Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10482190 Mr Adam Vergette Mr Timothy Diacon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10482190 2022-11-30 10482190 2023-11-30 10482190 2022-12-01 2023-11-30 10482190 frs-core:CurrentFinancialInstruments 2023-11-30 10482190 frs-core:Non-currentFinancialInstruments 2023-11-30 10482190 frs-core:ComputerEquipment 2023-11-30 10482190 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10482190 frs-core:ComputerEquipment 2022-11-30 10482190 frs-core:FurnitureFittings 2023-11-30 10482190 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10482190 frs-core:FurnitureFittings 2022-11-30 10482190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 10482190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 10482190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 10482190 frs-core:MotorVehicles 2023-11-30 10482190 frs-core:MotorVehicles 2022-12-01 2023-11-30 10482190 frs-core:MotorVehicles 2022-11-30 10482190 frs-core:PlantMachinery 2023-11-30 10482190 frs-core:PlantMachinery 2022-12-01 2023-11-30 10482190 frs-core:PlantMachinery 2022-11-30 10482190 frs-core:WithinOneYear 2023-11-30 10482190 frs-core:ShareCapital 2023-11-30 10482190 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10482190 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10482190 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10482190 frs-bus:SmallEntities 2022-12-01 2023-11-30 10482190 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10482190 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10482190 frs-core:UnlistedNon-exchangeTraded 2023-11-30 10482190 frs-core:UnlistedNon-exchangeTraded 2022-11-30 10482190 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 10482190 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 10482190 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 10482190 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 10482190 frs-bus:Director1 2022-12-01 2023-11-30 10482190 frs-bus:Director2 2022-12-01 2023-11-30 10482190 1 2022-12-01 2023-11-30 10482190 frs-countries:EnglandWales 2022-12-01 2023-11-30 10482190 2021-11-30 10482190 2022-11-30 10482190 2021-12-01 2022-11-30 10482190 frs-core:CurrentFinancialInstruments 2022-11-30 10482190 frs-core:Non-currentFinancialInstruments 2022-11-30 10482190 frs-core:BetweenOneFiveYears 2022-11-30 10482190 frs-core:WithinOneYear 2022-11-30 10482190 frs-core:ShareCapital 2022-11-30 10482190 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 10482190 1 2021-12-01 2022-11-30
Registered number: 10482190
Plykea Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10482190
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 304,285 390,776
Investments 5 77 77
304,362 390,853
CURRENT ASSETS
Stocks 25,000 25,000
Debtors 6 68,240 90,907
Cash at bank and in hand 686,682 217,773
779,922 333,680
Creditors: Amounts Falling Due Within One Year 7 (772,631 ) (548,274 )
NET CURRENT ASSETS (LIABILITIES) 7,291 (214,594 )
TOTAL ASSETS LESS CURRENT LIABILITIES 311,653 176,259
Creditors: Amounts Falling Due After More Than One Year 8 (41,153 ) (122,312 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,134 ) (9,134 )
NET ASSETS 247,366 44,813
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 247,266 44,713
SHAREHOLDERS' FUNDS 247,366 44,813
Page 1
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For the year ending 30 November 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 Adam Vergette
Director
22 August 2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Plykea Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 10482190 . The registered office is Unit 14 1 Lesney Avenue, London, Greater London, United Kingdom, E15 2GZ.
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, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
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 improvements 25% reducing balance
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Fixtures and fittings 25% reducing balance
Computer equipment 33.33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and 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 are valued at the lower of cost and estimated selling price less costs to complete and sell.
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
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2.7. Foreign Currencies
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.
2.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 
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 asset reflects 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.
2.9. 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.
2.10. Related Party Exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries within the group.
3. Average Number of Employees
2023 2022
Average number of employees, including directors, during the year 19 19
19 19
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4. Tangible Assets
Land & Property
Leasehold improvements Plant and machinery Motor vehicles Fixtures and fittings
£ £ £ £
Cost
As at 1 December 2022 463,123 105,684 106,854 38,778
Additions 11,129 3,600 - -
As at 30 November 2023 474,252 109,284 106,854 38,778
Depreciation
As at 1 December 2022 206,648 65,753 40,991 19,454
Provided during the period 65,830 13,597 16,466 1,780
As at 30 November 2023 272,478 79,350 57,457 21,234
Net Book Value
As at 30 November 2023 201,774 29,934 49,397 17,544
As at 1 December 2022 256,475 39,931 65,863 19,324
Computer equipment Total
£ £
Cost
As at 1 December 2022 38,274 752,713
Additions 933 15,662
As at 30 November 2023 39,207 768,375
Depreciation
As at 1 December 2022 29,091 361,937
Provided during the period 4,480 102,153
As at 30 November 2023 33,571 464,090
Net Book Value
As at 30 November 2023 5,636 304,285
As at 1 December 2022 9,183 390,776
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5. Investments
Unlisted
£
Cost
As at 1 December 2022 77
As at 30 November 2023 77
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 77
As at 1 December 2022 77
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 885
Amounts owed by group undertakings 129 129
Other debtors 68,111 89,893
68,240 90,907
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 22,899 22,194
Trade creditors 197,857 88,807
Bank loans and overdrafts 59,722 109,007
Other creditors 310,597 261,432
Taxation and social security 181,556 66,834
772,631 548,274
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 21,437
Bank loans 41,153 100,875
41,153 122,312
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9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,899 22,194
Later than one year and not later than five years - 21,437
22,899 43,631
22,899 43,631
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