Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 08277480 Mr Kevin Thrussell Mr K Thrussell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08277480 2022-03-31 08277480 2023-03-31 08277480 2022-04-01 2023-03-31 08277480 frs-core:Non-currentFinancialInstruments 2023-03-31 08277480 frs-core:ComputerEquipment 2022-04-01 2023-03-31 08277480 frs-core:FurnitureFittings 2022-04-01 2023-03-31 08277480 frs-core:NetGoodwill 2022-04-01 2023-03-31 08277480 frs-core:ShareCapital 2023-03-31 08277480 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08277480 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08277480 frs-bus:AbridgedAccounts 2022-04-01 2023-03-31 08277480 frs-bus:SmallEntities 2022-04-01 2023-03-31 08277480 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08277480 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08277480 1 2022-04-01 2023-03-31 08277480 frs-bus:Director1 2022-04-01 2023-03-31 08277480 frs-countries:EnglandWales 2022-04-01 2023-03-31 08277480 2021-03-31 08277480 2022-03-31 08277480 2021-04-01 2022-03-31 08277480 frs-core:Non-currentFinancialInstruments 2022-03-31 08277480 frs-core:ShareCapital 2022-03-31 08277480 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 08277480
The Pd Group Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08277480
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 87,500 96,250
Tangible Assets 5 1,910 5,882
89,410 102,132
CURRENT ASSETS
Debtors 94,799 128,087
Cash at bank and in hand 26,067 68,488
120,866 196,575
Creditors: Amounts Falling Due Within One Year (63,214 ) (112,420 )
NET CURRENT ASSETS (LIABILITIES) 57,652 84,155
TOTAL ASSETS LESS CURRENT LIABILITIES 147,062 186,287
Creditors: Amounts Falling Due After More Than One Year (36,373 ) (71,668 )
NET ASSETS 110,689 114,619
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 110,589 114,519
SHAREHOLDERS' FUNDS 110,689 114,619
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For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Kevin Thrussell
Director
17 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. General Information
The Pd Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08277480 . The registered office is C/O Savvy Accountancy, Kenward House, High Street, Hartley Wintney, Hampshire, RG27 8NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
2.3. 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 of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was  8 (2022: 7)
8 7
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4. Intangible Assets
Total
£
Cost
As at 1 April 2022 175,000
As at 31 March 2023 175,000
Amortisation
As at 1 April 2022 78,750
Provided during the period 8,750
As at 31 March 2023 87,500
Net Book Value
As at 31 March 2023 87,500
As at 1 April 2022 96,250
5. Tangible Assets
Total
£
Cost
As at 1 April 2022 98,680
As at 31 March 2023 98,680
Depreciation
As at 1 April 2022 92,798
Provided during the period 3,972
As at 31 March 2023 96,770
Net Book Value
As at 31 March 2023 1,910
As at 1 April 2022 5,882
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. Ultimate Controlling Party
The company's ultimate controlling party is Mr K Thrussell by virtue of his ownership of the issued share capital in the company.
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