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 10774924 Mr Paul Deats Mrs Rachel Foster Mr Paul Deats iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10774924 2023-05-31 10774924 2024-05-31 10774924 2023-06-01 2024-05-31 10774924 frs-core:Non-currentFinancialInstruments 2024-05-31 10774924 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10774924 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10774924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 10774924 frs-core:PlantMachinery 2023-06-01 2024-05-31 10774924 frs-core:ShareCapital 2024-05-31 10774924 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10774924 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10774924 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 10774924 frs-bus:SmallEntities 2023-06-01 2024-05-31 10774924 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10774924 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10774924 frs-bus:Director1 2023-06-01 2024-05-31 10774924 frs-bus:Director2 2023-06-01 2024-05-31 10774924 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10774924 frs-countries:EnglandWales 2023-06-01 2024-05-31 10774924 2022-05-31 10774924 2023-05-31 10774924 2022-06-01 2023-05-31 10774924 frs-core:Non-currentFinancialInstruments 2023-05-31 10774924 frs-core:ShareCapital 2023-05-31 10774924 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10774924
Peggy's Skylight Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Computerised Accounting Solutions
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10774924
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 77,313 95,611
77,313 95,611
CURRENT ASSETS
Debtors 42,097 39,874
Cash at bank and in hand 138,804 152,305
180,901 192,179
Creditors: Amounts Falling Due Within One Year (49,632 ) (46,797 )
NET CURRENT ASSETS (LIABILITIES) 131,269 145,382
TOTAL ASSETS LESS CURRENT LIABILITIES 208,582 240,993
Creditors: Amounts Falling Due After More Than One Year (271,462 ) (278,778 )
NET LIABILITIES (62,880 ) (37,785 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (62,980 ) (37,885 )
SHAREHOLDERS' FUNDS (62,880) (37,785)
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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Paul Deats
Director
24/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Peggy's Skylight Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10774924 . The registered office is 3 George Street, Hockley, Nottingham, NG1 3BH.
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:
Leasehold 10% pa on a straight line basis over the lease period.
Plant & Machinery 20% pa on a reducing balance basis.
Fixtures & Fittings 15% pa on a reducing balance basis.
Computer Equipment 33% pa on a reducing balance basis.
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 28)
29 28
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4. Tangible Assets
Total
£
Cost
As at 1 June 2023 161,020
Additions 1,562
Disposals (3,600 )
As at 31 May 2024 158,982
Depreciation
As at 1 June 2023 65,409
Provided during the period 16,260
As at 31 May 2024 81,669
Net Book Value
As at 31 May 2024 77,313
As at 1 June 2023 95,611
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4