Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 10 February 2023 true No description of principal activity 1 January 2024 31 December 2024 31 December 2024 14653998 Mr Nicholas Marks Mrs Manju Marks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14653998 2023-12-31 14653998 2024-12-31 14653998 2024-01-01 2024-12-31 14653998 frs-core:CurrentFinancialInstruments 2024-12-31 14653998 frs-core:MotorVehicles 2024-12-31 14653998 frs-core:MotorVehicles 2024-01-01 2024-12-31 14653998 frs-core:MotorVehicles 2023-12-31 14653998 frs-core:PlantMachinery 2024-12-31 14653998 frs-core:PlantMachinery 2024-01-01 2024-12-31 14653998 frs-core:PlantMachinery 2023-12-31 14653998 frs-core:ShareCapital 2024-12-31 14653998 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14653998 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14653998 frs-bus:FullAccounts 2024-01-01 2024-12-31 14653998 frs-bus:SmallEntities 2024-01-01 2024-12-31 14653998 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14653998 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14653998 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 14653998 frs-bus:Director1 2024-01-01 2024-12-31 14653998 frs-bus:Director1 2023-12-31 14653998 frs-bus:Director1 2024-12-31 14653998 frs-bus:Director2 2024-01-01 2024-12-31 14653998 frs-bus:Director2 2023-12-31 14653998 frs-bus:Director2 2024-12-31 14653998 frs-countries:EnglandWales 2024-01-01 2024-12-31 14653998 2023-02-09 14653998 2023-12-31 14653998 2023-02-10 2023-12-31 14653998 frs-core:CurrentFinancialInstruments 2023-12-31 14653998 frs-core:ShareCapital 2023-12-31 14653998 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14653998
Pie Factory London Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Approved Accounting Limited
Contents
Page
Company Information 1
Directors' Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr Nicholas Marks
Mrs Manju Marks
Company Number 14653998
Registered Office 36 Fifth Avenue
Havant
Hampshire
PO9 2PL
Accountants Approved Accounting Limited
36 Fifth Avenue
Havant
Hampshire
PO9 2PL
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:
Mr Nicholas Marks
Mrs Manju Marks
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has 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.
On behalf of the board
Mr Nicholas Marks
Director
14/03/2025
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Page 3
Profit and Loss Account
31 December 2024 31 December 2023
Notes £ £
TURNOVER 2,937,717 196,663
Cost of sales (1,662,467 ) (8,816 )
GROSS PROFIT 1,275,250 187,847
Administrative expenses (340,338 ) (4,964 )
OPERATING PROFIT 934,912 182,883
Interest payable and similar charges (22,938 ) -
PROFIT BEFORE TAXATION 911,974 182,883
Tax on Profit (201,603 ) (43,536 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 710,371 139,347
The notes on pages 5 to 7 form part of these financial statements.
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Page 4
Balance Sheet
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 119,923 -
119,923 -
CURRENT ASSETS
Debtors 5 223,327 187,448
Cash at bank and in hand 1,484,173 59,338
1,707,500 246,786
Creditors: Amounts Falling Due Within One Year 6 (1,301,401 ) (107,339 )
NET CURRENT ASSETS (LIABILITIES) 406,099 139,447
TOTAL ASSETS LESS CURRENT LIABILITIES 526,022 139,447
NET ASSETS 526,022 139,447
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 525,922 139,347
SHAREHOLDERS' FUNDS 526,022 139,447
For the year ending 31 December 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Nicholas Marks
Director
14/03/2025
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Pie Factory London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14653998 . The registered office is 36 Fifth Avenue, Havant, Hampshire, PO9 2PL.
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 20% Straight line
Motor Vehicles 25% Reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 - - -
Additions 1,500 118,648 120,148
As at 31 December 2024 1,500 118,648 120,148
Depreciation
As at 1 January 2024 - - -
Provided during the period 225 - 225
As at 31 December 2024 225 - 225
Net Book Value
As at 31 December 2024 1,275 118,648 119,923
As at 1 January 2024 - - -
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 98,273 187,348
Amounts owed by participating interests 115,915 -
Other debtors 9,139 100
223,327 187,448
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 14,016 15,453
Other loans - 11,202
Other creditors 1,003,443 -
Taxation and social security 283,942 80,684
1,301,401 107,339
7. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Nicholas Marks 50 - - - -
Mrs Manju Marks 50 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 7