Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 March 2025 31 March 2025 07664249 Mr Wayne Skinner Mr Brian Lancaster Mr Dean McPhilimey Mr Graeme Robson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07664249 2023-12-31 07664249 2025-03-31 07664249 2024-01-01 2025-03-31 07664249 frs-core:CurrentFinancialInstruments 2025-03-31 07664249 frs-core:BetweenOneFiveYears 2025-03-31 07664249 frs-core:ComputerEquipment 2025-03-31 07664249 frs-core:ComputerEquipment 2024-01-01 2025-03-31 07664249 frs-core:ComputerEquipment 2023-12-31 07664249 frs-core:MotorVehicles 2025-03-31 07664249 frs-core:MotorVehicles 2024-01-01 2025-03-31 07664249 frs-core:MotorVehicles 2023-12-31 07664249 frs-core:PlantMachinery 2025-03-31 07664249 frs-core:PlantMachinery 2024-01-01 2025-03-31 07664249 frs-core:PlantMachinery 2023-12-31 07664249 frs-core:WithinOneYear 2025-03-31 07664249 frs-core:ShareCapital 2025-03-31 07664249 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07664249 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2025-03-31 07664249 frs-bus:FilletedAccounts 2024-01-01 2025-03-31 07664249 frs-bus:SmallEntities 2024-01-01 2025-03-31 07664249 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2025-03-31 07664249 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-03-31 07664249 frs-bus:Director1 2024-01-01 2025-03-31 07664249 frs-bus:Director2 2024-01-01 2025-03-31 07664249 frs-bus:Director3 2024-01-01 2025-03-31 07664249 frs-bus:Director4 2024-01-01 2025-03-31 07664249 frs-countries:EnglandWales 2024-01-01 2025-03-31 07664249 2022-12-31 07664249 2023-12-31 07664249 2023-01-01 2023-12-31 07664249 frs-core:CurrentFinancialInstruments 2023-12-31 07664249 frs-core:BetweenOneFiveYears 2023-12-31 07664249 frs-core:WithinOneYear 2023-12-31 07664249 frs-core:ShareCapital 2023-12-31 07664249 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07664249
Projex Cellular Infrastructure UK Limited
Unaudited Financial Statements
For the Period 1 January 2024 to 31 March 2025
1st Floor
Brook House, Brook Road
Whitchurch
Cardiff
CF14 1DU
Projex Cellular Infrastructure UK Limited
Contents
Contents

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

Page 1
Projex Cellular Infrastructure UK Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 07664249

| 31 March 2025 | 31 December 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 196,024 |  | 206,284
|  |  | 196,024 |  | 206,284
CURRENT ASSETS
Stocks | 5 | 19,625 |  | 19,365 |
Debtors | 6 | 2,822,030 |  | 5,039,539 |
Cash at bank and in hand |  | 188,486 |  | 1,034,236 |
|  | 3,030,141 |  | 6,093,140 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,185,598 ) |  | (1,373,751 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 844,543 |  | 4,719,389
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,040,567 |  | 4,925,673
NET ASSETS |  |  | 1,040,567 |  | 4,925,673
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1 |  | 1
Profit and Loss Account |  |  | 1,040,566 |  | 4,925,672
SHAREHOLDERS' FUNDS |  |  | 1,040,567 |  | 4,925,673

Page 1
Page 2
Projex Cellular Infrastructure UK Limited
Balance Sheet (continued)
As At 31 March 2025
For the period ending 31 March 2025 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 Wayne Skinner Director | Mr Brian Lancaster Director | Mr Dean McPhilimey Director
Mr Graeme Robson Director
13/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Projex Cellular Infrastructure UK Limited
Notes to the Financial Statements
For the Period 1 January 2024 to 31 March 2025
Notes to the Financial Statements
1. General Information
Projex Cellular Infrastructure UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07664249 . The registered office is Units 1-2 Kingsditch Lane, Cheltenham, GL51 9PB.
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 | 20% straight line
Motor Vehicles | 25% straight line
Computer Equipment | 25% straight line

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
Projex Cellular Infrastructure UK Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2024 to 31 March 2025
3. Average Number of Employees
Average number of employees, including directors, during the period was:

| 31 March 2025 |  | 31 December 2023
--- | --- | --- | ---
Office and administration | 32 |  | 28
| 32 |  | 28

4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2024 | 186,985 | 259,999 | 85,109 | 532,093
Additions | 5,796 | 89,613 | 2,627 | 98,036
Disposals | - | (16,050 ) | - | (16,050 )
As at 31 March 2025 | 192,781 | 333,562 | 87,736 | 614,079
Depreciation
As at 1 January 2024 | 132,899 | 150,606 | 42,304 | 325,809
Provided during the period | 26,545 | 64,418 | 17,333 | 108,296
Disposals | - | (16,050 ) | - | (16,050 )
As at 31 March 2025 | 159,444 | 198,974 | 59,637 | 418,055
Net Book Value
As at 31 March 2025 | 33,337 | 134,588 | 28,099 | 196,024
As at 1 January 2024 | 54,086 | 109,393 | 42,805 | 206,284

5. Stocks

| 31 March 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Work in progress | 19,625 |  | 19,365

6. Debtors

| 31 March 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,228,791 |  | 1,595,330
Prepayments and accrued income | 161,365 |  | 81,955
Other debtors | 8,303 |  | 9,209
Directors' loan accounts | 2,931 |  | 1,965
Amounts owed by other participating interests | 1,420,640 |  | 3,351,080
| 2,822,030 |  | 5,039,539

Page 4
Page 5
Projex Cellular Infrastructure UK Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2024 to 31 March 2025
7. Creditors: Amounts Falling Due Within One Year

| 31 March 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 421,951 |  | 287,692
Corporation tax | 684,398 |  | 394,892
Other taxes and social security | 33,352 |  | 87,764
VAT | 210,383 |  | 302,112
Other creditors | 420,624 |  | 211,174
Accruals and deferred income | 410,140 |  | 85,217
Directors' loan accounts | 4,750 |  | 4,900
| 2,185,598 |  | 1,373,751

8. Share Capital

| 31 March 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 31 March 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Not later than one year | 178,844 |  | 182,120
Later than one year and not later than five years | 499,333 |  | 713,333
| 678,177 |  | 895,453

Leased signed between Industrial Sales Ltd and Projex Cellular Infrastructure UK Ltd.
Commencement date 21 February 2023 ends 22 February 2029 (6 year lease).
Annual Rent: £171,200 per annum.
Leased signed between Bruntwood and Projex Cellular Infrastructure UK Ltd.
Commencement date 23 October 2024 to 22 October 2025 (1 year lease).
Annual rent: £13,104 per annum.
10. Related Party Transactions
Projex Ventures LtdCommon director - Mr Graeme Robson, Mr Wayne Skinner, Dean McPhilimey and Brian LancasterInter company balance £1,420,640 (2022: £3,351,080)

Projex Ventures Ltd

Common director - Mr Graeme Robson, Mr Wayne Skinner, Dean McPhilimey and Brian Lancaster

Inter company balance £1,420,640 (2022: £3,351,080)

Page 5