Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08325107 Mr Sebastian DEVASIA Mr Joyas JOHN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08325107 2024-03-31 08325107 2025-03-31 08325107 2024-04-01 2025-03-31 08325107 frs-core:CurrentFinancialInstruments 2025-03-31 08325107 frs-core:ComputerEquipment 2025-03-31 08325107 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08325107 frs-core:ComputerEquipment 2024-03-31 08325107 frs-core:FurnitureFittings 2025-03-31 08325107 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08325107 frs-core:FurnitureFittings 2024-03-31 08325107 frs-core:NetGoodwill 2025-03-31 08325107 frs-core:NetGoodwill 2024-04-01 2025-03-31 08325107 frs-core:NetGoodwill 2024-03-31 08325107 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 08325107 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08325107 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08325107 frs-core:OtherReservesSubtotal 2025-03-31 08325107 frs-core:ShareCapital 2025-03-31 08325107 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08325107 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08325107 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08325107 frs-bus:SmallEntities 2024-04-01 2025-03-31 08325107 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08325107 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08325107 frs-bus:Director1 2024-04-01 2025-03-31 08325107 frs-bus:Director2 2024-04-01 2025-03-31 08325107 frs-countries:EnglandWales 2024-04-01 2025-03-31 08325107 2023-03-31 08325107 2024-03-31 08325107 2023-04-01 2024-03-31 08325107 frs-core:CurrentFinancialInstruments 2024-03-31 08325107 frs-core:OtherReservesSubtotal 2024-03-31 08325107 frs-core:ShareCapital 2024-03-31 08325107 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08325107
Primus Healthcare Limited
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: 08325107
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,209,046 1,252,138
1,209,046 1,252,138
CURRENT ASSETS
Debtors 6 116,820 191,462
Cash at bank and in hand 449,962 136,362
566,782 327,824
Creditors: Amounts Falling Due Within One Year 7 (210,742 ) (165,665 )
NET CURRENT ASSETS (LIABILITIES) 356,040 162,159
TOTAL ASSETS LESS CURRENT LIABILITIES 1,565,086 1,414,297
NET ASSETS 1,565,086 1,414,297
CAPITAL AND RESERVES
Called up share capital 8 101 101
Capital contribution reserve 2,079,174 2,079,174
Profit and Loss Account (514,189 ) (664,978 )
SHAREHOLDERS' FUNDS 1,565,086 1,414,297
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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 Sebastian DEVASIA
Director
19/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Primus Healthcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08325107 . The registered office is 33 Ingleby Way, Wallington, SM6 9LP.
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. 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 .... years.
2.4. 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:
Freehold 2% Straight line Method
Fixtures & Fittings 15% Reducing balance
Computer Equipment 50% Reducing balance
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 45 (2024: 41)
45 41
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 150,000
As at 31 March 2025 150,000
Amortisation
As at 1 April 2024 150,000
As at 31 March 2025 150,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 1,466,547 323,737 6,777 1,797,061
As at 31 March 2025 1,466,547 323,737 6,777 1,797,061
Depreciation
As at 1 April 2024 298,248 243,286 3,389 544,923
Provided during the period 29,331 12,068 1,693 43,092
As at 31 March 2025 327,579 255,354 5,082 588,015
Net Book Value
As at 31 March 2025 1,138,968 68,383 1,695 1,209,046
As at 1 April 2024 1,168,299 80,451 3,388 1,252,138
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 79,558 68,483
Prepayments and accrued income - 18,668
Other debtors - 9,362
Deferred tax current asset 37,262 94,949
116,820 191,462
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,006 41,082
Amounts owed to group undertakings 8,118 -
Other creditors 165,958 104,010
Taxation and social security 33,660 20,573
210,742 165,665
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 101 101
9. Capital contribution reserve
The Capital Contribution Reserve is classified as a non-distributable reserve within the equity section of the balance sheet. This reserve typically arises when a shareholder or owner makes a contribution to the company that is not considered share capital or a loan.
Being non-distributable means that the reserve cannot be distributed as dividends to shareholders. Instead, it is retained within the company to strengthen its financial position and may only be utilized for specific purposes as defined by the company’s articles of association or relevant regulatory frameworks.
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