Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 NI636083 Mr Eamon McCusker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI636083 2023-12-31 NI636083 2024-12-31 NI636083 2024-01-01 2024-12-31 NI636083 frs-core:CurrentFinancialInstruments 2024-12-31 NI636083 frs-core:Non-currentFinancialInstruments 2024-12-31 NI636083 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 NI636083 frs-core:FurnitureFittings 2024-12-31 NI636083 frs-core:FurnitureFittings 2024-01-01 2024-12-31 NI636083 frs-core:FurnitureFittings 2023-12-31 NI636083 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 NI636083 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI636083 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 NI636083 frs-core:OtherResidualIntangibleAssets 2024-12-31 NI636083 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 NI636083 frs-core:OtherResidualIntangibleAssets 2023-12-31 NI636083 frs-core:PlantMachinery 2024-12-31 NI636083 frs-core:PlantMachinery 2024-01-01 2024-12-31 NI636083 frs-core:PlantMachinery 2023-12-31 NI636083 frs-core:ShareCapital 2024-12-31 NI636083 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI636083 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI636083 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI636083 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI636083 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI636083 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI636083 frs-bus:Director1 2024-01-01 2024-12-31 NI636083 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI636083 2022-12-31 NI636083 2023-12-31 NI636083 2023-01-01 2023-12-31 NI636083 frs-core:CurrentFinancialInstruments 2023-12-31 NI636083 frs-core:Non-currentFinancialInstruments 2023-12-31 NI636083 frs-core:ShareCapital 2023-12-31 NI636083 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI636083
AM:PM Belfast Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI636083
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 79,727 124,396
Tangible Assets 5 291,516 346,249
371,243 470,645
CURRENT ASSETS
Stocks 6 16,649 20,273
Debtors 7 525,132 624,290
Cash at bank and in hand 262,737 478,719
804,518 1,123,282
Creditors: Amounts Falling Due Within One Year 8 (382,752 ) (489,492 )
NET CURRENT ASSETS (LIABILITIES) 421,766 633,790
TOTAL ASSETS LESS CURRENT LIABILITIES 793,009 1,104,435
Creditors: Amounts Falling Due After More Than One Year 9 (239,426 ) (325,820 )
NET ASSETS 553,583 778,615
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 553,483 778,515
SHAREHOLDERS' FUNDS 553,583 778,615
Page 1
Page 2
For the year ending 31 December 2024 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.
On behalf of the board
Mr Eamon McCusker
Director
08/05/2025
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
AM:PM Belfast Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI636083 . The registered office is 38-44 Upper Arthur Street , Belfast, BT1 4GH.
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 measred at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is charged at 10% Straight Line.
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:
Freehold 15 Years Straight Line
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.5. Stocks and Work in Progress
Inventories have been valued at the lower of cost and estimated selling price less costs to completed and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/ completion.
2.6. Government Grant
Government grants in relation to tangible assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relaiton to expenditure are credited when the expenditure is charged to profit and loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 45 (2023: 52)
45 52
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 521,901
Additions 7,600
As at 31 December 2024 529,501
Amortisation
As at 1 January 2024 397,505
Provided during the period 52,269
As at 31 December 2024 449,774
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 79,727
As at 1 January 2024 124,396
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 90,593 9,908 603,491 703,992
Additions - - 21,584 21,584
Disposals - - (7,780 ) (7,780 )
As at 31 December 2024 90,593 9,908 617,295 717,796
Depreciation
As at 1 January 2024 51,222 7,833 298,688 357,743
Provided during the period 6,040 415 62,478 68,933
Disposals - - (396 ) (396 )
As at 31 December 2024 57,262 8,248 360,770 426,280
Net Book Value
As at 31 December 2024 33,331 1,660 256,525 291,516
As at 1 January 2024 39,371 2,075 304,803 346,249
6. Stocks
2024 2023
£ £
Stock 16,649 20,273
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,163 6,273
Amounts owed by group undertakings 231,887 319,651
Other debtors 292,082 298,366
525,132 624,290
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 150,848 207,565
Bank loans and overdrafts 53,000 53,010
Amounts owed to participating interests 23,975 37,654
Other creditors 41,770 36,537
Taxation and social security 113,159 154,726
382,752 489,492
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 239,426 325,820
10. Related Party Transactions
Included in other debtors is amounts the company is owed from related parties totalling £231,887 (2023 - £319,651). Included in other creditors is amounts the company owe to a related party totalling £23,975 (2023 - £37,653).
Page 5