Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03192805 Mr Joseph Harley Mr Mark Harley Mr Mark Harley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03192805 2023-04-30 03192805 2024-04-30 03192805 2023-05-01 2024-04-30 03192805 frs-core:CurrentFinancialInstruments 2024-04-30 03192805 frs-core:Non-currentFinancialInstruments 2024-04-30 03192805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 03192805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03192805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 03192805 frs-core:PlantMachinery 2024-04-30 03192805 frs-core:PlantMachinery 2023-05-01 2024-04-30 03192805 frs-core:PlantMachinery 2023-04-30 03192805 frs-core:ShareCapital 2024-04-30 03192805 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03192805 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03192805 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03192805 frs-bus:SmallEntities 2023-05-01 2024-04-30 03192805 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03192805 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03192805 frs-bus:Director1 2023-05-01 2024-04-30 03192805 frs-bus:Director2 2023-05-01 2024-04-30 03192805 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03192805 frs-countries:EnglandWales 2023-05-01 2024-04-30 03192805 2022-04-30 03192805 2023-04-30 03192805 2022-05-01 2023-04-30 03192805 frs-core:CurrentFinancialInstruments 2023-04-30 03192805 frs-core:Non-currentFinancialInstruments 2023-04-30 03192805 frs-core:ShareCapital 2023-04-30 03192805 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03192805
Pinecoast Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03192805
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 132,448 151,852
132,448 151,852
CURRENT ASSETS
Debtors 5 1,227,523 1,055,502
Investments 6 78,940 290,400
Cash at bank and in hand 9,275 26,115
1,315,738 1,372,017
Creditors: Amounts Falling Due Within One Year 7 (179,678 ) (167,880 )
NET CURRENT ASSETS (LIABILITIES) 1,136,060 1,204,137
TOTAL ASSETS LESS CURRENT LIABILITIES 1,268,508 1,355,989
NET ASSETS 1,268,508 1,355,989
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,268,408 1,355,889
SHAREHOLDERS' FUNDS 1,268,508 1,355,989
Page 1
Page 2
For the year ending 30 April 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 Mark Harley
Director
6th December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pinecoast Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03192805 . The registered office is Lime House, 75 Church Road, Tiptree, Essex, CO5 0HB.
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 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. 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:
Freehold 2% Straight Line
Plant & Machinery 20% Reducing Balance
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.
...CONTINUED
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2.4. Taxation - continued
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 year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 299,294 12,015 311,309
Disposals (25,735 ) - (25,735 )
As at 30 April 2024 273,559 12,015 285,574
Depreciation
As at 1 May 2023 147,616 11,841 159,457
Provided during the period 5,472 35 5,507
Disposals (11,838 ) - (11,838 )
As at 30 April 2024 141,250 11,876 153,126
Net Book Value
As at 30 April 2024 132,309 139 132,448
As at 1 May 2023 151,678 174 151,852
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,749 100
Prepayments and accrued income 786 402
2,535 502
...CONTINUED
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Due after more than one year
Other debtors 1,224,988 1,055,000
1,227,523 1,055,502
6. Current Asset Investments
2024 2023
£ £
Listed investments 78,940 290,400
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 11,462 8,001
Other taxes and social security 238 209
Net wages 1,957 1,986
Other creditors 30,765 18,410
Accruals and deferred income 3,620 4,897
Directors' loan accounts 131,636 134,377
179,678 167,880
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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