Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10300008 Mrs S Baker Mr A C Medway iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10300008 2023-09-30 10300008 2024-09-30 10300008 2023-10-01 2024-09-30 10300008 frs-core:CurrentFinancialInstruments 2024-09-30 10300008 frs-core:Non-currentFinancialInstruments 2024-09-30 10300008 frs-core:BetweenOneFiveYears 2024-09-30 10300008 frs-core:FurnitureFittings 2024-09-30 10300008 frs-core:FurnitureFittings 2023-10-01 2024-09-30 10300008 frs-core:FurnitureFittings 2023-09-30 10300008 frs-core:MotorVehicles 2024-09-30 10300008 frs-core:MotorVehicles 2023-10-01 2024-09-30 10300008 frs-core:MotorVehicles 2023-09-30 10300008 frs-core:WithinOneYear 2024-09-30 10300008 frs-core:ShareCapital 2024-09-30 10300008 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10300008 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10300008 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10300008 frs-bus:SmallEntities 2023-10-01 2024-09-30 10300008 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10300008 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10300008 frs-bus:Director1 2023-10-01 2024-09-30 10300008 frs-bus:Director2 2023-10-01 2024-09-30 10300008 frs-core:CurrentFinancialInstruments 1 2024-09-30 10300008 frs-countries:EnglandWales 2023-10-01 2024-09-30 10300008 2022-09-30 10300008 2023-09-30 10300008 2022-10-01 2023-09-30 10300008 frs-core:CurrentFinancialInstruments 2023-09-30 10300008 frs-core:Non-currentFinancialInstruments 2023-09-30 10300008 frs-core:BetweenOneFiveYears 2023-09-30 10300008 frs-core:MotorVehicles 2022-10-01 2023-09-30 10300008 frs-core:WithinOneYear 2023-09-30 10300008 frs-core:ShareCapital 2023-09-30 10300008 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10300008 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 10300008
AC Group Projects Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10300008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 77,295 15,242
77,295 15,242
CURRENT ASSETS
Debtors 5 1,571,770 1,453,286
Cash at bank and in hand 13,666 9,310
1,585,436 1,462,596
Creditors: Amounts Falling Due Within One Year 6 (1,153,316 ) (932,864 )
NET CURRENT ASSETS (LIABILITIES) 432,120 529,732
TOTAL ASSETS LESS CURRENT LIABILITIES 509,415 544,974
Creditors: Amounts Falling Due After More Than One Year 7 (151,166 ) (242,972 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,324 ) (2,896 )
NET ASSETS 338,925 299,106
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 338,915 299,096
SHAREHOLDERS' FUNDS 338,925 299,106
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For the year ending 30 September 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 A C Medway
Director
1 April 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AC Group Projects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10300008 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Motor vehicles 20% Reducing balance
Fixtures and fittings 20% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.5. 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.
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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 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 7)
8 7
4. Tangible Assets
Motor vehicles Fixtures and fittings Total
£ £ £
Cost
As at 1 October 2023 46,595 1,780 48,375
Additions 79,400 - 79,400
Disposals (24,595 ) - (24,595 )
As at 30 September 2024 101,400 1,780 103,180
Depreciation
As at 1 October 2023 31,946 1,187 33,133
Provided during the period 10,262 356 10,618
Disposals (17,866 ) - (17,866 )
As at 30 September 2024 24,342 1,543 25,885
Net Book Value
As at 30 September 2024 77,058 237 77,295
As at 1 October 2023 14,649 593 15,242
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor vehicles 77,059 11,974
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 333,923 484,385
Amounts recoverable on contracts 1,172,632 960,735
VAT 65,215 8,166
1,571,770 1,453,286
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,243 390
Trade creditors 636,592 312,076
Bank loans and overdrafts 330,322 393,685
Corporation tax 15,811 30,272
Other taxes and social security 80,202 123,579
Business credit card 71,307 69,183
Accruals and deferred income 4,315 2,750
Directors' loan accounts 524 929
1,153,316 932,864
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,499 -
Bank loans 101,667 242,972
151,166 242,972
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by a fixed charge created on the 05 January 2018.
2024 2023
£ £
Bank loans and overdrafts 487,999 636,656
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,243 390
Later than one year and not later than five years 49,499 -
63,742 390
63,742 390
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 5,726 2,728
Later than one year and not later than five years 8,396 5,153
14,122 7,881
12. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
13. Related Party Transactions
The following related party transactions were undertaken during the year:
During the period the directors introduced capital of £154,249 (2023: £117,570) and withdrew amounts of £154,655 (2023: £117,111). At the balance sheet date the amount payable to the directors totalled £524 (2023: £929).
Dividends were paid to the directors in respect of their shareholdings totalling £90,000 (2023: £80,000).
The aggregate remuneration paid to key management personnel for the year was £8,424 (2023: £8,424).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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