Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 12465181 Mr Robert Outen Mr Douglas Millen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12465181 2024-02-28 12465181 2025-02-28 12465181 2024-02-29 2025-02-28 12465181 frs-core:CurrentFinancialInstruments 2025-02-28 12465181 frs-core:Non-currentFinancialInstruments 2025-02-28 12465181 frs-core:BetweenOneFiveYears 2025-02-28 12465181 frs-core:MotorVehicles 2025-02-28 12465181 frs-core:MotorVehicles 2024-02-29 2025-02-28 12465181 frs-core:MotorVehicles 2024-02-28 12465181 frs-core:ShareCapital 2025-02-28 12465181 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 12465181 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 12465181 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 12465181 frs-bus:SmallEntities 2024-02-29 2025-02-28 12465181 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 12465181 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 12465181 frs-bus:Director1 2024-02-29 2025-02-28 12465181 frs-bus:Director2 2024-02-29 2025-02-28 12465181 frs-countries:EnglandWales 2024-02-29 2025-02-28 12465181 2023-02-28 12465181 2024-02-28 12465181 2023-03-01 2024-02-28 12465181 frs-core:CurrentFinancialInstruments 2024-02-28 12465181 frs-core:Non-currentFinancialInstruments 2024-02-28 12465181 frs-core:BetweenOneFiveYears 2024-02-28 12465181 frs-core:ShareCapital 2024-02-28 12465181 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 12465181
Prodrive Travel Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
LJT Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12465181
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,268 54,578
78,268 54,578
CURRENT ASSETS
Debtors 5 431 6,895
Cash at bank and in hand 27,586 17,947
28,017 24,842
Creditors: Amounts Falling Due Within One Year 6 (10,932 ) (29,935 )
NET CURRENT ASSETS (LIABILITIES) 17,085 (5,093 )
TOTAL ASSETS LESS CURRENT LIABILITIES 95,353 49,485
Creditors: Amounts Falling Due After More Than One Year 7 (62,665 ) (29,378 )
NET ASSETS 32,688 20,107
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 32,686 20,105
SHAREHOLDERS' FUNDS 32,688 20,107
Page 1
Page 2
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 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 Douglas Millen
Director
29 October 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
Prodrive Travel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12465181 . The registered office is St John's House, St.John's Street, Chichester, West Sussex, PO19 1UU.
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:
Motor Vehicles 20%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 29 February 2024 62,042
Additions 37,751
As at 28 February 2025 99,793
Depreciation
As at 29 February 2024 7,464
Provided during the period 14,061
As at 28 February 2025 21,525
Net Book Value
As at 28 February 2025 78,268
As at 29 February 2024 54,578
5. Debtors
2025 2024
£ £
Due within one year
VAT 431 6,895
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 759 -
Accruals and deferred income 500 500
Directors' loan accounts 9,673 29,435
10,932 29,935
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 62,665 29,378
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 68,638 37,399
Less: Finance charges allocated to future periods 5,973 8,021
62,665 29,378
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Dividends
Page 5