Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10494249 Mr A Menon Mr G Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10494249 2023-12-31 10494249 2024-12-31 10494249 2024-01-01 2024-12-31 10494249 frs-core:CurrentFinancialInstruments 2024-12-31 10494249 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10494249 frs-core:ShareCapital 2024-12-31 10494249 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10494249 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10494249 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10494249 frs-bus:SmallEntities 2024-01-01 2024-12-31 10494249 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10494249 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10494249 frs-bus:Director1 2024-01-01 2024-12-31 10494249 frs-bus:Director2 2024-01-01 2024-12-31 10494249 frs-countries:EnglandWales 2024-01-01 2024-12-31 10494249 2022-12-31 10494249 2023-12-31 10494249 2023-01-01 2023-12-31 10494249 frs-core:CurrentFinancialInstruments 2023-12-31 10494249 frs-core:ShareCapital 2023-12-31 10494249 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10494249
Paloform Distribution (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10494249
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 15,129 10,490
Cash at bank and in hand 15,292 11,849
30,421 22,339
Creditors: Amounts Falling Due Within One Year 5 (56,885 ) (51,102 )
NET CURRENT ASSETS (LIABILITIES) (26,464 ) (28,763 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,464 ) (28,763 )
NET LIABILITIES (26,464 ) (28,763 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (26,465 ) (28,764 )
SHAREHOLDERS' FUNDS (26,464) (28,763)
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 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
Mr A Menon
Director
10/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Paloform Distribution (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10494249 . The registered office is Suite 8, Third Floor , 207 Regent Street, London, W1B 3HH.
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:
Computer Equipment Over three years
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,129 10,490
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 48,377 43,593
Bank loans and overdrafts 16 -
VAT 689 1,044
Accruals and deferred income 1,000 1,000
Amounts owed to group undertakings 4,465 5,465
Payments on account 2,338 -
56,885 51,102
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3