Acorah Software Products - Accounts Production 16.4.660 false true 30 April 2024 1 May 2023 false 1 May 2024 31 December 2024 31 December 2024 06803182 Mr Anil Godhawale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06803182 2024-04-30 06803182 2024-12-31 06803182 2024-05-01 2024-12-31 06803182 frs-core:CurrentFinancialInstruments 2024-12-31 06803182 frs-core:Non-currentFinancialInstruments 2024-12-31 06803182 frs-core:ComputerEquipment 2024-12-31 06803182 frs-core:ComputerEquipment 2024-05-01 2024-12-31 06803182 frs-core:ComputerEquipment 2024-04-30 06803182 frs-core:FurnitureFittings 2024-12-31 06803182 frs-core:FurnitureFittings 2024-05-01 2024-12-31 06803182 frs-core:FurnitureFittings 2024-04-30 06803182 frs-core:OtherResidualIntangibleAssets 2024-12-31 06803182 frs-core:OtherResidualIntangibleAssets 2024-05-01 2024-12-31 06803182 frs-core:OtherResidualIntangibleAssets 2024-04-30 06803182 frs-core:PlantMachinery 2024-12-31 06803182 frs-core:PlantMachinery 2024-05-01 2024-12-31 06803182 frs-core:PlantMachinery 2024-04-30 06803182 frs-core:RevaluationReserve 2024-05-01 2024-12-31 06803182 frs-core:RevaluationReserve 2024-12-31 06803182 frs-core:ShareCapital 2024-12-31 06803182 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06803182 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2024-12-31 06803182 frs-bus:FilletedAccounts 2024-05-01 2024-12-31 06803182 frs-bus:SmallEntities 2024-05-01 2024-12-31 06803182 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2024-12-31 06803182 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2024-12-31 06803182 frs-bus:Director1 2024-05-01 2024-12-31 06803182 frs-countries:EnglandWales 2024-05-01 2024-12-31 06803182 2023-04-30 06803182 2024-04-30 06803182 2023-05-01 2024-04-30 06803182 frs-core:CurrentFinancialInstruments 2024-04-30 06803182 frs-core:Non-currentFinancialInstruments 2024-04-30 06803182 frs-core:RevaluationReserve 2024-04-30 06803182 frs-core:ShareCapital 2024-04-30 06803182 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 06803182
Projcon Group Limited
Unaudited Financial Statements
For the Period 1 May 2024 to 31 December 2024
Smartax Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06803182
31 December 2024 30 April 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 800,000 -
Tangible Assets 5 13,051 8,656
813,051 8,656
CURRENT ASSETS
Debtors 6 820,035 702,166
Cash at bank and in hand 11 -
820,046 702,166
Creditors: Amounts Falling Due Within One Year 7 (1,593,729 ) (449,428 )
NET CURRENT ASSETS (LIABILITIES) (773,683 ) 252,738
TOTAL ASSETS LESS CURRENT LIABILITIES 39,368 261,394
Creditors: Amounts Falling Due After More Than One Year 8 (172,236 ) (61,265 )
NET (LIABILITIES)/ASSETS (132,868 ) 200,129
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 800,000 -
Profit and Loss Account (933,868 ) 199,129
SHAREHOLDERS' FUNDS (132,868) 200,129
Page 1
Page 2
For the period ending 31 December 2024 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 Anil Godhawale
Director
12/08/2025
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
Projcon Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06803182 . The registered office is 3000 Hillswood Drive, Chertsey, Surrey, England, KT16 0RS.
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:
Plant & Machinery 18% Reducing Balance
Fixtures & Fittings 18% Reducing Balance
Computer Equipment 18% Reducing Balance
2.4. 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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2024: 8)
5 8
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 May 2024 -
Additions 800,000
As at 31 December 2024 800,000
Net Book Value
As at 31 December 2024 800,000
As at 1 May 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 10,436 - 8,060 18,496
Additions - 5,150 749 5,899
As at 31 December 2024 10,436 5,150 8,809 24,395
Depreciation
As at 1 May 2024 7,006 - 2,834 9,840
Provided during the period 412 386 706 1,504
As at 31 December 2024 7,418 386 3,540 11,344
Net Book Value
As at 31 December 2024 3,018 4,764 5,269 13,051
As at 1 May 2024 3,430 - 5,226 8,656
6. Debtors
31 December 2024 30 April 2024
£ £
Due within one year
Trade debtors 113,968 145,267
Amounts owed by group undertakings 166,796 537,399
Other debtors 539,271 19,500
820,035 702,166
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 April 2024
£ £
Trade creditors 317,598 18,770
Bank loans and overdrafts 332,882 112,057
Other loans - 9,000
Amounts owed to group undertakings 578,746 -
Other creditors 186,653 133,966
Taxation and social security 177,850 175,635
1,593,729 449,428
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 30 April 2024
£ £
Bank loans 172,236 61,265
9. Share Capital
31 December 2024 30 April 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Reserves
Revaluation Reserve
£
Surplus on revaluation 800,000
As at 31 December 2024 800,000
Page 5