Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08639206 Mr A L O'Brien Mr A L O'Brien iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08639206 2023-08-31 08639206 2024-08-31 08639206 2023-09-01 2024-08-31 08639206 frs-core:CurrentFinancialInstruments 2024-08-31 08639206 frs-core:Non-currentFinancialInstruments 2024-08-31 08639206 frs-core:ComputerEquipment 2024-08-31 08639206 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08639206 frs-core:ComputerEquipment 2023-08-31 08639206 frs-core:FurnitureFittings 2024-08-31 08639206 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08639206 frs-core:FurnitureFittings 2023-08-31 08639206 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08639206 frs-core:ShareCapital 2024-08-31 08639206 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08639206 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08639206 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08639206 frs-bus:SmallEntities 2023-09-01 2024-08-31 08639206 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08639206 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08639206 frs-bus:Director1 2023-09-01 2024-08-31 08639206 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 08639206 frs-countries:EnglandWales 2023-09-01 2024-08-31 08639206 2022-08-31 08639206 2023-08-31 08639206 2022-09-01 2023-08-31 08639206 frs-core:CurrentFinancialInstruments 2023-08-31 08639206 frs-core:Non-currentFinancialInstruments 2023-08-31 08639206 frs-core:ShareCapital 2023-08-31 08639206 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08639206
Profici (NW) Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08639206
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,345 9,670
25,345 9,670
CURRENT ASSETS
Stocks 5 - 3,500
Debtors 6 241,360 190,630
Cash at bank and in hand 7,412 32,973
248,772 227,103
Creditors: Amounts Falling Due Within One Year 7 (171,132 ) (149,695 )
NET CURRENT ASSETS (LIABILITIES) 77,640 77,408
TOTAL ASSETS LESS CURRENT LIABILITIES 102,985 87,078
Creditors: Amounts Falling Due After More Than One Year 8 (112,290 ) (112,370 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,816 ) (1,837 )
NET LIABILITIES (14,121 ) (27,129 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (14,123 ) (27,131 )
SHAREHOLDERS' FUNDS (14,121) (27,129)
Page 1
Page 2
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 A L O'Brien
Director
23 May 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
Profici (NW) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08639206 . The registered office is Exchange Station, Tithebarn Street, Liverpool, Merseyide, L2 2QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The company is able to meet its day to day working capital requirements through the support of its director. Therefore the director considers it appropriate to prepare the financial statements on the 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.
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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 25% Reducing Balance
Fixtures and fittings 25% Reducing Balance
Computer equipment 25% Reducing Balance
2.5. 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.
2.6. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Page 3
Page 4
2.7. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably.
Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 6)
8 6
4. Tangible Assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
As at 1 September 2023 13,820 11,192 25,012
Additions 24,123 - 24,123
As at 31 August 2024 37,943 11,192 49,135
Depreciation
As at 1 September 2023 9,250 6,092 15,342
Provided during the period 7,173 1,275 8,448
As at 31 August 2024 16,423 7,367 23,790
Net Book Value
As at 31 August 2024 21,520 3,825 25,345
As at 1 September 2023 4,570 5,100 9,670
5. Stocks
2024 2023
£ £
Stock - 3,500
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 224,390 155,192
Other debtors 16,970 35,438
241,360 190,630
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,625 7,064
Bank loans and overdrafts 89,311 61,603
Other creditors 5,943 3,802
Taxation and social security 68,253 77,226
171,132 149,695
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 112,290 112,370
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
The director received advances during the year totalling £56,572 (2023: £100,056) and repaid an amounts totalling £59,264 (2023: £64,684). All advances are repayable on demand. The advance carried forward is £342 (2023: £2,350).
11. Related Party Transactions
The following related party transactions were yndertaken during the year:
During the period the director withdrew amounts of £56,572 (2023: £100,056) and introduced capital of £59,264 (2023: £64,684). At the balance sheet date the amounts owed to the director totalled £342 (2023: amount owed from the director was £2,350).
No dividends were paid to the director in respect of their shareholdings (2023: £Nil).
The aggregate remuneration paid to key management personnel for the year was £37,279 (2023: £12,000).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic or Ireland'.
Page 5