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COMPANY REGISTRATION NUMBER: 03420646

PPA Software (UK) Limited

Filleted Unaudited Financial Statements

31 August 2024

PPA Software (UK) Limited

Statement of Financial Position

31 August 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 5,024 | 6,279

Current assets

Stocks | 22,000 |  | –
Debtors | 6 | 226 |  | 289
Investments | 7 | 9,727 |  | 1,375
Cash at bank and in hand | 3,428 |  | 17,172
| -------- |  | --------
| 35,381 |  | 18,836

Creditors: amounts falling due within one year | 8 | 4,966 |  | 2,559
| -------- |  | --------
Net current assets |  | 30,415 | 16,277
|  | -------- | --------
Total assets less current liabilities |  | 35,439 | 22,556
|  | -------- | --------
Net assets |  | 35,439 | 22,556
|  | -------- | --------

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | 35,438 | 22,555
|  | -------- | --------
Shareholder funds |  | 35,439 | 22,556
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PPA Software (UK) Limited

Statement of Financial Position (continued)

31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 15 January 2026 , and are signed on behalf of the board by:

Miss L Hartley
Director

Company registration number: 03420646

PPA Software (UK) Limited

Notes to the Financial Statements

Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Malt House, Regent Street, Llangollen, Denbighshire, LL20 8HS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.
Revenue recognition
The company's turnover represents the value of goods and services provided in the field of software development and training. The company is not VAT registered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & Machinery | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets

| Plant and machinery | Total
| £ | £
Cost |  |
At 1 September 2023 and 31 August 2024 | 15,125 | 15,125
| -------- | --------
Depreciation |  |
At 1 September 2023 | 8,846 | 8,846
Charge for the year | 1,255 | 1,255
| -------- | --------
At 31 August 2024 | 10,101 | 10,101
| -------- | --------
Carrying amount |  |
At 31 August 2024 | 5,024 | 5,024
| -------- | --------
At 31 August 2023 | 6,279 | 6,279
| -------- | --------

6. Debtors

| 2024 | 2023
| £ | £
Other debtors | 226 | 289
| ---- | ----

7. Investments

| 2024 | 2023
| £ | £
Other investments | 9,727 | 1,375
| ------- | -------

8. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Social security and other taxes | 3,623 | 513
Other creditors | 1,343 | 2,046
| ------- | -------
| 4,966 | 2,559
| ------- | -------

9. Directors' advances, credits and guarantees
The director operates a current account within the company. The opening balance of the directors loan account in the year was £800 (2023 £7,361) with a closing balance of £73 (2023 £800).
10. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 section 33.