Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 5421161 Mr Anor Almosoy Mr Sadiq Alrubaye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5421161 2023-08-31 5421161 2024-08-31 5421161 2023-09-01 2024-08-31 5421161 frs-core:CurrentFinancialInstruments 2024-08-31 5421161 frs-core:Non-currentFinancialInstruments 2024-08-31 5421161 frs-core:MotorVehicles 2024-08-31 5421161 frs-core:MotorVehicles 2023-09-01 2024-08-31 5421161 frs-core:MotorVehicles 2023-08-31 5421161 frs-core:PlantMachinery 2024-08-31 5421161 frs-core:PlantMachinery 2023-09-01 2024-08-31 5421161 frs-core:PlantMachinery 2023-08-31 5421161 frs-core:SharePremium 2024-08-31 5421161 frs-core:ShareCapital 2024-08-31 5421161 frs-core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 5421161 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 5421161 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 5421161 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 5421161 frs-bus:SmallEntities 2023-09-01 2024-08-31 5421161 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 5421161 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 5421161 frs-bus:Director1 2023-09-01 2024-08-31 5421161 frs-bus:Director2 2023-09-01 2024-08-31 5421161 frs-countries:EnglandWales 2023-09-01 2024-08-31 5421161 2022-08-31 5421161 2023-08-31 5421161 2022-09-01 2023-08-31 5421161 frs-core:CurrentFinancialInstruments 2023-08-31 5421161 frs-core:Non-currentFinancialInstruments 2023-08-31 5421161 frs-core:SharePremium 2022-08-31 5421161 frs-core:SharePremium 2023-08-31 5421161 frs-core:ShareCapital 2022-08-31 5421161 frs-core:ShareCapital 2023-08-31 5421161 frs-core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 5421161 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-08-31 5421161 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 5421161
Peace Valley Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—7
Page 1
Accountants' Report
Report of the Accountant to the directors of Peace Valley Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 August 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
ZA Ltd
09/05/2025
Page 1
Page 2
Balance Sheet
Registered number: 5421161
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,089 29,107
23,089 29,107
CURRENT ASSETS
Stocks 5 110,773 107,384
Debtors 6 50,917 51,957
Cash at bank and in hand 169,714 135,675
331,404 295,016
Creditors: Amounts Falling Due Within One Year 7 (226,996 ) (190,755 )
NET CURRENT ASSETS (LIABILITIES) 104,408 104,261
TOTAL ASSETS LESS CURRENT LIABILITIES 127,497 133,368
Creditors: Amounts Falling Due After More Than One Year 8 (18,242 ) (28,062 )
NET ASSETS 109,255 105,306
CAPITAL AND RESERVES
Called up share capital 9 4 4
Share premium account 92,660 92,660
Profit and Loss Account 16,591 12,642
SHAREHOLDERS' FUNDS 109,255 105,306
Page 2
Page 3
For the year ending 31 August 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 Anor Almosoy
Director
Mr Sadiq Alrubaye
Director
09/05/2025
The notes on pages 5 to 7 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Share Premium Profit and Loss Account Total
£ £ £ £
As at 1 September 2022 4 92,660 16,971 109,635
Profit for the year and total comprehensive income - - 15,671 15,671
Dividends paid - - (20,000) (20,000)
As at 31 August 2023 and 1 September 2023 4 92,660 12,642 105,306
Profit for the year and total comprehensive income - - 23,949 23,949
Dividends paid - - (20,000) (20,000)
As at 31 August 2024 4 92,660 16,591 109,255
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Peace Valley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5421161 . The registered office is Unit 7 Heston End, Mall Church Road, Hounslow, Middlesex, TW5 0LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
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:
2024 2023
Office and administration 3 3
Sales, marketing and distribution 7 6
10 9
Page 5
Page 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 78,269 99,740 178,009
As at 31 August 2024 78,269 99,740 178,009
Depreciation
As at 1 September 2023 65,675 83,227 148,902
Provided during the period 1,889 4,129 6,018
As at 31 August 2024 67,564 87,356 154,920
Net Book Value
As at 31 August 2024 10,705 12,384 23,089
As at 1 September 2023 12,594 16,513 29,107
5. Stocks
2024 2023
£ £
Materials 110,773 107,384
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,766 7,850
Prepayments and accrued income 38,151 44,107
50,917 51,957
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 192,780 157,109
Corporation tax 7,612 5,588
Other taxes and social security 3,753 3,070
Accruals and deferred income 2,851 4,988
Directors' loan accounts 20,000 20,000
226,996 190,755
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,242 28,062
Page 6
Page 7
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 20,000 20,000
Page 7