Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08664858 Mr Nicholas Underwood-Lea Mr Claude Farren Mrs Emily Underwood-Lea iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08664858 2023-08-31 08664858 2024-08-31 08664858 2023-09-01 2024-08-31 08664858 frs-core:CurrentFinancialInstruments 2024-08-31 08664858 frs-core:Non-currentFinancialInstruments 2024-08-31 08664858 frs-core:ComputerEquipment 2024-08-31 08664858 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08664858 frs-core:ComputerEquipment 2023-08-31 08664858 frs-core:FurnitureFittings 2024-08-31 08664858 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08664858 frs-core:FurnitureFittings 2023-08-31 08664858 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 08664858 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 08664858 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 08664858 frs-core:PlantMachinery 2024-08-31 08664858 frs-core:PlantMachinery 2023-09-01 2024-08-31 08664858 frs-core:PlantMachinery 2023-08-31 08664858 frs-core:ShareCapital 2024-08-31 08664858 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08664858 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08664858 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08664858 frs-bus:SmallEntities 2023-09-01 2024-08-31 08664858 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08664858 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08664858 frs-bus:Director1 2023-09-01 2024-08-31 08664858 frs-bus:Director2 2023-09-01 2024-08-31 08664858 frs-bus:Director3 2023-09-01 2024-08-31 08664858 frs-core:CurrentFinancialInstruments 1 2024-08-31 08664858 frs-countries:EnglandWales 2023-09-01 2024-08-31 08664858 2022-08-31 08664858 2023-08-31 08664858 2022-09-01 2023-08-31 08664858 frs-core:CurrentFinancialInstruments 2023-08-31 08664858 frs-core:Non-currentFinancialInstruments 2023-08-31 08664858 frs-core:ShareCapital 2023-08-31 08664858 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08664858 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 08664858
PTP Promotions Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Newton and Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08664858
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,478 33,225
66,478 33,225
CURRENT ASSETS
Stocks 5 33,917 17,962
Debtors 6 196,073 208,299
Cash at bank and in hand 120,070 90,211
350,060 316,472
Creditors: Amounts Falling Due Within One Year 7 (287,380 ) (191,057 )
NET CURRENT ASSETS (LIABILITIES) 62,680 125,415
TOTAL ASSETS LESS CURRENT LIABILITIES 129,158 158,640
Creditors: Amounts Falling Due After More Than One Year 8 (6,064 ) (15,156 )
NET ASSETS 123,094 143,484
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 122,994 143,384
SHAREHOLDERS' FUNDS 123,094 143,484
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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 Profit and Loss Account.
On behalf of the board
Mr Nicholas Underwood-Lea
Director
28/04/2025
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
PTP Promotions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08664858 . The registered office is Unit 2B, Poplar Court North Nelson Industrial Estate , Atley Way, Cramlington, NE23 1WA.
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.
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.
2.3. 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:
Leasehold Equally over 3 years - straight line
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 11)
14 11
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 7,246 32,065 6,066 3,397 48,774
Additions 1,170 53,151 - 2,434 56,755
As at 31 August 2024 8,416 85,216 6,066 5,831 105,529
Depreciation
As at 1 September 2023 2,415 10,383 1,902 849 15,549
Provided during the period 2,508 18,708 1,041 1,245 23,502
As at 31 August 2024 4,923 29,091 2,943 2,094 39,051
Net Book Value
As at 31 August 2024 3,493 56,125 3,123 3,737 66,478
As at 1 September 2023 4,831 21,682 4,164 2,548 33,225
5. Stocks
2024 2023
£ £
Stock 33,917 17,962
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 193,693 207,884
Prepayments and accrued income 2,380 415
196,073 208,299
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 146,678 54,551
Bank loans and overdrafts 9,092 9,092
Corporation tax 88,291 79,424
PAYE & Social Security (Current liabilities - creditors < 1 year) 5,939 4,919
VAT 35,737 36,562
Other creditors 523 -
Pension Control Account (Current liabilities - creditors < 1 year) 1,020 706
Accruals and deferred income 100 5,803
287,380 191,057
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,064 15,156
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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