Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07576841 Mr M Curtis Mr L Purver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07576841 2024-03-31 07576841 2025-03-31 07576841 2024-04-01 2025-03-31 07576841 frs-core:CurrentFinancialInstruments 2025-03-31 07576841 frs-core:Non-currentFinancialInstruments 2025-03-31 07576841 frs-core:BetweenOneFiveYears 2025-03-31 07576841 frs-core:ComputerEquipment 2025-03-31 07576841 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07576841 frs-core:ComputerEquipment 2024-03-31 07576841 frs-core:FurnitureFittings 2025-03-31 07576841 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07576841 frs-core:FurnitureFittings 2024-03-31 07576841 frs-core:NetGoodwill 2025-03-31 07576841 frs-core:NetGoodwill 2024-04-01 2025-03-31 07576841 frs-core:NetGoodwill 2024-03-31 07576841 frs-core:MotorVehicles 2025-03-31 07576841 frs-core:MotorVehicles 2024-04-01 2025-03-31 07576841 frs-core:MotorVehicles 2024-03-31 07576841 frs-core:PlantMachinery 2025-03-31 07576841 frs-core:PlantMachinery 2024-04-01 2025-03-31 07576841 frs-core:PlantMachinery 2024-03-31 07576841 frs-core:WithinOneYear 2025-03-31 07576841 frs-core:ShareCapital 2025-03-31 07576841 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07576841 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07576841 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07576841 frs-bus:SmallEntities 2024-04-01 2025-03-31 07576841 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07576841 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07576841 frs-bus:Director1 2024-04-01 2025-03-31 07576841 frs-bus:Director2 2024-04-01 2025-03-31 07576841 frs-countries:EnglandWales 2024-04-01 2025-03-31 07576841 2023-03-31 07576841 2024-03-31 07576841 2023-04-01 2024-03-31 07576841 frs-core:CurrentFinancialInstruments 2024-03-31 07576841 frs-core:Non-currentFinancialInstruments 2024-03-31 07576841 frs-core:BetweenOneFiveYears 2024-03-31 07576841 frs-core:WithinOneYear 2024-03-31 07576841 frs-core:ShareCapital 2024-03-31 07576841 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07576841
Primary Technologies (S.E.) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07576841
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 105,066 54,813
105,066 54,813
CURRENT ASSETS
Stocks 6 32,315 12,500
Debtors 7 404,971 458,041
Cash at bank and in hand 77,193 120,457
514,479 590,998
Creditors: Amounts Falling Due Within One Year 8 (255,054 ) (322,172 )
NET CURRENT ASSETS (LIABILITIES) 259,425 268,826
TOTAL ASSETS LESS CURRENT LIABILITIES 364,491 323,639
Creditors: Amounts Falling Due After More Than One Year 9 (38,097 ) (5,001 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (25,309 ) (12,716 )
NET ASSETS 301,085 305,922
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 300,985 305,822
SHAREHOLDERS' FUNDS 301,085 305,922
Page 1
Page 2
For the year 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 M Curtis
Director
Mr L Purver
Director
10/10/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Primary Technologies (S.E.) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07576841 . The registered office is Unit 17, The Glenmore Centre Pent Road, Shearway Business Park, Folkestone, Kent, CT19 4RJ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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.
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.
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.
2.4. 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. It is amortised to the profit and loss account over its estimated economic life of 10 years.
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:
Plant & Machinery 15% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 15% on cost
Office Equipment 20% on cost
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.7. 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.
2.8. Interest Payable
Interest-bearing borrowings are initially recorded at fair value, net if transaction costs. Interesbearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expenses is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
2.9. 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.
2.10. 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.
2.11. Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 14)
14 14
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 100,000
As at 31 March 2025 100,000
Amortisation
As at 1 April 2024 100,000
As at 31 March 2025 100,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 8,568 136,913 60,430 6,775 212,686
Additions 340 74,311 740 4,444 79,835
Disposals - (43,000 ) - - (43,000 )
As at 31 March 2025 8,908 168,224 61,170 11,219 249,521
Depreciation
As at 1 April 2024 2,806 128,521 23,944 2,602 157,873
Provided during the period 1,179 18,858 7,508 2,037 29,582
Disposals - (43,000 ) - - (43,000 )
As at 31 March 2025 3,985 104,379 31,452 4,639 144,455
Net Book Value
As at 31 March 2025 4,923 63,845 29,718 6,580 105,066
As at 1 April 2024 5,762 8,392 36,486 4,173 54,813
6. Stocks
2025 2024
£ £
Materials 32,315 12,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 81,320 136,976
Other debtors 323,651 321,065
404,971 458,041
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,976 245
Trade creditors 43,015 68,818
Other creditors 170,049 187,477
Taxation and social security 28,014 65,632
255,054 322,172
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 38,097 5,001
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,976 245
Later than one year and not later than five years 38,097 5,001
52,073 5,246
52,073 5,246
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 25,309 12,716
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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