Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09037729 Mr Kevin Brown Kevin Brown true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09037729 2023-05-31 09037729 2024-05-31 09037729 2023-06-01 2024-05-31 09037729 frs-core:CurrentFinancialInstruments 2024-05-31 09037729 frs-core:ComputerEquipment 2024-05-31 09037729 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09037729 frs-core:ComputerEquipment 2023-05-31 09037729 frs-core:ShareCapital 2024-05-31 09037729 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09037729 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09037729 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09037729 frs-bus:SmallEntities 2023-06-01 2024-05-31 09037729 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09037729 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09037729 1 2023-06-01 2024-05-31 09037729 frs-bus:Director1 2023-06-01 2024-05-31 09037729 1 2023-06-01 2024-05-31 09037729 frs-countries:EnglandWales 2023-06-01 2024-05-31 09037729 2022-05-31 09037729 2023-05-31 09037729 2022-06-01 2023-05-31 09037729 frs-core:CurrentFinancialInstruments 2023-05-31 09037729 frs-core:ShareCapital 2023-05-31 09037729 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 09037729 1 2022-06-01 2023-05-31
Registered number: 09037729
Payment Industry Insights Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Paul Monaghan Chartered Accountant
ICAEW
18 Hartshill Close
Uxbridge
Middlesex
UB10 9LH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09037729
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 443 357
Cash at bank and in hand 112,426 141,413
112,869 141,770
Creditors: Amounts Falling Due Within One Year 6 759 596
NET CURRENT ASSETS (LIABILITIES) 113,628 142,366
TOTAL ASSETS LESS CURRENT LIABILITIES 113,628 142,366
NET ASSETS 113,628 142,366
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 113,528 142,266
SHAREHOLDERS' FUNDS 113,628 142,366
Page 1
Page 2
For the year ending 31 May 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 Kevin Brown
Director
30 October 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
Payment Industry Insights Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09037729 . The registered office is 32a Lynstone Road, Bude, Cornwall, EX23 8LR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The directors have considered the future forecasts and on-going strategy when assessing the needs of the business and consider the Company has adequate resources at its disposal to continue its operations for the foreseeable future.
2.2. 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:
Computer Equipment 2 years
2.3. 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Director 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 508
As at 31 May 2024 508
Depreciation
As at 1 June 2023 508
As at 31 May 2024 508
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Deferred tax current asset 321 321
VAT 122 36
443 357
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax (1,152 ) (968 )
Accruals and deferred income 60 60
Director's loan account 333 312
(759 ) (596 )
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Kevin Brown - 10,200
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 22,500 20,000
10. Ultimate Controlling Party
The company's ultimate controlling party is Kevin Brown by virtue of his ownership of 51% of the issued share capital in the company.
Page 4