Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03090591 Mr R L Ashley Mr D J Blowers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03090591 2023-08-31 03090591 2024-08-31 03090591 2023-09-01 2024-08-31 03090591 frs-core:CurrentFinancialInstruments 2024-08-31 03090591 frs-core:BetweenOneFiveYears 2024-08-31 03090591 frs-core:ComputerEquipment 2024-08-31 03090591 frs-core:ComputerEquipment 2023-09-01 2024-08-31 03090591 frs-core:ComputerEquipment 2023-08-31 03090591 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 03090591 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 03090591 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 03090591 frs-core:FurnitureFittings 2024-08-31 03090591 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03090591 frs-core:FurnitureFittings 2023-08-31 03090591 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 03090591 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 03090591 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 03090591 frs-core:MoreThanFiveYears 2024-08-31 03090591 frs-core:MotorVehicles 2024-08-31 03090591 frs-core:MotorVehicles 2023-09-01 2024-08-31 03090591 frs-core:MotorVehicles 2023-08-31 03090591 frs-core:PlantMachinery 2023-09-01 2024-08-31 03090591 frs-core:WithinOneYear 2024-08-31 03090591 frs-core:ShareCapital 2024-08-31 03090591 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03090591 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03090591 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03090591 frs-bus:SmallEntities 2023-09-01 2024-08-31 03090591 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03090591 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03090591 frs-core:ListedExchangeTraded 2024-08-31 03090591 frs-core:ListedExchangeTraded 2023-08-31 03090591 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-08-31 03090591 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-08-31 03090591 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-08-31 03090591 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-08-31 03090591 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-08-31 03090591 frs-bus:Director1 2023-09-01 2024-08-31 03090591 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 03090591 frs-countries:EnglandWales 2023-09-01 2024-08-31 03090591 2022-08-31 03090591 2023-08-31 03090591 2022-09-01 2023-08-31 03090591 frs-core:CurrentFinancialInstruments 2023-08-31 03090591 frs-core:BetweenOneFiveYears 2023-08-31 03090591 frs-core:MoreThanFiveYears 2023-08-31 03090591 frs-core:WithinOneYear 2023-08-31 03090591 frs-core:ShareCapital 2023-08-31 03090591 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 03090591
Purchase Direct Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—6
Page 1
Statement of Financial Position
Registered number: 03090591
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 835,138 728,725
Tangible Assets 5 97,392 118,151
Investments 6 2,417 2,186
934,947 849,062
CURRENT ASSETS
Stocks 7 460 460
Debtors 8 1,315,440 1,159,052
Cash at bank and in hand 75,264 329,527
1,391,164 1,489,039
Creditors: Amounts Falling Due Within One Year 9 (1,323,859 ) (1,242,622 )
NET CURRENT ASSETS (LIABILITIES) 67,305 246,417
TOTAL ASSETS LESS CURRENT LIABILITIES 1,002,252 1,095,479
NET ASSETS 1,002,252 1,095,479
CAPITAL AND RESERVES
Called up share capital 10 2 2
Income Statement 1,002,250 1,095,477
SHAREHOLDERS' FUNDS 1,002,252 1,095,479
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Statement.
On behalf of the board
Mr R L Ashley
Director
26/08/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Purchase Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03090591 . The registered office is 4 Falcon Way, Shire Park, Welwyn Garden City, Hertfordshire, AL7 1TW.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. Once the project becomes live, the capitalised development costs will be subsequently amortised to the Trading Income Statement on a straight line basis over their expected useful economic lives, which range from 5 to 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Leasehold over the remaining period of the lease
Plant & Machinery 33% on cost
Motor Vehicles 33% on reducing balance
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
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 income statement 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 income statement 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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Page 3
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 101 (2023: 84)
101 84
4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2023 728,725
Additions 155,083
As at 31 August 2024 883,808
Amortisation
As at 1 September 2023 -
Provided during the period 48,670
As at 31 August 2024 48,670
Net Book Value
As at 31 August 2024 835,138
As at 1 September 2023 728,725
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 129,856 22,460 55,987 33,369 241,672
Disposals - (22,460 ) - - (22,460 )
As at 31 August 2024 129,856 - 55,987 33,369 219,212
...CONTINUED
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Page 4
Depreciation
As at 1 September 2023 16,231 17,934 55,987 33,369 123,521
Provided during the period 16,233 125 - - 16,358
Disposals - (18,059 ) - - (18,059 )
As at 31 August 2024 32,464 - 55,987 33,369 121,820
Net Book Value
As at 31 August 2024 97,392 - - - 97,392
As at 1 September 2023 113,625 4,526 - - 118,151
6. Investments
Listed
£
Cost
As at 1 September 2023 2,186
Revaluations 231
As at 31 August 2024 2,417
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 2,417
As at 1 September 2023 2,186
7. Stocks
2024 2023
£ £
Finished goods 460 460
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 492,466 440,438
Prepayments and accrued income 202,034 190,395
Other debtors 18,737 1,284
Amounts owed by associates 602,203 526,935
1,315,440 1,159,052
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Page 5
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 450,483 385,534
Corporation tax 10,695 221
Other taxes and social security 70,594 74,212
VAT 71,761 41,061
Other creditors 52,919 45,353
Accruals and deferred income 667,407 696,241
1,323,859 1,242,622
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 378,098 289,920
Later than one year and not later than five years 904,207 653,812
Later than five years 407,041 782,453
1,689,346 1,726,185
The company entered in to a 10 year lease for rent of the premises commencing September 2021. Under the terms of the lease the period from September 2021 to May 2023 was rent free. The credit in respect of the notional rent covering the rent free period is spread evenly over the term of the lease.
12. Related Party Transactions
Other informationThe Purchase Direct Limited bank overdraft facility is personally guaranteed by R Ashley, the director of the company.

