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 08718492 Mr James Symington Mr Louis Rintoul iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08718492 2023-12-31 08718492 2024-12-31 08718492 2024-01-01 2024-12-31 08718492 frs-core:Non-currentFinancialInstruments 2024-12-31 08718492 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08718492 frs-core:ShareCapital 2024-12-31 08718492 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08718492 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08718492 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 08718492 frs-bus:SmallEntities 2024-01-01 2024-12-31 08718492 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08718492 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08718492 frs-core:CostValuation 2023-12-31 08718492 frs-core:CostValuation 2024-12-31 08718492 frs-bus:Director1 2024-01-01 2024-12-31 08718492 frs-bus:Director2 2024-01-01 2024-12-31 08718492 frs-countries:EnglandWales 2024-01-01 2024-12-31 08718492 2022-12-31 08718492 2023-12-31 08718492 2023-01-01 2023-12-31 08718492 frs-core:Non-currentFinancialInstruments 2023-12-31 08718492 frs-core:ShareCapital 2023-12-31 08718492 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08718492
Puro Gusto Ltd
ABRIDGED Financial Statements
For The Year Ended 31 December 2024
APS
11 Springburn Park
Lisburn
Co. Antrim
BT27 5QZ
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08718492
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,167 122,544
Investments 5 85,000 85,000
152,167 207,544
CURRENT ASSETS
Stocks 907,617 827,693
Debtors 6 166,782 212,201
Investments 2,538 2,538
Cash at bank and in hand 815,071 770,380
1,892,008 1,812,812
Creditors: Amounts Falling Due Within One Year (709,931 ) (642,376 )
NET CURRENT ASSETS (LIABILITIES) 1,182,077 1,170,436
TOTAL ASSETS LESS CURRENT LIABILITIES 1,334,244 1,377,980
Creditors: Amounts Falling Due After More Than One Year (16,667 ) (66,667 )
NET ASSETS 1,317,577 1,311,313
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 1,317,575 1,311,311
SHAREHOLDERS' FUNDS 1,317,577 1,311,313
Page 1
Page 2
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.
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 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Louis Rintoul
Director
14/02/2025
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
Puro Gusto Ltd Registered number 08718492 is a limited by shares company incorporated in England & Wales. The Registered Office is Units 40 - 42, Waters Meeting, Britannia Way, Bolton, Lancs, BL2 2HH.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% S/L
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.
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 year 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 asset reflects 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: 14 (2023: 14)
14 14
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Page 4
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 267,079
Additions 6,885
As at 31 December 2024 273,964
Depreciation
As at 1 January 2024 144,535
Provided during the period 62,262
As at 31 December 2024 206,797
Net Book Value
As at 31 December 2024 67,167
As at 1 January 2024 122,544
5. Investments
Total
£
Cost
As at 1 January 2024 85,000
As at 31 December 2024 85,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 85,000
As at 1 January 2024 85,000
6. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 2 2
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 300,000 120,000
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