Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10595076 Mr Daniel Quinney Mr Lawrence Potts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10595076 2024-03-31 10595076 2025-03-31 10595076 2024-04-01 2025-03-31 10595076 frs-core:CurrentFinancialInstruments 2025-03-31 10595076 frs-core:Non-currentFinancialInstruments 2025-03-31 10595076 frs-core:BetweenOneFiveYears 2025-03-31 10595076 frs-core:ComputerEquipment 2025-03-31 10595076 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10595076 frs-core:ComputerEquipment 2024-03-31 10595076 frs-core:MotorVehicles 2025-03-31 10595076 frs-core:MotorVehicles 2024-04-01 2025-03-31 10595076 frs-core:MotorVehicles 2024-03-31 10595076 frs-core:PlantMachinery 2025-03-31 10595076 frs-core:PlantMachinery 2024-04-01 2025-03-31 10595076 frs-core:PlantMachinery 2024-03-31 10595076 frs-core:WithinOneYear 2025-03-31 10595076 frs-core:ShareCapital 2025-03-31 10595076 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10595076 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10595076 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10595076 frs-bus:SmallEntities 2024-04-01 2025-03-31 10595076 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10595076 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10595076 frs-bus:Director1 2024-04-01 2025-03-31 10595076 frs-bus:Director2 2024-04-01 2025-03-31 10595076 frs-core:CurrentFinancialInstruments 1 2025-03-31 10595076 frs-core:CurrentFinancialInstruments 2 2025-03-31 10595076 frs-countries:EnglandWales 2024-04-01 2025-03-31 10595076 2023-03-31 10595076 2024-03-31 10595076 2023-04-01 2024-03-31 10595076 frs-core:CurrentFinancialInstruments 2024-03-31 10595076 frs-core:Non-currentFinancialInstruments 2024-03-31 10595076 frs-core:BetweenOneFiveYears 2024-03-31 10595076 frs-core:WithinOneYear 2024-03-31 10595076 frs-core:ShareCapital 2024-03-31 10595076 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10595076 frs-core:CurrentFinancialInstruments 1 2024-03-31 10595076 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 10595076
Potts & Quinney Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10595076
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 27,653 36,635
27,653 36,635
CURRENT ASSETS
Stocks 4 3,250 6,600
Debtors 5 26,981 16,044
Cash at bank and in hand 45,019 64,424
75,250 87,068
Creditors: Amounts Falling Due Within One Year 6 (37,871 ) (44,018 )
NET CURRENT ASSETS (LIABILITIES) 37,379 43,050
TOTAL ASSETS LESS CURRENT LIABILITIES 65,032 79,685
Creditors: Amounts Falling Due After More Than One Year 7 (13,983 ) (17,662 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,254 ) (6,960 )
NET ASSETS 45,795 55,063
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 45,695 54,963
SHAREHOLDERS' FUNDS 45,795 55,063
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For the year ending 31 March 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 Daniel Quinney
Director
30/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
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.
1.3. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
1.4. 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.
1.5. 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.
1.6. 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 year 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2024: 3)
3 3
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3. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 2,621 59,125 2,260 64,006
Additions - - 582 582
Disposals - - (791 ) (791 )
As at 31 March 2025 2,621 59,125 2,051 63,797
Depreciation
As at 1 April 2024 1,643 23,755 1,973 27,371
Provided during the period 243 8,842 276 9,361
Disposals - - (588 ) (588 )
As at 31 March 2025 1,886 32,597 1,661 36,144
Net Book Value
As at 31 March 2025 735 26,528 390 27,653
As at 1 April 2024 978 35,370 287 36,635
4. Stocks
2025 2024
£ £
Finished goods 3,250 3,000
Work in progress - 3,600
3,250 6,600
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 25,931 15,413
CIS 1,050 631
26,981 16,044
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,416 4,416
Trade creditors 4,619 24,982
Corporation tax 19,930 8,461
VAT 4,390 4,011
Other creditor 2,499 -
Pensions payable 285 -
Accruals current 709 675
Directors' loan accounts 1,023 1,473
37,871 44,018
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,983 17,662
13,983 17,662
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The maturity of these amounts is as follows:
Within one year 4,416 4,416
Between one and five years 13,983 17,662
18,399 22,078
18,399 22,078
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. General Information
Potts & Quinney Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10595076 . The registered office is 1 Milnyard Square, Orton Southgate, Peterborough, PE2 6GX.
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