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 10987333 Mrs Christina Taylor-Chisholm Mr Scott Taylor-Chisholm iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10987333 2023-09-30 10987333 2024-09-30 10987333 2023-10-01 2024-09-30 10987333 frs-core:CurrentFinancialInstruments 2024-09-30 10987333 frs-core:Non-currentFinancialInstruments 2024-09-30 10987333 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 10987333 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 10987333 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 10987333 frs-core:NetGoodwill 2024-09-30 10987333 frs-core:NetGoodwill 2023-10-01 2024-09-30 10987333 frs-core:NetGoodwill 2023-09-30 10987333 frs-core:MotorVehicles 2024-09-30 10987333 frs-core:MotorVehicles 2023-10-01 2024-09-30 10987333 frs-core:MotorVehicles 2023-09-30 10987333 frs-core:OtherResidualIntangibleAssets 2024-09-30 10987333 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 10987333 frs-core:OtherResidualIntangibleAssets 2023-09-30 10987333 frs-core:PlantMachinery 2024-09-30 10987333 frs-core:PlantMachinery 2023-10-01 2024-09-30 10987333 frs-core:PlantMachinery 2023-09-30 10987333 frs-core:ShareCapital 2024-09-30 10987333 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10987333 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10987333 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10987333 frs-bus:SmallEntities 2023-10-01 2024-09-30 10987333 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10987333 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10987333 frs-bus:Director1 2023-10-01 2024-09-30 10987333 frs-bus:Director2 2023-10-01 2024-09-30 10987333 frs-countries:EnglandWales 2023-10-01 2024-09-30 10987333 2022-09-30 10987333 2023-09-30 10987333 2022-10-01 2023-09-30 10987333 frs-core:CurrentFinancialInstruments 2023-09-30 10987333 frs-core:Non-currentFinancialInstruments 2023-09-30 10987333 frs-core:ShareCapital 2023-09-30 10987333 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 10987333
Popolo Ceramico Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10987333
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 62,060 65,935
Tangible Assets 5 40,541 43,827
102,601 109,762
CURRENT ASSETS
Debtors 6 4,679 2,592
Cash at bank and in hand 7,617 6,357
12,296 8,949
Creditors: Amounts Falling Due Within One Year 7 (24,711 ) (28,479 )
NET CURRENT ASSETS (LIABILITIES) (12,415 ) (19,530 )
TOTAL ASSETS LESS CURRENT LIABILITIES 90,186 90,232
Creditors: Amounts Falling Due After More Than One Year 8 (18,072 ) (22,199 )
NET ASSETS 72,114 68,033
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 72,113 68,032
SHAREHOLDERS' FUNDS 72,114 68,033
Page 1
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
Mrs Christina Taylor-Chisholm
Director
18/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Popolo Ceramico Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10987333 . The registered office is Suite 2.05, Swans Centre For Innovation, Station Road, NE28 6EQ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Research and Development
Expenditure on research and development is capitalsied under development costs in the year it is incurred.
2.6. 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 15% Reducing basis
Motor Vehicles 20% Reducing basis
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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.
2.8. Capital Grants
Capital grants included in the accounts are in relation to the website development costs included in intangible assets. The grant is released into the Profit and Loss Account on an annual basis over 10 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Intangible Assets
Goodwill Other Development Costs Total
£ £ £ £
Cost
As at 1 October 2023 6,000 32,750 48,035 86,785
As at 30 September 2024 6,000 32,750 48,035 86,785
Amortisation
As at 1 October 2023 1,200 19,650 - 20,850
Provided during the period 600 3,275 - 3,875
As at 30 September 2024 1,800 22,925 - 24,725
Net Book Value
As at 30 September 2024 4,200 9,825 48,035 62,060
As at 1 October 2023 4,800 13,100 48,035 65,935
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 45,084 33,617 78,701
Additions 4,882 - 4,882
As at 30 September 2024 49,966 33,617 83,583
Depreciation
As at 1 October 2023 18,469 16,405 34,874
Provided during the period 4,725 3,443 8,168
As at 30 September 2024 23,194 19,848 43,042
Net Book Value
As at 30 September 2024 26,772 13,769 40,541
As at 1 October 2023 26,615 17,212 43,827
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,592 2,592
VAT 2,087 -
4,679 2,592
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Corporation tax 1,233 -
Accruals and deferred income 4,452 4,452
Directors' loan accounts 19,026 24,026
24,711 28,479
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,623 18,933
Capital grants 2,449 3,266
18,072 22,199
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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