Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09157625 Mr Robert Prenczek Mrs Vanessa Prenczek iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09157625 2023-09-30 09157625 2024-09-30 09157625 2023-10-01 2024-09-30 09157625 frs-core:CurrentFinancialInstruments 2024-09-30 09157625 frs-core:Non-currentFinancialInstruments 2024-09-30 09157625 frs-core:ComputerEquipment 2024-09-30 09157625 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09157625 frs-core:ComputerEquipment 2023-09-30 09157625 frs-core:FurnitureFittings 2024-09-30 09157625 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09157625 frs-core:FurnitureFittings 2023-09-30 09157625 frs-core:MotorVehicles 2024-09-30 09157625 frs-core:MotorVehicles 2023-10-01 2024-09-30 09157625 frs-core:MotorVehicles 2023-09-30 09157625 frs-core:PlantMachinery 2024-09-30 09157625 frs-core:PlantMachinery 2023-10-01 2024-09-30 09157625 frs-core:PlantMachinery 2023-09-30 09157625 frs-core:ShareCapital 2024-09-30 09157625 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09157625 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09157625 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09157625 frs-bus:SmallEntities 2023-10-01 2024-09-30 09157625 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09157625 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09157625 frs-bus:Director1 2023-10-01 2024-09-30 09157625 frs-bus:Director2 2023-10-01 2024-09-30 09157625 frs-countries:EnglandWales 2023-10-01 2024-09-30 09157625 2022-09-30 09157625 2023-09-30 09157625 2022-10-01 2023-09-30 09157625 frs-core:CurrentFinancialInstruments 2023-09-30 09157625 frs-core:Non-currentFinancialInstruments 2023-09-30 09157625 frs-core:ShareCapital 2023-09-30 09157625 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09157625
Prendon Panels Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09157625
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,366 40,364
97,366 40,364
CURRENT ASSETS
Stocks 5 83,253 105,351
Debtors 6 68,086 67,263
Cash at bank and in hand 159,508 216,991
310,847 389,605
Creditors: Amounts Falling Due Within One Year 7 (159,198 ) (163,748 )
NET CURRENT ASSETS (LIABILITIES) 151,649 225,857
TOTAL ASSETS LESS CURRENT LIABILITIES 249,015 266,221
Creditors: Amounts Falling Due After More Than One Year 8 (7,180 ) (17,983 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,939 ) (8,476 )
NET ASSETS 235,896 239,762
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 235,796 239,662
SHAREHOLDERS' FUNDS 235,896 239,762
Page 1
Page 2
For the year ending 30 September 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
Mrs Vanessa Prenczek
Director
20th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Prendon Panels Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09157625 . The registered office is Rival House, Staplehurst Road, Sittingbourne, ME10 2NH.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 25% reducing balance
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.
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2.5. 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 12,473 48,390 7,578 2,714 71,155
Additions - 84,000 - - 84,000
As at 30 September 2024 12,473 132,390 7,578 2,714 155,155
Depreciation
As at 1 October 2023 9,395 16,667 3,620 1,109 30,791
Provided during the period 770 25,431 396 401 26,998
As at 30 September 2024 10,165 42,098 4,016 1,510 57,789
Net Book Value
As at 30 September 2024 2,308 90,292 3,562 1,204 97,366
As at 1 October 2023 3,078 31,723 3,958 1,605 40,364
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5. Stocks
2024 2023
£ £
Stock 83,253 105,351
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 64,931 65,204
Other debtors 3,155 2,059
68,086 67,263
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 74,893 118,257
Bank loans and overdrafts 10,168 9,440
Other creditors 41,211 3,727
Taxation and social security 32,926 32,324
159,198 163,748
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,180 17,983
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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