Acorah Software Products - Accounts Production 15.0.500 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12933624 Mr Anthony Cauchi Mr Lloyd Salmons Miss Rebecca Davies The Peptalk Co true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12933624 2022-12-31 12933624 2023-12-31 12933624 2023-01-01 2023-12-31 12933624 frs-core:CurrentFinancialInstruments 2023-12-31 12933624 frs-core:Non-currentFinancialInstruments 2023-12-31 12933624 frs-core:ComputerEquipment 2023-12-31 12933624 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12933624 frs-core:ComputerEquipment 2022-12-31 12933624 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 12933624 frs-core:FurnitureFittings 2023-12-31 12933624 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12933624 frs-core:FurnitureFittings 2022-12-31 12933624 frs-core:OtherResidualIntangibleAssets 2023-12-31 12933624 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 12933624 frs-core:OtherResidualIntangibleAssets 2022-12-31 12933624 frs-core:ShareCapital 2023-12-31 12933624 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12933624 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12933624 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12933624 frs-bus:SmallEntities 2023-01-01 2023-12-31 12933624 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12933624 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12933624 1 2023-01-01 2023-12-31 12933624 frs-bus:Director1 2023-01-01 2023-12-31 12933624 frs-bus:Director2 2023-01-01 2023-12-31 12933624 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 12933624 frs-countries:EnglandWales 2023-01-01 2023-12-31 12933624 2021-12-31 12933624 2022-12-31 12933624 2022-01-01 2022-12-31 12933624 frs-core:CurrentFinancialInstruments 2022-12-31 12933624 frs-core:Non-currentFinancialInstruments 2022-12-31 12933624 frs-core:ShareCapital 2022-12-31 12933624 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12933624
Get a Peptalk Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12933624
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 168,740 98,515
Tangible Assets 5 6,175 3,850
174,915 102,365
CURRENT ASSETS
Debtors 6 297,040 218,979
Cash at bank and in hand 22,626 43,228
319,666 262,207
Creditors: Amounts Falling Due Within One Year 7 (369,431 ) (330,660 )
NET CURRENT ASSETS (LIABILITIES) (49,765 ) (68,453 )
TOTAL ASSETS LESS CURRENT LIABILITIES 125,150 33,912
Creditors: Amounts Falling Due After More Than One Year 8 (1,245,240 ) (762,697 )
NET LIABILITIES (1,120,090 ) (728,785 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (1,120,091 ) (728,786 )
SHAREHOLDERS' FUNDS (1,120,090) (728,785)
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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 Anthony Cauchi
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Get a Peptalk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12933624 . The registered office is Unit 2 Pondtail Farm, Coolham Road, West Grinstead, Horsham, West Sussex, RH13 8LN.
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. Going Concern Disclosure
These financial statements have been prepared on the basis that the company will continue to be a going concern. 
The parent company, The Peptalk Co, will continue to provide financial support to the company to enable it to meet its liabilities as they fall due. The directors therefore believe the company is a going concern.
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 rendering of services.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are development costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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 Straight Line over 5 years
Computer Equipment Straight Line over 5 years
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 7)
6 7
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 104,657
Additions 85,830
As at 31 December 2023 190,487
Amortisation
As at 1 January 2023 6,142
Provided during the period 15,605
As at 31 December 2023 21,747
Net Book Value
As at 31 December 2023 168,740
As at 1 January 2023 98,515
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 931 3,650 4,581
Additions - 3,397 3,397
As at 31 December 2023 931 7,047 7,978
Depreciation
As at 1 January 2023 171 560 731
Provided during the period 186 886 1,072
As at 31 December 2023 357 1,446 1,803
Net Book Value
As at 31 December 2023 574 5,601 6,175
As at 1 January 2023 760 3,090 3,850
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 244,536 209,328
Prepayments and accrued income 52,504 9,271
Other debtors - 380
297,040 218,979
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 51,463 59,875
Other taxes and social security 10,051 11,310
VAT 17,095 18,878
Other creditors 1,611 1,820
Accruals and deferred income 289,177 238,743
Directors' loan accounts 34 34
369,431 330,660
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to parent undertaking 1,245,240 762,697
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
As at 31 December 2023 the company owed £1,245,240 (2022: £762,697 ) to The Peptalk Co. The loan was interest free with no set repayments terms.
As at 31 December 2023 the company owed £34 (2022: £34 ) to Lloyd Salmons. The loan was interest free with no set repayments terms.
11. Ultimate Controlling Party
The company's ultimate controlling party is The Peptalk Co by virtue of the ownership of 100% of the issued share capital in the company. The Peptalk Co. was incorporated in the US state of Delaware.
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