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 NI648555 Mr James Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI648555 2023-12-31 NI648555 2024-12-31 NI648555 2024-01-01 2024-12-31 NI648555 frs-core:CurrentFinancialInstruments 2024-12-31 NI648555 frs-core:Non-currentFinancialInstruments 2024-12-31 NI648555 frs-core:PlantMachinery 2024-12-31 NI648555 frs-core:PlantMachinery 2024-01-01 2024-12-31 NI648555 frs-core:PlantMachinery 2023-12-31 NI648555 frs-core:ShareCapital 2024-12-31 NI648555 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI648555 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI648555 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI648555 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI648555 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI648555 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI648555 frs-bus:Director1 2024-01-01 2024-12-31 NI648555 frs-bus:Director1 2023-12-31 NI648555 frs-bus:Director1 2024-12-31 NI648555 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI648555 2022-12-31 NI648555 2023-12-31 NI648555 2023-01-01 2023-12-31 NI648555 frs-core:CurrentFinancialInstruments 2023-12-31 NI648555 frs-core:Non-currentFinancialInstruments 2023-12-31 NI648555 frs-core:ShareCapital 2023-12-31 NI648555 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI648555
Precise Access Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
MMC Accountancy Services
ICAEW
6 Linenhall Street
Limavady
BT49 0HQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI648555
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 23,576
1 23,576
CURRENT ASSETS
Debtors 5 50,159 34,832
Cash at bank and in hand - 20,278
50,159 55,110
Creditors: Amounts Falling Due Within One Year 6 (61,530 ) (54,326 )
NET CURRENT ASSETS (LIABILITIES) (11,371 ) 784
TOTAL ASSETS LESS CURRENT LIABILITIES (11,370 ) 24,360
Creditors: Amounts Falling Due After More Than One Year 7 (4,500 ) (12,750 )
NET (LIABILITIES)/ASSETS (15,870 ) 11,610
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (16,870 ) 10,610
SHAREHOLDERS' FUNDS (15,870) 11,610
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 James Smith
Director
17/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Precise Access Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI648555 . The registered office is 10 Baranailt Road, Limavady, BT49 9HJ.
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:
Plant & Machinery 15% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 38,510
Disposals (38,509 )
As at 31 December 2024 1
Depreciation
As at 1 January 2024 14,934
Disposals (14,934 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 23,576
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 15,480
Other debtors 800 -
Directors' loan accounts 49,359 19,352
50,159 34,832
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 25,330
Bank loans and overdrafts 15,462 9,000
Corporation tax - 7,394
Other taxes and social security 817 -
VAT 5,291 9,157
Other creditors 29,289 -
Accruals and deferred income 2,500 3,000
Directors' loan accounts 8,170 445
61,530 54,326
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,500 12,750
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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 James Smith 19,351 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 4