Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03336266 Mr G Dunleavey Mr W Heijboer Mr R De Jesus Soreto Miss H Bishop Mr M Thrun Miss H Bishop iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03336266 2023-12-31 03336266 2024-12-31 03336266 2024-01-01 2024-12-31 03336266 frs-core:CurrentFinancialInstruments 2024-12-31 03336266 frs-core:FurnitureFittings 2024-12-31 03336266 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03336266 frs-core:FurnitureFittings 2023-12-31 03336266 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03336266 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 03336266 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03336266 frs-bus:SmallEntities 2024-01-01 2024-12-31 03336266 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03336266 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03336266 frs-bus:Director1 2024-01-01 2024-12-31 03336266 frs-bus:Director2 2024-01-01 2024-12-31 03336266 frs-bus:Director3 2024-01-01 2024-12-31 03336266 frs-bus:Director4 2024-01-01 2024-12-31 03336266 frs-bus:Director5 2024-01-01 2024-12-31 03336266 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03336266 frs-countries:EnglandWales 2024-01-01 2024-12-31 03336266 2022-12-31 03336266 2023-12-31 03336266 2023-01-01 2023-12-31 03336266 frs-core:CurrentFinancialInstruments 2023-12-31 03336266 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03336266
Photoluminescent Safety Products Association
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03336266
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 - 1,326
Cash at bank and in hand 62,184 74,673
62,184 75,999
Creditors: Amounts Falling Due Within One Year 6 (3,729 ) (4,448 )
NET CURRENT ASSETS (LIABILITIES) 58,455 71,551
TOTAL ASSETS LESS CURRENT LIABILITIES 58,455 71,551
NET ASSETS 58,455 71,551
Income and Expenditure Account 58,455 71,551
MEMBERS' FUNDS 58,455 71,551
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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 Income and Expenditure Account.
On behalf of the board
Mr G Dunleavey
Director
19 May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Photoluminescent Safety Products Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 03336266 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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.
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:
Fixtures & Fittings 30% reducing balance
2.4. Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purpose of making a profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 9,263
As at 31 December 2024 9,263
Depreciation
As at 1 January 2024 9,263
As at 31 December 2024 9,263
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,125
Prepayments and accrued income - 201
- 1,326
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,589 2,558
Accruals and deferred income 1,140 1,890
3,729 4,448
7. Company limited by guarantee
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £10.
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