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 13928170 Mrs H Jordan Mr J M Jordan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13928170 2024-02-29 13928170 2025-02-28 13928170 2024-03-01 2025-02-28 13928170 frs-core:CurrentFinancialInstruments 2025-02-28 13928170 frs-core:ComputerEquipment 2024-03-01 2025-02-28 13928170 frs-core:FurnitureFittings 2024-03-01 2025-02-28 13928170 frs-core:PlantMachinery 2025-02-28 13928170 frs-core:PlantMachinery 2024-03-01 2025-02-28 13928170 frs-core:PlantMachinery 2024-02-29 13928170 frs-core:ShareCapital 2025-02-28 13928170 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13928170 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13928170 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 13928170 frs-bus:SmallEntities 2024-03-01 2025-02-28 13928170 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13928170 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13928170 frs-bus:OrdinaryShareClass2 2024-03-01 2025-02-28 13928170 frs-bus:OrdinaryShareClass2 2025-02-28 13928170 frs-bus:OrdinaryShareClass3 2024-03-01 2025-02-28 13928170 frs-bus:OrdinaryShareClass3 2025-02-28 13928170 frs-bus:Director1 2024-03-01 2025-02-28 13928170 frs-bus:Director2 2024-03-01 2025-02-28 13928170 frs-countries:EnglandWales 2024-03-01 2025-02-28 13928170 2023-02-28 13928170 2024-02-29 13928170 2023-03-01 2024-02-29 13928170 frs-core:CurrentFinancialInstruments 2024-02-29 13928170 frs-core:ShareCapital 2024-02-29 13928170 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13928170 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-29 13928170 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-29
Registered number: 13928170
Producto Talent Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13928170
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,392 1,529
1,392 1,529
CURRENT ASSETS
Debtors 5 85,097 62,945
Cash at bank and in hand 459,766 271,988
544,863 334,933
Creditors: Amounts Falling Due Within One Year 6 (95,289 ) (62,559 )
NET CURRENT ASSETS (LIABILITIES) 449,574 272,374
TOTAL ASSETS LESS CURRENT LIABILITIES 450,966 273,903
NET ASSETS 450,966 273,903
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 450,866 273,803
SHAREHOLDERS' FUNDS 450,966 273,903
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 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 J M Jordan
Director
26 June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Producto Talent Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Permanent Placements
When the outcome of a permanent placement of a candidate can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date on which the candidate commences employment.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 20% straight line
Computer Equipment 33.3% straight line
2.4. Foreign Currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 March 2024 2,755
Additions 832
As at 28 February 2025 3,587
Depreciation
As at 1 March 2024 1,226
Provided during the period 969
As at 28 February 2025 2,195
Net Book Value
As at 28 February 2025 1,392
As at 1 March 2024 1,529
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 84,266 62,538
Prepayments and accrued income 831 -
VAT - 407
85,097 62,945
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 87,084 57,500
VAT 5,916 -
Accruals and deferred income 1,471 1,570
Directors' loan accounts 818 3,489
95,289 62,559
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Page 4
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
25 Ordinary A shares of £ 1.00 each 25 25
75 Ordinary B shares of £ 1.00 each 75 75
100 100
8. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £19,454 (2024 £nil).
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