Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08420612 Mr Paul Gray Mrs Samantha Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08420612 2023-02-28 08420612 2024-02-29 08420612 2023-03-01 2024-02-29 08420612 frs-core:CurrentFinancialInstruments 2024-02-29 08420612 frs-core:ComputerEquipment 2024-02-29 08420612 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08420612 frs-core:ComputerEquipment 2023-02-28 08420612 frs-core:PlantMachinery 2024-02-29 08420612 frs-core:PlantMachinery 2023-03-01 2024-02-29 08420612 frs-core:PlantMachinery 2023-02-28 08420612 frs-core:ShareCapital 2024-02-29 08420612 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08420612 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08420612 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08420612 frs-bus:SmallEntities 2023-03-01 2024-02-29 08420612 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08420612 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08420612 frs-bus:Director1 2023-03-01 2024-02-29 08420612 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 08420612 frs-countries:EnglandWales 2023-03-01 2024-02-29 08420612 2022-02-28 08420612 2023-02-28 08420612 2022-03-01 2023-02-28 08420612 frs-core:CurrentFinancialInstruments 2023-02-28 08420612 frs-core:ShareCapital 2023-02-28 08420612 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08420612
Peg35! Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Templeman Financial Limited t/a MyFD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08420612
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 62 15
Cash at bank and in hand 16,109 17,266
16,171 17,281
Creditors: Amounts Falling Due Within One Year 6 (1,243 ) (899 )
NET CURRENT ASSETS (LIABILITIES) 14,928 16,382
TOTAL ASSETS LESS CURRENT LIABILITIES 14,928 16,382
NET ASSETS 14,928 16,382
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 14,828 16,282
SHAREHOLDERS' FUNDS 14,928 16,382
For the year ending 29 February 2024 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 Paul Gray
Director
10/06/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Peg35! Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08420612 . The registered office is Greetwell Place, 2 Lime Kiln Way, Lincoln, Lincolnshire, LN2 4US.
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. 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:
Plant & Machinery Straight Line 33% and 50% at cost
Computer Equipment Straight Line 33% and 50% at cost
2.3. 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: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 918 5,395 6,313
As at 29 February 2024 918 5,395 6,313
Depreciation
As at 1 March 2023 918 5,395 6,313
As at 29 February 2024 918 5,395 6,313
...CONTINUED
Page 2
Page 3
Net Book Value
As at 29 February 2024 - - -
As at 1 March 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
VAT 62 15
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account 1,243 899
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3