Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 8 August 2025 1 January 2024 31 December 2024 31 December 2024 14341839 Mr James Lyon Mr Paul Brown Mr Gavin Sims Mr Stephen Lyon Mr Peter Alexander Mr Jonathan Alexander iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14341839 2023-12-31 14341839 2024-12-31 14341839 2024-01-01 2024-12-31 14341839 frs-core:CurrentFinancialInstruments 2024-12-31 14341839 frs-core:Non-currentFinancialInstruments 2024-12-31 14341839 frs-core:ComputerEquipment 2024-12-31 14341839 frs-core:ComputerEquipment 2024-01-01 2024-12-31 14341839 frs-core:ComputerEquipment 2023-12-31 14341839 frs-core:NetGoodwill 2024-12-31 14341839 frs-core:NetGoodwill 2024-01-01 2024-12-31 14341839 frs-core:NetGoodwill 2023-12-31 14341839 frs-core:MotorVehicles 2024-12-31 14341839 frs-core:MotorVehicles 2024-01-01 2024-12-31 14341839 frs-core:MotorVehicles 2023-12-31 14341839 frs-core:PlantMachinery 2024-12-31 14341839 frs-core:PlantMachinery 2024-01-01 2024-12-31 14341839 frs-core:PlantMachinery 2023-12-31 14341839 frs-core:ShareCapital 2024-12-31 14341839 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14341839 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14341839 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14341839 frs-bus:SmallEntities 2024-01-01 2024-12-31 14341839 frs-bus:Audited 2024-01-01 2024-12-31 14341839 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14341839 frs-bus:Director1 2024-01-01 2024-12-31 14341839 frs-bus:Director2 2024-01-01 2024-12-31 14341839 frs-bus:Director3 2024-01-01 2024-12-31 14341839 frs-bus:Director4 2024-01-01 2024-12-31 14341839 frs-bus:Director5 2024-01-01 2024-12-31 14341839 frs-bus:Director6 2024-01-01 2024-12-31 14341839 frs-countries:EnglandWales 2024-01-01 2024-12-31 14341839 2022-12-31 14341839 2023-12-31 14341839 2023-01-01 2023-12-31 14341839 frs-core:CurrentFinancialInstruments 2023-12-31 14341839 frs-core:Non-currentFinancialInstruments 2023-12-31 14341839 frs-core:ShareCapital 2023-12-31 14341839 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14341839
Playcubed Ltd
Financial Statements
For The Year Ended 31 December 2024
Montacs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 14341839
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 252,948 284,838
Tangible Assets 5 94,097 135,595
347,045 420,433
CURRENT ASSETS
Stocks 6 59,173 52,453
Debtors 7 1,042,018 1,183,860
Cash at bank and in hand 221,935 24,335
1,323,126 1,260,648
Creditors: Amounts Falling Due Within One Year 8 (900,320 ) (937,457 )
NET CURRENT ASSETS (LIABILITIES) 422,806 323,191
TOTAL ASSETS LESS CURRENT LIABILITIES 769,851 743,624
Creditors: Amounts Falling Due After More Than One Year 9 - (10,040 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,524 ) (18,833 )
NET ASSETS 746,327 714,751
CAPITAL AND RESERVES
Called up share capital 10 700,100 700,100
Profit and Loss Account 46,227 14,651
SHAREHOLDERS' FUNDS 746,327 714,751
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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 Jonathan Alexander
Director
08/08/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Playcubed Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14341839 . The registered office is Chalcraft Nurseries Shirehall Road, Hawley, Dartford, Kent, DA2 7SE.
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, whcih is the functional currency of the entity.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Plant & Machinery 33% straight line
Motor Vehicles 25% reducing balance
Computer Equipment 25% straight line
2.5. 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.
2.6. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Financial Instruments
A financial asset or a financial liability is recognised only when the entity 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.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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 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: 16 (2023: 18)
16 18
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 318,903
As at 31 December 2024 318,903
Amortisation
As at 1 January 2024 34,065
Provided during the period 31,890
As at 31 December 2024 65,955
Net Book Value
As at 31 December 2024 252,948
As at 1 January 2024 284,838
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 7,603 175,292 1,958 184,853
Additions 2,862 47,512 - 50,374
Disposals - (64,560 ) - (64,560 )
As at 31 December 2024 10,465 158,244 1,958 170,667
Depreciation
As at 1 January 2024 2,652 46,524 82 49,258
Provided during the period 2,287 36,826 489 39,602
Disposals - (12,290 ) - (12,290 )
As at 31 December 2024 4,939 71,060 571 76,570
Net Book Value
As at 31 December 2024 5,526 87,184 1,387 94,097
As at 1 January 2024 4,951 128,768 1,876 135,595
6. Stocks
2024 2023
£ £
Stock 59,173 52,453
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 408,342 606,037
Amounts owed by connected parties 354,081 357,274
Amounts owed by group undertakings 129,698 207,351
Other debtors 149,897 13,198
1,042,018 1,183,860
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 199,483 180,084
Amounts owed to group undertakings 542,329 525,078
Other creditors 71,602 107,599
Taxation and social security 86,906 124,696
900,320 937,457
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 10,040
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 700,100 700,100
11. Related Party Transactions
Within Debtors there are amounts owed from connected parties totalling £354,081
The company has taken advantage of the 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.
12. 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.
13. Additional Notes to the accounts
The parent company that produces consolidated accounts is Valley Provincial Holdings Ltd whose registered office is Chalcraft Nurseries Shirehall Road, Hawley, Dartford, Kent, DA2 7SE
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14. Audit Information
The auditor's report on the accounts of Playcubed Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Lyndsay Nicholson FCA (Senior Statutory Auditor) for and on behalf of Riverside Accountancy Lancaster Limited , Statutory Auditor.
Riverside Accountancy Lancaster Limited
Suite 2, 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SU
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