Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08963593 Mr Richard Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08963593 2024-03-31 08963593 2025-03-31 08963593 2024-04-01 2025-03-31 08963593 frs-core:CurrentFinancialInstruments 2025-03-31 08963593 frs-core:ComputerEquipment 2025-03-31 08963593 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08963593 frs-core:ComputerEquipment 2024-03-31 08963593 frs-core:SharePremium 2025-03-31 08963593 frs-core:ShareCapital 2025-03-31 08963593 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08963593 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08963593 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08963593 frs-bus:SmallEntities 2024-04-01 2025-03-31 08963593 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08963593 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08963593 frs-bus:Director1 2024-04-01 2025-03-31 08963593 frs-core:CurrentFinancialInstruments 2 2025-03-31 08963593 frs-countries:EnglandWales 2024-04-01 2025-03-31 08963593 2023-03-31 08963593 2024-03-31 08963593 2023-04-01 2024-03-31 08963593 frs-core:CurrentFinancialInstruments 2024-03-31 08963593 frs-core:SharePremium 2024-03-31 08963593 frs-core:ShareCapital 2024-03-31 08963593 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08963593 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 08963593
Pink Fish Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
PAH Accounting
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Pink Fish Associates Ltd for the year ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Pink Fish Associates Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Pink Fish Associates Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Pink Fish Associates Ltd and state those matters that we have agreed to state to the directors of Pink Fish Associates Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pink Fish Associates Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Pink Fish Associates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pink Fish Associates Ltd . You consider that Pink Fish Associates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pink Fish Associates Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
PAH Accounting
14 May 2025
PAH Accounting
FCCA
Unit 2 The Pound
Coate
Devizes
SN10 3LG
Page 1
Page 2
Balance Sheet
Registered number: 08963593
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 448 669
448 669
CURRENT ASSETS
Debtors 5 36,868 34,575
Cash at bank and in hand 29,649 32,093
66,517 66,668
Creditors: Amounts Falling Due Within One Year 6 (25,416 ) (38,003 )
NET CURRENT ASSETS (LIABILITIES) 41,101 28,665
TOTAL ASSETS LESS CURRENT LIABILITIES 41,549 29,334
NET ASSETS 41,549 29,334
CAPITAL AND RESERVES
Called up share capital 7 102 102
Share premium account 48,000 -
Profit and Loss Account (6,553 ) 29,232
SHAREHOLDERS' FUNDS 41,549 29,334
For the year ending 31 March 2025 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 Richard Gray
Director
14 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Pink Fish Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08963593 . The registered office is Unit 2 The Pound, Coate, Devizes, SN10 3LG.
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 33% Reducing balance
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.
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: 3 (2024: 3)
3 3
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 3,822
As at 31 March 2025 3,822
Depreciation
As at 1 April 2024 3,153
Provided during the period 221
As at 31 March 2025 3,374
Net Book Value
As at 31 March 2025 448
As at 1 April 2024 669
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 29,776 34,575
Directors' loan accounts 7,092 -
36,868 34,575
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,984 7,718
Bank loans and overdrafts 1,724 1,214
Corporation tax 3,621 13,078
Other taxes and social security 465 494
VAT 12,340 13,088
Other creditors 142 139
Other creditors (2) 748 -
Accruals and deferred income 1,320 1,320
Directors' loan accounts 1,072 952
25,416 38,003
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
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8. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 51,000 54,000
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