Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 30 May 2024 30 May 2024 11373264 Jack Avery Pamela Parker Dave Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11373264 2023-05-31 11373264 2024-05-30 11373264 2023-06-01 2024-05-30 11373264 frs-core:CurrentFinancialInstruments 2024-05-30 11373264 frs-core:Non-currentFinancialInstruments 2024-05-30 11373264 frs-core:BetweenOneFiveYears 2024-05-30 11373264 frs-core:ComputerEquipment 2024-05-30 11373264 frs-core:ComputerEquipment 2023-06-01 2024-05-30 11373264 frs-core:ComputerEquipment 2023-05-31 11373264 frs-core:FurnitureFittings 2024-05-30 11373264 frs-core:FurnitureFittings 2023-06-01 2024-05-30 11373264 frs-core:FurnitureFittings 2023-05-31 11373264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-30 11373264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-30 11373264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 11373264 frs-core:PlantMachinery 2024-05-30 11373264 frs-core:PlantMachinery 2023-06-01 2024-05-30 11373264 frs-core:PlantMachinery 2023-05-31 11373264 frs-core:WithinOneYear 2024-05-30 11373264 frs-core:ShareCapital 2024-05-30 11373264 frs-core:RetainedEarningsAccumulatedLosses 2024-05-30 11373264 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-30 11373264 frs-bus:FilletedAccounts 2023-06-01 2024-05-30 11373264 frs-bus:SmallEntities 2023-06-01 2024-05-30 11373264 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-30 11373264 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-30 11373264 frs-core:CostValuation 2023-05-31 11373264 frs-core:CostValuation 2024-05-30 11373264 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 11373264 frs-core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-05-30 11373264 frs-core:ProvisionsForImpairmentInvestments 2024-05-30 11373264 frs-bus:Director1 2023-06-01 2024-05-30 11373264 frs-bus:Director2 2023-06-01 2024-05-30 11373264 frs-bus:Director3 2023-06-01 2024-05-30 11373264 frs-countries:EnglandWales 2023-06-01 2024-05-30 11373264 2022-05-31 11373264 2023-05-31 11373264 2022-06-01 2023-05-31 11373264 frs-core:CurrentFinancialInstruments 2023-05-31 11373264 frs-core:Non-currentFinancialInstruments 2023-05-31 11373264 frs-core:BetweenOneFiveYears 2023-05-31 11373264 frs-core:PlantMachinery 2022-06-01 2023-05-31 11373264 frs-core:WithinOneYear 2023-05-31 11373264 frs-core:ShareCapital 2023-05-31 11373264 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11373264
PPSGB Limited
Unaudited Financial Statements
For the Period 1 June 2023 to 30 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11373264
30 May 2024 31 May 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 117,348 130,753
Investments 5 30,000 40,000
147,348 170,753
CURRENT ASSETS
Stocks 6 260,348 245,248
Debtors 7 403,072 320,938
Cash at bank and in hand 7,388 290
670,808 566,476
Creditors: Amounts Falling Due Within One Year 8 (704,977 ) (543,506 )
NET CURRENT ASSETS (LIABILITIES) (34,169 ) 22,970
TOTAL ASSETS LESS CURRENT LIABILITIES 113,179 193,723
Creditors: Amounts Falling Due After More Than One Year 9 (73,198 ) (79,456 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,300 ) (32,700 )
NET ASSETS 10,681 81,567
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 10,581 81,467
SHAREHOLDERS' FUNDS 10,681 81,567
Page 1
Page 2
For the period ending 30 May 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
Jack Avery
Director
9 June 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
PPSGB Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11373264 . The registered office is Protection House, Sherbourne Drive, Milton Keynes, Buckinghamshire, MK7 8HX.
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.
The company had net current liabilities of £34,169 at 30 May 2024.  However, since the period end , the directors have secured additional significant blue chip customer contracts, and they are confident that these new key customers together with further new contracts, will continue to enhance the company's profitability in the months and years to come.  
