Acorah Software Products - Accounts Production 16.4.675 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 08411641 P Purnell R Norcliffe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08411641 2024-02-28 08411641 2025-02-28 08411641 2024-02-29 2025-02-28 08411641 frs-core:CurrentFinancialInstruments 2025-02-28 08411641 frs-core:Non-currentFinancialInstruments 2025-02-28 08411641 frs-core:ComputerEquipment 2025-02-28 08411641 frs-core:ComputerEquipment 2024-02-29 2025-02-28 08411641 frs-core:ComputerEquipment 2024-02-28 08411641 frs-core:FurnitureFittings 2024-02-29 2025-02-28 08411641 frs-core:MotorVehicles 2025-02-28 08411641 frs-core:MotorVehicles 2024-02-29 2025-02-28 08411641 frs-core:MotorVehicles 2024-02-28 08411641 frs-core:ShareCapital 2025-02-28 08411641 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08411641 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 08411641 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 08411641 frs-bus:SmallEntities 2024-02-29 2025-02-28 08411641 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 08411641 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 08411641 frs-bus:OrdinaryShareClass1 2024-02-29 2025-02-28 08411641 frs-bus:OrdinaryShareClass1 2025-02-28 08411641 frs-bus:OrdinaryShareClass2 2024-02-29 2025-02-28 08411641 frs-bus:OrdinaryShareClass2 2025-02-28 08411641 frs-bus:Director1 2024-02-29 2025-02-28 08411641 frs-bus:Director2 2024-02-29 2025-02-28 08411641 frs-countries:EnglandWales 2024-02-29 2025-02-28 08411641 2023-02-28 08411641 2024-02-28 08411641 2023-03-01 2024-02-28 08411641 frs-core:CurrentFinancialInstruments 2024-02-28 08411641 frs-core:Non-currentFinancialInstruments 2024-02-28 08411641 frs-core:ShareCapital 2024-02-28 08411641 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08411641 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 08411641 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-28
Registered number: 08411641
P P 2010 (UK) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08411641
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,980 333
38,980 333
CURRENT ASSETS
Stocks 5 7,798 24,102
Debtors 6 138,652 144,162
Cash at bank and in hand 94,913 85,896
241,363 254,160
Creditors: Amounts Falling Due Within One Year 7 (174,552 ) (231,803 )
NET CURRENT ASSETS (LIABILITIES) 66,811 22,357
TOTAL ASSETS LESS CURRENT LIABILITIES 105,791 22,690
Creditors: Amounts Falling Due After More Than One Year 8 (1,250 ) (19,583 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,700 ) -
NET ASSETS 94,841 3,107
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 94,741 3,007
SHAREHOLDERS' FUNDS 94,841 3,107
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For the year ending 28 February 2025 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
R Norcliffe
Director
27/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P P 2010 (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08411641 . The registered office is 2 Lilly Hall Close, Maltby, Rotherham, South Yorkshire, S66 8RR.
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% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 29 February 2024 34,265 339 34,604
Additions 45,617 - 45,617
As at 28 February 2025 79,882 339 80,221
Depreciation
As at 29 February 2024 34,265 6 34,271
Provided during the period 6,903 67 6,970
As at 28 February 2025 41,168 73 41,241
Net Book Value
As at 28 February 2025 38,714 266 38,980
As at 29 February 2024 - 333 333
5. Stocks
2025 2024
£ £
Stock 7,798 24,102
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 115,172 141,549
Other debtors 23,480 2,613
138,652 144,162
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,093 528
Bank loans and overdrafts 99,240 137,776
Other creditors 2,753 47,328
Taxation and social security 66,466 46,171
174,552 231,803
Included within 'Bank loans and overdrafts' is a factoring facility of £80,907 (2024: £112,776) which is secured by way of fixed and floating charge. The bounce back loan of £18,333 (2024: £18,333) is unsecured and is guaranteed by the UK government.
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans due after one year 1,250 19,583
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
90 Ordinary Shares of £ 1.00 each 90 90
10 Ordinary A shares of £ 1.00 each 10 10
100 100
10. Related Party Transactions
The following amounts were outstanding at the reporting end date:
                                                                                                                                               2025                      2024
                                                                                                                                              £                            £ 
Amounts due to related parties                                                                                                                                                                    
Directors Loan Account                                                                                                              19                      19,583                                                                                                                                          ═══════                ═══════ 
This loan is interest free and repayable on demand.
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