Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 4 December 2025 1 April 2024 31 March 2025 31 March 2025 08478179 Mr M Caldwell-Nichols Mr S Ford Ms S Bannister Ms Y Li Mrs Marie Cook false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08478179 2024-03-31 08478179 2025-03-31 08478179 2024-04-01 2025-03-31 08478179 frs-core:CurrentFinancialInstruments 2025-03-31 08478179 frs-core:BetweenOneFiveYears 2025-03-31 08478179 frs-core:ComputerEquipment 2025-03-31 08478179 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08478179 frs-core:ComputerEquipment 2024-03-31 08478179 frs-core:FurnitureFittings 2025-03-31 08478179 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08478179 frs-core:FurnitureFittings 2024-03-31 08478179 frs-core:NetGoodwill 2025-03-31 08478179 frs-core:NetGoodwill 2024-04-01 2025-03-31 08478179 frs-core:NetGoodwill 2024-03-31 08478179 frs-core:MotorVehicles 2025-03-31 08478179 frs-core:MotorVehicles 2024-04-01 2025-03-31 08478179 frs-core:MotorVehicles 2024-03-31 08478179 frs-core:WithinOneYear 2025-03-31 08478179 frs-core:CapitalRedemptionReserve 2025-03-31 08478179 frs-core:OtherReservesSubtotal 2025-03-31 08478179 frs-core:ShareCapital 2025-03-31 08478179 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08478179 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08478179 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08478179 frs-bus:SmallEntities 2024-04-01 2025-03-31 08478179 frs-bus:Audited 2024-04-01 2025-03-31 08478179 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08478179 1 2024-04-01 2025-03-31 08478179 frs-bus:Director1 2024-04-01 2025-03-31 08478179 frs-bus:Director2 2024-04-01 2025-03-31 08478179 frs-bus:Director3 2024-04-01 2025-03-31 08478179 frs-bus:Director4 2024-04-01 2025-03-31 08478179 frs-bus:Director5 2024-04-01 2025-03-31 08478179 frs-countries:EnglandWales 2024-04-01 2025-03-31 08478179 2023-03-31 08478179 2024-03-31 08478179 2023-04-01 2024-03-31 08478179 frs-core:CurrentFinancialInstruments 2024-03-31 08478179 frs-core:BetweenOneFiveYears 2024-03-31 08478179 frs-core:WithinOneYear 2024-03-31 08478179 frs-core:CapitalRedemptionReserve 2024-03-31 08478179 frs-core:OtherReservesSubtotal 2024-03-31 08478179 frs-core:ShareCapital 2024-03-31 08478179 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08478179
Precision Creative And Media Ltd
Financial Statements
For The Year Ended 31 March 2025
Rowdens
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 08478179
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 42,960 61,490
42,960 61,490
CURRENT ASSETS
Stocks 6 22,133 22,653
Debtors 7 839,209 864,195
Cash at bank and in hand 288,447 198,564
1,149,789 1,085,412
Creditors: Amounts Falling Due Within One Year 8 (864,003 ) (715,898 )
NET CURRENT ASSETS (LIABILITIES) 285,786 369,514
TOTAL ASSETS LESS CURRENT LIABILITIES 328,746 431,004
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,740 ) (15,373 )
NET ASSETS 318,006 415,631
CAPITAL AND RESERVES
Called up share capital 10 8,442 8,442
Capital redemption reserve 1,558 1,558
Other reserves 14,440 14,440
Profit and Loss Account 293,566 391,191
SHAREHOLDERS' FUNDS 318,006 415,631
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 S Ford
Director
04/12/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Precision Creative And Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08478179 . The registered office is 7 Victory Park, Fulcrum 2 Solent Way, Whiteley, Hants, PO15 7FN.
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 company is part of the Precision Marketing Group Holdings Limited group. Cash flows are managed on a group basis with financing provided to individual group companies by way of intercompany loans where required. After making enquiries of the parent company the directors consider that the company will have adequate resources to continue trading for the foreseeable future. For this reason, the going concern basis has been used to prepare the accounts.
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.
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 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:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 10% & 20% on cost
Computer Equipment 20% and 33% 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 profit and loss account as incurred.
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.
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2.8. 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.
2.9. 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.
2.10. Share Based Payments
The cost of equity-settled transactions with employees is measured by reference to the fair value at the date at which they are granted and is recognised as an expense over the vesting period. Fair value is determined using an appropriate pricing model.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 15)
13 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 193,246
As at 31 March 2025 193,246
Amortisation
As at 1 April 2024 193,246
As at 31 March 2025 193,246
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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Page 4
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 73,750 47,343 28,339 149,432
Additions - - 1,600 1,600
As at 31 March 2025 73,750 47,343 29,939 151,032
Depreciation
As at 1 April 2024 26,550 38,188 23,204 87,942
Provided during the period 9,440 7,112 3,578 20,130
As at 31 March 2025 35,990 45,300 26,782 108,072
Net Book Value
As at 31 March 2025 37,760 2,043 3,157 42,960
As at 1 April 2024 47,200 9,155 5,135 61,490
6. Stocks
2025 2024
£ £
Stocks 587 741
Work in progress 21,546 21,912
22,133 22,653
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 804,612 817,267
Other debtors 34,597 46,928
839,209 864,195
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 220,440 312,168
Amounts owed to group undertakings 311,504 178,573
Other creditors 277,207 198,583
Taxation and social security 54,852 26,574
864,003 715,898
9. Secured Creditors
Lloyds Bank PLC has a fixed charge over the assets of the company. The loan was repaid during the 2025 year.
2025 2024
£ £
Bank loans and overdrafts - 11,941
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Page 5
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8,442 8,442
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 342 11,941
Later than one year and not later than five years 98,542 -
98,884 11,941
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr M Higgins 5,778 - 5,778 - -
The loan to M Higgins was unsecured and interest free.
13. Related Party Transactions
The company has taken advantage of the exemption from disclosing transactions with other group companies.
14. Parent Undertaking and Controlling Party
The largest and smallest group in which the results of the company are consolidated is that headed by Precision Marketing Group Holdings Limited. The consolidated accounts of  this company are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ. No other group accounts includes the results of the company.
The registered office of Precision Marketing Group Holdings Limited is 89 High Street, Hadleigh, Ipswich, IP7 5EA.
15. Audit Information
The auditor's report on the accounts of Precision Creative And Media Ltd for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Kevin Brown ACA MAAT (Senior Statutory Auditor) for and on behalf of Walter Wright , Statutory Auditor.
Walter Wright
89 High Street
Hadleigh
Ipswich
IP7 5EA
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