Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 October 2021 false 1 April 2023 31 March 2024 31 March 2024 04235777 Mr David Heard Mrs Susana Heard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04235777 2023-03-31 04235777 2024-03-31 04235777 2023-04-01 2024-03-31 04235777 frs-core:CurrentFinancialInstruments 2024-03-31 04235777 frs-core:Non-currentFinancialInstruments 2024-03-31 04235777 frs-core:PlantMachinery 2024-03-31 04235777 frs-core:PlantMachinery 2023-04-01 2024-03-31 04235777 frs-core:PlantMachinery 2023-03-31 04235777 frs-core:ShareCapital 2024-03-31 04235777 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04235777 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04235777 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04235777 frs-bus:SmallEntities 2023-04-01 2024-03-31 04235777 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04235777 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04235777 frs-bus:Director1 2023-04-01 2024-03-31 04235777 frs-bus:Director2 2023-04-01 2024-03-31 04235777 frs-countries:EnglandWales 2023-04-01 2024-03-31 04235777 2021-09-30 04235777 2023-03-31 04235777 2021-10-01 2023-03-31 04235777 frs-core:CurrentFinancialInstruments 2023-03-31 04235777 frs-core:Non-currentFinancialInstruments 2023-03-31 04235777 frs-core:ShareCapital 2023-03-31 04235777 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04235777
Palenque (Edinburgh) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
A2G Accountants Ltd
The Courtyard
Oakwood Park Business Centre
Fountains Road Bishop Thornton
Harrogate, North Yorkshire
HG3 3BF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04235777
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,074 1,432
1,074 1,432
CURRENT ASSETS
Stocks 5 63,184 53,008
Debtors 6 48,346 26,944
Cash at bank and in hand 30,836 56,419
142,366 136,371
Creditors: Amounts Falling Due Within One Year 7 (35,968 ) (16,174 )
NET CURRENT ASSETS (LIABILITIES) 106,398 120,197
TOTAL ASSETS LESS CURRENT LIABILITIES 107,472 121,629
NET ASSETS 107,472 121,629
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 107,470 121,627
SHAREHOLDERS' FUNDS 107,472 121,629
Page 1
Page 2
For the year ending 31 March 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 David Heard
Director
30/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Palenque (Edinburgh) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04235777 . The registered office is The Courtyard, Oakwood Park Business Centre, Fountains Road, Bishop Thornton, Harrogate , North Yorkshire , HG3 3BF.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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. 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
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 70,208
As at 31 March 2024 70,208
Depreciation
As at 1 April 2023 68,776
Provided during the period 358
As at 31 March 2024 69,134
Net Book Value
As at 31 March 2024 1,074
As at 1 April 2023 1,432
Page 3
Page 4
5. Stocks
31 March 2024 31 March 2023
£ £
Materials 63,184 53,008
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 165 1,333
VAT 1,665 1,564
1,830 2,897
Due after more than one year
Inter Company loans 46,516 24,047
48,346 26,944
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 6,446 3,162
Bank loans and overdrafts 348 1,858
Accruals 22,020 -
Directors' loan accounts 7,154 11,154
35,968 16,174
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Page 4