Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 13032294 Miss Susanna Garton Mr Anthony Shrubb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13032294 2023-11-30 13032294 2024-11-30 13032294 2023-12-01 2024-11-30 13032294 frs-core:FurnitureFittings 2023-12-01 2024-11-30 13032294 frs-core:PlantMachinery 2023-12-01 2024-11-30 13032294 frs-core:ShareCapital 2024-11-30 13032294 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 13032294 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13032294 frs-bus:AbridgedAccounts 2023-12-01 2024-11-30 13032294 frs-bus:SmallEntities 2023-12-01 2024-11-30 13032294 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13032294 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13032294 frs-bus:Director1 2023-12-01 2024-11-30 13032294 frs-bus:Director2 2023-12-01 2024-11-30 13032294 frs-countries:EnglandWales 2023-12-01 2024-11-30 13032294 2022-11-30 13032294 2023-11-30 13032294 2022-12-01 2023-11-30 13032294 frs-core:ShareCapital 2023-11-30 13032294 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 13032294
Pip Farm Limited
ABRIDGED Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2—3
Page 1
Abridged Balance Sheet
Registered number: 13032294
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,166 14,418
12,166 14,418
CURRENT ASSETS
Cash at bank and in hand 8,704 6,672
8,704 6,672
Creditors: Amounts Falling Due Within One Year (78,397 ) (67,191 )
NET CURRENT ASSETS (LIABILITIES) (69,693 ) (60,519 )
TOTAL ASSETS LESS CURRENT LIABILITIES (57,527 ) (46,101 )
NET LIABILITIES (57,527 ) (46,101 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (57,627 ) (46,201 )
SHAREHOLDERS' FUNDS (57,527) (46,101)
For the year ending 30 November 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 30 November 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss Susanna Garton
Director
30th April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Pip Farm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13032294 . The registered office is 156, Newton Road, Torquay, Devon, TQ2 7AQ.
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% reducing balance
Fixtures & Fittings 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 December 2023 27,050
Additions 789
As at 30 November 2024 27,839
Depreciation
As at 1 December 2023 12,632
Provided during the period 3,041
As at 30 November 2024 15,673
Net Book Value
As at 30 November 2024 12,166
As at 1 December 2023 14,418
Page 2
Page 3
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3