Piranha Audio Visual Limited 08116126 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is audio visual installation. Digita Accounts Production Advanced 6.30.9574.0 true 08116126 2023-07-01 2024-06-30 08116126 2024-06-30 08116126 core:RetainedEarningsAccumulatedLosses 2024-06-30 08116126 core:ShareCapital 2024-06-30 08116126 core:CurrentFinancialInstruments 2024-06-30 08116126 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 08116126 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 08116126 core:FurnitureFittingsToolsEquipment 2024-06-30 08116126 core:MotorVehicles 2024-06-30 08116126 core:OtherPropertyPlantEquipment 2024-06-30 08116126 bus:SmallEntities 2023-07-01 2024-06-30 08116126 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08116126 bus:FullAccounts 2023-07-01 2024-06-30 08116126 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08116126 bus:RegisteredOffice 2023-07-01 2024-06-30 08116126 bus:Director1 2023-07-01 2024-06-30 08116126 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08116126 core:FurnitureFittings 2023-07-01 2024-06-30 08116126 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 08116126 core:MotorVehicles 2023-07-01 2024-06-30 08116126 core:OfficeEquipment 2023-07-01 2024-06-30 08116126 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 08116126 core:PlantMachinery 2023-07-01 2024-06-30 08116126 countries:EnglandWales 2023-07-01 2024-06-30 08116126 2023-06-30 08116126 core:FurnitureFittingsToolsEquipment 2023-06-30 08116126 core:MotorVehicles 2023-06-30 08116126 core:OtherPropertyPlantEquipment 2023-06-30 08116126 2022-07-01 2023-06-30 08116126 2023-06-30 08116126 core:RetainedEarningsAccumulatedLosses 2023-06-30 08116126 core:ShareCapital 2023-06-30 08116126 core:CurrentFinancialInstruments 2023-06-30 08116126 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08116126 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 08116126 core:FurnitureFittingsToolsEquipment 2023-06-30 08116126 core:MotorVehicles 2023-06-30 08116126 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 08116126

Piranha Audio Visual Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Piranha Audio Visual Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Piranha Audio Visual Limited

(Registration number: 08116126)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

58,910

63,915

Current assets

 

Stocks

5

9,327

7,200

Debtors

6

66,449

131,745

Cash at bank and in hand

 

72,637

52,361

 

148,413

191,306

Creditors: Amounts falling due within one year

7

(55,209)

(84,302)

Net current assets

 

93,204

107,004

Total assets less current liabilities

 

152,114

170,919

Creditors: Amounts falling due after more than one year

7

(11,667)

(21,672)

Provisions for liabilities

(9,421)

(10,372)

Net assets

 

131,026

138,875

Capital and reserves

 

Called up share capital

1

1

Retained earnings

131,025

138,874

Shareholders' funds

 

131,026

138,875

 

Piranha Audio Visual Limited

(Registration number: 08116126)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 February 2025 and signed on its behalf by:
 

.........................................
Mr AD Noble
Director

 

Piranha Audio Visual Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 12
Quakers Coppice
Crewe Gates Industrial Estate
Crewe
Cheshire
CW1 6FA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured and the work has been undertaken:
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Piranha Audio Visual Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Fixtures and fittings (furniture, fittings and equipment)

15% on reducing balance

Motor vehicles

20% on reducing balance

Office equipment (furniture, fittings and equipment)

33% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Piranha Audio Visual Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

21,656

53,565

37,899

113,120

Additions

4,266

-

5,210

9,476

Disposals

-

-

(1,264)

(1,264)

At 30 June 2024

25,922

53,565

41,845

121,332

Depreciation

At 1 July 2023

14,391

24,124

10,690

49,205

Charge for the year

3,550

5,888

4,831

14,269

Eliminated on disposal

-

-

(1,052)

(1,052)

At 30 June 2024

17,941

30,012

14,469

62,422

Carrying amount

At 30 June 2024

7,981

23,553

27,376

58,910

At 30 June 2023

7,265

29,441

27,209

63,915

5

Stocks

2024
£

2023
£

Stock

9,327

7,200

6

Debtors

Current

2024
£

2023
£

Trade debtors

55,022

109,550

Other debtors

11,427

22,195

 

66,449

131,745

 

Piranha Audio Visual Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Other borrowings

10,024

11,185

Trade creditors

 

4,887

27,152

Taxation and social security

 

19,235

25,147

Other creditors

 

21,063

20,818

 

55,209

84,302

Due after one year

 

Other borrowings

11,667

21,672