On this basis the directors consider the preparation of the financial statements on a going concern basis to be most appropriate.
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:
Freehold Straight line 10%
Plant & Machinery Straight line 10%
Fixtures & Fittings Straight line 10%
Computer Equipment Straight line 10%
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 and deferred tax are recognised in profit or loss for the period, 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 period was: 18 (2023: 18)
18 18
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 2,710 155,726 4,265 3,938 166,639
Additions - 815 2,529 433 3,777
As at 30 May 2024 2,710 156,541 6,794 4,371 170,416
Depreciation
As at 1 June 2023 1,296 27,954 3,153 3,483 35,886
Provided during the period 271 15,579 958 374 17,182
As at 30 May 2024 1,567 43,533 4,111 3,857 53,068
Net Book Value
As at 30 May 2024 1,143 113,008 2,683 514 117,348
As at 1 June 2023 1,414 127,772 1,112 455 130,753
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
30 May 2024 31 May 2023
as restated
£ £
Plant & Machinery 49,470 54,117
Page 4
Page 5
5. Investments
Subsidiaries
£
Cost
As at 1 June 2023 70,000
As at 30 May 2024 70,000
Provision
As at 1 June 2023 30,000
Added in period 10,000
As at 30 May 2024 40,000
Net Book Value
As at 30 May 2024 30,000
As at 1 June 2023 40,000
6. Stocks
30 May 2024 31 May 2023
as restated
£ £
Materials and finished goods 260,348 245,248
7. Debtors
30 May 2024 31 May 2023
as restated
£ £
Due within one year
Trade debtors 272,641 285,362
Amounts owed by group undertakings 50,000 -
Other debtors 80,431 35,576
403,072 320,938
8. Creditors: Amounts Falling Due Within One Year
30 May 2024 31 May 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 12,630 12,631
Trade creditors 179,086 117,088
Bank loans and overdrafts 6,776 21,634
Other loans 34,500 31,500
Amounts owed to group undertakings 44,735 19,688
Other creditors 319,751 222,834
Taxation and social security 107,499 118,131
704,977 543,506
Included within other creditors is £244,512 (2023: £213,460) in respect of factored debts included within trade debtors.
Included within other creditors is £18,368 (2023: £22) due to a director. The company received loan advances of £33,899 in the period and made repayments of £15,553 to the director.
Included within other creditors is £8,312 (2023: £312) due to a director. The company received loan advances of £18,000 in the period and made repayments of £10,000 to the director.
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
30 May 2024 31 May 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 33,682 44,676
Bank loans 32,016 34,780
Other loans 7,500 -
73,198 79,456
10. Secured Creditors
Of the creditors due within one year, the following amounts are secured.
A director has also provided a personal guarantee in respect of £22,500 included in other loans due within one year.
30 May 2024 31 May 2023
as restated
£ £
Other Creditors 244,512 213,460
11. Obligations Under Finance Leases and Hire Purchase
30 May 2024 31 May 2023
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,630 12,631
Later than one year and not later than five years 33,682 44,676
46,312 57,307
46,312 57,307
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
30 May 2024 31 May 2023
as restated
£ £
Not later than one year 162,660 148,868
Later than one year and not later than five years 162,660 325,320
325,320 474,188
13. Restatement of prior year
The profit and loss account for the year ended 31 May 2023 and the balance sheet at that date have been restated in these financial statements.  The restatement of the profit and loss account resulted in the inclusion of an impairment loss of £30,000 and a provision for deferred taxation of £32,700, reducing the previously reported profit for that year by £62,700.  Other reclassification adjustments have also been made to items within the profit and loss account and within the balance sheet to ensure their respective presentation is appropriate.  The resulting impact of the restatements is to reduce the reported retained profit for the year to 31 May 2023 by £62,700 and reduced the shareholders' funds by that same amount.
Page 6