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 04395705 Miss Claire Delaney Mr Simon Rule Addition Corporate Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04395705 2023-12-31 04395705 2024-12-31 04395705 2024-01-01 2024-12-31 04395705 frs-core:CurrentFinancialInstruments 2024-12-31 04395705 frs-core:Non-currentFinancialInstruments 2024-12-31 04395705 frs-core:ComputerEquipment 2024-12-31 04395705 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04395705 frs-core:ComputerEquipment 2023-12-31 04395705 frs-core:FurnitureFittings 2024-12-31 04395705 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04395705 frs-core:FurnitureFittings 2023-12-31 04395705 frs-core:NetGoodwill 2024-12-31 04395705 frs-core:NetGoodwill 2024-01-01 2024-12-31 04395705 frs-core:NetGoodwill 2023-12-31 04395705 frs-core:OtherResidualIntangibleAssets 2024-12-31 04395705 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 04395705 frs-core:OtherResidualIntangibleAssets 2023-12-31 04395705 frs-core:SharePremium 2024-12-31 04395705 frs-core:ShareCapital 2024-12-31 04395705 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04395705 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04395705 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04395705 frs-bus:SmallEntities 2024-01-01 2024-12-31 04395705 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04395705 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04395705 frs-bus:Director1 2024-01-01 2024-12-31 04395705 frs-bus:Director2 2024-01-01 2024-12-31 04395705 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04395705 frs-countries:EnglandWales 2024-01-01 2024-12-31 04395705 2022-12-31 04395705 2023-12-31 04395705 2023-01-01 2023-12-31 04395705 frs-core:CurrentFinancialInstruments 2023-12-31 04395705 frs-core:Non-currentFinancialInstruments 2023-12-31 04395705 frs-core:SharePremium 2023-12-31 04395705 frs-core:ShareCapital 2023-12-31 04395705 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04395705
Place Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Regent Chapel Street
Penzance
Cornwall
TR18 4AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04395705
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 142,727 146,236
Tangible Assets 5 22,936 25,568
165,663 171,804
CURRENT ASSETS
Debtors 6 719,146 1,092,523
Cash at bank and in hand 355,449 288,603
1,074,595 1,381,126
Creditors: Amounts Falling Due Within One Year 7 (267,533 ) (506,805 )
NET CURRENT ASSETS (LIABILITIES) 807,062 874,321
TOTAL ASSETS LESS CURRENT LIABILITIES 972,725 1,046,125
NET ASSETS 972,725 1,046,125
CAPITAL AND RESERVES
Called up share capital 8 3,634 3,634
Share premium account 139,221 139,221
Profit and Loss Account 829,870 903,270
SHAREHOLDERS' FUNDS 972,725 1,046,125
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
Miss Claire Delaney
Director
Mr Simon Rule
Director
30/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Place Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04395705 . The registered office is The Regent Chapel Street, Penzance, Cornwall, TR18 4AE.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
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:
Fixtures & Fittings Reducing Balance 25%
Computer Equipment Reducing Balance 25%
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 26)
22 26
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2024 32,900 217,365 250,265
Additions - 4,480 4,480
As at 31 December 2024 32,900 221,845 254,745
Amortisation
As at 1 January 2024 29,995 74,034 104,029
Provided during the period 269 7,720 7,989
As at 31 December 2024 30,264 81,754 112,018
Net Book Value
As at 31 December 2024 2,636 140,091 142,727
As at 1 January 2024 2,905 143,331 146,236
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 214,145 32,149 246,294
Additions 4,414 - 4,414
As at 31 December 2024 218,559 32,149 250,708
Depreciation
As at 1 January 2024 214,301 6,425 220,726
Provided during the period 7,046 - 7,046
As at 31 December 2024 221,347 6,425 227,772
Net Book Value
As at 31 December 2024 (2,788 ) 25,724 22,936
As at 1 January 2024 (156 ) 25,724 25,568
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 679,781 891,279
Prepayments and accrued income 16,794 189,327
Sundry debtors - 2,030
Directors' loan accounts 16,876 9,887
713,451 1,092,523
...CONTINUED
Page 4
Page 5
Due after more than one year
Corporation tax recoverable assets 5,695 -
719,146 1,092,523
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,821 89,661
Corporation tax 64,630 141,692
Other taxes and social security 20,595 33,012
VAT 151,991 217,746
Net wages 2,983 4,329
Accruals and deferred income 4,513 20,365
267,533 506,805
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,634 3,634
Page 5