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 06923257 Mrs Sarah Piper Mr David Piper Horton Enterprise Park, Hortonwood 50, Telford, Shropshire, United Kingdom, TF1 7GZ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06923257 2023-08-31 06923257 2024-08-31 06923257 2023-09-01 2024-08-31 06923257 frs-core:CurrentFinancialInstruments 2024-08-31 06923257 frs-core:Non-currentFinancialInstruments 2024-08-31 06923257 frs-core:ComputerEquipment 2024-08-31 06923257 frs-core:ComputerEquipment 2023-09-01 2024-08-31 06923257 frs-core:ComputerEquipment 2023-08-31 06923257 frs-core:FurnitureFittings 2024-08-31 06923257 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06923257 frs-core:FurnitureFittings 2023-08-31 06923257 frs-core:MotorVehicles 2024-08-31 06923257 frs-core:MotorVehicles 2023-09-01 2024-08-31 06923257 frs-core:MotorVehicles 2023-08-31 06923257 frs-core:PlantMachinery 2024-08-31 06923257 frs-core:PlantMachinery 2023-09-01 2024-08-31 06923257 frs-core:PlantMachinery 2023-08-31 06923257 frs-core:ShareCapital 2024-08-31 06923257 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06923257 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06923257 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06923257 frs-bus:SmallEntities 2023-09-01 2024-08-31 06923257 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06923257 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06923257 1 2023-09-01 2024-08-31 06923257 frs-bus:Director1 2023-09-01 2024-08-31 06923257 frs-bus:Director2 2023-09-01 2024-08-31 06923257 frs-countries:EnglandWales 2023-09-01 2024-08-31 06923257 2022-08-31 06923257 2023-08-31 06923257 2022-09-01 2023-08-31 06923257 frs-core:CurrentFinancialInstruments 2023-08-31 06923257 frs-core:Non-currentFinancialInstruments 2023-08-31 06923257 frs-core:ShareCapital 2023-08-31 06923257 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06923257
Pro 2 Pro Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06923257
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 192,502 159,568
192,502 159,568
CURRENT ASSETS
Stocks 5 - 975
Debtors 6 492,883 874,474
Cash at bank and in hand 1,542,690 131,718
2,035,573 1,007,167
Creditors: Amounts Falling Due Within One Year 7 (374,432 ) (277,077 )
NET CURRENT ASSETS (LIABILITIES) 1,661,141 730,090
TOTAL ASSETS LESS CURRENT LIABILITIES 1,853,643 889,658
Creditors: Amounts Falling Due After More Than One Year 8 (441,581 ) (23,927 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,968 ) (28,600 )
NET ASSETS 1,366,094 837,131
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,365,994 837,031
SHAREHOLDERS' FUNDS 1,366,094 837,131
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 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
Mrs Sarah Piper
Director
Mr David Piper
Director
28 May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pro 2 Pro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06923257 . The registered office is Horton Enterprise Park, Hortonwood 50, Telford, Shropshire, TF1 7GZ.
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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balace
Fixtures & Fittings 15% reducing balance
Computer Equipment 33.33% on cost
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.7. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 431,161 75,842 34,059 76,768 617,830
Additions 1,200 24,370 45,843 540 71,953
As at 31 August 2024 432,361 100,212 79,902 77,308 689,783
Depreciation
As at 1 September 2023 325,627 52,180 23,596 56,859 458,262
Provided during the period 16,010 5,916 5,427 11,666 39,019
As at 31 August 2024 341,637 58,096 29,023 68,525 497,281
Net Book Value
As at 31 August 2024 90,724 42,116 50,879 8,783 192,502
As at 1 September 2023 105,534 23,662 10,463 19,909 159,568
5. Stocks
2024 2023
£ £
Stock - 250
Work in progress - 725
- 975
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 390,921 509,754
Prepayments and accrued income 12,594 21,742
Other debtors - 125,605
Directors' loan accounts - 112,777
Amounts owed by group undertakings 89,368 104,596
492,883 874,474
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,387 11,855
Trade creditors 32,482 137,228
Bank loans and overdrafts 10,000 9,999
Corporation tax 88,581 28,000
Other taxes and social security 23,170 19,903
VAT 162,840 29,962
Net wages - 35,184
Other creditors 12,166 815
Accruals and deferred income 38,806 4,131
374,432 277,077
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 6,427
Bank loans 7,500 17,500
Amounts owed to group undertakings 434,081 -
441,581 23,927
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,387 18,282
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in creditors amounts falling due after more than one year is a balance of £434,081 due to the parent company, Pro 2 Pro Holdings Limited (2023: £Nil).  Dividends paid to Pro 2 Pro Holdings Limited during the year were £300,305 (2023: £Nil).
Page 5
Page 6
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Pro 2 Pro Holdings Limited . Pro 2 Pro Holdings Limited was incorporated in England & Wales with it's registered office in Horton Enterprise Park, Hortonwood 50, Telford, Shropshire, United Kingdom, TF1 7GZ
Page 6