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PIANOPIG LIMITED

Registered Number
12690269
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

PIANOPIG LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

WARNER, Simon

Registered Address

61 Bridge Street 61 Bridge Street
Kington
HR5 3DJ

Registered Number

12690269 (England and Wales)
PIANOPIG LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets32,0004,000
Tangible assets46,6457,867
8,64511,867
Current assets
Debtors53431,234
Cash at bank and on hand56,87651,611
57,21952,845
Creditors amounts falling due within one year6(21,931)(15,903)
Net current assets (liabilities)35,28836,942
Total assets less current liabilities43,93348,809
Provisions for liabilities7(132)(132)
Net assets43,80148,677
Capital and reserves
Called up share capital11
Profit and loss account43,80048,676
Shareholders' funds43,80148,677
The financial statements were approved and authorised for issue by the Director on 18 April 2025, and are signed on its behalf by:
WARNER, Simon
Director
Registered Company No. 12690269
PIANOPIG LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Revenue from rendering of services
Revenue 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 July 2310,00010,000
At 30 June 2410,00010,000
Amortisation and impairment
At 01 July 236,0006,000
Charge for year2,0002,000
At 30 June 248,0008,000
Net book value
At 30 June 242,0002,000
At 30 June 234,0004,000
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 2324,65724,657
Additions5,7445,744
At 30 June 2430,40130,401
Depreciation and impairment
At 01 July 2316,79016,790
Charge for year6,9666,966
At 30 June 2423,75623,756
Net book value
At 30 June 246,6456,645
At 30 June 237,8677,867
5.Debtors: amounts due within one year

2024

2023

££
Other debtors54
Prepayments and accrued income3381,230
Total3431,234
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables59676
Taxation and social security20,83812,750
Other creditors4973,077
Total21,93115,903
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)132132
Total132132
8.Related party transactions
At the year end, £497 (2023:£3,077) was owed by the company to the director. This is undated, interest free and repayable on demand.