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 09743743 Mr Henry Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09743743 2023-08-31 09743743 2024-08-31 09743743 2023-09-01 2024-08-31 09743743 frs-core:CurrentFinancialInstruments 2024-08-31 09743743 frs-core:Non-currentFinancialInstruments 2024-08-31 09743743 frs-core:ComputerEquipment 2024-08-31 09743743 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09743743 frs-core:ComputerEquipment 2023-08-31 09743743 frs-core:FurnitureFittings 2024-08-31 09743743 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09743743 frs-core:FurnitureFittings 2023-08-31 09743743 frs-core:OtherReservesSubtotal 2024-08-31 09743743 frs-core:ShareCapital 2024-08-31 09743743 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09743743 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09743743 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09743743 frs-bus:SmallEntities 2023-09-01 2024-08-31 09743743 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09743743 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09743743 frs-bus:Director1 2023-09-01 2024-08-31 09743743 frs-bus:Director1 2023-08-31 09743743 frs-bus:Director1 2024-08-31 09743743 frs-countries:EnglandWales 2023-09-01 2024-08-31 09743743 2022-08-31 09743743 2023-08-31 09743743 2022-09-01 2023-08-31 09743743 frs-core:CurrentFinancialInstruments 2023-08-31 09743743 frs-core:Non-currentFinancialInstruments 2023-08-31 09743743 frs-core:OtherReservesSubtotal 2023-08-31 09743743 frs-core:ShareCapital 2023-08-31 09743743 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09743743
PPC For The People Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Thriveworks Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09743743
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,796 4,708
3,796 4,708
CURRENT ASSETS
Debtors 5 285,893 252,771
Cash at bank and in hand 71,625 84,041
357,518 336,812
Creditors: Amounts Falling Due Within One Year 6 (177,105 ) (165,240 )
NET CURRENT ASSETS (LIABILITIES) 180,413 171,572
TOTAL ASSETS LESS CURRENT LIABILITIES 184,209 176,280
NET ASSETS 184,209 176,280
CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves 9,300 9,300
Profit and Loss Account 174,809 166,880
SHAREHOLDERS' FUNDS 184,209 176,280
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 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 Henry Marshall
Director
08/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PPC For The People Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09743743 . The registered office is 13 The Quadrant, Letchworth Garden City, Hertfordshire, SG6 4TY.
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.
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. 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:
Fixtures & Fittings 4 years
Computer Equipment 4 years
2.4. 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 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 10 (2023: 9)
10 9
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 1,439 11,732 13,171
Additions - 1,231 1,231
As at 31 August 2024 1,439 12,963 14,402
Depreciation
As at 1 September 2023 756 7,707 8,463
Provided during the period 171 1,972 2,143
As at 31 August 2024 927 9,679 10,606
Net Book Value
As at 31 August 2024 512 3,284 3,796
As at 1 September 2023 683 4,025 4,708
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 270,930 224,665
Prepayments and accrued income 3,447 840
Director's loan account 11,182 26,465
285,559 251,970
Due after more than one year
Other debtors 334 801
285,893 252,771
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,033 28,000
Corporation tax 27,519 31,890
Other taxes and social security 17,195 32,419
VAT 69,141 70,314
Net wages 3,867 2,617
Accruals and deferred income 16,350 -
177,105 165,240
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Henry Marshall 26,465 77,644 92,298 - 11,181
The above loan is unsecured, interest free and repayable on demand.
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