Acorah Software Products - Accounts Production 16.4.675 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10846128 Mr Bernard Potton Mrs Susan Potton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10846128 2023-07-31 10846128 2024-07-31 10846128 2023-08-01 2024-07-31 10846128 frs-core:CurrentFinancialInstruments 2024-07-31 10846128 frs-core:Non-currentFinancialInstruments 2024-07-31 10846128 frs-core:ComputerEquipment 2024-07-31 10846128 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10846128 frs-core:ComputerEquipment 2023-07-31 10846128 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10846128 frs-core:PlantMachinery 2023-08-01 2024-07-31 10846128 frs-core:ShareCapital 2024-07-31 10846128 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10846128 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10846128 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10846128 frs-bus:SmallEntities 2023-08-01 2024-07-31 10846128 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10846128 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10846128 frs-bus:Director1 2023-08-01 2024-07-31 10846128 frs-bus:Director2 2023-08-01 2024-07-31 10846128 frs-core:CurrentFinancialInstruments 1 2024-07-31 10846128 frs-core:CurrentFinancialInstruments 2 2024-07-31 10846128 frs-countries:EnglandWales 2023-08-01 2024-07-31 10846128 2022-07-31 10846128 2023-07-31 10846128 2022-08-01 2023-07-31 10846128 frs-core:CurrentFinancialInstruments 2023-07-31 10846128 frs-core:Non-currentFinancialInstruments 2023-07-31 10846128 frs-core:ShareCapital 2023-07-31 10846128 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10846128 frs-core:CurrentFinancialInstruments 1 2023-07-31 10846128 frs-core:CurrentFinancialInstruments 2 2023-07-31
Registered number: 10846128
Potton Services Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Ascot Sinclair Associates Ltd
Chartered Certified Accountants
Avondale House
262 Uxbridge Road
Hatch End
Middlesex
HA5 4HS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10846128
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 324 432
324 432
CURRENT ASSETS
Debtors 5 568,220 307,414
Cash at bank and in hand 4,783 55,151
573,003 362,565
Creditors: Amounts Falling Due Within One Year 6 (229,807 ) (134,548 )
NET CURRENT ASSETS (LIABILITIES) 343,196 228,017
TOTAL ASSETS LESS CURRENT LIABILITIES 343,520 228,449
Creditors: Amounts Falling Due After More Than One Year 7 (29,862 ) (35,193 )
NET ASSETS 313,658 193,256
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 313,558 193,156
SHAREHOLDERS' FUNDS 313,658 193,256
For the year ending 31 July 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 Bernard Potton
Director
Mrs Susan Potton
Director
06/10/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Potton Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10846128 . The registered office is Avondale House, 262 Uxbridger Road, Pinner, Middlesex, HA5 4HS.
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. 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 25% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.4. 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 directors, during the year was: 4 (2023: 4)
4 4
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 1,818
As at 31 July 2024 1,818
Depreciation
As at 1 August 2023 1,386
Provided during the period 108
As at 31 July 2024 1,494
Net Book Value
As at 31 July 2024 324
As at 1 August 2023 432
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 124,518 4,482
Other debtors - Potton Homes Ltd 12,599 12,599
Other debtors - Potton Kare Services Ltd 431,266 290,014
Pension scheme prepayments (163 ) 319
568,220 307,414
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 169 (3 )
Bank loans and overdrafts 74,739 -
Corporation tax 120,653 77,025
Other taxes and social security 4,804 7,745
Net wages 1,081 1,081
Other creditors - Owed to Potton Recruitment Ltd (1,719 ) (1,559 )
Accruals and deferred income 15,357 11,957
Directors' loan accounts 14,723 38,302
229,807 134,548
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,862 35,193
Page 3
Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4