Acorah Software Products - Accounts Production 15.0.500 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 12569095 Mr Milaim Zenelaj Mrs Dorota Zenelaj iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12569095 2023-04-30 12569095 2024-04-30 12569095 2023-05-01 2024-04-30 12569095 frs-core:CurrentFinancialInstruments 2024-04-30 12569095 frs-core:Non-currentFinancialInstruments 2024-04-30 12569095 frs-core:ComputerEquipment 2024-04-30 12569095 frs-core:ComputerEquipment 2023-05-01 2024-04-30 12569095 frs-core:ComputerEquipment 2023-04-30 12569095 frs-core:NetGoodwill 2024-04-30 12569095 frs-core:NetGoodwill 2023-05-01 2024-04-30 12569095 frs-core:NetGoodwill 2023-04-30 12569095 frs-core:PlantMachinery 2024-04-30 12569095 frs-core:PlantMachinery 2023-05-01 2024-04-30 12569095 frs-core:PlantMachinery 2023-04-30 12569095 frs-core:ShareCapital 2024-04-30 12569095 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12569095 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12569095 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 12569095 frs-bus:SmallEntities 2023-05-01 2024-04-30 12569095 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12569095 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12569095 frs-bus:Director1 2023-05-01 2024-04-30 12569095 frs-bus:Director2 2023-05-01 2024-04-30 12569095 frs-core:CurrentFinancialInstruments 2 2024-04-30 12569095 frs-countries:EnglandWales 2023-05-01 2024-04-30 12569095 2022-04-30 12569095 2023-04-30 12569095 2022-05-01 2023-04-30 12569095 frs-core:CurrentFinancialInstruments 2023-04-30 12569095 frs-core:Non-currentFinancialInstruments 2023-04-30 12569095 frs-core:ShareCapital 2023-04-30 12569095 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 12569095 frs-core:CurrentFinancialInstruments 2 2023-04-30
Registered number: 12569095
PEONEY LTD
Unaudited Financial Statements
For The Year Ended 30 April 2024
Harvey Winning & Co Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12569095
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 60,000 60,000
Tangible Assets 4 8,732 8,684
68,732 68,684
CURRENT ASSETS
Stocks 5 4,000 3,500
Debtors 6 6,388 13,336
Cash at bank and in hand 196,954 122,961
207,342 139,797
Creditors: Amounts Falling Due Within One Year 7 (77,519 ) (45,017 )
NET CURRENT ASSETS (LIABILITIES) 129,823 94,780
TOTAL ASSETS LESS CURRENT LIABILITIES 198,555 163,464
Creditors: Amounts Falling Due After More Than One Year 8 - (60,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,659 ) (2,231 )
NET ASSETS 196,896 101,233
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 196,895 101,232
SHAREHOLDERS' FUNDS 196,896 101,233
Page 1
Page 2
For the year ending 30 April 2024 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 Milaim Zenelaj
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
1.4. 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:
Plant & Machinery 25% SL
Computer Equipment 25% SL
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. 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. 
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 17 (2023: 12)
17 12
3. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 60,000
As at 30 April 2024 60,000
Net Book Value
As at 30 April 2024 60,000
As at 1 May 2023 60,000
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 10,329 1,249 11,578
Additions 2,959 - 2,959
As at 30 April 2024 13,288 1,249 14,537
Depreciation
As at 1 May 2023 2,582 312 2,894
Provided during the period 2,677 234 2,911
As at 30 April 2024 5,259 546 5,805
Net Book Value
As at 30 April 2024 8,029 703 8,732
As at 1 May 2023 7,747 937 8,684
5. Stocks
2024 2023
£ £
Materials 4,000 3,500
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,388 13,336
6,388 13,336
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,716 3,734
Corporation tax 41,240 15,032
PAYE control 1,485 2,877
VAT 13,134 15,104
Net wages 4,141 -
Other creditors 1,306 1,306
Pension control 71 -
Accruals and deferred income 1,750 1,600
Directors' loan accounts 7,676 5,364
77,519 45,017
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings - 60,000
- 60,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. General Information
PEONEY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12569095 . The registered office is 56 Beckingham, Orton Goldhay, Peterborough, PE2 5TL.
Page 5