Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05024868 Mr Shanmugam Dharma Rajah S Dharmarajah true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05024868 2023-01-31 05024868 2024-01-31 05024868 2023-02-01 2024-01-31 05024868 frs-core:CurrentFinancialInstruments 2024-01-31 05024868 frs-core:PlantMachinery 2024-01-31 05024868 frs-core:PlantMachinery 2023-02-01 2024-01-31 05024868 frs-core:PlantMachinery 2023-01-31 05024868 frs-core:ShareCapital 2024-01-31 05024868 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05024868 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05024868 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05024868 frs-bus:SmallEntities 2023-02-01 2024-01-31 05024868 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05024868 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05024868 1 2023-02-01 2024-01-31 05024868 frs-bus:Director1 2023-02-01 2024-01-31 05024868 frs-countries:EnglandWales 2023-02-01 2024-01-31 05024868 2022-01-31 05024868 2023-01-31 05024868 2022-02-01 2023-01-31 05024868 frs-core:CurrentFinancialInstruments 2023-01-31 05024868 frs-core:ShareCapital 2023-01-31 05024868 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05024868
Pete & Liz Limited
Financial Statements
For The Year Ended 31 January 2024
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05024868
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 - 60,000
Investments 6 266,401 308,755
Cash at bank and in hand 425,444 249,559
691,845 618,314
Creditors: Amounts Falling Due Within One Year 7 (21,667 ) (20,084 )
NET CURRENT ASSETS (LIABILITIES) 670,178 598,230
TOTAL ASSETS LESS CURRENT LIABILITIES 670,178 598,230
NET ASSETS 670,178 598,230
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 670,078 598,130
SHAREHOLDERS' FUNDS 670,178 598,230
For the year ending 31 January 2024 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 Shanmugam Dharma Rajah
Director
15th February 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Pete & Liz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05024868 . The registered office is Manor House Manor Farm House, Irby, Grimsby, DN37 7JS.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% on cost
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 1,748
As at 31 January 2024 1,748
Depreciation
As at 1 February 2023 1,748
As at 31 January 2024 1,748
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 60,000
- 60,000
6. Current Asset Investments
2024 2023
£ £
Listed investments 266,401 308,755
266,401 308,755
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 20,494 18,883
Accruals and deferred income 500 450
Director's loan account 673 751
21,667 20,084
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 1,000 2,000
1,000 2,000
10. Ultimate Controlling Party
The company's ultimate controlling party is S Dharmarajah by virtue of his ownership of 100% of the issued share capital in the company.
Page 3