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Registered number: 08437794
Puttingyoufirst Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Buxton Accounting LLP
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—9
Page 1
Company Information
Directors Mrs Michelle McMaster
Miss Tracy Ann Fielding
Company Number 08437794
Registered Office Central Office Unit 17
Hartford Business Centre
Chester Road, Hartford, Northwich
Cheshire
CW8 2AB
Accountants Buxton Accounting LLP
Chartered Accountants
98 Middlewich Road
Northwich
Cheshire
CW9 7DA
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Balance Sheet
Registered number: 08437794
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 133,000 161,000
Tangible Assets 5 165,366 147,374
298,366 308,374
CURRENT ASSETS
Debtors 6 493,027 452,190
Cash at bank and in hand 219,901 461,942
712,928 914,132
Creditors: Amounts Falling Due Within One Year 7 (562,727 ) (747,195 )
NET CURRENT ASSETS (LIABILITIES) 150,201 166,937
TOTAL ASSETS LESS CURRENT LIABILITIES 448,567 475,311
Creditors: Amounts Falling Due After More Than One Year 8 (159,213 ) (138,781 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (41,341 ) (36,843 )
NET ASSETS 248,013 299,687
CAPITAL AND RESERVES
Called up share capital 13 300 300
Profit and Loss Account 247,713 299,387
SHAREHOLDERS' FUNDS 248,013 299,687
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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.
The financial statements were approved by the board of directors on 27 May 2026 and were signed on its behalf by:
Mrs Michelle McMaster
Director
27/05/2026
The notes on pages 4 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Puttingyoufirst Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08437794 . The registered office is Central Office Unit 17, Hartford Business Centre, Chester Road, Hartford, Northwich, Cheshire, CW8 2AB.
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.
The presentation currency of the financial statements is the Pound Sterling (£).
Transactions are rounded to the nearest £.
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 fifteen 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:
Motor Vehicles 25% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. 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.
2.7. 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.
Employee benefits
Where employees are entitled to carry forward any unused holiday entitlement at the balance sheet date, the cost of any unused entitlement is recognised in the period in which the employees' services are received.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. Financial instruments
FINANCIAL ASSETS
Trade, group and other debtors
Trade, group and other debtors (including accrued income) which are receivable within one year and which do not constitute a financial transaction are initially measured at the transacting price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.
A provision for impairment of trade debtors is established where there is objective evidence that the amounts due will not be be collected according to the original terms of the contract. Impairment losses are recognised in profit and loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in the profit and loss.
FINANCIAL LIABILITIES
Trade, group and other creditors
...CONTINUED
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2.9. Financial instruments - continued
Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.
Derecognition of financial assets and liabilities
A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the assert has transferred to another party that is able to sell the assets in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 173 (2024: 156)
173 156
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 420,000
As at 31 August 2025 420,000
Amortisation
As at 1 September 2024 259,000
Provided during the period 28,000
As at 31 August 2025 287,000
Net Book Value
As at 31 August 2025 133,000
As at 1 September 2024 161,000
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 245,651 13,111 34,902 293,664
Additions 109,980 2,898 1,656 114,534
Disposals (74,030 ) - - (74,030 )
As at 31 August 2025 281,601 16,009 36,558 334,168
Depreciation
As at 1 September 2024 123,127 4,403 18,760 146,290
Provided during the period 70,401 3,185 4,449 78,035
Disposals (55,523 ) - - (55,523 )
As at 31 August 2025 138,005 7,588 23,209 168,802
Net Book Value
As at 31 August 2025 143,596 8,421 13,349 165,366
As at 1 September 2024 122,524 8,708 16,142 147,374
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 143,596 122,524
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 237,090 224,728
Prepayments and accrued income 19,937 16,612
Other debtors - 850
Amounts owed by connected undertakings 236,000 210,000
493,027 452,190
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 44,201 42,532
Trade creditors 29,495 24,392
Other loans 9,652 10,648
Corporation tax 53,391 73,639
Other taxes and social security 95,267 98,914
Other creditors 327,571 489,462
Accruals and deferred income 3,150 7,608
562,727 747,195
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 159,213 130,356
Other loans - 8,425
159,213 138,781
9. Secured Creditors
The hire purchase obligations are secured against their relevant assets.
A bank facility with a balance of £9,652 (2024: £19,074) is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 203,414 172,888
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10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 44,201 42,532
Later than one year and not later than five years 159,213 130,356
203,414 172,888
203,414 172,888
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 41,341 36,843
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2024 36,843 36,843
Deferred taxation 4,498 4,498
Balance at 31 August 2025 41,341 41,341
13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 300 300
The allotted, issued and fully paid share capital of the company consists of 150 Ordinary shares of £1 each and 150 Ordinary Y shares of £1 each.
14. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 27,400 27,400
27,400 27,400
The company has a lease commitment relating to the lease of premises which amounts to £27,400 per year.
15. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet there were no unpaid contributions due. The total cost for the period was £119,690 (2024: £78,959).
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16. Reserves
Profit and Loss Account
£
As at 1 September 2024 299,387
Profit for the year and total comprehensive income 172,326
Dividends paid (224,000)
As at 31 August 2025 247,713
17. Ultimate Controlling Party
The company's ultimate controlling party is Puttingyoufirst (Holdings) Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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