Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 11 July 2025 1 January 2024 31 December 2024 31 December 2024 12377540 Mr J Pettersson PCB Connct Holding AB true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12377540 2023-12-31 12377540 2024-12-31 12377540 2024-01-01 2024-12-31 12377540 frs-core:CurrentFinancialInstruments 2024-12-31 12377540 frs-core:FurnitureFittings 2024-12-31 12377540 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12377540 frs-core:FurnitureFittings 2023-12-31 12377540 frs-core:ShareCapital 2024-12-31 12377540 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12377540 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12377540 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12377540 frs-bus:SmallEntities 2024-01-01 2024-12-31 12377540 frs-bus:Audited 2024-01-01 2024-12-31 12377540 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12377540 1 2024-01-01 2024-12-31 12377540 frs-bus:Director1 2024-01-01 2024-12-31 12377540 frs-countries:EnglandWales 2024-01-01 2024-12-31 12377540 2022-12-31 12377540 2023-12-31 12377540 2023-01-01 2023-12-31 12377540 frs-core:CurrentFinancialInstruments 2023-12-31 12377540 frs-core:WithinOneYear 2023-12-31 12377540 frs-core:ShareCapital 2023-12-31 12377540 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12377540
PCB Connect Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 12377540
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,282 5,254
4,282 5,254
CURRENT ASSETS
Stocks 5 55 8,035
Debtors 6 41,896 65,683
Cash at bank and in hand 19,833 141,268
61,784 214,986
Creditors: Amounts Falling Due Within One Year 7 (981,798 ) (821,177 )
NET CURRENT ASSETS (LIABILITIES) (920,014 ) (606,191 )
TOTAL ASSETS LESS CURRENT LIABILITIES (915,732 ) (600,937 )
NET LIABILITIES (915,732 ) (600,937 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (915,733 ) (600,938 )
SHAREHOLDERS' FUNDS (915,732) (600,937)
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 Income Statement.
On behalf of the board
Mr J Pettersson
Director
11/07/2025
The notes on pages 2 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PCB Connect Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12377540 . The registered office is 33 Duke Street, Trowbridge, BA14 8EA.
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. Going Concern Disclosure
The company requires the continued support of its parent company, PCB Connect Holding AB, which it currently has and it is anticipated that the existing arrangements will be reviewed annually. It is as a result of this support that the accounts have been prepared on a going concern basis.

2.3. 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.
2.4. 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:
Fixtures & Fittings 20% straight line
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.10. Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
2.11. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

2.12. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 10,266
Additions 1,354
As at 31 December 2024 11,620
Depreciation
As at 1 January 2024 5,012
Provided during the period 2,326
As at 31 December 2024 7,338
Net Book Value
As at 31 December 2024 4,282
As at 1 January 2024 5,254
5. Stocks
2024 2023
£ £
Materials 55 8,035
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,158 29,132
Prepayments and accrued income 2,528 14,168
Other debtors 22,305 18,662
VAT 1,905 3,721
41,896 65,683
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 88,273 10,777
Other taxes and social security 7,438 5,929
Accruals and deferred income 1,573 2,495
Amounts owed to group undertakings 884,514 801,976
981,798 821,177
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
The company has signed a car rental leasing agreement for a 36 month period commencing from July 2023  which was terminated early in May 2024. 
2024 2023
£ £
Not later than one year - 10,543
- 10,543
10. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, not to disclose related party transactions with wholly owned subsidiaries within the group. 
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Controlling Party
The company's ultimate controlling party is PCB Connct Holding AB by virtue of his ownership of 100% of the issued share capital in the company.
13. Audit Information
The auditor's report on the accounts of PCB Connect Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Grahame J Harbour (Senior Statutory Auditor) for and on behalf of Charlton Baker Limited , Statutory Auditor.
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