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 08817487 Mr Christopher Beaver Mrs Frederique Beaver-Lafage iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08817487 2023-12-31 08817487 2024-12-31 08817487 2024-01-01 2024-12-31 08817487 frs-core:CurrentFinancialInstruments 2024-12-31 08817487 frs-core:ComputerEquipment 2024-12-31 08817487 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08817487 frs-core:ComputerEquipment 2023-12-31 08817487 frs-core:FurnitureFittings 2024-12-31 08817487 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08817487 frs-core:FurnitureFittings 2023-12-31 08817487 frs-core:MotorVehicles 2024-12-31 08817487 frs-core:MotorVehicles 2024-01-01 2024-12-31 08817487 frs-core:MotorVehicles 2023-12-31 08817487 frs-core:ShareCapital 2024-12-31 08817487 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08817487 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08817487 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08817487 frs-bus:SmallEntities 2024-01-01 2024-12-31 08817487 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08817487 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08817487 frs-bus:Director1 2024-01-01 2024-12-31 08817487 frs-bus:Director2 2024-01-01 2024-12-31 08817487 frs-countries:EnglandWales 2024-01-01 2024-12-31 08817487 2022-12-31 08817487 2023-12-31 08817487 2023-01-01 2023-12-31 08817487 frs-core:CurrentFinancialInstruments 2023-12-31 08817487 frs-core:ShareCapital 2023-12-31 08817487 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08817487
Planningsphere Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Lerica Tax Accountants Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08817487
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,778 33,620
25,778 33,620
CURRENT ASSETS
Debtors 5 339,458 114,697
Cash at bank and in hand 1,129,776 972,539
1,469,234 1,087,236
Creditors: Amounts Falling Due Within One Year 6 (176,759 ) (115,795 )
NET CURRENT ASSETS (LIABILITIES) 1,292,475 971,441
TOTAL ASSETS LESS CURRENT LIABILITIES 1,318,253 1,005,061
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,444 ) (8,405 )
NET ASSETS 1,311,809 996,656
CAPITAL AND RESERVES
Called up share capital 7 120 120
Profit and Loss Account 1,311,689 996,536
SHAREHOLDERS' FUNDS 1,311,809 996,656
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 Profit and Loss Account.
On behalf of the board
Mr Christopher Beaver
Director
19/06/2025
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
Planningsphere Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08817487 . The registered office is Spaces Northgate House Spaces Northgate House, Upper Borough Walls, Bath, BA1 1RG.
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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
Page 2
Page 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 40,401 8,114 12,471 60,986
Additions - - 750 750
As at 31 December 2024 40,401 8,114 13,221 61,736
Depreciation
As at 1 January 2024 10,100 7,132 10,134 27,366
Provided during the period 7,575 245 772 8,592
As at 31 December 2024 17,675 7,377 10,906 35,958
Net Book Value
As at 31 December 2024 22,726 737 2,315 25,778
As at 1 January 2024 30,301 982 2,337 33,620
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 74,446 70,542
Prepayments and accrued income 6,070 3,668
Amounts owed by group undertakings 258,942 40,487
339,458 114,697
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 174,853 113,919
Accruals and deferred income 1,906 1,876
176,759 115,795
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
Page 3