Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07885250 Mr Lee Shepard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07885250 2023-09-30 07885250 2024-09-30 07885250 2023-10-01 2024-09-30 07885250 frs-core:CurrentFinancialInstruments 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 2024-09-30 07885250 frs-core:BetweenOneFiveYears 2024-09-30 07885250 frs-core:ComputerEquipment 2024-09-30 07885250 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07885250 frs-core:ComputerEquipment 2023-09-30 07885250 frs-core:MotorVehicles 2024-09-30 07885250 frs-core:MotorVehicles 2023-10-01 2024-09-30 07885250 frs-core:MotorVehicles 2023-09-30 07885250 frs-core:PlantMachinery 2024-09-30 07885250 frs-core:PlantMachinery 2023-10-01 2024-09-30 07885250 frs-core:PlantMachinery 2023-09-30 07885250 frs-core:WithinOneYear 2024-09-30 07885250 frs-core:ShareCapital 2024-09-30 07885250 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07885250 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07885250 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07885250 frs-bus:SmallEntities 2023-10-01 2024-09-30 07885250 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07885250 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07885250 frs-bus:Director1 2023-10-01 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 2 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 3 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 4 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 5 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 6 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 7 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 8 2024-09-30 07885250 frs-core:Non-currentFinancialInstruments 9 2024-09-30 07885250 frs-countries:EnglandWales 2023-10-01 2024-09-30 07885250 2022-09-30 07885250 2023-09-30 07885250 2022-10-01 2023-09-30 07885250 frs-core:CurrentFinancialInstruments 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 2023-09-30 07885250 frs-core:BetweenOneFiveYears 2023-09-30 07885250 frs-core:WithinOneYear 2023-09-30 07885250 frs-core:ShareCapital 2023-09-30 07885250 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 2 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 3 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 4 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 5 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 6 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 7 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 8 2023-09-30 07885250 frs-core:Non-currentFinancialInstruments 9 2023-09-30
Registered number: 07885250
Prem Chem Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Swift Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07885250
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,045,765 674,823
1,045,765 674,823
CURRENT ASSETS
Debtors 5 - 25,906
Cash at bank and in hand 85,349 36,114
85,349 62,020
Creditors: Amounts Falling Due Within One Year 6 (175,543 ) (167,539 )
NET CURRENT ASSETS (LIABILITIES) (90,194 ) (105,519 )
TOTAL ASSETS LESS CURRENT LIABILITIES 955,571 569,304
Creditors: Amounts Falling Due After More Than One Year 7 (885,905 ) (568,759 )
NET ASSETS 69,666 545
CAPITAL AND RESERVES
Called up share capital 9 57 57
Profit and Loss Account 69,609 488
SHAREHOLDERS' FUNDS 69,666 545
Page 1
Page 2
For the year ending 30 September 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 Lee Shepard
Director
28/11/2024
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
Prem Chem Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07885250 . The registered office is Swift Accountants 3 Chowley Court, Chowley Oak Business Park, Bolesworth Estates, Cheshire, CH3 9GA.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Page 3
Page 4
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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 8)
15 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 374,003 975,866 3,825 1,353,694
Additions - 679,791 - 679,791
Disposals - - (3,825 ) (3,825 )
As at 30 September 2024 374,003 1,655,657 - 2,029,660
Depreciation
As at 1 October 2023 314,086 360,960 3,825 678,871
Provided during the period 14,979 293,870 - 308,849
Disposals - - (3,825 ) (3,825 )
As at 30 September 2024 329,065 654,830 - 983,895
...CONTINUED
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Page 5
Net Book Value
As at 30 September 2024 44,938 1,000,827 - 1,045,765
As at 1 October 2023 59,917 614,906 - 674,823
5. Debtors
2024 2023
£ £
Due within one year
VAT - 25,906
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 121,546 134,291
Bank loans and overdrafts 698 4,578
Other creditors 20,343 18,495
Taxation and social security 32,956 10,175
175,543 167,539
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 86,489
Bank loans 16,104 26,665
Hire Purchase 2 - VFS finance 45,247 52,656
Hire Purchase 3 - Close Brothers 190,989 241,919
Hire Purchase 4 - Haydock 57,768 72,405
Hire Purchase 5 - Haydock - 7,334
Hire Purchase 6 - Metro 10,875 23,958
Hire Purchase 7 - Metro - 3,333
NLS Hire Loan 54,000 54,000
Hire Purchase 8 186,062 -
Hire Purchase 9 281,609 -
Hire Purchase 10 43,251 -
885,905 568,759
Page 5
Page 6
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - -
Later than one year and not later than five years - 86,489
- 86,489
- 86,489
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 57 57
Page 6