Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05839964 Mr M Cereste Mrs C Parkin Mr S Cereste iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05839964 2023-09-30 05839964 2024-09-30 05839964 2023-10-01 2024-09-30 05839964 frs-core:CurrentFinancialInstruments 2024-09-30 05839964 frs-core:Non-currentFinancialInstruments 2024-09-30 05839964 frs-core:PlantMachinery 2024-09-30 05839964 frs-core:PlantMachinery 2023-10-01 2024-09-30 05839964 frs-core:PlantMachinery 2023-09-30 05839964 frs-core:ShareCapital 2024-09-30 05839964 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05839964 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05839964 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05839964 frs-bus:SmallEntities 2023-10-01 2024-09-30 05839964 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05839964 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05839964 frs-bus:Director1 2023-10-01 2024-09-30 05839964 frs-bus:Director1 2023-09-30 05839964 frs-bus:Director1 2024-09-30 05839964 frs-bus:Director2 2023-10-01 2024-09-30 05839964 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 05839964 frs-countries:EnglandWales 2023-10-01 2024-09-30 05839964 2022-09-30 05839964 2023-09-30 05839964 2022-10-01 2023-09-30 05839964 frs-core:CurrentFinancialInstruments 2023-09-30 05839964 frs-core:Non-currentFinancialInstruments 2023-09-30 05839964 frs-core:ShareCapital 2023-09-30 05839964 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 05839964
Peterborough Finishing & Mailing Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05839964
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 90,142 119,031
90,142 119,031
CURRENT ASSETS
Stocks 28,110 27,231
Debtors 5 263,128 274,608
Cash at bank and in hand 10,724 37,491
301,962 339,330
Creditors: Amounts Falling Due Within One Year 6 (318,806 ) (373,116 )
NET CURRENT ASSETS (LIABILITIES) (16,844 ) (33,786 )
TOTAL ASSETS LESS CURRENT LIABILITIES 73,298 85,245
Creditors: Amounts Falling Due After More Than One Year 7 (29,339 ) (84,257 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,897 ) -
NET ASSETS 33,062 988
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 32,962 888
SHAREHOLDERS' FUNDS 33,062 988
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 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 C Parkin
Director
19/06/2025
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
Peterborough Finishing & Mailing Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05839964 . The registered office is Unit 18 Ivatt Way Industrial Estate, West Wood, Peterborough, Cambridgeshire, PE3 7PG.
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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. 
Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration 
is the present value of the future receipts. The difference between the fair value of the consideration and 
the nominal amount received is recognised as interest income.
2.4. 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
The gain or loss arising on the disposal of an asset is determined as the difference between the sale 
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.5. 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.
2.6. 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.
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to 
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when 
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a 
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
...CONTINUED
Page 3
Page 4
2.7. Financial Instruments - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual 
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the 
assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.8. 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: 49 (2023: 54)
49 54
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 340,456
Additions 1,018
As at 30 September 2024 341,474
Depreciation
As at 1 October 2023 221,425
Provided during the period 29,907
As at 30 September 2024 251,332
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 September 2024 90,142
As at 1 October 2023 119,031
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 237,100 234,251
Other debtors 26,028 40,357
263,128 274,608
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,770 66,265
Bank loans and overdrafts 54,910 50,250
Other creditors 165,834 186,937
Taxation and social security 58,292 69,664
318,806 373,116
The loan from the factoring company represents advances of £154,620 (2023 £175,004) on the assignment of certain book debts. The factoring company has been given a fixed charge over the debts assigned under the factoring agreement.
The factoring company also has guarantees from Mrs C Parkin of £15,000, Mr M Cereste of £15,000 and a corporate guarantee from Cereste Holdings Limited.
Net obligations under finance lease and hire purchases contracts are secured by a fixed charge on the assets concerned
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,339 84,257
The bank loan is a Coronavirus Business Interruption Loan (CBILS), a government-backed business loan, 
the term of the loan is over 5 years and is due for repayment by March 2026
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Capital Commitments
Total financial commitments which are not included in the balance sheet amount to £390,000 over the next 
5 years (2023 £378,186).
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mrs Catherine Parkin 5,988 100 6,000 - 88
The above loans are unsecured, interest free and repayable on demand.
Page 6