Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2023 1 November 2022 false 1 November 2023 30 September 2024 30 September 2024 05952494 Mr Aaron Broughton-Janes Mrs Caroline Broughton-Janes Mrs Caroline Broughton-Janes true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05952494 2023-10-31 05952494 2024-09-30 05952494 2023-11-01 2024-09-30 05952494 frs-core:CurrentFinancialInstruments 2024-09-30 05952494 frs-core:ComputerEquipment 2024-09-30 05952494 frs-core:ComputerEquipment 2023-11-01 2024-09-30 05952494 frs-core:ComputerEquipment 2023-10-31 05952494 frs-core:ShareCapital 2024-09-30 05952494 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05952494 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-09-30 05952494 frs-bus:FilletedAccounts 2023-11-01 2024-09-30 05952494 frs-bus:SmallEntities 2023-11-01 2024-09-30 05952494 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-09-30 05952494 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-09-30 05952494 1 2023-11-01 2024-09-30 05952494 frs-bus:Director1 2023-11-01 2024-09-30 05952494 frs-bus:Director2 2023-11-01 2024-09-30 05952494 frs-bus:CompanySecretary1 2023-11-01 2024-09-30 05952494 frs-countries:EnglandWales 2023-11-01 2024-09-30 05952494 2022-10-31 05952494 2023-10-31 05952494 2022-11-01 2023-10-31 05952494 frs-core:CurrentFinancialInstruments 2023-10-31 05952494 frs-core:ShareCapital 2023-10-31 05952494 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05952494
Peppermint IT Limited
Financial Statements
For the Period 1 November 2023 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05952494
30 September 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 694 1,388
694 1,388
CURRENT ASSETS
Debtors 5 12,930 22,774
Cash at bank and in hand 2,164 4,399
15,094 27,173
Creditors: Amounts Falling Due Within One Year 6 (14,724 ) (28,405 )
NET CURRENT ASSETS (LIABILITIES) 370 (1,232 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,064 156
NET ASSETS 1,064 156
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 964 56
SHAREHOLDERS' FUNDS 1,064 156
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For the period ending 30 September 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 Aaron Broughton-Janes
Director
14 October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Peppermint IT Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05952494 . The registered office is Duckpuddle Bush Cottage, Therfield Road, Royston, Hertfordshire, SG8 9GD.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 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:
Computer Equipment 33% on cost
2.4. 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 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.
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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 2,082
As at 30 September 2024 2,082
Depreciation
As at 1 November 2023 694
Provided during the period 694
As at 30 September 2024 1,388
Net Book Value
As at 30 September 2024 694
As at 1 November 2023 1,388
5. Debtors
30 September 2024 31 October 2023
£ £
Due within one year
Trade debtors - 12,255
Other debtors 12,930 10,519
12,930 22,774
6. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 October 2023
£ £
Trade creditors 1,231 1,430
Taxation and social security 13,493 26,975
14,724 28,405
7. Share Capital
30 September 2024 31 October 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company is under the control of the directors by virtue of their ownership of 100% of the issued share capital in the company.
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