Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 July 2022 false 1 January 2023 31 December 2023 31 December 2023 11498774 Mr Andrew Odjo Mr Bertie Stephens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11498774 2022-12-31 11498774 2023-12-31 11498774 2023-01-01 2023-12-31 11498774 frs-core:CurrentFinancialInstruments 2023-12-31 11498774 frs-core:Non-currentFinancialInstruments 2023-12-31 11498774 frs-core:ComputerEquipment 2023-12-31 11498774 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11498774 frs-core:ComputerEquipment 2022-12-31 11498774 frs-core:PlantMachinery 2023-12-31 11498774 frs-core:PlantMachinery 2023-01-01 2023-12-31 11498774 frs-core:PlantMachinery 2022-12-31 11498774 frs-core:SharePremium 2023-12-31 11498774 frs-core:ShareCapital 2023-12-31 11498774 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11498774 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11498774 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11498774 frs-bus:SmallEntities 2023-01-01 2023-12-31 11498774 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11498774 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11498774 frs-bus:Director1 2023-01-01 2023-12-31 11498774 frs-bus:Director2 2023-01-01 2023-12-31 11498774 frs-countries:EnglandWales 2023-01-01 2023-12-31 11498774 2022-06-30 11498774 2022-12-31 11498774 2022-07-01 2022-12-31 11498774 frs-core:CurrentFinancialInstruments 2022-12-31 11498774 frs-core:Non-currentFinancialInstruments 2022-12-31 11498774 frs-core:SharePremium 2022-12-31 11498774 frs-core:ShareCapital 2022-12-31 11498774 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11498774 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 11498774
Pyroplast Energy Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11498774
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,357 9,127
6,357 9,127
CURRENT ASSETS
Debtors 5 273,283 288,441
Investments 6 5 5
Cash at bank and in hand 452,367 613,886
725,655 902,332
Creditors: Amounts Falling Due Within One Year 7 (63,462 ) (138,837 )
NET CURRENT ASSETS (LIABILITIES) 662,193 763,495
TOTAL ASSETS LESS CURRENT LIABILITIES 668,550 772,622
Creditors: Amounts Falling Due After More Than One Year 8 (710,177 ) (1,347,892 )
NET LIABILITIES (41,627 ) (575,270 )
CAPITAL AND RESERVES
Called up share capital 9 1,446 1,446
Share premium account 2,444,171 2,444,171
Profit and Loss Account (2,487,244 ) (3,020,887 )
SHAREHOLDERS' FUNDS (41,627) (575,270)
Page 1
Page 2
For the year ending 31 December 2023 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 Bertie Stephens
Director
25 March 2024
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
Pyroplast Energy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11498774 . The registered office is 124 City Road, London, EC1V 2NX.
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 straight line over 10 years
Computer Equipment straight line over 3 years
2.4. Foreign Currencies
Monetary 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2022: 10)
13 10
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 6,800 18,517 25,317
As at 31 December 2023 6,800 18,517 25,317
Depreciation
As at 1 January 2023 1,020 15,170 16,190
Provided during the period 340 2,430 2,770
As at 31 December 2023 1,360 17,600 18,960
Net Book Value
As at 31 December 2023 5,440 917 6,357
As at 1 January 2023 5,780 3,347 9,127
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5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
VAT 6,980 25,315
Net wages 3,235 115
10,215 25,430
Due after more than one year
Other debtors 263,068 263,011
263,068 263,011
273,283 288,441
Other debtors comprise of loans to connected companies, Clean Planet Regeneration Ltd - £22,999 (2022 - £22,999) and Clean Planet Development Ltd - £240,069 (2022 - 240,012)
6. Current Asset Investments
31 December 2023 31 December 2022
£ £
Shares in subsidiaries 5 5
5 5
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 15,676 50,279
Other taxes and social security 43,259 35,139
Pension liability 4,240 3,419
Investments - 50,000
Directors' loan accounts 287 -
63,462 138,837
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Other loans 500,000 -
Amounts owed to related parties 210,177 1,347,892
710,177 1,347,892
Amounts owed to related parties comprise of loans from connected companies, Pyroplast Energy USA LLC - £0 (2022 - £973,787), Pyroplast Energie France - £210,175 (2022 - £210,175) and Clean Planet Teesside Ltd - £0 (2022 - £163,929).
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9. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1,446 1,446
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