Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09673156 Mr Henry Stanislaw Philip Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09673156 2023-12-31 09673156 2024-12-31 09673156 2024-01-01 2024-12-31 09673156 frs-core:CurrentFinancialInstruments 2024-12-31 09673156 frs-core:ComputerEquipment 2024-12-31 09673156 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09673156 frs-core:ComputerEquipment 2023-12-31 09673156 frs-core:FurnitureFittings 2024-12-31 09673156 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09673156 frs-core:FurnitureFittings 2023-12-31 09673156 frs-core:ShareCapital 2024-12-31 09673156 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09673156 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09673156 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09673156 frs-bus:SmallEntities 2024-01-01 2024-12-31 09673156 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09673156 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09673156 frs-core:CostValuation 2023-12-31 09673156 frs-core:CostValuation 2024-12-31 09673156 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09673156 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09673156 frs-bus:Director1 2024-01-01 2024-12-31 09673156 frs-countries:EnglandWales 2024-01-01 2024-12-31 09673156 2022-12-31 09673156 2023-12-31 09673156 2023-01-01 2023-12-31 09673156 frs-core:CurrentFinancialInstruments 2023-12-31 09673156 frs-core:ShareCapital 2023-12-31 09673156 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09673156
Perfect Daily Grind Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09673156
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,465 3,669
Investments 5 100,000 100,000
102,465 103,669
CURRENT ASSETS
Debtors 6 250,972 246,767
Cash at bank and in hand 1,054,834 849,135
1,305,806 1,095,902
Creditors: Amounts Falling Due Within One Year 7 (182,632 ) (174,201 )
NET CURRENT ASSETS (LIABILITIES) 1,123,174 921,701
TOTAL ASSETS LESS CURRENT LIABILITIES 1,225,639 1,025,370
NET ASSETS 1,225,639 1,025,370
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,225,638 1,025,369
SHAREHOLDERS' FUNDS 1,225,639 1,025,370
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 Henry Stanislaw Philip Wilson
Director
20/06/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Perfect Daily Grind Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09673156 . The registered office is Webster Griffin Brooklands Park, Farningham Road, Crowborough, United Kingdom, TN6 2JD.
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
Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% reducing balance
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
2.5. 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.
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2.6. 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 director, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 13,030 3,490 16,520
Additions 276 600 876
As at 31 December 2024 13,306 4,090 17,396
Depreciation
As at 1 January 2024 11,212 1,639 12,851
Provided during the period 1,467 613 2,080
As at 31 December 2024 12,679 2,252 14,931
Net Book Value
As at 31 December 2024 627 1,838 2,465
As at 1 January 2024 1,818 1,851 3,669
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5. Investments
Associates
£
Cost
As at 1 January 2024 100,000
As at 31 December 2024 100,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 100,000
As at 1 January 2024 100,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 247,791 245,009
Other debtors 3,181 1,758
250,972 246,767
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,981 13,543
Bank loans and overdrafts 23 23
Amounts owed to group undertakings 51,483 52,744
Other creditors 4,211 14,797
Taxation and social security 111,934 93,094
182,632 174,201
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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