Acorah Software Products - Accounts Production 16.2.800 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC353272 Alan Pagan Laura Pagan Rebecca Pagan Alan Pagan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC353272 2023-03-31 SC353272 2024-03-31 SC353272 2023-04-01 2024-03-31 SC353272 frs-core:CurrentFinancialInstruments 2024-03-31 SC353272 frs-core:Non-currentFinancialInstruments 2024-03-31 SC353272 frs-core:FurnitureFittings 2024-03-31 SC353272 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC353272 frs-core:FurnitureFittings 2023-03-31 SC353272 frs-core:ShareCapital 2024-03-31 SC353272 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 SC353272 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC353272 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC353272 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC353272 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC353272 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC353272 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC353272 frs-bus:Director1 2023-04-01 2024-03-31 SC353272 frs-bus:Director2 2023-04-01 2024-03-31 SC353272 frs-bus:Director3 2023-04-01 2024-03-31 SC353272 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC353272 frs-countries:Scotland 2023-04-01 2024-03-31 SC353272 2022-03-31 SC353272 2023-03-31 SC353272 2022-04-01 2023-03-31 SC353272 frs-core:CurrentFinancialInstruments 2023-03-31 SC353272 frs-core:Non-currentFinancialInstruments 2023-03-31 SC353272 frs-core:ShareCapital 2022-03-31 SC353272 frs-core:ShareCapital 2023-03-31 SC353272 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 SC353272 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 SC353272 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC353272
Pagazzi Lighting (Concessions) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Statement of Financial Position
Registered number: SC353272
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,904 4,564
4,904 4,564
CURRENT ASSETS
Debtors 5 18,292 43,497
Cash at bank and in hand 216,935 268,944
235,227 312,441
Creditors: Amounts Falling Due Within One Year 6 (621,162 ) (503,330 )
NET CURRENT ASSETS (LIABILITIES) (385,935 ) (190,889 )
TOTAL ASSETS LESS CURRENT LIABILITIES (381,031 ) (186,325 )
Creditors: Amounts Falling Due After More Than One Year 7 (12,530 ) (22,500 )
NET LIABILITIES (393,561 ) (208,825 )
CAPITAL AND RESERVES
Called up share capital 8 7,500 7,500
Income Statement (401,061 ) (216,325 )
SHAREHOLDERS' FUNDS (393,561) (208,825)
Page 1
Page 2
For the year ending 31 March 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 Income Statement.
On behalf of the board
Alan Pagan
Director
25/03/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 1 April 2022 7,500 (39,651 ) (32,151)
Loss for the year and total comprehensive income - (176,674 ) (176,674)
As at 31 March 2023 and 1 April 2023 7,500 (216,325 ) (208,825)
Loss for the year and total comprehensive income - (184,736 ) (184,736)
As at 31 March 2024 7,500 (401,061 ) (393,561)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Pagazzi Lighting (Concessions) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC353272 . The registered office is Unit 10, Block 8 Spiersbridge Terrace, Thornliebank, Glasgow, G46 8JH.
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
Taking into consideration results following the year end, funding from a director and a shareholder indicating support available to the company, the directors believe the company remains a going concern.
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.
2.4. 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:
Fixtures & Fittings 25% on Cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 23)
25 23
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 5,036
Additions 1,500
As at 31 March 2024 6,536
Depreciation
As at 1 April 2023 472
Provided during the period 1,160
As at 31 March 2024 1,632
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2024 4,904
As at 1 April 2023 4,564
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 10,200
Prepayments and accrued income 16,914 31,919
Corporation tax recoverable assets 1,378 1,378
18,292 43,497
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 121,186 66,804
Bank loans and overdrafts 46,938 10,000
Other taxes and social security 32,854 176,429
VAT 72,595 -
Other creditors 1,608 -
Accruals and deferred income 61,850 55,117
Amounts owed to other participating interests 284,131 194,980
621,162 503,330
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,530 22,500
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 7,500 7,500
Page 5