Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 04208528 Mr Rashid Lalloo Mrs Sainaz Lalloo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04208528 2024-12-31 04208528 2025-12-31 04208528 2025-01-01 2025-12-31 04208528 frs-core:CurrentFinancialInstruments 2025-12-31 04208528 frs-core:Non-currentFinancialInstruments 2025-12-31 04208528 frs-core:ComputerEquipment 2025-01-01 2025-12-31 04208528 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-12-31 04208528 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-01-01 2025-12-31 04208528 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 04208528 frs-core:FurnitureFittings 2025-01-01 2025-12-31 04208528 frs-core:InvestmentPropertyIncludedWithinPPE 2025-12-31 04208528 frs-core:InvestmentPropertyIncludedWithinPPE 2025-01-01 2025-12-31 04208528 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 04208528 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 04208528 frs-core:MotorVehicles 2025-01-01 2025-12-31 04208528 frs-core:PlantMachinery 2025-12-31 04208528 frs-core:PlantMachinery 2025-01-01 2025-12-31 04208528 frs-core:PlantMachinery 2024-12-31 04208528 frs-core:SharePremium 2025-12-31 04208528 frs-core:ShareCapital 2025-12-31 04208528 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04208528 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04208528 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 04208528 frs-bus:SmallEntities 2025-01-01 2025-12-31 04208528 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04208528 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04208528 frs-bus:Director1 2025-01-01 2025-12-31 04208528 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 04208528 frs-countries:EnglandWales 2025-01-01 2025-12-31 04208528 2023-12-31 04208528 2024-12-31 04208528 2024-01-01 2024-12-31 04208528 frs-core:CurrentFinancialInstruments 2024-12-31 04208528 frs-core:Non-currentFinancialInstruments 2024-12-31 04208528 frs-core:SharePremium 2024-12-31 04208528 frs-core:ShareCapital 2024-12-31 04208528 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 04208528
Premier Ship Models Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04208528
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,416 13,489
Tangible Assets 5 194,361 149,781
202,777 163,270
CURRENT ASSETS
Stocks 6 56,754 51,969
Debtors 7 228,251 337,981
Cash at bank and in hand 124,686 120,383
409,691 510,333
Creditors: Amounts Falling Due Within One Year 8 (119,730 ) (212,893 )
NET CURRENT ASSETS (LIABILITIES) 289,961 297,440
TOTAL ASSETS LESS CURRENT LIABILITIES 492,738 460,710
Creditors: Amounts Falling Due After More Than One Year 9 (186,235 ) (168,961 )
NET ASSETS 306,503 291,749
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 151,323 151,323
Income Statement 154,180 139,426
SHAREHOLDERS' FUNDS 306,503 291,749
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Page 2
For the year ending 31 December 2025 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 Income Statement.
On behalf of the board
Mr Rashid Lalloo
Director
19th August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Premier Ship Models Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04208528 . The registered office is Wenta Potters Bar, Unit 5a The Enterprise Centre, Cranbourne Road, Potters Bar, Hertfordshire, EN6 3DQ.
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.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of nil 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:
Website costs 25
Plant & Machinery 25
Motor Vehicles 20
Mould equipment 25
Computer Equipment 25
2.5. 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.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 6)
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4. Intangible Assets
Patents and Licences
£
Cost
As at 1 January 2025 22,014
As at 31 December 2025 22,014
Amortisation
As at 1 January 2025 8,525
Impairment losses 5,073
As at 31 December 2025 13,598
Net Book Value
As at 31 December 2025 8,416
As at 1 January 2025 13,489
5. Tangible Assets
Website costs Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2025 117,535 422,925 540,460
Additions 11,207 70,018 81,225
As at 31 December 2025 128,742 492,943 621,685
Depreciation
As at 1 January 2025 96,303 294,376 390,679
Provided during the period 7,607 29,038 36,645
As at 31 December 2025 103,910 323,414 427,324
Net Book Value
As at 31 December 2025 24,832 169,529 194,361
As at 1 January 2025 21,232 128,549 149,781
6. Stocks
2025 2024
£ £
Stock 56,754 51,969
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 171,993 253,384
Other debtors 56,258 84,597
228,251 337,981
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 67,017 128,387
Bank loans and overdrafts 31,844 38,120
Other creditors 8,042 27,462
Taxation and social security 12,827 18,924
119,730 212,893
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 186,235 168,961
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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