Acorah Software Products - Accounts Production 16.3.350 false true true 30 December 2022 14 February 2022 false 31 December 2022 30 December 2023 30 December 2023 13915111 D Gray S Gaiger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13915111 2022-12-30 13915111 2023-12-30 13915111 2022-12-31 2023-12-30 13915111 frs-core:CurrentFinancialInstruments 2023-12-30 13915111 frs-core:Non-currentFinancialInstruments 2023-12-30 13915111 frs-core:ShareCapital 2023-12-30 13915111 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 13915111 frs-bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 13915111 frs-bus:FilletedAccounts 2022-12-31 2023-12-30 13915111 frs-bus:SmallEntities 2022-12-31 2023-12-30 13915111 frs-bus:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 13915111 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 13915111 frs-bus:Director1 2022-12-31 2023-12-30 13915111 frs-bus:Director2 2022-12-31 2023-12-30 13915111 frs-countries:EnglandWales 2022-12-31 2023-12-30 13915111 2022-02-13 13915111 2022-12-30 13915111 2022-02-14 2022-12-30 13915111 frs-core:CurrentFinancialInstruments 2022-12-30 13915111 frs-core:Non-currentFinancialInstruments 2022-12-30 13915111 frs-core:ShareCapital 2022-12-30 13915111 frs-core:RetainedEarningsAccumulatedLosses 2022-12-30
Registered number: 13915111
Pg Rcm Limited
Unaudited Financial Statements
For The Year Ended 30 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13915111
30 December 2023 30 December 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 4,224,927 2,515,630
Debtors 5 254,488 38,393
Cash at bank and in hand 880 288
4,480,295 2,554,311
Creditors: Amounts Falling Due Within One Year 6 (185,680 ) (508,402 )
NET CURRENT ASSETS (LIABILITIES) 4,294,615 2,045,909
TOTAL ASSETS LESS CURRENT LIABILITIES 4,294,615 2,045,909
Creditors: Amounts Falling Due After More Than One Year 7 (4,716,615 ) (2,045,973 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (150,000 ) -
NET LIABILITIES (572,000 ) (64 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (572,001 ) (65 )
SHAREHOLDERS' FUNDS (572,000) (64)
For the year ending 30 December 2023 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
D Gray
Director
12/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Pg Rcm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13915111 . The registered office is Office 1 Number One Bristol, Lewins Mead, Bristol, BS1 2NJ.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
2.3. 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.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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.
3. Average Number of Employees
Average number of employees during the year was: NIL (2022: NIL)
- -
4. Stocks
30 December 2023 30 December 2022
£ £
Work in progress 4,224,927 2,515,630
5. Debtors
30 December 2023 30 December 2022
£ £
Due within one year
Other debtors 254,488 38,393
6. Creditors: Amounts Falling Due Within One Year
30 December 2023 30 December 2022
£ £
Trade creditors 183,680 71,063
Accruals and deferred income 2,000 437,339
185,680 508,402
Page 2
Page 3
7. Creditors: Amounts Falling Due After More Than One Year
30 December 2023 30 December 2022
£ £
Bank loans 2,359,170 -
Other loans 2,357,445 1,868,347
Other creditors - 177,626
4,716,615 2,045,973
The bank loan facility is secured by a fixed and floating charge over the company's assets and a personal guarantee from the directors S Gaiger and D Gray, limited to £250,000 plus interest costs and fees. The loan carries interest at the rate of 5.5% plus the Bank of England base rate subject to a minimum rate of 5.5%. The final instalment is due in August 2026.
The other loan facility is secured by a fixed charge over the company's property known as Redcross Mews, Redcross Street, Bristol, BS2 0BB. The loan carries interest at the rate of 2% above the Bank of England base rate subject to a minimum rate of 6%. The final instalment is due in July 2025.
8. Share Capital
30 December 2023 30 December 2022
£ £
Allotted, Called up and fully paid 1 1
9. Post Balance Sheet Events
In August 2024 DG Consult (Galashiels) Limited acquired the entire share capital of the company from PG Construction Management Holdings Limited  thus becoming the controlling party.
In April 2025 the company agreed new loan terms in relation to its bank loan included in creditors due more than one year. The note included in other creditors due more than one year setting out the terms of the bank loan reflect the new terms.
10. Related Party Transactions
During the year the company made a loan of £807,418 to PG Construction Management Holdings Limited, its parent company at the reporting date. The loan is included in other debtors due less than one year. After the reporting date PG Construction Management Holdings Limited were subject to a winding-up order and the directors have concluded it is unlikely the remaining loan balance will be repaid. Part of the loan balance has been repaid since the reporting date and an impairment adjustment of £568,168 has been made for the remainder.
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