Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 04407942 Mr Jaswinder Sawhney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04407942 2022-09-30 04407942 2023-09-30 04407942 2022-10-01 2023-09-30 04407942 frs-core:CurrentFinancialInstruments 2023-09-30 04407942 frs-core:PlantMachinery 2023-09-30 04407942 frs-core:PlantMachinery 2022-10-01 2023-09-30 04407942 frs-core:PlantMachinery 2022-09-30 04407942 frs-core:ShareCapital 2023-09-30 04407942 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 04407942 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04407942 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 04407942 frs-bus:SmallEntities 2022-10-01 2023-09-30 04407942 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 04407942 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 04407942 frs-bus:Director1 2022-10-01 2023-09-30 04407942 frs-countries:EnglandWales 2022-10-01 2023-09-30 04407942 2021-09-30 04407942 2022-09-30 04407942 2021-10-01 2022-09-30 04407942 frs-core:CurrentFinancialInstruments 2022-09-30 04407942 frs-core:ShareCapital 2022-09-30 04407942 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 04407942
Pie 2 Brands Ltd
Financial Statements
For The Year Ended 30 September 2023
SAWHNEY CONSULTING
C/O Sawhney Consulting Limited
429 - 433 Pinner Road
Harrow
HA1 4HN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04407942
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,541 8,756
13,541 8,756
CURRENT ASSETS
Stocks 5 1,241,045 2,332,305
Debtors 6 3,347,411 3,420,284
Cash at bank and in hand 2,472 11,846
4,590,928 5,764,435
Creditors: Amounts Falling Due Within One Year 7 (3,577,206 ) (4,818,198 )
NET CURRENT ASSETS (LIABILITIES) 1,013,722 946,237
TOTAL ASSETS LESS CURRENT LIABILITIES 1,027,263 954,993
NET ASSETS 1,027,263 954,993
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,027,163 954,893
SHAREHOLDERS' FUNDS 1,027,263 954,993
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For the year ending 30 September 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 Jaswinder Sawhney
Director
17 July 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
Pie 2 Brands Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04407942 . The registered office is 27 King Street, Watford Place, Watford, Hertfordshire, WD18 0BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: 
Plant and machinery etc 20% Straight line method
2.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2.5. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.8. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 3)
10 3
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4. Tangible Assets
Plant and machinery etc
£
Cost
As at 1 October 2022 13,565
Additions 9,372
As at 30 September 2023 22,937
Depreciation
As at 1 October 2022 4,809
Provided during the period 4,587
As at 30 September 2023 9,396
Net Book Value
As at 30 September 2023 13,541
As at 1 October 2022 8,756
5. Stocks
2023 2022
£ £
Stock 1,241,045 2,332,305
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,093,886 2,823,223
Other debtors 253,525 597,061
3,347,411 3,420,284
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 144,025 536,913
Bank loans and overdrafts 111,886 16,093
Other creditors 3,223,469 4,101,240
Taxation and social security 97,826 163,952
3,577,206 4,818,198
Other creditors include 2023: £2,672,803 (2022: £3,760,842) relating to factoring company as at balance sheet date. These are secured by debenture comprising fixed and floating charges over all assets and undertaking of the company including all present and future freehold and leasehold property and all the assets of the company. 
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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9.
Other information
PIE 2 BRANDS LTD is a private company limited by shares and incorporated in England. Its registered office is: 
27, King Street, 
Watford Place, Watford, 
Hertfordshire, 
England 
WD18 0BY 
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