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 07867426 Mr D J Barrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07867426 2024-03-31 07867426 2025-03-31 07867426 2024-04-01 2025-03-31 07867426 frs-core:CurrentFinancialInstruments 2025-03-31 07867426 frs-core:ComputerEquipment 2025-03-31 07867426 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07867426 frs-core:ComputerEquipment 2024-03-31 07867426 frs-core:FurnitureFittings 2025-03-31 07867426 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07867426 frs-core:FurnitureFittings 2024-03-31 07867426 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07867426 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07867426 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07867426 frs-core:MotorVehicles 2024-04-01 2025-03-31 07867426 frs-core:PlantMachinery 2025-03-31 07867426 frs-core:PlantMachinery 2024-04-01 2025-03-31 07867426 frs-core:PlantMachinery 2024-03-31 07867426 frs-core:WithinOneYear 2025-03-31 07867426 frs-core:ShareCapital 2025-03-31 07867426 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07867426 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07867426 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07867426 frs-bus:SmallEntities 2024-04-01 2025-03-31 07867426 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07867426 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07867426 frs-bus:Director1 2024-04-01 2025-03-31 07867426 frs-countries:EnglandWales 2024-04-01 2025-03-31 07867426 2023-03-31 07867426 2024-03-31 07867426 2023-04-01 2024-03-31 07867426 frs-core:CurrentFinancialInstruments 2024-03-31 07867426 frs-core:WithinOneYear 2024-03-31 07867426 frs-core:ShareCapital 2024-03-31 07867426 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07867426
Pic Public Relations Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07867426
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,676 54,673
38,676 54,673
CURRENT ASSETS
Debtors 5 91,000 125,222
Cash at bank and in hand 7,728 57,596
98,728 182,818
Creditors: Amounts Falling Due Within One Year 6 (78,670 ) (95,149 )
NET CURRENT ASSETS (LIABILITIES) 20,058 87,669
TOTAL ASSETS LESS CURRENT LIABILITIES 58,734 142,342
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,559 ) (7,080 )
NET ASSETS 54,175 135,262
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 54,075 135,162
SHAREHOLDERS' FUNDS 54,175 135,262
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 D J Barrett
Director
23 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pic Public Relations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07867426 . The registered office is Ashton Road, Beckford, Tewkesbury, Gloucestershire, GL20 7AU.
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:
Leasehold 10% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% on cost
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. 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.
2.7. 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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2024: 29)
22 29
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 27,256 12,374 40,690 99,493 179,813
Additions - - 750 - 750
As at 31 March 2025 27,256 12,374 41,440 99,493 180,563
...CONTINUED
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Depreciation
As at 1 April 2024 9,847 516 27,518 87,259 125,140
Provided during the period 2,726 3,093 3,387 7,541 16,747
As at 31 March 2025 12,573 3,609 30,905 94,800 141,887
Net Book Value
As at 31 March 2025 14,683 8,765 10,535 4,693 38,676
As at 1 April 2024 17,409 11,858 13,172 12,234 54,673
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 82,667 117,389
Prepayments and accrued income 8,333 7,833
91,000 125,222
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 10,311
Trade creditors 21,006 3,778
Other creditors 9,660 11,245
Taxation and social security 48,004 69,815
78,670 95,149
7. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 10,311
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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