Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06824485 Mr Stephen Marsden Mr Stephen Marsden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06824485 2022-12-31 06824485 2023-12-31 06824485 2023-01-01 2023-12-31 06824485 frs-core:CurrentFinancialInstruments 2023-12-31 06824485 frs-core:Non-currentFinancialInstruments 2023-12-31 06824485 frs-core:BetweenOneFiveYears 2023-12-31 06824485 frs-core:ComputerEquipment 2023-12-31 06824485 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06824485 frs-core:ComputerEquipment 2022-12-31 06824485 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 06824485 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06824485 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06824485 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 06824485 frs-core:MotorVehicles 2023-12-31 06824485 frs-core:MotorVehicles 2023-01-01 2023-12-31 06824485 frs-core:MotorVehicles 2022-12-31 06824485 frs-core:OtherResidualIntangibleAssets 2023-12-31 06824485 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 06824485 frs-core:OtherResidualIntangibleAssets 2022-12-31 06824485 frs-core:PlantMachinery 2023-12-31 06824485 frs-core:PlantMachinery 2023-01-01 2023-12-31 06824485 frs-core:PlantMachinery 2022-12-31 06824485 frs-core:WithinOneYear 2023-12-31 06824485 frs-core:ShareCapital 2023-12-31 06824485 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06824485 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06824485 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06824485 frs-bus:SmallEntities 2023-01-01 2023-12-31 06824485 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06824485 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06824485 frs-bus:Director1 2023-01-01 2023-12-31 06824485 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06824485 frs-countries:EnglandWales 2023-01-01 2023-12-31 06824485 2021-12-31 06824485 2022-12-31 06824485 2022-01-01 2022-12-31 06824485 frs-core:CurrentFinancialInstruments 2022-12-31 06824485 frs-core:Non-currentFinancialInstruments 2022-12-31 06824485 frs-core:BetweenOneFiveYears 2022-12-31 06824485 frs-core:WithinOneYear 2022-12-31 06824485 frs-core:ShareCapital 2022-12-31 06824485 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06824485
The Spitting Pig Company Ltd
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: 06824485
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 95
Tangible Assets 5 318,072 262,980
318,072 263,075
CURRENT ASSETS
Stocks 6 28,680 20,000
Debtors 7 313,977 95,180
Cash at bank and in hand 145,126 404,269
487,783 519,449
Creditors: Amounts Falling Due Within One Year 8 (690,953 ) (487,376 )
NET CURRENT ASSETS (LIABILITIES) (203,170 ) 32,073
TOTAL ASSETS LESS CURRENT LIABILITIES 114,902 295,148
Creditors: Amounts Falling Due After More Than One Year 9 (110,160 ) (36,129 )
NET ASSETS 4,742 259,019
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 4,741 259,018
SHAREHOLDERS' FUNDS 4,742 259,019
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 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 Stephen Marsden
Director
01/05/2024
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
The Spitting Pig Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06824485 . The registered office is 112 Manchester Road, Burnley, BB11 4HS.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. They are amortised to profit and loss account over their estimated economic life of 3 years.
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:
Leasehold 2% Straight line
Plant & Machinery 20% Straight line
Motor Vehicles 25% Reducing balance
Computer Equipment 20% Straight line
2.5. 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.
2.6. 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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2.7. 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. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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: 24 (2022: 19)
24 19
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 225,964
As at 31 December 2023 225,964
Amortisation
As at 1 January 2023 225,869
Provided during the period 95
As at 31 December 2023 225,964
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 95
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 79,672 149,776 150,926 15,950 396,324
Additions 58,719 22,356 40,423 915 122,413
Disposals - - (25,936 ) - (25,936 )
As at 31 December 2023 138,391 172,132 165,413 16,865 492,801
...CONTINUED
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Page 5
Depreciation
As at 1 January 2023 1,180 93,732 34,826 3,606 133,344
Provided during the period 2,292 19,190 31,699 3,221 56,402
Disposals - - (15,017 ) - (15,017 )
As at 31 December 2023 3,472 112,922 51,508 6,827 174,729
Net Book Value
As at 31 December 2023 134,919 59,210 113,905 10,038 318,072
As at 1 January 2023 78,492 56,044 116,100 12,344 262,980
6. Stocks
2023 2022
£ £
Stock 28,680 20,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 182,224 70,299
Prepayments and accrued income 115,128 12,276
Other debtors 16,625 12,605
313,977 95,180
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 22,462 26,794
Trade creditors 164,921 69,664
Other loans 102,029 -
Corporation tax 11,730 43,918
Other taxes and social security 59,126 29,984
VAT 63,524 139,541
Other creditors 42,215 54,003
Accruals and deferred income 221,460 123,466
Director's loan account 3,486 6
690,953 487,376
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 14,111 36,129
Other loans 96,049 -
110,160 36,129
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Page 6
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,462 26,794
Later than one year and not later than five years 14,111 36,129
36,573 62,923
36,573 62,923
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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