Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13307923 Mr Paul V Coakley Mr Paul A Coakley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13307923 2023-04-30 13307923 2024-04-30 13307923 2023-05-01 2024-04-30 13307923 frs-core:CurrentFinancialInstruments 2024-04-30 13307923 frs-core:Non-currentFinancialInstruments 2024-04-30 13307923 frs-core:ShareCapital 2024-04-30 13307923 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13307923 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13307923 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13307923 frs-bus:SmallEntities 2023-05-01 2024-04-30 13307923 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13307923 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13307923 frs-bus:Director1 2023-05-01 2024-04-30 13307923 frs-bus:Director2 2023-05-01 2024-04-30 13307923 frs-countries:EnglandWales 2023-05-01 2024-04-30 13307923 2022-04-30 13307923 2023-04-30 13307923 2022-05-01 2023-04-30 13307923 frs-core:CurrentFinancialInstruments 2023-04-30 13307923 frs-core:Non-currentFinancialInstruments 2023-04-30 13307923 frs-core:ShareCapital 2023-04-30 13307923 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13307923
Pauco Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Spicer & Co UK Limited
Chartered Accountants
Staple House
5 Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13307923
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 421,000 421,000
421,000 421,000
CURRENT ASSETS
Debtors 5 2,873 77
Cash at bank and in hand 6,099 100
8,972 177
Creditors: Amounts Falling Due Within One Year 6 (1,327 ) (4,376 )
NET CURRENT ASSETS (LIABILITIES) 7,645 (4,199 )
TOTAL ASSETS LESS CURRENT LIABILITIES 428,645 416,801
Creditors: Amounts Falling Due After More Than One Year 7 (405,730 ) (405,730 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (4,336 ) (4,336 )
NET ASSETS 18,579 6,735
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 18,479 6,635
SHAREHOLDERS' FUNDS 18,579 6,735
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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 Paul V Coakley
Director
10/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pauco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13307923 . The registered office is Staple House, 5 Eleanor's Cross, Dunstable, Bedfordshire, United Kingdom, LU6 1SU.
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. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 421,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 398,177 398,177
Investment property was valued on an open market basis on 30 April 2024 by the directors.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,873 77
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,363
Other creditors 1,301 3,013
Taxation and social security 26 -
1,327 4,376
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 288,730 288,730
Other creditors 117,000 117,000
405,730 405,730
The bank loans are secured by way of a fixed and floating charge over the properties of the company.
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,336 4,336
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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10. Reserves
Profit and Loss Account
The Profit and Loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholder. This is a distributable reserve.
11. Related Party Transactions
As at balance sheet date, included in debtors are amounts due from directors of £2,872 (2023: £572 included in creditors) and included in long term creditors are amounts due to directors of £117,000 (2023: £117,000).
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