Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11384234 Mr Anthony Morgan Mr Edmond Rube Mr Karl Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11384234 2024-03-31 11384234 2025-03-31 11384234 2024-04-01 2025-03-31 11384234 frs-core:CurrentFinancialInstruments 2025-03-31 11384234 frs-core:Non-currentFinancialInstruments 2025-03-31 11384234 frs-core:ComputerEquipment 2025-03-31 11384234 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11384234 frs-core:ComputerEquipment 2024-03-31 11384234 frs-core:SharePremium 2025-03-31 11384234 frs-core:ShareCapital 2025-03-31 11384234 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11384234 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11384234 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11384234 frs-bus:SmallEntities 2024-04-01 2025-03-31 11384234 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11384234 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11384234 frs-bus:Director1 2024-04-01 2025-03-31 11384234 frs-bus:Director2 2024-04-01 2025-03-31 11384234 frs-bus:Director3 2024-04-01 2025-03-31 11384234 frs-countries:EnglandWales 2024-04-01 2025-03-31 11384234 2023-03-31 11384234 2024-03-31 11384234 2023-04-01 2024-03-31 11384234 frs-core:CurrentFinancialInstruments 2024-03-31 11384234 frs-core:Non-currentFinancialInstruments 2024-03-31 11384234 frs-core:SharePremium 2024-03-31 11384234 frs-core:ShareCapital 2024-03-31 11384234 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11384234
Power Transition Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11384234
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 120 479
120 479
CURRENT ASSETS
Debtors 5 9,135 52,338
Cash at bank and in hand 6,061 1,947
15,196 54,285
Creditors: Amounts Falling Due Within One Year 6 (43,206 ) (42,195 )
NET CURRENT ASSETS (LIABILITIES) (28,010 ) 12,090
TOTAL ASSETS LESS CURRENT LIABILITIES (27,890 ) 12,569
Creditors: Amounts Falling Due After More Than One Year 7 (223,556 ) (231,299 )
NET LIABILITIES (251,446 ) (218,730 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Share premium account 822,173 822,173
Profit and Loss Account (1,073,622 ) (1,040,906 )
SHAREHOLDERS' FUNDS (251,446) (218,730)
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 Anthony Morgan
Director
08/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Power Transition Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11384234 . The registered office is Pines Calyx Beach Road, St Margarets Bay, Dover, CT15 6DZ.
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:
Computer Equipment Straight Line over 3 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 1,078
As at 31 March 2025 1,078
Depreciation
As at 1 April 2024 599
Provided during the period 359
As at 31 March 2025 958
Net Book Value
As at 31 March 2025 120
As at 1 April 2024 479
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,000 5,400
Other debtors 3,135 46,938
9,135 52,338
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 36,682 37,870
Other creditors 6,524 441
Taxation and social security - 3,884
43,206 42,195
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Trade creditors 71,400 71,400
Bank loans - 39,899
Other loans 55,000 55,000
Other creditors 97,156 65,000
223,556 231,299
8. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 2 2
Called Up Share Capital has been paid up 1 1
Amount of Allotted, Called Up Share Capital 3 3
Page 4