Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 10203283 Mr George Austin Mr Robert Howarth Mr Alec Clements Mr Pawel Badenski iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10203283 2022-10-31 10203283 2023-10-31 10203283 2022-11-01 2023-10-31 10203283 frs-core:CurrentFinancialInstruments 2023-10-31 10203283 frs-core:Non-currentFinancialInstruments 2023-10-31 10203283 frs-core:ComputerEquipment 2023-10-31 10203283 frs-core:ComputerEquipment 2022-11-01 2023-10-31 10203283 frs-core:ComputerEquipment 2022-10-31 10203283 frs-core:FurnitureFittings 2023-10-31 10203283 frs-core:FurnitureFittings 2022-11-01 2023-10-31 10203283 frs-core:FurnitureFittings 2022-10-31 10203283 frs-core:SharePremium 2023-10-31 10203283 frs-core:ShareCapital 2023-10-31 10203283 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10203283 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10203283 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10203283 frs-bus:SmallEntities 2022-11-01 2023-10-31 10203283 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10203283 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10203283 frs-bus:Director1 2022-11-01 2023-10-31 10203283 frs-bus:Director2 2022-11-01 2023-10-31 10203283 frs-bus:Director3 2022-11-01 2023-10-31 10203283 frs-bus:Director4 2022-11-01 2023-10-31 10203283 frs-countries:EnglandWales 2022-11-01 2023-10-31 10203283 2021-10-31 10203283 2022-10-31 10203283 2021-11-01 2022-10-31 10203283 frs-core:CurrentFinancialInstruments 2022-10-31 10203283 frs-core:Non-currentFinancialInstruments 2022-10-31 10203283 frs-core:SharePremium 2022-10-31 10203283 frs-core:ShareCapital 2022-10-31 10203283 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 10203283
Pricing Monkey Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
FinDept Ltd
Office F1, Berkeley House
Dix's Field
Exeter
Devon
EX1 1PZ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10203283
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,076 899
2,076 899
CURRENT ASSETS
Debtors 5 136,451 142,944
Cash at bank and in hand 675,294 358,551
811,745 501,495
Creditors: Amounts Falling Due Within One Year 6 (223,913 ) (181,287 )
NET CURRENT ASSETS (LIABILITIES) 587,832 320,208
TOTAL ASSETS LESS CURRENT LIABILITIES 589,908 321,107
Creditors: Amounts Falling Due After More Than One Year 7 (30,787 ) (36,300 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (519 ) (171 )
NET ASSETS 558,602 284,636
CAPITAL AND RESERVES
Called up share capital 8 1,435 1,383
Share premium account 664 -
Profit and Loss Account 556,503 283,253
SHAREHOLDERS' FUNDS 558,602 284,636
Page 1
Page 2
For the year ending 31 October 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.
Signed and approved for issue on behalf of the board by:
Mr Alec Clements
Director
30/07/2024
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
Pricing Monkey Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10203283 . The registered office is Cottage 1, Bow Locks Gillender Street, London, E3 3JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 section 1A Small Entities - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these Financial Statements. Accordingly, the going concern basis has been adopted in preparing these Financial Statements.
2.3. 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.
2.4. 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:
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
2.5. Foreign Currencies
The Functional currency is considered to be pounds sterling. 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.
2.6. Taxation
Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity, is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profits for the year or prior years and is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current or prior periods.
Deferred tax arises from timing differences between taxable profits for the period and those shown in the financial statements. Deferred tax is recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.
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2.7. Pensions
The Company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The contributions are recognised as an expense in the profit or loss when they fall due. Amounts of £3,301 (2022: £3,005) not paid at the Balance Sheet date are included within other creditors.
2.8. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction cost
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
2.10. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
The average number of employees, including directors, during the year was 8 (2022: 7)
8 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 938 2,028 2,966
Additions - 2,124 2,124
As at 31 October 2023 938 4,152 5,090
Depreciation
As at 1 November 2022 628 1,439 2,067
Provided during the period 187 760 947
As at 31 October 2023 815 2,199 3,014
Net Book Value
As at 31 October 2023 123 1,953 2,076
As at 1 November 2022 310 589 899
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 113,415 44,699
Prepayments and accrued income 23,036 7,215
Corporation tax recoverable assets - 91,030
136,451 142,944
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 192 851
Bank loans and overdrafts 5,514 5,515
Corporation tax 105,941 26,824
Other taxes and social security 34,384 25,495
VAT 53,915 31,902
Other creditors 7,621 3,005
Accruals and deferred income 16,346 87,695
223,913 181,287
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 30,787 36,300
30,787 36,300
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,435 1,383
143,454 Ordinary shares of £0.01 each (2022: 138,257 shares of £0.01 each)
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