Acorah Software Products - Accounts Production 16.8.310 false true 30 May 2024 31 May 2023 false 31 May 2024 30 May 2025 30 May 2025 12602342 Mr David Price Mrs Gabrielle Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12602342 2024-05-30 12602342 2025-05-30 12602342 2024-05-31 2025-05-30 12602342 frs-core:CurrentFinancialInstruments 2025-05-30 12602342 frs-core:ComputerEquipment 2025-05-30 12602342 frs-core:ComputerEquipment 2024-05-31 2025-05-30 12602342 frs-core:ComputerEquipment 2024-05-30 12602342 frs-core:FurnitureFittings 2025-05-30 12602342 frs-core:FurnitureFittings 2024-05-31 2025-05-30 12602342 frs-core:FurnitureFittings 2024-05-30 12602342 frs-core:ShareCapital 2025-05-30 12602342 frs-core:RetainedEarningsAccumulatedLosses 2025-05-30 12602342 frs-bus:PrivateLimitedCompanyLtd 2024-05-31 2025-05-30 12602342 frs-bus:FilletedAccounts 2024-05-31 2025-05-30 12602342 frs-bus:SmallEntities 2024-05-31 2025-05-30 12602342 frs-bus:AuditExempt-NoAccountantsReport 2024-05-31 2025-05-30 12602342 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-31 2025-05-30 12602342 frs-bus:Director1 2024-05-31 2025-05-30 12602342 frs-bus:Director2 2024-05-31 2025-05-30 12602342 frs-countries:EnglandWales 2024-05-31 2025-05-30 12602342 2023-05-30 12602342 2024-05-30 12602342 2023-05-31 2024-05-30 12602342 frs-core:CurrentFinancialInstruments 2024-05-30 12602342 frs-core:ShareCapital 2024-05-30 12602342 frs-core:RetainedEarningsAccumulatedLosses 2024-05-30
Registered number: 12602342
Precious Assets Ltd
Unaudited Financial Statements
For The Year Ended 30 May 2025
THL Accountancy Ltd
Precious Assets Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Precious Assets Ltd
Balance Sheet
As At 30 May 2025
Balance Sheet
Registered number: 12602342

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 6,541 |  | 2,686
|  |  | 6,541 |  | 2,686
CURRENT ASSETS
Stocks |  | 150,000 |  | 39,750 |
Debtors | 5 | 71,356 |  | 55,778 |
Cash at bank and in hand |  | 16,242 |  | 15,880 |
|  | 237,598 |  | 111,408 |
Creditors: Amounts Falling Due Within One Year | 6 | (167,914 ) |  | (68,421 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 69,684 |  | 42,987
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 76,225 |  | 45,673
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,243 ) |  | (510 )
NET ASSETS |  |  | 74,982 |  | 45,163
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 74,882 |  | 45,063
SHAREHOLDERS' FUNDS |  |  | 74,982 |  | 45,163

Page 1
Page 2
Precious Assets Ltd
Balance Sheet (continued)
As At 30 May 2025
For the year ending 30 May 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 David Price Director
09/01/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Precious Assets Ltd
Notes to the Financial Statements
For The Year Ended 30 May 2025
Notes to the Financial Statements
1. General Information
Precious Assets Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12602342 . The registered office is 126b The Street, Rustington, Littlehampton, West Sussex, BN16 3DA.
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, excluding discounts, rebates, value added tax and other sales taxes.
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:

Fixtures & Fittings | 4 Years Straight Line
Computer Equipment | 4 Years Straight Line

2.4. 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.
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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 3)
5 3
Page 3
Page 4
Precious Assets Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 May 2025
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 31 May 2024 | 2,600 | 1,464 | 4,064
Additions | 5,067 | 869 | 5,936
As at 30 May 2025 | 7,667 | 2,333 | 10,000
Depreciation
As at 31 May 2024 | 54 | 1,324 | 1,378
Provided during the period | 1,782 | 299 | 2,081
As at 30 May 2025 | 1,836 | 1,623 | 3,459
Net Book Value
As at 30 May 2025 | 5,831 | 710 | 6,541
As at 31 May 2024 | 2,546 | 140 | 2,686

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 48,082 |  | 47,199
Other debtors | 23,274 |  | 8,579
| 71,356 |  | 55,778

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 48,125 |  | 54,405
Other creditors | 84,877 |  | 9,734
Taxation and social security | 34,912 |  | 4,282
| 167,914 |  | 68,421

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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