Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 07398559 Mr John Coleman Mr Enzo Daniele iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07398559 2023-10-31 07398559 2024-10-31 07398559 2023-11-01 2024-10-31 07398559 frs-core:CurrentFinancialInstruments 2024-10-31 07398559 frs-core:ComputerEquipment 2024-10-31 07398559 frs-core:ComputerEquipment 2023-11-01 2024-10-31 07398559 frs-core:ComputerEquipment 2023-10-31 07398559 frs-core:FurnitureFittings 2024-10-31 07398559 frs-core:FurnitureFittings 2023-11-01 2024-10-31 07398559 frs-core:FurnitureFittings 2023-10-31 07398559 frs-core:MotorVehicles 2024-10-31 07398559 frs-core:MotorVehicles 2023-11-01 2024-10-31 07398559 frs-core:MotorVehicles 2023-10-31 07398559 frs-core:ShareCapital 2024-10-31 07398559 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07398559 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07398559 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07398559 frs-bus:SmallEntities 2023-11-01 2024-10-31 07398559 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07398559 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07398559 frs-bus:OrdinaryShareClass2 2023-11-01 2024-10-31 07398559 frs-bus:OrdinaryShareClass2 2024-10-31 07398559 frs-bus:OrdinaryShareClass3 2023-11-01 2024-10-31 07398559 frs-bus:OrdinaryShareClass3 2024-10-31 07398559 frs-bus:Director1 2023-11-01 2024-10-31 07398559 frs-bus:Director1 2023-10-31 07398559 frs-bus:Director1 2024-10-31 07398559 frs-bus:Director2 2023-11-01 2024-10-31 07398559 frs-bus:Director2 2023-10-31 07398559 frs-bus:Director2 2024-10-31 07398559 frs-countries:EnglandWales 2023-11-01 2024-10-31 07398559 2022-10-31 07398559 2023-10-31 07398559 2022-11-01 2023-10-31 07398559 frs-core:CurrentFinancialInstruments 2023-10-31 07398559 frs-core:ShareCapital 2023-10-31 07398559 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07398559 frs-bus:OrdinaryShareClass2 2022-11-01 2023-10-31 07398559 frs-bus:OrdinaryShareClass3 2022-11-01 2023-10-31
Registered number: 07398559
PSTG Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07398559
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,175 20,490
18,175 20,490
CURRENT ASSETS
Stocks 5 94,340 145,420
Debtors 6 1,007,718 1,407,664
Cash at bank and in hand 312,043 243,826
1,414,101 1,796,910
Creditors: Amounts Falling Due Within One Year 7 (713,856 ) (1,125,175 )
NET CURRENT ASSETS (LIABILITIES) 700,245 671,735
TOTAL ASSETS LESS CURRENT LIABILITIES 718,420 692,225
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,544 ) (5,123 )
NET ASSETS 713,876 687,102
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 713,873 687,099
SHAREHOLDERS' FUNDS 713,876 687,102
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For the year ending 31 October 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 John Coleman
Director
Mr Enzo Daniele
Director
25th July 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. General Information
PSTG Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07398559 . The registered office is 6 Mitre Passage, Greenwich Peninsula, London, SE10 0ER.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on reducing balance
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 the profit and loss account as incurred.
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. 
2.6. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
2.7. 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.
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2.8. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. 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.
2.10. Debtors
Short term debtors are measured at transaction price, less any impairment.
2.11. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institution.
2.12. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 16)
16 16
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 24,702 30,022 71,088 125,812
Additions - - 5,868 5,868
As at 31 October 2024 24,702 30,022 76,956 131,680
Depreciation
As at 1 November 2023 22,391 25,893 57,038 105,322
Provided during the period 578 1,032 6,573 8,183
As at 31 October 2024 22,969 26,925 63,611 113,505
Net Book Value
As at 31 October 2024 1,733 3,097 13,345 18,175
As at 1 November 2023 2,311 4,129 14,050 20,490
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5. Stocks
2024 2023
£ £
Work in progress 94,340 145,420
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 877,689 1,305,381
Other debtors 130,029 102,283
1,007,718 1,407,664
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 425,985 850,787
Bank loans and overdrafts - 196
Other creditors 75,353 105,653
Taxation and social security 212,518 168,539
713,856 1,125,175
8. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
20,000 Ordinary A shares of £ 0.0001 each 2 2
1 Ordinary B shares of £ 1.0000 each 1 1
3 -
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr John Coleman 6,112 9,856 6,112 - 9,856
Mr Enzo Daniele 5,197 4,961 5,197 - 4,961
Mr Matthew Griffin 6,659 - 6,659 - -
The above loan is unsecured, interest free and repayable on demand.
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