Acorah Software Products - Accounts Production 16.2.850 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 06638332 Mr Adam Chetter Mr Keith Stoker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06638332 2024-01-31 06638332 2025-01-31 06638332 2024-02-01 2025-01-31 06638332 frs-core:CurrentFinancialInstruments 2025-01-31 06638332 frs-core:Non-currentFinancialInstruments 2025-01-31 06638332 frs-core:ComputerEquipment 2025-01-31 06638332 frs-core:ComputerEquipment 2024-02-01 2025-01-31 06638332 frs-core:ComputerEquipment 2024-01-31 06638332 frs-core:FurnitureFittings 2025-01-31 06638332 frs-core:FurnitureFittings 2024-02-01 2025-01-31 06638332 frs-core:FurnitureFittings 2024-01-31 06638332 frs-core:PlantMachinery 2025-01-31 06638332 frs-core:PlantMachinery 2024-02-01 2025-01-31 06638332 frs-core:PlantMachinery 2024-01-31 06638332 frs-core:ShareCapital 2025-01-31 06638332 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 06638332 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06638332 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 06638332 frs-bus:SmallEntities 2024-02-01 2025-01-31 06638332 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 06638332 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 06638332 frs-bus:Director1 2024-02-01 2025-01-31 06638332 frs-bus:Director2 2024-02-01 2025-01-31 06638332 frs-core:CurrentFinancialInstruments 1 2025-01-31 06638332 frs-countries:EnglandWales 2024-02-01 2025-01-31 06638332 2023-01-31 06638332 2024-01-31 06638332 2023-02-01 2024-01-31 06638332 frs-core:CurrentFinancialInstruments 2024-01-31 06638332 frs-core:Non-currentFinancialInstruments 2024-01-31 06638332 frs-core:ShareCapital 2024-01-31 06638332 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06638332 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 06638332
Pmi Creative Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06638332
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,758 32,963
24,758 32,963
CURRENT ASSETS
Debtors 5 22,776 25,865
Cash at bank and in hand 4,622 1,954
27,398 27,819
Creditors: Amounts Falling Due Within One Year 6 (29,950 ) (30,746 )
NET CURRENT ASSETS (LIABILITIES) (2,552 ) (2,927 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,206 30,036
Creditors: Amounts Falling Due After More Than One Year 7 (13,243 ) (23,267 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,189 ) (6,263 )
NET ASSETS 2,774 506
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,674 406
SHAREHOLDERS' FUNDS 2,774 506
Page 1
Page 2
For the year ending 31 January 2025 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 Adam Chetter
Director
Mr Keith Stoker
Director
27/03/2025
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
Pmi Creative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06638332 . The registered office is Unit 11a Morrison Industrial Estate North, Annfield Plain, Stanley, County Durham, DH9 7RU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 33.3% straight line
Computer Equipment 33.3% straight line
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 125,758 10,741 34,209 170,708
As at 31 January 2025 125,758 10,741 34,209 170,708
Depreciation
As at 1 February 2024 98,771 10,741 28,233 137,745
Provided during the period 4,048 - 4,157 8,205
As at 31 January 2025 102,819 10,741 32,390 145,950
Net Book Value
As at 31 January 2025 22,939 - 1,819 24,758
As at 1 February 2024 26,987 - 5,976 32,963
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,021 16,340
Prepayments and accrued income 364 464
Other debtors 6,391 -
Amounts owed by associates - 6,254
22,776 23,058
Due after more than one year
Directors loan account - 2,807
22,776 25,865
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,721 11,771
Bank loans and overdrafts 4,575 8,466
Corporation tax 7,261 5,246
Other taxes and social security 266 941
VAT 623 840
Net wages 410 175
Pensions 230 -
Accruals and deferred income 3,819 3,307
Directors' loan accounts 45 -
29,950 30,746
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 13,243 23,267
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At the end of the accounting period the following were owed to PMI Creative Ltd from

Lodge and Caravan Ltd £800.00
Adam Chetter Film Ltd £11,786.99
Page 5