Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07053856 Mr Adrian Thompson Mrs Miranda Thompson Mrs Miranda Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07053856 2023-09-30 07053856 2024-09-30 07053856 2023-10-01 2024-09-30 07053856 frs-core:CurrentFinancialInstruments 2024-09-30 07053856 frs-core:Non-currentFinancialInstruments 2024-09-30 07053856 frs-core:ComputerEquipment 2024-09-30 07053856 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07053856 frs-core:ComputerEquipment 2023-09-30 07053856 frs-core:FurnitureFittings 2024-09-30 07053856 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07053856 frs-core:FurnitureFittings 2023-09-30 07053856 frs-core:NetGoodwill 2024-09-30 07053856 frs-core:NetGoodwill 2023-10-01 2024-09-30 07053856 frs-core:NetGoodwill 2023-09-30 07053856 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 07053856 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 07053856 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 07053856 frs-core:ShareCapital 2024-09-30 07053856 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07053856 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07053856 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07053856 frs-bus:SmallEntities 2023-10-01 2024-09-30 07053856 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07053856 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07053856 frs-core:ListedExchangeTraded 2024-09-30 07053856 frs-core:ListedExchangeTraded 2023-09-30 07053856 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-09-30 07053856 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-09-30 07053856 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-09-30 07053856 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-09-30 07053856 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-09-30 07053856 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-09-30 07053856 frs-bus:Director1 2023-10-01 2024-09-30 07053856 frs-bus:Director2 2023-10-01 2024-09-30 07053856 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 07053856 frs-countries:EnglandWales 2023-10-01 2024-09-30 07053856 2022-09-30 07053856 2023-09-30 07053856 2022-10-01 2023-09-30 07053856 frs-core:CurrentFinancialInstruments 2023-09-30 07053856 frs-core:Non-currentFinancialInstruments 2023-09-30 07053856 frs-core:ShareCapital 2023-09-30 07053856 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07053856
Performance Direct (Bristol) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Mensis Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07053856
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,288 2,883
Investments 6 71,192 246,892
73,480 249,775
CURRENT ASSETS
Stocks 7 362,486 119,986
Debtors 8 - 213
Cash at bank and in hand 1,288,740 1,365,763
1,651,226 1,485,962
Creditors: Amounts Falling Due Within One Year 9 (3,549 ) (765 )
NET CURRENT ASSETS (LIABILITIES) 1,647,677 1,485,197
TOTAL ASSETS LESS CURRENT LIABILITIES 1,721,157 1,734,972
Creditors: Amounts Falling Due After More Than One Year 10 (28,660 ) (15,451 )
NET ASSETS 1,692,497 1,719,521
CAPITAL AND RESERVES
Called up share capital 11 500 500
Profit and Loss Account 1,691,997 1,719,021
SHAREHOLDERS' FUNDS 1,692,497 1,719,521
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
Mr Adrian Thompson
Director
24/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Performance Direct (Bristol) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07053856 . The registered office is 31 Lingfield Park, Downend, Bristol, BS16 6RN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Leasehold 10 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 5 years straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 150,000
As at 30 September 2024 150,000
Amortisation
As at 1 October 2023 150,000
As at 30 September 2024 150,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 4,039 3,912 14,194 22,145
As at 30 September 2024 4,039 3,912 14,194 22,145
Depreciation
As at 1 October 2023 1,649 3,418 14,195 19,262
Provided during the period 404 192 (1 ) 595
As at 30 September 2024 2,053 3,610 14,194 19,857
Net Book Value
As at 30 September 2024 1,986 302 - 2,288
As at 1 October 2023 2,390 494 (1 ) 2,883
6. Investments
Listed
£
Cost
As at 1 October 2023 246,892
Additions 8,500
Disposals (184,200 )
As at 30 September 2024 71,192
Provision
As at 1 October 2023 -
As at 30 September 2024 -
...CONTINUED
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Page 5
Net Book Value
As at 30 September 2024 71,192
As at 1 October 2023 246,892
7. Stocks
2024 2023
£ £
Finished goods 362,486 119,986
8. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 155
VAT - 58
- 213
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 23 -
Other taxes and social security 30 30
VAT 3,046 -
Other creditors - 284
Accruals and deferred income 450 450
3,549 765
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 28,660 15,451
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
Page 5