Acorah Software Products - Accounts Production 15.0.600 true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09767295 Mr Michael Corbin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09767295 2022-12-31 09767295 2023-12-31 09767295 2023-01-01 2023-12-31 09767295 frs-core:Non-currentFinancialInstruments 2023-12-31 09767295 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09767295 frs-core:NetGoodwill 2023-01-01 2023-12-31 09767295 frs-core:MotorVehicles 2023-01-01 2023-12-31 09767295 frs-core:ShareCapital 2023-12-31 09767295 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09767295 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09767295 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 09767295 frs-bus:SmallEntities 2023-01-01 2023-12-31 09767295 frs-bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 09767295 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09767295 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09767295 frs-bus:Director1 2023-01-01 2023-12-31 09767295 frs-countries:EnglandWales 2023-01-01 2023-12-31 09767295 2021-12-31 09767295 2022-12-31 09767295 2022-01-01 2022-12-31 09767295 frs-core:Non-currentFinancialInstruments 2022-12-31 09767295 frs-core:ShareCapital 2022-12-31 09767295 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09767295
Panugo Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09767295
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 89,048 89,048
Tangible Assets 5 20,376 20,376
109,424 109,424
CURRENT ASSETS
Debtors 13,258 13,258
Cash at bank and in hand 6,141 6,141
19,399 19,399
Creditors: Amounts Falling Due Within One Year (354,034 ) (354,033 )
NET CURRENT ASSETS (LIABILITIES) (334,635 ) (334,634 )
TOTAL ASSETS LESS CURRENT LIABILITIES (225,211 ) (225,210 )
Creditors: Amounts Falling Due After More Than One Year (16,519 ) (16,519 )
NET LIABILITIES (241,730 ) (241,729 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (241,830 ) (241,829 )
SHAREHOLDERS' FUNDS (241,730) (241,729)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael Corbin
Director
24th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Panugo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09767295 . The registered office is 219 Burton Road, Derby, DE23 6AE.
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. 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 .... 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:
Motor Vehicles 25% Reducing balance
Equipment 15% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Total
£
Cost
As at 1 January 2023 131,271
As at 31 December 2023 131,271
Amortisation
As at 1 January 2023 42,223
As at 31 December 2023 42,223
Net Book Value
As at 31 December 2023 89,048
As at 1 January 2023 89,048
Page 3
Page 4
5. Tangible Assets
Total
£
Cost
As at 1 January 2023 126,748
As at 31 December 2023 126,748
Depreciation
As at 1 January 2023 106,372
As at 31 December 2023 106,372
Net Book Value
As at 31 December 2023 20,376
As at 1 January 2023 20,376
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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