Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09238098 Mr Clive Harvey Mr Martin Shaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09238098 2023-09-30 09238098 2024-09-30 09238098 2023-10-01 2024-09-30 09238098 frs-core:CurrentFinancialInstruments 2024-09-30 09238098 frs-core:Non-currentFinancialInstruments 2024-09-30 09238098 frs-core:BetweenOneFiveYears 2024-09-30 09238098 frs-core:ComputerEquipment 2024-09-30 09238098 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09238098 frs-core:ComputerEquipment 2023-09-30 09238098 frs-core:FurnitureFittings 2024-09-30 09238098 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09238098 frs-core:FurnitureFittings 2023-09-30 09238098 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 09238098 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 09238098 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 09238098 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 09238098 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09238098 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 09238098 frs-core:MotorVehicles 2024-09-30 09238098 frs-core:MotorVehicles 2023-10-01 2024-09-30 09238098 frs-core:MotorVehicles 2023-09-30 09238098 frs-core:PlantMachinery 2024-09-30 09238098 frs-core:PlantMachinery 2023-10-01 2024-09-30 09238098 frs-core:PlantMachinery 2023-09-30 09238098 frs-core:WithinOneYear 2024-09-30 09238098 frs-core:RevaluationReserve 2023-10-01 2024-09-30 09238098 frs-core:RevaluationReserve 2023-09-30 09238098 frs-core:RevaluationReserve 2024-09-30 09238098 frs-core:ShareCapital 2024-09-30 09238098 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09238098 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09238098 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09238098 frs-bus:SmallEntities 2023-10-01 2024-09-30 09238098 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09238098 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09238098 frs-bus:Director1 2023-10-01 2024-09-30 09238098 frs-bus:Director2 2023-10-01 2024-09-30 09238098 frs-bus:Director2 2023-09-30 09238098 frs-bus:Director2 2024-09-30 09238098 frs-countries:EnglandWales 2023-10-01 2024-09-30 09238098 2022-09-30 09238098 2023-09-30 09238098 2022-10-01 2023-09-30 09238098 frs-core:CurrentFinancialInstruments 2023-09-30 09238098 frs-core:Non-currentFinancialInstruments 2023-09-30 09238098 frs-core:BetweenOneFiveYears 2023-09-30 09238098 frs-core:WithinOneYear 2023-09-30 09238098 frs-core:RevaluationReserve 2023-09-30 09238098 frs-core:ShareCapital 2023-09-30 09238098 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09238098
The Piggy Bank Storage Company Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Artema Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09238098
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 306,567 361,943
306,567 361,943
CURRENT ASSETS
Debtors 5 4,294 4,360
Cash at bank and in hand 54,301 25,593
58,595 29,953
Creditors: Amounts Falling Due Within One Year 6 (95,657 ) (72,044 )
NET CURRENT ASSETS (LIABILITIES) (37,062 ) (42,091 )
TOTAL ASSETS LESS CURRENT LIABILITIES 269,505 319,852
Creditors: Amounts Falling Due After More Than One Year 7 (35,640 ) (43,999 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (62,162 ) (66,416 )
NET ASSETS 171,703 209,437
CAPITAL AND RESERVES
Called up share capital 9 110 110
Revaluation reserve 11 102,771 120,907
Profit and Loss Account 68,822 88,420
SHAREHOLDERS' FUNDS 171,703 209,437
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Page 2
For the year ending 30 September 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 Clive Harvey
Director
22/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Piggy Bank Storage Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09238098 . The registered office is Ringwood Road, Three Legged Cross, Wimborne, Dorset, BH21 6RD.
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:
Freehold 3 year straight line basis
Leasehold Over Life of Lease
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 October 2023 1,435 19,425 590,796 61,880
Additions - - 4,290 -
As at 30 September 2024 1,435 19,425 595,086 61,880
Depreciation
As at 1 October 2023 1,435 8,202 290,541 15,470
Provided during the period - 2,097 45,253 11,603
As at 30 September 2024 1,435 10,299 335,794 27,073
Net Book Value
As at 30 September 2024 - 9,126 259,292 34,807
As at 1 October 2023 - 11,223 300,255 46,410
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 10,299 2,640 686,475
Additions - 400 4,690
As at 30 September 2024 10,299 3,040 691,165
...CONTINUED
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Page 5
Depreciation
As at 1 October 2023 6,521 2,363 324,532
Provided during the period 944 169 60,066
As at 30 September 2024 7,465 2,532 384,598
Net Book Value
As at 30 September 2024 2,834 508 306,567
As at 1 October 2023 3,778 277 361,943
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,294 4,360
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,441 12,441
Trade creditors - 1
Other creditors 33,220 29,613
Taxation and social security 49,996 29,989
95,657 72,044
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,640 43,999
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,441 12,441
Later than one year and not later than five years 35,640 43,999
48,081 56,440
48,081 56,440
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Martin Shaw 347 - - - -
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Revaluation Reserve
£
As at 1 October 2023 120,907
Transfer to profit and loss (18,136 )
As at 30 September 2024 102,771
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