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 SC418875 Mr Arthur Leaker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC418875 2022-12-31 SC418875 2023-12-31 SC418875 2023-01-01 2023-12-31 SC418875 frs-core:CurrentFinancialInstruments 2023-12-31 SC418875 frs-core:ShareCapital 2023-12-31 SC418875 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC418875 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC418875 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC418875 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC418875 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC418875 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC418875 frs-bus:Director1 2023-01-01 2023-12-31 SC418875 frs-countries:Scotland 2023-01-01 2023-12-31 SC418875 2021-12-31 SC418875 2022-12-31 SC418875 2022-01-01 2022-12-31 SC418875 frs-core:CurrentFinancialInstruments 2022-12-31 SC418875 frs-core:ShareCapital 2022-12-31 SC418875 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC418875
Poennighaus (UK) Ltd
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC418875
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 94,334 -
Debtors 5 206,278 148,765
Cash at bank and in hand 207,198 172,047
507,810 320,812
Creditors: Amounts Falling Due Within One Year 6 (373,950 ) (172,813 )
NET CURRENT ASSETS (LIABILITIES) 133,860 147,999
TOTAL ASSETS LESS CURRENT LIABILITIES 133,860 147,999
NET ASSETS 133,860 147,999
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 133,859 147,998
SHAREHOLDERS' FUNDS 133,860 147,999
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 Arthur Leaker
Director
20th August 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
Poennighaus (UK) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC418875 . The registered office is Units 109 - 110 Block 11, Howden Ave, Newhouse Industrial Estate, Newhouse, Motherwell, Lanarkshire, ML1 5RX.
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. 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.
2.4. 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.
2.5. 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.
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: 1 (2022: 1)
1 1
4. Stocks
2023 2022
£ £
Stock 94,334 -
Page 2
Page 3
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 66,278 48,765
Other debtors 140,000 100,000
206,278 148,765
Other debtors due within one year relate to amounts owed from an associated company. 
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 330,664 136,218
Other creditors 1,310 1,250
Taxation and social security 41,976 35,345
373,950 172,813
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 3