Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11774033 Mr Damien South Mr George Franks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11774033 2022-12-31 11774033 2023-12-31 11774033 2023-01-01 2023-12-31 11774033 frs-core:CurrentFinancialInstruments 2023-12-31 11774033 frs-core:Non-currentFinancialInstruments 2023-12-31 11774033 frs-core:BetweenOneFiveYears 2023-12-31 11774033 frs-core:ComputerEquipment 2023-12-31 11774033 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11774033 frs-core:ComputerEquipment 2022-12-31 11774033 frs-core:FurnitureFittings 2023-12-31 11774033 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11774033 frs-core:FurnitureFittings 2022-12-31 11774033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11774033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11774033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 11774033 frs-core:MotorVehicles 2023-12-31 11774033 frs-core:MotorVehicles 2023-01-01 2023-12-31 11774033 frs-core:MotorVehicles 2022-12-31 11774033 frs-core:PlantMachinery 2023-12-31 11774033 frs-core:PlantMachinery 2023-01-01 2023-12-31 11774033 frs-core:PlantMachinery 2022-12-31 11774033 frs-core:WithinOneYear 2023-12-31 11774033 frs-core:ShareCapital 2023-12-31 11774033 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11774033 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11774033 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11774033 frs-bus:SmallEntities 2023-01-01 2023-12-31 11774033 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11774033 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11774033 frs-bus:Director1 2023-01-01 2023-12-31 11774033 frs-bus:Director2 2023-01-01 2023-12-31 11774033 frs-countries:EnglandWales 2023-01-01 2023-12-31 11774033 2021-12-31 11774033 2022-12-31 11774033 2022-01-01 2022-12-31 11774033 frs-core:CurrentFinancialInstruments 2022-12-31 11774033 frs-core:Non-currentFinancialInstruments 2022-12-31 11774033 frs-core:BetweenOneFiveYears 2022-12-31 11774033 frs-core:WithinOneYear 2022-12-31 11774033 frs-core:ShareCapital 2022-12-31 11774033 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11774033
Piso Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11774033
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,897 89,024
71,897 89,024
CURRENT ASSETS
Stocks 5 14,000 34,500
Debtors 6 438,101 407,463
Cash at bank and in hand 299,656 267,065
751,757 709,028
Creditors: Amounts Falling Due Within One Year 7 (253,130 ) (251,423 )
NET CURRENT ASSETS (LIABILITIES) 498,627 457,605
TOTAL ASSETS LESS CURRENT LIABILITIES 570,524 546,629
Creditors: Amounts Falling Due After More Than One Year 8 (5,121 ) (8,759 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,147 ) (22,256 )
NET ASSETS 550,256 515,614
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 550,156 515,514
SHAREHOLDERS' FUNDS 550,256 515,614
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 Damien South
Director
09/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Piso Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11774033 . The registered office is 51 Riverside Estate, Sir Thomas Longley Road, Rochester, Kent, ME2 4DP.
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.
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:
Leasehold 20% SL
Plant & Machinery 15% WDV
Motor Vehicles 33.3% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 33.3% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
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2.6. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 - 2,344 108,700 306
Additions 7,108 4,386 - 1,003
As at 31 December 2023 7,108 6,730 108,700 1,309
Depreciation
As at 1 January 2023 - 919 24,189 116
Provided during the period 1,068 413 28,142 75
As at 31 December 2023 1,068 1,332 52,331 191
Net Book Value
As at 31 December 2023 6,040 5,398 56,369 1,118
As at 1 January 2023 - 1,425 84,511 190
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2023 4,431 115,781
Additions 2,323 14,820
As at 31 December 2023 6,754 130,601
Depreciation
As at 1 January 2023 1,533 26,757
Provided during the period 2,249 31,947
As at 31 December 2023 3,782 58,704
Net Book Value
As at 31 December 2023 2,972 71,897
As at 1 January 2023 2,898 89,024
5. Stocks
2023 2022
£ £
Stock 14,000 34,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 382,447 173,973
Other debtors 55,654 233,490
438,101 407,463
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,702 3,396
Trade creditors 165,522 77,819
Amounts owed to participating interests - 30,114
Other creditors 52,301 81,139
Taxation and social security 31,605 58,955
253,130 251,423
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 5,121 8,759
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,702 3,396
Later than one year and not later than five years 5,121 8,759
8,823 12,155
8,823 12,155
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in Other Creditors is an amount owed to Baubill Ltd totalling £0 (2022 - £30,144), for which Mr D South is a director. No interest is to be charged and no repayment terms have been agreed.
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