Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 13940691 Mr Peter Loader Peter Loader true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13940691 2024-02-29 13940691 2025-02-28 13940691 2024-03-01 2025-02-28 13940691 frs-core:CurrentFinancialInstruments 2025-02-28 13940691 frs-core:ComputerEquipment 2025-02-28 13940691 frs-core:ComputerEquipment 2024-03-01 2025-02-28 13940691 frs-core:ComputerEquipment 2024-02-29 13940691 frs-core:ShareCapital 2025-02-28 13940691 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13940691 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13940691 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 13940691 frs-bus:SmallEntities 2024-03-01 2025-02-28 13940691 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 13940691 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13940691 1 2024-03-01 2025-02-28 13940691 frs-bus:Director1 2024-03-01 2025-02-28 13940691 frs-countries:EnglandWales 2024-03-01 2025-02-28 13940691 2023-02-28 13940691 2024-02-29 13940691 2023-03-01 2024-02-29 13940691 frs-core:CurrentFinancialInstruments 2024-02-29 13940691 frs-core:ShareCapital 2024-02-29 13940691 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 13940691
PL Insights Limited
Financial Statements
For The Year Ended 28 February 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of PL Insights Limited for the year ended 28 February 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PL Insights Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of PL Insights Limited , as a body, in accordance with the terms of our engagement letter dated 02 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of PL Insights Limited and state those matters that we have agreed to state to the director of PL Insights Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PL Insights Limited and its director as a body for our work or for this report.
It is your duty to ensure that PL Insights Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of PL Insights Limited . You consider that PL Insights Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PL Insights Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
6th June 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Page 1
Page 2
Balance Sheet
Registered number: 13940691
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,162 1,550
1,162 1,550
CURRENT ASSETS
Debtors 5 2,779 3,515
Cash at bank and in hand 46,727 64,160
49,506 67,675
Creditors: Amounts Falling Due Within One Year 6 (23,323 ) (31,075 )
NET CURRENT ASSETS (LIABILITIES) 26,183 36,600
TOTAL ASSETS LESS CURRENT LIABILITIES 27,345 38,150
NET ASSETS 27,345 38,150
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 27,344 38,149
SHAREHOLDERS' FUNDS 27,345 38,150
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Page 3
For the year ending 28 February 2025 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 Peter Loader
Director
6th June 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
PL Insights Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13940691 . The registered office is 4 Montgomerie Close, Powick, Worcester, WR2 4QW.
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 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.
2.3. 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:
Computer Equipment 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
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. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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.
2.6. 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.
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2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2024 1,583
As at 28 February 2025 1,583
Depreciation
As at 1 March 2024 33
Provided during the period 388
As at 28 February 2025 421
Net Book Value
As at 28 February 2025 1,162
As at 1 March 2024 1,550
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 3,317
Prepayments and accrued income 114 198
Corporation tax recoverable assets 2,437 -
VAT 228 -
2,779 3,515
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Page 6
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,575 119
Corporation tax - 5,431
Other taxes and social security 289 289
VAT - 4,257
Accruals and deferred income 500 980
Director's loan account 19,959 19,999
23,323 31,075
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Peter Loader by virtue of his ownership of 100% of the issued share capital in the company.
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