Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 26 July 2022 false 1 August 2023 31 July 2024 31 July 2024 14256043 Mr Serhii TYSHCHENKO Mr Oleksandr PROSKURIN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14256043 2023-07-31 14256043 2024-07-31 14256043 2023-08-01 2024-07-31 14256043 frs-core:CurrentFinancialInstruments 2024-07-31 14256043 frs-core:ComputerEquipment 2024-07-31 14256043 frs-core:ComputerEquipment 2023-08-01 2024-07-31 14256043 frs-core:ComputerEquipment 2023-07-31 14256043 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 14256043 frs-core:OtherResidualIntangibleAssets 2024-07-31 14256043 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 14256043 frs-core:OtherResidualIntangibleAssets 2023-07-31 14256043 frs-core:SharePremium 2024-07-31 14256043 frs-core:ShareCapital 2024-07-31 14256043 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14256043 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14256043 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14256043 frs-bus:SmallEntities 2023-08-01 2024-07-31 14256043 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14256043 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14256043 frs-bus:Director1 2023-08-01 2024-07-31 14256043 frs-bus:Director1 2023-07-31 14256043 frs-bus:Director1 2024-07-31 14256043 frs-bus:Director2 2023-08-01 2024-07-31 14256043 frs-bus:Director2 2023-07-31 14256043 frs-bus:Director2 2024-07-31 14256043 frs-countries:EnglandWales 2023-08-01 2024-07-31 14256043 2022-07-25 14256043 2023-07-31 14256043 2022-07-26 2023-07-31 14256043 frs-core:CurrentFinancialInstruments 2023-07-31 14256043 frs-core:SharePremium 2023-07-31 14256043 frs-core:ShareCapital 2023-07-31 14256043 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14256043
PRM LBS Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Whitebridge Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14256043
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,224,912 511,389
Tangible Assets 5 8,994 3,745
1,233,906 515,134
CURRENT ASSETS
Debtors 6 23,615 16,967
Investments 7 90,807 51,206
Cash at bank 93,585 873,505
208,007 941,678
Creditors: Amounts Falling Due Within One Year 8 (51,721 ) (13,068 )
NET CURRENT ASSETS (LIABILITIES) 156,286 928,610
TOTAL ASSETS LESS CURRENT LIABILITIES 1,390,192 1,443,744
NET ASSETS 1,390,192 1,443,744
CAPITAL AND RESERVES
Called up share capital 9 3 3
Share premium account 2,391,592 1,791,607
Profit and Loss Account (1,001,403 ) (347,866 )
SHAREHOLDERS' FUNDS 1,390,192 1,443,744
Page 1
Page 2
For the year ending 31 July 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 Serhii TYSHCHENKO
Director
28/03/2025
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
PRM LBS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14256043 . The registered office is 1.14, Belle House , 1 Hudson's Place, London, SW1V 1PZ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are development costs. Management considers them to have indefinite life so their useful is tested annually to determine if it is still appropriate to assume that it is indefinite.
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:
Computer Equipment 3
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 511,389
Additions 713,523
As at 31 July 2024 1,224,912
Net Book Value
As at 31 July 2024 1,224,912
As at 1 August 2023 511,389
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 4,024
Additions 9,651
As at 31 July 2024 13,675
Depreciation
As at 1 August 2023 279
Provided during the period 4,402
As at 31 July 2024 4,681
Net Book Value
As at 31 July 2024 8,994
As at 1 August 2023 3,745
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,148 -
VAT 10,746 13,296
Directors' loan accounts 10,721 3,671
23,615 16,967
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 74,527 51,206
Short term deposits 16,280 -
90,807 51,206
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,860 13,068
Other loans (922 ) -
Other taxes and social security 483 -
Net wages 11,300 -
51,721 13,068
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Serhii TYSHCHENKO 3,671 4,250 2,000 - 5,921
Mr Oleksandr PROSKURIN - 6,800 2,000 - 4,800
The above loan is unsecured, interest free and repayable on demand.
Page 5