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 06426893 Mrs Jennifer O'Grady Mrs Patricia O'Grady iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06426893 2023-12-31 06426893 2024-12-31 06426893 2024-01-01 2024-12-31 06426893 frs-core:CurrentFinancialInstruments 2024-12-31 06426893 frs-core:Non-currentFinancialInstruments 2024-12-31 06426893 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06426893 frs-core:FurnitureFittings 2024-12-31 06426893 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06426893 frs-core:FurnitureFittings 2023-12-31 06426893 frs-core:MotorVehicles 2024-12-31 06426893 frs-core:MotorVehicles 2024-01-01 2024-12-31 06426893 frs-core:MotorVehicles 2023-12-31 06426893 frs-core:PlantMachinery 2024-12-31 06426893 frs-core:PlantMachinery 2024-01-01 2024-12-31 06426893 frs-core:PlantMachinery 2023-12-31 06426893 frs-core:ShareCapital 2024-12-31 06426893 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06426893 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06426893 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06426893 frs-bus:SmallEntities 2024-01-01 2024-12-31 06426893 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06426893 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06426893 frs-bus:Director1 2024-01-01 2024-12-31 06426893 frs-bus:Director1 2023-12-31 06426893 frs-bus:Director1 2024-12-31 06426893 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06426893 frs-countries:EnglandWales 2024-01-01 2024-12-31 06426893 2022-12-31 06426893 2023-12-31 06426893 2023-01-01 2023-12-31 06426893 frs-core:CurrentFinancialInstruments 2023-12-31 06426893 frs-core:Non-currentFinancialInstruments 2023-12-31 06426893 frs-core:ShareCapital 2023-12-31 06426893 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06426893
Democracy PR Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06426893
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,813 22,566
24,813 22,566
CURRENT ASSETS
Debtors 5 447,393 204,939
Cash at bank and in hand 45,077 339,317
492,470 544,256
Creditors: Amounts Falling Due Within One Year 6 (379,286 ) (409,734 )
NET CURRENT ASSETS (LIABILITIES) 113,184 134,522
TOTAL ASSETS LESS CURRENT LIABILITIES 137,997 157,088
Creditors: Amounts Falling Due After More Than One Year 7 (24,384 ) (93,356 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,203 ) (4,288 )
NET ASSETS 107,410 59,444
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 107,409 59,443
SHAREHOLDERS' FUNDS 107,410 59,444
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Jennifer O'Grady
Director
30th September 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
Democracy PR Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06426893 . The registered office is 1st Floor The Box Works, 62 Beech Road, Manchester, M21 9EQ.
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.
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 20% Straight Line
Motor Vehicles 20 % DV
Fixtures & Fittings 25% DV
Computer Equipment 20% 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.
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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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 20)
21 20
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 92,647 - 107,770 200,417
Additions 5,777 12,778 296 18,851
Disposals (24,210 ) - - (24,210 )
As at 31 December 2024 74,214 12,778 108,066 195,058
Depreciation
As at 1 January 2024 73,229 - 104,622 177,851
Provided during the period 5,917 1,491 1,049 8,457
Disposals (16,063 ) - - (16,063 )
As at 31 December 2024 63,083 1,491 105,671 170,245
Net Book Value
As at 31 December 2024 11,131 11,287 2,395 24,813
As at 1 January 2024 19,418 - 3,148 22,566
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 358,071 148,985
Other debtors 58,880 42,260
Director's loan account 30,442 13,694
447,393 204,939
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 68,395 51,229
Bank loans and overdrafts 69,367 63,808
Corporation tax 82,271 3,946
Other taxes and social security 15,023 13,735
VAT 37,939 93,239
Net wages 185 -
Other creditors 106,106 183,777
379,286 409,734
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,384 93,356
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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
£ £ £ £ £
Mrs Jennifer O'Grady 13,694 79,948 (63,200 ) - 30,442
The above loan is unsecured, interest free and repayable on demand.
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