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Registered number: 07946659
The Pineapple Group 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: 07946659
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 70,375 61,986
70,375 61,986
CURRENT ASSETS
Stocks 6 301,809 276,290
Debtors 7 54,769 71,107
Cash at bank and in hand 279,168 35,896
635,746 383,293
Creditors: Amounts Falling Due Within One Year 8 (633,949 ) (358,689 )
NET CURRENT ASSETS (LIABILITIES) 1,797 24,604
TOTAL ASSETS LESS CURRENT LIABILITIES 72,172 86,590
Creditors: Amounts Falling Due After More Than One Year 9 (50,136 ) (64,814 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,388 ) (15,246 )
NET ASSETS 4,648 6,530
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 4,548 6,430
SHAREHOLDERS' FUNDS 4,648 6,530
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 Nathan Jones
Director
6 September 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 Pineapple Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07946659 . The registered office is Pineapple House, Midland Road, Bournemouth, Dorset, BH9 1PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 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 25% Reducing balance & 25 years Straight Line
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
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 is 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.
2.7. Financial Instruments
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 measured 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.
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.
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2.8. Foreign Currencies
Monetary 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.
2.9. 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 year 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 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.
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.
2.10. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2022: 11)
16 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 10,000
As at 31 December 2023 10,000
Amortisation
As at 1 January 2023 10,000
As at 31 December 2023 10,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2023 - 30,985 70,484 101,469
Additions 17,885 7,314 - 25,199
As at 31 December 2023 17,885 38,299 70,484 126,668
Depreciation
As at 1 January 2023 - 18,780 20,703 39,483
Provided during the period 507 3,858 12,445 16,810
As at 31 December 2023 507 22,638 33,148 56,293
Net Book Value
As at 31 December 2023 17,378 15,661 37,336 70,375
As at 1 January 2023 - 12,205 49,781 61,986
6. Stocks
2023 2022
£ £
Finished goods 301,809 276,290
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 17,608 18,404
Prepayments and accrued income 19,530 6,202
Other debtors 17,631 46,501
54,769 71,107
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,567 3,589
Trade creditors 140,217 3,931
Bank loans and overdrafts 10,106 11,362
Other taxes and social security 137,268 58,915
Other creditors 51,133 16,220
Accruals and deferred income 6,511 1,625
Amounts owed to parent undertaking 284,147 263,047
633,949 358,689
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 33,631 38,198
Bank loans 16,505 26,616
50,136 64,814
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the assets to which they relate.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 38,198 41,787
11. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,567 3,589
Later than one year and not later than five years 33,631 38,198
38,198 41,787
38,198 41,787
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
13. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,735 (2022 - £1,789) were due to the fund. They are included in Other Creditors.
14. Ultimate Controlling Party
The company's immediate ultimate controlling party is The Pineapple Group Enterprises Ltd . Its registered office is Pineapple House, Midland Road, Bournemouth, Dorset, England, BH9 1PA.
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