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REGISTERED NUMBER: 07463771 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Pianola Limited

Pianola Limited (Registered number: 07463771)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pianola Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: J R Ward





SECRETARY: J R Ward





REGISTERED OFFICE: 15 Queen Square
Leeds
West Yorkshire
LS2 8AJ





REGISTERED NUMBER: 07463771 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Pianola Limited (Registered number: 07463771)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
CURRENT ASSETS
Debtors 6 3,180 19,584
Cash at bank 7,897 4,181
11,077 23,765
CREDITORS
Amounts falling due within one year 7 45,137 57,864
NET CURRENT LIABILITIES (34,060 ) (34,099 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,060

)

(34,099

)

CREDITORS
Amounts falling due after more than one year 8 34,270 32,883
NET LIABILITIES (68,330 ) (66,982 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (68,430 ) (67,082 )
SHAREHOLDERS' FUNDS (68,330 ) (66,982 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pianola Limited (Registered number: 07463771)

Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2023 and were signed by:





J R Ward - Director


Pianola Limited (Registered number: 07463771)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Pianola Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis due to the continuing support of the director and shareholder.

Turnover
Turnover comprises the value of services provided in the normal course of business. Revenue is recognised at the end of each month when customers are invoiced for the software usage. Turnover that relates to later years has not been deferred.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Patents and licences - 20% on cost
Development costs - 20% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website and software - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Pianola Limited (Registered number: 07463771)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 2,049 12,100 14,149
AMORTISATION
At 1 January 2022
and 31 December 2022 2,049 12,100 14,149
NET BOOK VALUE
At 31 December 2022 - - -
At 31 December 2021 - - -

Pianola Limited (Registered number: 07463771)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Website Fixtures
and and Computer
software fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 93,527 676 2,983 97,186
Disposals - - (897 ) (897 )
At 31 December 2022 93,527 676 2,086 96,289
DEPRECIATION
At 1 January 2022 93,527 676 2,983 97,186
Eliminated on disposal - - (897 ) (897 )
At 31 December 2022 93,527 676 2,086 96,289
NET BOOK VALUE
At 31 December 2022 - - - -
At 31 December 2021 - - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 3,167 2,139
Other debtors 13 17,445
3,180 19,584

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 1,780 3,940
Trade creditors 1,200 12,247
Taxation and social security - 1,353
Other creditors 42,157 40,324
45,137 57,864

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 34,270 32,883

Pianola Limited (Registered number: 07463771)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.22 31.12.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,907 16,308