Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09898307 Mr Ben Lawson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09898307 2023-12-31 09898307 2024-12-31 09898307 2024-01-01 2024-12-31 09898307 frs-core:CurrentFinancialInstruments 2024-12-31 09898307 frs-core:Non-currentFinancialInstruments 2024-12-31 09898307 frs-core:BetweenOneFiveYears 2024-12-31 09898307 frs-core:ComputerEquipment 2024-12-31 09898307 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09898307 frs-core:ComputerEquipment 2023-12-31 09898307 frs-core:FurnitureFittings 2024-12-31 09898307 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09898307 frs-core:FurnitureFittings 2023-12-31 09898307 frs-core:MotorVehicles 2024-12-31 09898307 frs-core:MotorVehicles 2024-01-01 2024-12-31 09898307 frs-core:MotorVehicles 2023-12-31 09898307 frs-core:PlantMachinery 2024-12-31 09898307 frs-core:PlantMachinery 2024-01-01 2024-12-31 09898307 frs-core:PlantMachinery 2023-12-31 09898307 frs-core:WithinOneYear 2024-12-31 09898307 frs-core:ShareCapital 2024-12-31 09898307 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09898307 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09898307 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09898307 frs-bus:SmallEntities 2024-01-01 2024-12-31 09898307 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09898307 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09898307 frs-bus:Director1 2024-01-01 2024-12-31 09898307 frs-countries:EnglandWales 2024-01-01 2024-12-31 09898307 2022-12-31 09898307 2023-12-31 09898307 2023-01-01 2023-12-31 09898307 frs-core:CurrentFinancialInstruments 2023-12-31 09898307 frs-core:Non-currentFinancialInstruments 2023-12-31 09898307 frs-core:BetweenOneFiveYears 2023-12-31 09898307 frs-core:WithinOneYear 2023-12-31 09898307 frs-core:ShareCapital 2023-12-31 09898307 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09898307
Project Construction SW Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09898307
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 279,919 88,077
279,919 88,077
CURRENT ASSETS
Stocks 5 137,000 500
Debtors 6 86,924 142,992
Cash at bank and in hand 308,762 293,041
532,686 436,533
Creditors: Amounts Falling Due Within One Year 7 (324,969 ) (252,916 )
NET CURRENT ASSETS (LIABILITIES) 207,717 183,617
TOTAL ASSETS LESS CURRENT LIABILITIES 487,636 271,694
Creditors: Amounts Falling Due After More Than One Year 8 (164,554 ) (32,362 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (46,869 ) (28,985 )
NET ASSETS 276,213 210,347
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 276,113 210,247
SHAREHOLDERS' FUNDS 276,213 210,347
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 Ben Lawson
Director
27/05/2025
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. General Information
Project Construction SW Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09898307 . The registered office is Ground Floor Building A, Green Court, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9LF.
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 rendering of services. Turnover is reduced for estimated customer 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.
2.3. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
2.4. 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 profit and loss account 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 profit and loss account as incurred.
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.
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2.6. 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 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: 5 (2023: 6)
5 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 66,337 62,005 2,450 8,339 139,131
Additions 46,869 316,223 - 749 363,841
Disposals - (146,851 ) - - (146,851 )
As at 31 December 2024 113,206 231,377 2,450 9,088 356,121
Depreciation
As at 1 January 2024 30,313 13,475 153 7,113 51,054
Provided during the period 10,779 25,503 574 447 37,303
Disposals - (12,155 ) - - (12,155 )
As at 31 December 2024 41,092 26,823 727 7,560 76,202
Net Book Value
As at 31 December 2024 72,114 204,554 1,723 1,528 279,919
As at 1 January 2024 36,024 48,530 2,297 1,226 88,077
5. Stocks
2024 2023
£ £
Stock 137,000 500
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,341 7,937
Other debtors 64,583 16,300
86,924 24,237
Due after more than one year
Other debtors - 118,755
86,924 142,992
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 42,614 1,103
Trade creditors 73,662 31,784
Bank loans and overdrafts 5,584 4,412
Corporation tax 1,672 19,181
Other taxes and social security 8,037 2,377
VAT 8,204 7,855
Other creditors 18,834 14,586
Accruals and deferred income 123,000 117,925
Director's loan account 43,362 53,693
324,969 252,916
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 139,959 1,011
Bank loans 24,595 31,351
164,554 32,362
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 42,614 1,103
Later than one year and not later than five years 139,959 1,011
182,573 2,114
182,573 2,114
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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