Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10982253 Mr Vakeesan Mathivathanan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10982253 2023-10-31 10982253 2024-10-31 10982253 2023-11-01 2024-10-31 10982253 frs-core:CurrentFinancialInstruments 2024-10-31 10982253 frs-core:Non-currentFinancialInstruments 2024-10-31 10982253 frs-core:ComputerEquipment 2024-10-31 10982253 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10982253 frs-core:ComputerEquipment 2023-10-31 10982253 frs-core:FurnitureFittings 2024-10-31 10982253 frs-core:FurnitureFittings 2023-11-01 2024-10-31 10982253 frs-core:FurnitureFittings 2023-10-31 10982253 frs-core:ShareCapital 2024-10-31 10982253 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10982253 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10982253 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10982253 frs-bus:SmallEntities 2023-11-01 2024-10-31 10982253 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10982253 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10982253 frs-bus:Director1 2023-11-01 2024-10-31 10982253 frs-countries:EnglandWales 2023-11-01 2024-10-31 10982253 2022-10-31 10982253 2023-10-31 10982253 2022-11-01 2023-10-31 10982253 frs-core:CurrentFinancialInstruments 2023-10-31 10982253 frs-core:Non-currentFinancialInstruments 2023-10-31 10982253 frs-core:ShareCapital 2023-10-31 10982253 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10982253
Pillayar Minimart Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10982253
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 838 1,047
838 1,047
CURRENT ASSETS
Stocks 5 75,450 68,400
Cash at bank and in hand 5,374 2,249
80,824 70,649
Creditors: Amounts Falling Due Within One Year 7 (71,047 ) (41,635 )
NET CURRENT ASSETS (LIABILITIES) 9,777 29,014
TOTAL ASSETS LESS CURRENT LIABILITIES 10,615 30,061
Creditors: Amounts Falling Due After More Than One Year 8 (9,167 ) (19,167 )
NET ASSETS 1,448 10,894
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 1,447 10,893
SHAREHOLDERS' FUNDS 1,448 10,894
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Vakeesan Mathivathanan
Director
06/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pillayar Minimart Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10982253 . The registered office is 7 Masons Avenue, Harrow, HA3 5AH.
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:
Fixtures & Fittings 20%
Computer Equipment 20%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 3,386 874 4,260
As at 31 October 2024 3,386 874 4,260
Depreciation
As at 1 November 2023 2,554 659 3,213
Provided during the period 166 43 209
As at 31 October 2024 2,720 702 3,422
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2024 666 172 838
As at 1 November 2023 832 215 1,047
5. Stocks
2024 2023
£ £
Finished goods 75,450 68,400
6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,020 7,018
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 879 54
VAT 1,433 1,073
Director's loan account 21,715 23,490
71,047 41,635
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,167 19,167
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
Page 4