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 11485543 Mr A Amhama Mr A Fry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11485543 2023-12-31 11485543 2024-12-31 11485543 2024-01-01 2024-12-31 11485543 frs-core:CurrentFinancialInstruments 2024-12-31 11485543 frs-core:Non-currentFinancialInstruments 2024-12-31 11485543 frs-core:BetweenOneFiveYears 2024-12-31 11485543 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11485543 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11485543 frs-core:MotorVehicles 2024-01-01 2024-12-31 11485543 frs-core:PlantMachinery 2024-12-31 11485543 frs-core:PlantMachinery 2024-01-01 2024-12-31 11485543 frs-core:PlantMachinery 2023-12-31 11485543 frs-core:WithinOneYear 2024-12-31 11485543 frs-core:ShareCapital 2024-12-31 11485543 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11485543 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11485543 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11485543 frs-bus:SmallEntities 2024-01-01 2024-12-31 11485543 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11485543 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11485543 frs-bus:Director1 2024-01-01 2024-12-31 11485543 frs-bus:Director1 2023-12-31 11485543 frs-bus:Director1 2024-12-31 11485543 frs-bus:Director2 2024-01-01 2024-12-31 11485543 frs-bus:Director2 2023-12-31 11485543 frs-bus:Director2 2024-12-31 11485543 frs-countries:EnglandWales 2024-01-01 2024-12-31 11485543 2022-12-31 11485543 2023-12-31 11485543 2023-01-01 2023-12-31 11485543 frs-core:CurrentFinancialInstruments 2023-12-31 11485543 frs-core:Non-currentFinancialInstruments 2023-12-31 11485543 frs-core:BetweenOneFiveYears 2023-12-31 11485543 frs-core:WithinOneYear 2023-12-31 11485543 frs-core:ShareCapital 2023-12-31 11485543 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11485543
Paws In Work Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11485543
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 86,606 105,828
86,606 105,828
CURRENT ASSETS
Stocks 6 3,710 3,750
Debtors 7 324,355 248,288
Cash at bank and in hand 33,167 74,923
361,232 326,961
Creditors: Amounts Falling Due Within One Year 8 (376,070 ) (376,071 )
NET CURRENT ASSETS (LIABILITIES) (14,838 ) (49,110 )
TOTAL ASSETS LESS CURRENT LIABILITIES 71,768 56,718
Creditors: Amounts Falling Due After More Than One Year 9 (133,002 ) (184,294 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,561 ) -
NET LIABILITIES (65,795 ) (127,576 )
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account (65,796 ) (127,577 )
SHAREHOLDERS' FUNDS (65,795) (127,576)
Page 1
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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 Profit and Loss Account.
On behalf of the board
Mr A Amhama
Director
Mr A Fry
Director
10th June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Paws In Work Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11485543 . The registered office is Unit G.17 111 Power Road, The Light Box, Chiswick, London, W4 5PY.
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. Going Concern Disclosure
These accounts have been prepared on a going concern basis. This is considered appropriate since although the company has net liabilities as at the balance sheet date, the company will continue to be supported by its directors.
2.3. 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.
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.
2.4. 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:
Plant & Machinery 20% Straight line method
Motor Vehicles 15% Reducing balance method
Fixtures & Fittings 25% Straight line method
Computer Equipment 33% Straight line method
Change of Accounting Estimate
During the period there has been a change in accounting estimate relating to the useful life of motor vehicles. The method previously used was 25% on reducing balance and the directors have determined that 15% on reducing balance is more appropriate to reflect the use of motor vehicles. This change has been applied prospectively and the impact on these financial statements, net of deferred tax, is net liabilities have reduced by £6,145.
2.5. 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.
2.6. 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.
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2.7. Financial Instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities,  including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements or a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 24)
17 24
4. Prior Period Adjustment
A prior period adjustment has been made due to an error in the calculation of deferred tax. The impact on the financial statements is the deferred tax asset has decreased by £32,810 and retained losses carried forward have increased by £32,810, as at 31 December 2023.
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5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2024 169,715
Additions 2,966
As at 31 December 2024 172,681
Depreciation
As at 1 January 2024 63,887
Provided during the period 22,188
As at 31 December 2024 86,075
Net Book Value
As at 31 December 2024 86,606
As at 1 January 2024 105,828
6. Stocks
2024 2023
as restated
£ £
Stock 3,710 3,750
7. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 102,008 145,569
Other debtors 222,347 102,719
324,355 248,288
8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 18,019 16,099
Trade creditors 21,370 18,031
Bank loans and overdrafts 7,427 7,427
Other creditors 192,668 230,057
Taxation and social security 136,586 104,457
376,070 376,071
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 46,798 64,367
Bank loans 32,409 39,664
Taxation and social security 53,795 80,263
133,002 184,294
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,019 16,099
Later than one year and not later than five years 46,798 64,367
64,817 80,466
64,817 80,466
11. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 1 1
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
as restated
£ £
Not later than one year 24,844 22,860
Later than one year and not later than five years 15,271 38,225
40,115 61,085
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Adam Amhama 50,452 38,740 - - 89,192
Mr Ashley Fry 30,291 38,143 - - 68,434
The above loan is unsecured and repayable on demand. Interest is being charged at 2.25% per annum.
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