Acorah Software Products - Accounts Production 19.2.350 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 10932943 Mr Luke Knight Mr Marcus Knight Mr Rhys Knight Mr Mark Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10932943 2024-08-31 10932943 2025-08-31 10932943 2024-09-01 2025-08-31 10932943 frs-core:CurrentFinancialInstruments 2025-08-31 10932943 frs-core:MotorVehicles 2025-08-31 10932943 frs-core:MotorVehicles 2024-09-01 2025-08-31 10932943 frs-core:MotorVehicles 2024-08-31 10932943 frs-core:PlantMachinery 2025-08-31 10932943 frs-core:PlantMachinery 2024-09-01 2025-08-31 10932943 frs-core:PlantMachinery 2024-08-31 10932943 frs-core:WithinOneYear 2025-08-31 10932943 frs-core:OtherReservesSubtotal 2025-08-31 10932943 frs-core:ShareCapital 2025-08-31 10932943 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 10932943 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 10932943 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 10932943 frs-bus:SmallEntities 2024-09-01 2025-08-31 10932943 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 10932943 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 10932943 frs-bus:Director1 2024-09-01 2025-08-31 10932943 frs-bus:Director2 2024-09-01 2025-08-31 10932943 frs-bus:Director3 2024-09-01 2025-08-31 10932943 frs-bus:Director4 2024-09-01 2025-08-31 10932943 1 2024-09-01 2025-08-31 10932943 frs-countries:EnglandWales 2024-09-01 2025-08-31 10932943 2023-08-31 10932943 2024-08-31 10932943 2023-09-01 2024-08-31 10932943 frs-core:CurrentFinancialInstruments 2024-08-31 10932943 frs-core:BetweenOneFiveYears 2024-08-31 10932943 frs-core:WithinOneYear 2024-08-31 10932943 frs-core:OtherReservesSubtotal 2024-08-31 10932943 frs-core:ShareCapital 2024-08-31 10932943 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10932943 1 2023-09-01 2024-08-31
Registered number: 10932943
Prospect Knight Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10932943
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,590 29,515
43,590 29,515
CURRENT ASSETS
Debtors 5 330,501 481,084
Cash at bank and in hand 269,715 231,177
600,216 712,261
Creditors: Amounts Falling Due Within One Year 6 (486,415 ) (593,226 )
NET CURRENT ASSETS (LIABILITIES) 113,801 119,035
TOTAL ASSETS LESS CURRENT LIABILITIES 157,391 148,550
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,526 ) (7,526 )
NET ASSETS 146,865 141,024
CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 7,176 -
Profit and Loss Account 139,589 140,924
SHAREHOLDERS' FUNDS 146,865 141,024
Page 1
Page 2
For the year ending 31 August 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 Marcus Knight
Director
29 April 2026
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
Prospect Knight Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 10932943 . The registered office is 445 Hackney Road, London, England, E2 9DY.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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 15% straight line and 15% reducing balance
Motor vehicles 33% straight line
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax
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 asset reflects 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.
2.7. 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.
2.8. Share Option Expenses
The company operates an equity-settled share scheme for it's employees. During the year, 750 share options were granted to an employee.
The share based payment expense to the company during the year was £7,098. Over the term of the share scheme, the total cost incurred over the relevant term will be £78,195.
3. Average Number of Employees
2025 2024
Average number of employees, including directors, during the year 26 22
26 22
4. Tangible Assets
Plant & machinery Motor vehicles Total
£ £ £
Cost
As at 1 September 2024 44,120 1,644 45,764
Additions 20,739 - 20,739
As at 31 August 2025 64,859 1,644 66,503
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 September 2024 15,488 761 16,249
Provided during the period 6,116 548 6,664
As at 31 August 2025 21,604 1,309 22,913
Net Book Value
As at 31 August 2025 43,255 335 43,590
As at 1 September 2024 28,632 883 29,515
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 227,900 385,262
Other debtors 102,601 95,822
330,501 481,084
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 227,919 246,269
Other creditors 81,000 150,239
Taxation and social security 177,496 196,718
486,415 593,226
7. Other Commitments
At 31 August 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £25,206 (2024 : £259,519)
2025 2024
£ £
Not later than one year 25,206 76,084
Later than one year and not later than five years - 183,435
25,206 259,519
8. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to directors. The balance at the year end was £6,780 (2024 : £2,472)
The above loan is unsecured, interest free and repayable on demand.
Page 5