Acorah Software Products - Accounts Production 16.0.110 false true false 16 February 2023 28 February 2024 28 February 2024 14668166 Mrs Hannah Phillips Mr Jake Lynn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14668166 2023-02-15 14668166 2024-02-28 14668166 2023-02-16 2024-02-28 14668166 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-16 2024-02-28 14668166 frs-core:FurnitureFittings 2024-02-28 14668166 frs-core:FurnitureFittings 2023-02-16 2024-02-28 14668166 frs-core:FurnitureFittings 2023-02-15 14668166 frs-core:OtherResidualIntangibleAssets 2024-02-28 14668166 frs-core:OtherResidualIntangibleAssets 2023-02-16 2024-02-28 14668166 frs-core:OtherResidualIntangibleAssets 2023-02-15 14668166 frs-core:ShareCapital 2024-02-28 14668166 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 14668166 frs-bus:PrivateLimitedCompanyLtd 2023-02-16 2024-02-28 14668166 frs-bus:FilletedAccounts 2023-02-16 2024-02-28 14668166 frs-bus:SmallEntities 2023-02-16 2024-02-28 14668166 frs-bus:AuditExempt-NoAccountantsReport 2023-02-16 2024-02-28 14668166 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-16 2024-02-28 14668166 frs-bus:Director1 2023-02-16 2024-02-28 14668166 frs-bus:Director2 2023-02-16 2024-02-28 14668166 frs-countries:EnglandWales 2023-02-16 2024-02-28
Registered number: 14668166
Paper Cat Publishing Ltd
Unaudited Financial Statements
For the Period 16 February 2023 to 28 February 2024
KFH Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14668166
28 February 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 27,000
Tangible Assets 5 8,472
35,472
CURRENT ASSETS
Stocks 6 2,546
Cash at bank and in hand 9,393
11,939
Creditors: Amounts Falling Due Within One Year (47,401 )
NET CURRENT ASSETS (LIABILITIES) (35,462 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10
NET ASSETS 10
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account 8
SHAREHOLDERS' FUNDS 10
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For the period ending 28 February 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 Jake Lynn
Director
16/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Paper Cat Publishing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14668166 . The registered office is 7 Bell Yard, London, WC2A 2JR.
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 including 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 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are rights to books written by Hannah Phillips prior to incorporation. This asset is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 10 years
2.5. 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.
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.
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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
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Page 4
4. Intangible Assets
Other
£
Cost
As at 16 February 2023 30,000
As at 28 February 2024 30,000
Amortisation
As at 16 February 2023 -
Provided during the period 3,000
As at 28 February 2024 3,000
Net Book Value
As at 28 February 2024 27,000
As at 16 February 2023 30,000
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 16 February 2023 8,472
As at 28 February 2024 8,472
Net Book Value
As at 28 February 2024 8,472
As at 16 February 2023 8,472
6. Stocks
28 February 2024
£
Stock 2,546
7. Share Capital
28 February 2024
£
Allotted, Called up and fully paid 2
8. Additional Note to the Accounts
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction costs
and subsequently measured at amortised cost determined using the effective interest method.
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