Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04121908 Mr A Koutsounouris Ms K Kantzou Mr G A Duncan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04121908 2023-12-31 04121908 2024-12-31 04121908 2024-01-01 2024-12-31 04121908 frs-core:CurrentFinancialInstruments 2024-12-31 04121908 frs-core:ComputerEquipment 2024-12-31 04121908 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04121908 frs-core:ComputerEquipment 2023-12-31 04121908 frs-core:FurnitureFittings 2024-12-31 04121908 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04121908 frs-core:FurnitureFittings 2023-12-31 04121908 frs-core:MotorVehicles 2024-12-31 04121908 frs-core:MotorVehicles 2024-01-01 2024-12-31 04121908 frs-core:MotorVehicles 2023-12-31 04121908 frs-core:ShareCapital 2024-12-31 04121908 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04121908 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04121908 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04121908 frs-bus:SmallEntities 2024-01-01 2024-12-31 04121908 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04121908 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04121908 frs-core:CostValuation 2023-12-31 04121908 frs-core:AdditionsToInvestments 2024-12-31 04121908 frs-core:CostValuation 2024-12-31 04121908 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04121908 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04121908 frs-bus:Director1 2024-01-01 2024-12-31 04121908 frs-bus:Director1 2023-12-31 04121908 frs-bus:Director1 2024-12-31 04121908 frs-bus:Director2 2024-01-01 2024-12-31 04121908 frs-bus:Director3 2024-01-01 2024-12-31 04121908 frs-countries:EnglandWales 2024-01-01 2024-12-31 04121908 2022-12-31 04121908 2023-12-31 04121908 2023-01-01 2023-12-31 04121908 frs-core:CurrentFinancialInstruments 2023-12-31 04121908 frs-core:ShareCapital 2023-12-31 04121908 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04121908
Planet Languages Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Frost & Company
Chartered Accountants
Unit C, Regent House
9 Crown Square
Dorchester
Dorset
DT1 3DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04121908
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,547 13,661
Investments 5 56,524 55,942
68,071 69,603
CURRENT ASSETS
Debtors 6 360,023 485,990
Cash at bank and in hand 231,600 238,646
591,623 724,636
Creditors: Amounts Falling Due Within One Year 7 (239,049 ) (269,267 )
NET CURRENT ASSETS (LIABILITIES) 352,574 455,369
TOTAL ASSETS LESS CURRENT LIABILITIES 420,645 524,972
NET ASSETS 420,645 524,972
CAPITAL AND RESERVES
Called up share capital 8 12 12
Profit and Loss Account 420,633 524,960
SHAREHOLDERS' FUNDS 420,645 524,972
Page 1
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 Profit and Loss Account.
On behalf of the board
Mr G A Duncan
Director
22/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Planet Languages Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04121908 . The registered office is Unit C, Regent House, 9 Crown Square, Dorchester, Dorset, DT1 3DY.
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 15% Reducing balance
Computer Equipment 3 Years straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 15)
13 15
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 24,008 12,540 133,791 170,339
Additions - - 6,102 6,102
Disposals (22,351 ) - - (22,351 )
As at 31 December 2024 1,657 12,540 139,893 154,090
Depreciation
As at 1 January 2024 22,272 5,486 128,920 156,678
Provided during the period 14 1,058 5,465 6,537
Disposals (20,672 ) - - (20,672 )
As at 31 December 2024 1,614 6,544 134,385 142,543
Net Book Value
As at 31 December 2024 43 5,996 5,508 11,547
As at 1 January 2024 1,736 7,054 4,871 13,661
Page 4
Page 5
5. Investments
Other
£
Cost
As at 1 January 2024 55,942
Additions 582
As at 31 December 2024 56,524
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 56,524
As at 1 January 2024 55,942
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 328,975 463,907
Other debtors 31,048 22,083
360,023 485,990
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 161,424 96,177
Other creditors 6,735 102,132
Taxation and social security 70,890 70,958
239,049 269,267
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 12
Page 5
Page 6
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Geoffrey Duncan - 25,000 18,000 - 7,000
The above loan is unsecured, interest free and repayable on demand.
Page 6