Acorah Software Products - Accounts Production 16.5.460 false true true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 05917708 Mr Jagtar Cheema Mr J Cheema true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05917708 2024-02-28 05917708 2025-02-28 05917708 2024-02-29 2025-02-28 05917708 frs-core:CurrentFinancialInstruments 2025-02-28 05917708 frs-core:Non-currentFinancialInstruments 2025-02-28 05917708 frs-core:ComputerEquipment 2025-02-28 05917708 frs-core:ComputerEquipment 2024-02-29 2025-02-28 05917708 frs-core:ComputerEquipment 2024-02-28 05917708 frs-core:FurnitureFittings 2025-02-28 05917708 frs-core:FurnitureFittings 2024-02-29 2025-02-28 05917708 frs-core:FurnitureFittings 2024-02-28 05917708 frs-core:NetGoodwill 2025-02-28 05917708 frs-core:NetGoodwill 2024-02-29 2025-02-28 05917708 frs-core:NetGoodwill 2024-02-28 05917708 frs-core:MotorVehicles 2025-02-28 05917708 frs-core:MotorVehicles 2024-02-29 2025-02-28 05917708 frs-core:MotorVehicles 2024-02-28 05917708 frs-core:ShareCapital 2025-02-28 05917708 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 05917708 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 05917708 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 05917708 frs-bus:SmallEntities 2024-02-29 2025-02-28 05917708 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 05917708 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 05917708 1 2024-02-29 2025-02-28 05917708 frs-bus:Director1 2024-02-29 2025-02-28 05917708 frs-bus:Director1 2024-02-28 05917708 frs-bus:Director1 2025-02-28 05917708 frs-core:CurrentFinancialInstruments 1 2025-02-28 05917708 frs-core:CurrentFinancialInstruments 2 2025-02-28 05917708 frs-countries:EnglandWales 2024-02-29 2025-02-28 05917708 2023-02-28 05917708 2024-02-28 05917708 2023-03-01 2024-02-28 05917708 frs-core:CurrentFinancialInstruments 2024-02-28 05917708 frs-core:Non-currentFinancialInstruments 2024-02-28 05917708 frs-core:ShareCapital 2024-02-28 05917708 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 05917708 frs-core:CurrentFinancialInstruments 1 2024-02-28 05917708 frs-core:CurrentFinancialInstruments 2 2024-02-28
Registered number: 05917708
Platinum One Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Platinum One Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Platinum One Limited
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 05917708

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 16,068 |  | 21,424
|  |  | 16,068 |  | 21,424
CURRENT ASSETS
Debtors | 6 | 5,091 |  | 5,904 |
Cash at bank and in hand |  | 18 |  | 158 |
|  | 5,109 |  | 6,062 |
Creditors: Amounts Falling Due Within One Year | 7 | (97,083 ) |  | (64,375 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (91,974 ) |  | (58,313 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (75,906 ) |  | (36,889 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (7,275 ) |  | (17,312 )
NET LIABILITIES |  |  | (83,181 ) |  | (54,201 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | (83,281 ) |  | (54,301 )
SHAREHOLDERS' FUNDS |  |  | (83,181) |  | (54,201)

Page 1
Page 2
Platinum One Limited
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 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 his 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 Jagtar Cheema Director
3 June 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Platinum One Limited
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Platinum One Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05917708 . The registered office is 11 Greens End, Woolwich, London, SE18 6HX.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, the director has pledged their continued financial support.
2.3. 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.
2.4. 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. Goodwill has been amortised in full.
2.5. 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:

Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 25% reducing balance

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: 6 (2024: 6)
6 6
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 29 February 2024 | 32,500
As at 28 February 2025 | 32,500
Amortisation
As at 29 February 2024 | 32,500
As at 28 February 2025 | 32,500

...CONTINUED
Page 3
Page 4
Platinum One Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025

Net Book Value
As at 28 February 2025 | -
As at 29 February 2024 | -

5. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 29 February 2024 | 48,575 | 4,681 | 30,865 | 84,121
As at 28 February 2025 | 48,575 | 4,681 | 30,865 | 84,121
Depreciation
As at 29 February 2024 | 30,939 | 4,618 | 27,140 | 62,697
Provided during the period | 4,409 | 16 | 931 | 5,356
As at 28 February 2025 | 35,348 | 4,634 | 28,071 | 68,053
Net Book Value
As at 28 February 2025 | 13,227 | 47 | 2,794 | 16,068
As at 29 February 2024 | 17,636 | 63 | 3,725 | 21,424

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 179 |  | 1,960
Other taxes and social security | 4,912 |  | 3,944
| 5,091 |  | 5,904

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 30,047 |  | 30,088
VAT | - |  | 2,748
Credit Card | 36 |  | 271
Pension liability | 68 |  | -
Director's loan account | 66,932 |  | 31,268
| 97,083 |  | 64,375

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 7,275 |  | 17,312

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 4
Page 5
Platinum One Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans due to directors:

| As at 29 February 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 28 February 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Jagtar Cheema | 31,268 | 42,679 | 78,343 | - | 66,932

The above loan is unsecured, interest free, repayable on demand and ranks equally with other unsecured creditors of the company.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Cheema by virtue of his ownership of 100% of the issued share capital in the company.
Page 5