Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 15 February 2022 false 1 March 2023 29 February 2024 29 February 2024 13917695 Mr Christopher Bowles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13917695 2023-02-28 13917695 2024-02-29 13917695 2023-03-01 2024-02-29 13917695 frs-core:CurrentFinancialInstruments 2024-02-29 13917695 frs-core:ComputerEquipment 2024-02-29 13917695 frs-core:ComputerEquipment 2023-03-01 2024-02-29 13917695 frs-core:ComputerEquipment 2023-02-28 13917695 frs-core:FurnitureFittings 2024-02-29 13917695 frs-core:FurnitureFittings 2023-03-01 2024-02-29 13917695 frs-core:FurnitureFittings 2023-02-28 13917695 frs-core:ShareCapital 2024-02-29 13917695 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13917695 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13917695 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13917695 frs-bus:SmallEntities 2023-03-01 2024-02-29 13917695 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13917695 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13917695 frs-bus:Director1 2023-03-01 2024-02-29 13917695 frs-countries:EnglandWales 2023-03-01 2024-02-29 13917695 2022-02-14 13917695 2023-02-28 13917695 2022-02-15 2023-02-28 13917695 frs-core:CurrentFinancialInstruments 2023-02-28 13917695 frs-core:ShareCapital 2023-02-28 13917695 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13917695
Pilot House Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13917695
29 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 2,670 2,989
2,670 2,989
CURRENT ASSETS
Debtors 4 9,531 17,573
Cash at bank and in hand 60,421 72,008
69,952 89,581
Creditors: Amounts Falling Due Within One Year 5 (17,234 ) (35,738 )
NET CURRENT ASSETS (LIABILITIES) 52,718 53,843
TOTAL ASSETS LESS CURRENT LIABILITIES 55,388 56,832
PROVISIONS FOR LIABILITIES
Deferred Taxation (541 ) (568 )
NET ASSETS 54,847 56,264
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 54,846 56,263
SHAREHOLDERS' FUNDS 54,847 56,264
Page 1
Page 2
For the year ending 29 February 2024 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 Christopher Bowles
Director
29/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. 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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% and 50% straight line
1.4. 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 600 3,098 3,698
Additions - 1,316 1,316
As at 29 February 2024 600 4,414 5,014
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 75 634 709
Provided during the period 150 1,485 1,635
As at 29 February 2024 225 2,119 2,344
Net Book Value
As at 29 February 2024 375 2,295 2,670
As at 1 March 2023 525 2,464 2,989
4. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Trade debtors 447 17,573
Other debtors 9,084 -
9,531 17,573
5. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Other creditors 1,832 1,111
Taxation and social security 15,402 34,627
17,234 35,738
6. Share Capital
29 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4