Other information

The Purchase Direct Limited bank overdraft facility is personally guaranteed by R Ashley, the director of the company.

Financial Performance Solutions LtdA company in which R Ashley is a shareholderIncluded in associated companies is an amount of £71,683 (2023 £15,787) due from Financial Performance Solutions Ltd.

Financial Performance Solutions Ltd

A company in which R Ashley is a shareholder

Included in associated companies is an amount of £71,683 (2023 £15,787) due from Financial Performance Solutions Ltd.

Outsourced Waste LimitedA company in which R Ashley is a shareholder and directorIncluded in associated companies is an amount of £197,369 (2023-£154,466) due from Outsourced Waste Limited. Purchase Direct Limited charged sales of £2,234,090 (2023 £1,561,040 Outsourced Waste Limited during the year.

Outsourced Waste Limited

A company in which R Ashley is a shareholder and director

Included in associated companies is an amount of £197,369 (2023-£154,466) due from Outsourced Waste Limited. Purchase Direct Limited charged sales of £2,234,090 (2023 £1,561,040 Outsourced Waste Limited during the year.

Outsourced Telecom LimitedA company in which F Ashley (wife of R Ashley) is a shareholder and director.Included in associated companies is a balance of £136,498 due from (2023 - £118,156) Outsourced Telecom Limited. Outsourced Telecom Limited charged telephone costs of £28,782 (2023- £33,738) to Purchase Direct Limited during the year. Sales of £554,920 ( 2023- £454,264) were charged from Purchase Direct Limited to Outsourced Telecom Limited. Commision of £nil (2023 £128,604)and manageemnt fees of £41,300 (2023 £nil) was paid by Purchase Direct Ltd to Outsourced Telecom Ltd.

Outsourced Telecom Limited

A company in which F Ashley (wife of R Ashley) is a shareholder and director.

Included in associated companies is a balance of £136,498 due from (2023 - £118,156) Outsourced Telecom Limited. Outsourced Telecom Limited charged telephone costs of £28,782 (2023- £33,738) to Purchase Direct Limited during the year. Sales of £554,920 ( 2023- £454,264) were charged from Purchase Direct Limited to Outsourced Telecom Limited. Commision of £nil (2023 £128,604)and manageemnt fees of £41,300 (2023 £nil) was paid by Purchase Direct Ltd to Outsourced Telecom Ltd.

YF& I LtdA company in which R Ashley is a shareholder and directorIncluded in associated companies is an amount of £196,653 (2023 - £238,527) due from YF& I Ltd.

YF& I Ltd

A company in which R Ashley is a shareholder and director

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Included in associated companies is an amount of £196,653 (2023 - £238,527) due from YF& I Ltd.

Barclays Security Trustee Limited have a fixed and floating charge over all the property or undertakings of the company. The chage contains a negative pledge.
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