Acorah Software Products - Accounts Production 19.4.351 false true 29 December 2024 30 December 2023 false 30 December 2024 29 December 2025 29 December 2025 04951240 Mr Andrew Robertson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04951240 2024-12-29 04951240 2025-12-29 04951240 2024-12-30 2025-12-29 04951240 frs-core:CurrentFinancialInstruments 2025-12-29 04951240 frs-core:Non-currentFinancialInstruments 2025-12-29 04951240 frs-core:ComputerEquipment 2025-12-29 04951240 frs-core:ComputerEquipment 2024-12-30 2025-12-29 04951240 frs-core:ComputerEquipment 2024-12-29 04951240 frs-core:FurnitureFittings 2024-12-30 2025-12-29 04951240 frs-core:MotorVehicles 2025-12-29 04951240 frs-core:MotorVehicles 2024-12-30 2025-12-29 04951240 frs-core:MotorVehicles 2024-12-29 04951240 frs-core:PlantMachinery 2025-12-29 04951240 frs-core:PlantMachinery 2024-12-30 2025-12-29 04951240 frs-core:PlantMachinery 2024-12-29 04951240 frs-core:WithinOneYear 2025-12-29 04951240 frs-core:ShareCapital 2025-12-29 04951240 frs-core:RetainedEarningsAccumulatedLosses 2025-12-29 04951240 frs-bus:PrivateLimitedCompanyLtd 2024-12-30 2025-12-29 04951240 frs-bus:FilletedAccounts 2024-12-30 2025-12-29 04951240 frs-bus:SmallEntities 2024-12-30 2025-12-29 04951240 frs-bus:AuditExempt-NoAccountantsReport 2024-12-30 2025-12-29 04951240 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-30 2025-12-29 04951240 frs-core:CostValuation 2024-12-29 04951240 frs-core:CostValuation 2025-12-29 04951240 frs-core:ProvisionsForImpairmentInvestments 2024-12-29 04951240 frs-core:ProvisionsForImpairmentInvestments 2025-12-29 04951240 frs-bus:Director1 2024-12-30 2025-12-29 04951240 frs-countries:EnglandWales 2024-12-30 2025-12-29 04951240 2023-12-29 04951240 2024-12-29 04951240 2023-12-30 2024-12-29 04951240 frs-core:CurrentFinancialInstruments 2024-12-29 04951240 frs-core:Non-currentFinancialInstruments 2024-12-29 04951240 frs-core:BetweenOneFiveYears 2024-12-29 04951240 frs-core:WithinOneYear 2024-12-29 04951240 frs-core:ShareCapital 2024-12-29 04951240 frs-core:RetainedEarningsAccumulatedLosses 2024-12-29
Registered number: 04951240
PS 1 Limited
Unaudited Financial Statements
For The Year Ended 29 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04951240
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,726 28,973
Investment Properties 5 1,400,000 1,400,000
Investments 6 50 50
1,417,776 1,429,023
CURRENT ASSETS
Debtors 7 78,953 91,122
Cash at bank and in hand 14,394 957
93,347 92,079
Creditors: Amounts Falling Due Within One Year 8 (53,887 ) (19,475 )
NET CURRENT ASSETS (LIABILITIES) 39,460 72,604
TOTAL ASSETS LESS CURRENT LIABILITIES 1,457,236 1,501,627
Creditors: Amounts Falling Due After More Than One Year 9 (953,818 ) (1,012,704 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,768 ) (5,063 )
NET ASSETS 500,650 483,860
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 500,649 483,859
SHAREHOLDERS' FUNDS 500,650 483,860
Page 1
Page 2
For the year ending 29 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 Profit and Loss Account.
On behalf of the board
Mr Andrew Robertson
Director
25/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PS 1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04951240 . The registered office is 9 Knightsbridge Court, Chester, CH1 1QG.
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.
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. 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 40% RB
Motor Vehicles 20% RB
Fixtures & Fittings 10% SL
Computer Equipment 40% RB
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
Page 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 30 December 2024 13,575 57,520 4,153 75,248
Additions - - 1,957 1,957
Disposals - (26,245 ) - (26,245 )
As at 29 December 2025 13,575 31,275 6,110 50,960
Depreciation
As at 30 December 2024 11,540 32,907 1,828 46,275
Provided during the period 275 3,203 1,126 4,604
Disposals - (17,645 ) - (17,645 )
As at 29 December 2025 11,815 18,465 2,954 33,234
Net Book Value
As at 29 December 2025 1,760 12,810 3,156 17,726
As at 30 December 2024 2,035 24,613 2,325 28,973
Page 4
Page 5
5. Investment Property
2025
£
Fair Value
As at 30 December 2024 and 29 December 2025 1,400,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost - 50
6. Investments
Associates
£
Cost or Valuation
As at 30 December 2024 50
As at 29 December 2025 50
Provision
As at 30 December 2024 -
As at 29 December 2025 -
Net Book Value
As at 29 December 2025 50
As at 30 December 2024 50
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 12,445
Prepayments and accrued income 3,922 739
VAT 80 2,987
4,002 16,171
Due after more than one year
Amounts owed by other participating interests 74,951 74,951
78,953 91,122
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,992 6,238
Trade creditors 18,027 367
Bank loans and overdrafts 2,268 5,172
Corporation tax 5,215 4,518
Other creditors 9,123 -
Accruals and deferred income 15,262 3,180
53,887 19,475
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 3,992
Bank loans - 2,268
Accruals and deferred income 3,180 11,898
Director's loan account 950,638 994,546
953,818 1,012,704
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,992 6,238
Later than one year and not later than five years - 3,992
3,992 10,230
3,992 10,230
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 6