Amounts Falling Due Within One Year 7 (278,458 ) (210,801 )
NET CURRENT ASSETS (LIABILITIES) 141,727 97,924
TOTAL ASSETS LESS CURRENT LIABILITIES 299,775 281,690
Creditors: Amounts Falling Due After More Than One Year 8 (130,436 ) (167,555 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,861 ) (11,207 )
NET ASSETS 149,478 102,928
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 149,378 102,828
SHAREHOLDERS' FUNDS 149,478 102,928
Page 1
Page 2
For the year 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 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 Income Statement.
On behalf of the board
Daren Cope
Director
01/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PP Derby Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04037202 . The registered office is Canterbury House, Stephensons Way, Derby, Englan, DE21 6LY.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets acquired separately from a business are recognised at cost and are subsequently
measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the
acquisition date where it is probable that the expected future economic benefits that are attributable to the
asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset
arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:

Property Portfolio over 10 years
2.4. 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:
Freehold 10% straight line
Plant & Machinery 25% straight line
Motor Vehicles 20% straight line
2.5. 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 income statement 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 income statement as incurred.
2.6. 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 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.
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2.7. Related Party transactions
The Delta Echo Group Limited
During the year the company paid a management charge of £112,500 (2023 : £29,999) to The Delta Echo Group Limited (Formerly Professional Properties Limited).
At the year end there is an amount due from the above of £346,518 (2023: £222,014)
2.8. Parent company
The Delta Echo Group Limited (Formerly Professional Properties Limited) is regarded by the directors as being the company's parent company.
The ultimate controlling parties are D & S Cope by virtue of their 100% interest in the equity share capital of
The Delta Echo Group Limited (Fornerly Professional Properties Limited).
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 20)
20 20
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 September 2023 63,269
As at 31 August 2024 63,269
Amortisation
As at 1 September 2023 2,893
Provided during the period 610
As at 31 August 2024 3,503
Net Book Value
As at 31 August 2024 59,766
As at 1 September 2023 60,376
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 101,589 338,533 440,122
Additions 3,275 49,639 52,914
Disposals - (71,083 ) (71,083 )
As at 31 August 2024 104,864 317,089 421,953
Depreciation
As at 1 September 2023 88,547 228,185 316,732
Provided during the period 2,191 33,180 35,371
Disposals - (28,432 ) (28,432 )
As at 31 August 2024 90,738 232,933 323,671
...CONTINUED
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Page 5
Net Book Value
As at 31 August 2024 14,126 84,156 98,282
As at 1 September 2023 13,042 110,348 123,390
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 90 -
Other debtors 416,504 279,242
416,594 279,242
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,843 47,555
Bank loans and overdrafts 15,924 14,585
Other creditors 87,622 48,573
Taxation and social security 120,069 100,088
278,458 210,801
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 100,765 130,348
Bank loans 29,671 37,207
130,436 167,555
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 100,765 130,348
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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