Acorah Software Products - Accounts Production 16.5.460 false true true 30 December 2023 31 December 2022 false 31 December 2023 30 December 2024 30 December 2024 12288406 B P Campbell V Turner W Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12288406 2023-12-30 12288406 2024-12-30 12288406 2023-12-31 2024-12-30 12288406 frs-core:CurrentFinancialInstruments 2024-12-30 12288406 frs-core:ComputerEquipment 2024-12-30 12288406 frs-core:ComputerEquipment 2023-12-31 2024-12-30 12288406 frs-core:ComputerEquipment 2023-12-30 12288406 frs-core:FurnitureFittings 2024-12-30 12288406 frs-core:FurnitureFittings 2023-12-31 2024-12-30 12288406 frs-core:FurnitureFittings 2023-12-30 12288406 frs-core:ShareCapital 2024-12-30 12288406 frs-core:RetainedEarningsAccumulatedLosses 2024-12-30 12288406 frs-bus:PrivateLimitedCompanyLtd 2023-12-31 2024-12-30 12288406 frs-bus:FilletedAccounts 2023-12-31 2024-12-30 12288406 frs-bus:SmallEntities 2023-12-31 2024-12-30 12288406 frs-bus:AuditExempt-NoAccountantsReport 2023-12-31 2024-12-30 12288406 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-31 2024-12-30 12288406 frs-bus:OrdinaryShareClass1 2023-12-31 2024-12-30 12288406 frs-bus:OrdinaryShareClass1 2024-12-30 12288406 frs-bus:Director1 2023-12-31 2024-12-30 12288406 frs-bus:Director2 2023-12-31 2024-12-30 12288406 frs-bus:Director3 2023-12-31 2024-12-30 12288406 frs-countries:EnglandWales 2023-12-31 2024-12-30 12288406 2022-12-30 12288406 2023-12-30 12288406 2022-12-31 2023-12-30 12288406 frs-core:CurrentFinancialInstruments 2023-12-30 12288406 frs-core:ShareCapital 2023-12-30 12288406 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 12288406 frs-bus:OrdinaryShareClass1 2022-12-31 2023-12-30
Registered number: 12288406
Produce Matters Limited
Unaudited Financial Statements
For The Year Ended 30 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12288406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 35
- 35
CURRENT ASSETS
Stocks 5 40,625 34,808
Debtors 6 331,537 365,821
Cash at bank and in hand 141,426 62,919
513,588 463,548
Creditors: Amounts Falling Due Within One Year 7 (770,335 ) (724,045 )
NET CURRENT ASSETS (LIABILITIES) (256,747 ) (260,497 )
TOTAL ASSETS LESS CURRENT LIABILITIES (256,747 ) (260,462 )
NET LIABILITIES (256,747 ) (260,462 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (256,847 ) (260,562 )
SHAREHOLDERS' FUNDS (256,747) (260,462)
Page 1
Page 2
For the year ending 30 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
V Turner
Director
29/09/2025
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
Produce Matters Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12288406 . The registered office is Office 8 No. 11 Riverside, Riverside Park, Farnham, Surrey, England, GU9 7UG.
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. Going Concern Disclosure
The company had net liabilities of £256,747 (2023: £260,462). However, the directors have confirmed that they will support the company for the foreseeable future. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company made a profit this year and the directors have considered the future anticipated performance of the company and expect to continue to be profitable. The directors are therefore adopting the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and 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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Fixtures & Fittings 33.33% Straight line
Computer Equipment 33.33% Straight line
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, those overheads that have been incurred in bringing the stocks to their present location and condition.
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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2.8. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.9. Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.10. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 25)
27 25
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 31 December 2023 16,888 592 17,480
As at 30 December 2024 16,888 592 17,480
Depreciation
As at 31 December 2023 16,853 592 17,445
Provided during the period 35 - 35
As at 30 December 2024 16,888 592 17,480
Net Book Value
As at 30 December 2024 - - -
As at 31 December 2023 35 - 35
5. Stocks
2024 2023
£ £
Finished goods 40,625 34,808
Page 4
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 330,066 358,151
Prepayments and accrued income 296 2,358
Other debtor 1,175 2,663
VAT Liability - 2,649
331,537 365,821
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 754,927 713,003
Other taxes and social security 9,437 8,976
VAT Liability 3,841 -
Accruals and deferred income 2,130 2,066
770,335 724,045
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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