Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08113715 Mrs Colleen Steidl Mr Ernesto Steidl Ernesto Steidl and Colleen Steidl true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08113715 2023-06-30 08113715 2024-06-30 08113715 2023-07-01 2024-06-30 08113715 frs-core:CurrentFinancialInstruments 2024-06-30 08113715 frs-core:ComputerEquipment 2024-06-30 08113715 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08113715 frs-core:ComputerEquipment 2023-06-30 08113715 frs-core:FurnitureFittings 2024-06-30 08113715 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08113715 frs-core:FurnitureFittings 2023-06-30 08113715 frs-core:PlantMachinery 2024-06-30 08113715 frs-core:PlantMachinery 2023-07-01 2024-06-30 08113715 frs-core:PlantMachinery 2023-06-30 08113715 frs-core:ShareCapital 2024-06-30 08113715 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08113715 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08113715 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08113715 frs-bus:SmallEntities 2023-07-01 2024-06-30 08113715 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08113715 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08113715 1 2023-07-01 2024-06-30 08113715 frs-bus:Director1 2023-07-01 2024-06-30 08113715 frs-bus:Director2 2023-07-01 2024-06-30 08113715 frs-countries:EnglandWales 2023-07-01 2024-06-30 08113715 2022-06-30 08113715 2023-06-30 08113715 2022-07-01 2023-06-30 08113715 frs-core:CurrentFinancialInstruments 2023-06-30 08113715 frs-core:ShareCapital 2023-06-30 08113715 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08113715
Paparrito's Limited
Financial Statements
For The Year Ended 30 June 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Paparrito's Limited for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paparrito's Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Paparrito's Limited , as a body, in accordance with the terms of our engagement letter dated 15 October 2019. Our work has been undertaken solely to prepare for your approval the accounts of Paparrito's Limited and state those matters that we have agreed to state to the directors of Paparrito's Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paparrito's Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Paparrito's Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Paparrito's Limited . You consider that Paparrito's Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Paparrito's Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
7th October 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
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Page 2
Balance Sheet
Registered number: 08113715
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,207 8,722
9,207 8,722
CURRENT ASSETS
Stocks 5 10,540 7,890
Debtors 6 6,538 11,507
Cash at bank and in hand 52,442 88,454
69,520 107,851
Creditors: Amounts Falling Due Within One Year 7 (36,880 ) (42,900 )
NET CURRENT ASSETS (LIABILITIES) 32,640 64,951
TOTAL ASSETS LESS CURRENT LIABILITIES 41,847 73,673
NET ASSETS 41,847 73,673
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 41,647 73,473
SHAREHOLDERS' FUNDS 41,847 73,673
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For the year ending 30 June 2024 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 Profit and Loss Account.
On behalf of the board
Mr Ernesto Steidl
Director
7th October 2024
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Paparrito's Limited Registered number 08113715 is a limited by shares company incorporated in England & Wales. The Registered Office is 214/216 High Street High Street, Cheltenham, GL50 3HF.
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 Financial Reporting Standard for Smaller Entities (effective April 2008).
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
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.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.6. 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.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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 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 tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. 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.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 13)
11 13
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 14,845 24,157 2,467 41,469
Additions 663 1,250 1,110 3,023
Disposals (751 ) (370 ) (946 ) (2,067 )
As at 30 June 2024 14,757 25,037 2,631 42,425
Depreciation
As at 1 July 2023 11,138 20,628 981 32,747
Provided during the period 783 737 289 1,809
Disposals (418 ) (320 ) (600 ) (1,338 )
As at 30 June 2024 11,503 21,045 670 33,218
Net Book Value
As at 30 June 2024 3,254 3,992 1,961 9,207
As at 1 July 2023 3,707 3,529 1,486 8,722
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5. Stocks
2024 2023
£ £
Materials 10,540 7,890
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 6,538 11,507
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,776 16,676
Corporation tax 4,156 4,260
Other taxes and social security 2,779 2,124
VAT 11,559 11,743
Net wages 169 17
Other creditors 538 637
Accruals and deferred income 3,105 3,189
Directors' loan accounts 7,798 4,254
36,880 42,900
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mrs Colleen Steidl 12,500 25,000
Mr Ernesto Steidl 12,500 25,000
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10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 50,000 100,000
11. Related Party Transactions
The directors and shareholders Mr Ernesto Steidl and Mrs Colleen Steidl are also directors and shareholders of Zelmax Ltd.
During the year the company paid rent and services to Zelmax Ltd in the value of £66464.61(2023: £62375.42). At the balance sheet date the company owed £Nil  (2023: £6000) to Zelmax Ltd
12. Ultimate Controlling Party
The company's ultimate controlling parties are Ernesto Steidl and Colleen Steidl by virtue of thier ownership of 50% of the issued share capital in the company.
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