Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12214580 Mrs D E McGee Mr G M Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12214580 2022-12-31 12214580 2023-12-31 12214580 2023-01-01 2023-12-31 12214580 frs-core:CurrentFinancialInstruments 2023-12-31 12214580 frs-core:ShareCapital 2023-12-31 12214580 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12214580 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12214580 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12214580 frs-bus:SmallEntities 2023-01-01 2023-12-31 12214580 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12214580 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12214580 frs-bus:Director1 2023-01-01 2023-12-31 12214580 frs-bus:Director2 2023-01-01 2023-12-31 12214580 frs-countries:EnglandWales 2023-01-01 2023-12-31 12214580 2021-12-31 12214580 2022-12-31 12214580 2022-01-01 2022-12-31 12214580 frs-core:CurrentFinancialInstruments 2022-12-31 12214580 frs-core:ShareCapital 2022-12-31 12214580 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12214580
PZI International Solutions, UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 12214580
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 166,760 72,877
Cash at bank and in hand 7,936 19,388
174,696 92,265
Creditors: Amounts Falling Due Within One Year 5 (259,550 ) (150,610 )
NET CURRENT ASSETS (LIABILITIES) (84,854 ) (58,345 )
TOTAL ASSETS LESS CURRENT LIABILITIES (84,854 ) (58,345 )
NET LIABILITIES (84,854 ) (58,345 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Income Statement (84,855 ) (58,346 )
SHAREHOLDERS' FUNDS (84,854) (58,345)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Mrs D E McGee
Director
26/09/2024
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
PZI International Solutions, UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12214580 . The registered office is 14 Austin Friars, 4th Floor (South), London, EC2N 2HE.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. Should it become necessary, the company would be able to meet its day to day working capital requirements through the continuing support of its parent company, PZI International Solutions Inc., who have provided a letter of support indicating continuing support for the company. 
2.3. 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.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
4 3
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 27
Amounts owed by group undertakings 166,760 72,850
166,760 72,877
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 56,026 -
Amounts owed to participating interests 175,285 138,456
Other creditors 15,074 5,501
Taxation and social security 13,165 6,653
259,550 150,610
Page 2
Page 3
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
PZI International Solutions, UK Ltd has taken the exemption under FRS 102, section 33 Related Party Disclosures paragraphs 33.1A, whereby the company is not required to disclose transactions with other wholly owned subsidiaries. 
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