Acorah Software Products - Accounts Production 16.4.675 false true 31 May 2024 10 May 2023 false 1 June 2024 31 May 2025 31 May 2025 14860090 Mr Liam Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14860090 2024-05-31 14860090 2025-05-31 14860090 2024-06-01 2025-05-31 14860090 frs-core:CurrentFinancialInstruments 2025-05-31 14860090 frs-core:ComputerEquipment 2025-05-31 14860090 frs-core:ComputerEquipment 2024-06-01 2025-05-31 14860090 frs-core:ComputerEquipment 2024-05-31 14860090 frs-core:FurnitureFittings 2025-05-31 14860090 frs-core:FurnitureFittings 2024-06-01 2025-05-31 14860090 frs-core:FurnitureFittings 2024-05-31 14860090 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-31 14860090 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 14860090 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 14860090 frs-core:ShareCapital 2025-05-31 14860090 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 14860090 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14860090 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 14860090 frs-bus:SmallEntities 2024-06-01 2025-05-31 14860090 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 14860090 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 14860090 frs-bus:Director1 2024-06-01 2025-05-31 14860090 frs-countries:EnglandWales 2024-06-01 2025-05-31 14860090 2023-05-09 14860090 2024-05-31 14860090 2023-05-10 2024-05-31 14860090 frs-core:CurrentFinancialInstruments 2024-05-31 14860090 frs-core:ShareCapital 2024-05-31 14860090 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 14860090
Protean Recruitment Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Purple Lime Accountancy
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14860090
31 May 2025 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,315 9,532
6,315 9,532
CURRENT ASSETS
Debtors 5 3,306 26,665
Cash at bank and in hand 269,276 6,699
272,582 33,364
Creditors: Amounts Falling Due Within One Year 6 (177,419 ) (20,376 )
NET CURRENT ASSETS (LIABILITIES) 95,163 12,988
TOTAL ASSETS LESS CURRENT LIABILITIES 101,478 22,520
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,578 ) (2,383 )
NET ASSETS 99,900 20,137
CAPITAL AND RESERVES
Called up share capital 7 100 1
Profit and Loss Account 99,800 20,136
SHAREHOLDERS' FUNDS 99,900 20,137
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Liam Hughes
Director
18/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Protean Recruitment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14860090 . The registered office is 9 South Street, Corsham, SN13 9HB.
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. 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 33% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 10,851 3,000 316 14,167
Additions - - 1,768 1,768
As at 31 May 2025 10,851 3,000 2,084 15,935
Depreciation
As at 1 June 2024 3,617 1,000 18 4,635
Provided during the period 3,581 990 414 4,985
As at 31 May 2025 7,198 1,990 432 9,620
Net Book Value
As at 31 May 2025 3,653 1,010 1,652 6,315
As at 1 June 2024 7,234 2,000 298 9,532
5. Debtors
31 May 2025 31 May 2024
£ £
Due within one year
Trade debtors - 21,589
Other debtors 3,306 5,076
3,306 26,665
6. Creditors: Amounts Falling Due Within One Year
31 May 2025 31 May 2024
£ £
Trade creditors 378 521
Other creditors 80,424 211
Taxation and social security 96,617 19,644
177,419 20,376
7. Share Capital
31 May 2025 31 May 2024
£ £
Allotted, Called up and fully paid 100 1
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