Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06439461 Mrs Angela Morton Mr Jamie Morton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06439461 2024-03-31 06439461 2025-03-31 06439461 2024-04-01 2025-03-31 06439461 frs-core:CurrentFinancialInstruments 2025-03-31 06439461 frs-core:Non-currentFinancialInstruments 2025-03-31 06439461 frs-core:FurnitureFittings 2025-03-31 06439461 frs-core:FurnitureFittings 2024-04-01 2025-03-31 06439461 frs-core:FurnitureFittings 2024-03-31 06439461 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 06439461 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 06439461 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 06439461 frs-core:MotorVehicles 2025-03-31 06439461 frs-core:MotorVehicles 2024-04-01 2025-03-31 06439461 frs-core:MotorVehicles 2024-03-31 06439461 frs-core:WithinOneYear 2025-03-31 06439461 frs-core:ShareCapital 2025-03-31 06439461 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06439461 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06439461 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06439461 frs-bus:SmallEntities 2024-04-01 2025-03-31 06439461 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06439461 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06439461 frs-core:ListedExchangeTraded 2025-03-31 06439461 frs-core:ListedExchangeTraded 2024-03-31 06439461 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 06439461 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2025-03-31 06439461 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 06439461 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 06439461 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 06439461 frs-bus:Director1 2024-04-01 2025-03-31 06439461 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 06439461 frs-countries:EnglandWales 2024-04-01 2025-03-31 06439461 2023-03-31 06439461 2024-03-31 06439461 2023-04-01 2024-03-31 06439461 frs-core:CurrentFinancialInstruments 2024-03-31 06439461 frs-core:Non-currentFinancialInstruments 2024-03-31 06439461 frs-core:BetweenOneFiveYears 2024-03-31 06439461 frs-core:WithinOneYear 2024-03-31 06439461 frs-core:ShareCapital 2024-03-31 06439461 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06439461
Project Financial Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06439461
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 42,108 56,102
Investments 4 1,535 1,927
43,643 58,029
CURRENT ASSETS
Debtors 5 25,925 25,372
Cash at bank and in hand 33,690 12,325
59,615 37,697
Creditors: Amounts Falling Due Within One Year 6 (40,276 ) (13,835 )
NET CURRENT ASSETS (LIABILITIES) 19,339 23,862
TOTAL ASSETS LESS CURRENT LIABILITIES 62,982 81,891
Creditors: Amounts Falling Due After More Than One Year 7 (22,067 ) (51,724 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,250 ) (6,801 )
NET ASSETS 35,665 23,366
CAPITAL AND RESERVES
Called up share capital 10 10 10
Income Statement 35,655 23,356
SHAREHOLDERS' FUNDS 35,665 23,366
Page 1
Page 2
For the year ending 31 March 2025 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 her 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 Income Statement.
On behalf of the board
Mrs Angela Morton
Director
6 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern asumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue
1.3. 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.
1.4. 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:
Leasehold Straight line over 5 years
Motor Vehicles 25% on Reducing balance
Fixtures & Fittings Straight line over 5 years
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
1.6. 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.
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1.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grant income of £2,312 was received in a prior year specifically for the purchase of office equipment. This grant income is shown as an other creditor and is being released to the income statement over a period of 5 years.
1.8. Investments
Investments comprise investments in quoted shares which are measured at fair value at each reporting date with changes in fair value recognised in the proft or loss for the period.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
3. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 44,675 35,438 4,585 84,698
As at 31 March 2025 44,675 35,438 4,585 84,698
Depreciation
As at 1 April 2024 8,935 17,581 2,080 28,596
Provided during the period 8,935 4,464 595 13,994
As at 31 March 2025 17,870 22,045 2,675 42,590
Net Book Value
As at 31 March 2025 26,805 13,393 1,910 42,108
As at 1 April 2024 35,740 17,857 2,505 56,102
4. Investments
Listed
£
Cost
As at 1 April 2024 1,927
Revaluations (392 )
As at 31 March 2025 1,535
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1,535
As at 1 April 2024 1,927
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Page 5
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 23,425 23,425
Other debtors 2,500 1,947
25,925 25,372
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,739 1,917
Bank loans and overdrafts 4,970 4,847
Other creditors 11,805 869
Taxation and social security 8,762 6,202
40,276 13,835
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 14,740
Bank loans 22,067 27,037
Other creditors - 9,947
22,067 51,724
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,739 16,657
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,739 1,917
Later than one year and not later than five years - 14,740
14,739 16,657
14,739 16,657
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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