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 07196012 Mr Thomas Tucker Mr David Trotter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07196012 2023-04-30 07196012 2024-04-30 07196012 2023-05-01 2024-04-30 07196012 frs-core:CurrentFinancialInstruments 2024-04-30 07196012 frs-core:ComputerEquipment 2023-05-01 2024-04-30 07196012 frs-core:FurnitureFittings 2023-05-01 2024-04-30 07196012 frs-core:MotorVehicles 2024-04-30 07196012 frs-core:MotorVehicles 2023-05-01 2024-04-30 07196012 frs-core:MotorVehicles 2023-04-30 07196012 frs-core:PlantMachinery 2024-04-30 07196012 frs-core:PlantMachinery 2023-05-01 2024-04-30 07196012 frs-core:PlantMachinery 2023-04-30 07196012 frs-core:ShareCapital 2024-04-30 07196012 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07196012 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07196012 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07196012 frs-bus:SmallEntities 2023-05-01 2024-04-30 07196012 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07196012 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07196012 frs-bus:Director1 2023-05-01 2024-04-30 07196012 frs-bus:Director2 2023-05-01 2024-04-30 07196012 frs-countries:EnglandWales 2023-05-01 2024-04-30 07196012 2022-04-30 07196012 2023-04-30 07196012 2022-05-01 2023-04-30 07196012 frs-core:CurrentFinancialInstruments 2023-04-30 07196012 frs-core:ShareCapital 2023-04-30 07196012 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07196012
Pasce Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Focus Accountancy Ltd
Chartered Certified Accountants
1 Lindsay Road
Horfield
Bristol
BS7 9NP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07196012
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,414 59,669
44,414 59,669
CURRENT ASSETS
Stocks 5 649,684 644,936
Debtors 6 11,105 17,256
Cash at bank and in hand 312,960 521,818
973,749 1,184,010
Creditors: Amounts Falling Due Within One Year 7 (247,087 ) (377,765 )
NET CURRENT ASSETS (LIABILITIES) 726,662 806,245
TOTAL ASSETS LESS CURRENT LIABILITIES 771,076 865,914
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,737 ) -
NET ASSETS 760,339 865,914
CAPITAL AND RESERVES
Called up share capital 8 201 201
Profit and Loss Account 760,138 865,713
SHAREHOLDERS' FUNDS 760,339 865,914
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 David Trotter
Director
03/09/2024
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
Pasce Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07196012 . The registered office is Unit 4,City Business park, Easton way, Bristol, BS5 0SP.
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.
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:
Plant & Machinery 4 years Straight line
Motor Vehicles 7 Years straight line
Fixtures & Fittings 4 Years Straight line
Computer Equipment 4 years Straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 13)
14 13
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 181,457 9,094 190,551
Additions 4,741 - 4,741
As at 30 April 2024 186,198 9,094 195,292
Depreciation
As at 1 May 2023 126,790 4,092 130,882
Provided during the period 19,996 - 19,996
As at 30 April 2024 146,786 4,092 150,878
Net Book Value
As at 30 April 2024 39,412 5,002 44,414
As at 1 May 2023 54,667 5,002 59,669
5. Stocks
2024 2023
£ £
Materials 613,165 538,530
Finished goods 36,519 106,406
649,684 644,936
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,810 9,428
Prepayments and accrued income 7,295 6,932
Other debtors - 227
VAT - 669
11,105 17,256
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 85,683 215,646
Corporation tax 15,895 27,205
Other taxes and social security 1,825 12,263
VAT 5,030 -
Net wages 317 -
Other creditors 2,400 2,186
Accruals and deferred income 2,112 1,920
Directors' loan accounts 133,825 118,545
247,087 377,765
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 201 201
Page 5