Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11934304 Mr Rouven Angermann true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11934304 2023-12-31 11934304 2024-12-31 11934304 2024-01-01 2024-12-31 11934304 frs-core:CurrentFinancialInstruments 2024-12-31 11934304 frs-core:ComputerEquipment 2024-12-31 11934304 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11934304 frs-core:ComputerEquipment 2023-12-31 11934304 frs-core:FurnitureFittings 2024-12-31 11934304 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11934304 frs-core:FurnitureFittings 2023-12-31 11934304 frs-core:ShareCapital 2024-12-31 11934304 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11934304 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11934304 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11934304 frs-bus:SmallEntities 2024-01-01 2024-12-31 11934304 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11934304 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11934304 1 2024-01-01 2024-12-31 11934304 frs-bus:Director1 2024-01-01 2024-12-31 11934304 frs-countries:EnglandWales 2024-01-01 2024-12-31 11934304 2022-12-31 11934304 2023-12-31 11934304 2023-01-01 2023-12-31 11934304 frs-core:CurrentFinancialInstruments 2023-12-31 11934304 frs-core:BetweenOneFiveYears 2023-12-31 11934304 frs-core:MoreThanFiveYears 2023-12-31 11934304 frs-core:WithinOneYear 2023-12-31 11934304 frs-core:ShareCapital 2023-12-31 11934304 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11934304 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 11934304
Picknweight UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Unitec House
2 Albert Place
London
England
N3 1QB
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Rouven Angermann
Company Number 11934304
Registered Office Unitec House
2 Albert Place
London
England
N3 1QB
Accountants Barnes Noble Ltd
Unitec House
2 Albert Place
London
England
N3 1QB
Page 1
Page 2
Accountants' Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the statement of financial position as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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.
Signed
4 June 2025
Unitec House
2 Albert Place
London
England
N3 1QB
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Page 3
Statement of Financial Position
Registered number: 11934304
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 47,841
- 47,841
CURRENT ASSETS
Stocks - 43,049
Debtors 5 - 128,138
Cash at bank and in hand - 28,768
- 199,955
Creditors: Amounts Falling Due Within One Year 6 (1,217,961 ) (1,159,356 )
NET CURRENT ASSETS (LIABILITIES) (1,217,961 ) (959,401 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,217,961 ) (911,560 )
NET LIABILITIES (1,217,961 ) (911,560 )
CAPITAL AND RESERVES
Called up share capital 1 1
Income Statement (1,217,962 ) (911,561 )
SHAREHOLDERS' FUNDS (1,217,961) (911,560)
For the year ending 31 December 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 Income Statement.
On behalf of the board
Mr Rouven Angermann
Director
4 June 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Picknweight UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11934304 . The registered office is Unitec House, 2 Albert Place, London, England, N3 1QB.
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.
The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.
2.2. Going Concern Disclosure
The company is reliant on the continued support of it's parent undertaking. If this support was withdrawn the company would be unable to continue in operational existence. Adjustments would then have to be made to reduce the value of the assets to their recoverable amounts and to provide any further liabilities that may arise. The company is unable to quantify the effect of such adjustments on the financial statements. The director believes that it is appropriate for the financial statements to be prepared on a going concern basis.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.4. 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:
Fixtures & Fittings 15% - Reducing balance
Computer Equipment 15% - Reducing balance
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.7. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.8. Related Party Exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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2.9. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.10. Cessation
The company has ceased trading on 31 July 2024.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 94,511 571 95,082
Disposals (94,511 ) (571 ) (95,082 )
As at 31 December 2024 - - -
Depreciation
As at 1 January 2024 46,951 290 47,241
Provided during the period 4,160 25 4,185
Disposals (51,111 ) (315 ) (51,426 )
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 47,560 281 47,841
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 68,945
Other debtors - 13,784
Security deposit - 45,409
- 128,138
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 791,857
Amounts owed to participating interests 1,217,961 312,919
Other creditors - 10,156
Taxation and social security - 44,424
1,217,961 1,159,356
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7. Other Commitments
Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Not later than one year - 700,000
Later than one year and not later than five years - 2,800,000
Later than five years - 700,000
- 4,200,000
8. Ultimate Controlling Party
The company's parent undertaking is PICKNWEIGHT GmbH, a company incorporated in Germany. Consolidated accounts may be obtained from Plauener Str. 160c, 13053 Berlin, Germany.
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