Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05132433 MRS KATY ALLUM MR ROBERT ALLUM iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05132433 2023-12-31 05132433 2024-12-31 05132433 2024-01-01 2024-12-31 05132433 frs-core:CurrentFinancialInstruments 2024-12-31 05132433 frs-core:Non-currentFinancialInstruments 2024-12-31 05132433 frs-core:BetweenOneFiveYears 2024-12-31 05132433 frs-core:ComputerEquipment 2024-12-31 05132433 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05132433 frs-core:ComputerEquipment 2023-12-31 05132433 frs-core:FurnitureFittings 2024-12-31 05132433 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05132433 frs-core:FurnitureFittings 2023-12-31 05132433 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05132433 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05132433 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05132433 frs-core:MotorVehicles 2024-12-31 05132433 frs-core:MotorVehicles 2024-01-01 2024-12-31 05132433 frs-core:MotorVehicles 2023-12-31 05132433 frs-core:PlantMachinery 2024-12-31 05132433 frs-core:PlantMachinery 2024-01-01 2024-12-31 05132433 frs-core:PlantMachinery 2023-12-31 05132433 frs-core:WithinOneYear 2024-12-31 05132433 frs-core:ShareCapital 2024-12-31 05132433 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05132433 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05132433 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05132433 frs-bus:SmallEntities 2024-01-01 2024-12-31 05132433 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05132433 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05132433 frs-core:UnlistedNon-exchangeTraded 2024-12-31 05132433 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05132433 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05132433 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05132433 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 05132433 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05132433 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05132433 frs-bus:Director1 2024-01-01 2024-12-31 05132433 frs-bus:Director1 2023-12-31 05132433 frs-bus:Director1 2024-12-31 05132433 frs-bus:Director2 2024-01-01 2024-12-31 05132433 frs-core:CurrentFinancialInstruments 1 2024-12-31 05132433 frs-core:CurrentFinancialInstruments 2 2024-12-31 05132433 frs-core:CurrentFinancialInstruments 3 2024-12-31 05132433 frs-core:CurrentFinancialInstruments 4 2024-12-31 05132433 frs-core:CurrentFinancialInstruments 5 2024-12-31 05132433 frs-countries:EnglandWales 2024-01-01 2024-12-31 05132433 2022-12-31 05132433 2023-12-31 05132433 2023-01-01 2023-12-31 05132433 frs-core:CurrentFinancialInstruments 2023-12-31 05132433 frs-core:Non-currentFinancialInstruments 2023-12-31 05132433 frs-core:BetweenOneFiveYears 2023-12-31 05132433 frs-core:WithinOneYear 2023-12-31 05132433 frs-core:ShareCapital 2023-12-31 05132433 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05132433 frs-core:CurrentFinancialInstruments 1 2023-12-31 05132433 frs-core:CurrentFinancialInstruments 2 2023-12-31 05132433 frs-core:CurrentFinancialInstruments 3 2023-12-31 05132433 frs-core:CurrentFinancialInstruments 4 2023-12-31 05132433 frs-core:CurrentFinancialInstruments 5 2023-12-31
Registered number: 05132433
PROJX SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05132433
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 638,088 1,178,222
Investments 5 63,621 46,021
701,709 1,224,243
CURRENT ASSETS
Debtors 6 378,776 137,143
Cash at bank and in hand 449,331 84,579
828,107 221,722
Creditors: Amounts Falling Due Within One Year 7 (485,269 ) (432,793 )
NET CURRENT ASSETS (LIABILITIES) 342,838 (211,071 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,044,547 1,013,172
Creditors: Amounts Falling Due After More Than One Year 8 (174,148 ) (201,666 )
NET ASSETS 870,399 811,506
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 870,299 811,406
SHAREHOLDERS' FUNDS 870,399 811,506
Page 1
Page 2
For the year ending 31 December 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 ROBERT ALLUM
Director
01/07/2025
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
PROJX SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05132433 . The registered office is HOWARD HOUSE, WALNUT COURT, ROSE STREET, WOKINGHAM, BERKSHIRE, RG40 1XU.
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 represents net invoiced sales of goods and services, excluding value added tax.
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 15% on cost
Plant & Machinery 15% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on cost
Computer Equipment 25% on cost
Freehold includes costs relating to building improvements and land purchased. The land purchased is excluded from any depreciation.
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. 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.
2.6. 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 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 711,655 25,629 550,557 28,887
Additions - 35,161 172,599 14,340
Disposals (519,824 ) (3,475 ) (215,546 ) (23,233 )
As at 31 December 2024 191,831 57,315 507,610 19,994
Depreciation
As at 1 January 2024 7,150 9,060 128,500 19,601
Provided during the period 900 9,059 66,990 2,987
Disposals (2,791 ) (521 ) (61,450 ) (18,056 )
As at 31 December 2024 5,259 17,598 134,040 4,532
Net Book Value
As at 31 December 2024 186,572 39,717 373,570 15,462
As at 1 January 2024 704,505 16,569 422,057 9,286
Computer Equipment Total
£ £
Cost
As at 1 January 2024 43,410 1,360,138
Additions 9,657 231,757
Disposals (3,096 ) (765,174 )
As at 31 December 2024 49,971 826,721
Depreciation
As at 1 January 2024 17,605 181,916
Provided during the period 10,373 90,309
Disposals (774 ) (83,592 )
As at 31 December 2024 27,204 188,633
Net Book Value
As at 31 December 2024 22,767 638,088
As at 1 January 2024 25,805 1,178,222
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 January 2024 46,021
Additions 17,600
As at 31 December 2024 63,621
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 63,621
As at 1 January 2024 46,021
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,717 137,011
Other debtors 100,000 -
VAT 44,086 132
Directors' loan accounts 184,973 -
378,776 137,143
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,536 33,369
Trade creditors 317,707 236,594
Bank loans and overdrafts - 44,271
Corporation tax 10,324 -
Other taxes and social security 14,504 9,871
Net wages - 286
Pension Creditor 4,961 3,894
Creditors & Accruals 1,580 1,580
Expenses Control Account 4,957 4,201
Projx Engineering Limited 33,600 33,600
Projx Solutions Limited 65,100 65,100
Directors' loan accounts - 27
485,269 432,793
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 174,148 201,666
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 32,536 33,369
Later than one year and not later than five years 174,148 201,666
206,684 235,035
206,684 235,035
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
MR ROBERT ALLUM - 185,000 - - -
At the year end there is a balance of £65,100 (2023-£65,100) owed by Projx Solutions Limited and a balance of £33,600 (2023-£33,600) due from Projx Engineering Limited, of which R Allum is also a controlling director.
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