Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02746163 Mr Paul Masterson Mrs Jane Masterson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02746163 2023-12-31 02746163 2024-12-31 02746163 2024-01-01 2024-12-31 02746163 frs-core:CurrentFinancialInstruments 2024-12-31 02746163 frs-core:Non-currentFinancialInstruments 2024-12-31 02746163 frs-core:BetweenOneFiveYears 2024-12-31 02746163 frs-core:FurnitureFittings 2024-12-31 02746163 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02746163 frs-core:FurnitureFittings 2023-12-31 02746163 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 02746163 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02746163 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 02746163 frs-core:MotorVehicles 2024-12-31 02746163 frs-core:MotorVehicles 2024-01-01 2024-12-31 02746163 frs-core:MotorVehicles 2023-12-31 02746163 frs-core:PlantMachinery 2024-12-31 02746163 frs-core:PlantMachinery 2024-01-01 2024-12-31 02746163 frs-core:PlantMachinery 2023-12-31 02746163 frs-core:WithinOneYear 2024-12-31 02746163 frs-core:RevaluationReserve 2023-12-31 02746163 frs-core:RevaluationReserve 2024-12-31 02746163 frs-core:ShareCapital 2024-12-31 02746163 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02746163 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02746163 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02746163 frs-bus:SmallEntities 2024-01-01 2024-12-31 02746163 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02746163 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02746163 frs-core:ListedExchangeTraded 2024-12-31 02746163 frs-core:ListedExchangeTraded 2023-12-31 02746163 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 02746163 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 02746163 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 02746163 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 02746163 frs-bus:Director1 2024-01-01 2024-12-31 02746163 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02746163 frs-countries:EnglandWales 2024-01-01 2024-12-31 02746163 2022-12-31 02746163 2023-12-31 02746163 2023-01-01 2023-12-31 02746163 frs-core:CurrentFinancialInstruments 2023-12-31 02746163 frs-core:Non-currentFinancialInstruments 2023-12-31 02746163 frs-core:BetweenOneFiveYears 2023-12-31 02746163 frs-core:WithinOneYear 2023-12-31 02746163 frs-core:RevaluationReserve 2023-12-31 02746163 frs-core:ShareCapital 2023-12-31 02746163 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02746163 frs-core:CurrentFinancialInstruments 4 2023-12-31
Registered number: 02746163
P.I.P. Lift Service Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
LPTA Limited
Chartered Certified Accountants
Priory Road
Priory Place
Tiptree
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02746163
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,249,820 1,234,607
Investments 5 1,028,090 1,028,090
2,277,910 2,262,697
CURRENT ASSETS
Stocks 6 363 318
Debtors 7 2,195,162 1,936,331
Cash at bank and in hand 992,536 1,246,134
3,188,061 3,182,783
Creditors: Amounts Falling Due Within One Year 8 (2,056,067 ) (1,961,370 )
NET CURRENT ASSETS (LIABILITIES) 1,131,994 1,221,413
TOTAL ASSETS LESS CURRENT LIABILITIES 3,409,904 3,484,110
Creditors: Amounts Falling Due After More Than One Year 9 (137,570 ) (137,570 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (57,606 ) (59,698 )
NET ASSETS 3,214,728 3,286,842
CAPITAL AND RESERVES
Called up share capital 11 1,500 1,500
Revaluation reserve 12 113,295 113,295
Profit and Loss Account 3,099,933 3,172,047
SHAREHOLDERS' FUNDS 3,214,728 3,286,842
Page 1
Page 2
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 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 Paul Masterson
Director
23rd April 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
P.I.P. Lift Service Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02746163 . The registered office is Melville Court Spilsby Road, Harold Hill, Romford, Essex, RM3 8SB.
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 Cost Price
Plant & Machinery 25% Reducing Balance Basis
Motor Vehicles 25% Reducing Balance Basis
Fixtures & Fittings 25% Reducing Balance Basis
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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.
2.5. 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.
2.6. 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.
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.
Page 4
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 70 (2023: 64)
70 64
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2024 750,000 70,658 689,376 12,968 1,523,002
Additions - 11,078 148,410 - 159,488
Disposals - - (60,945 ) - (60,945 )
As at 31 December 2024 750,000 81,736 776,841 12,968 1,621,545
Depreciation
As at 1 January 2024 - 54,318 221,730 12,347 288,395
Provided during the period - 5,035 119,884 73 124,992
Disposals - - (41,662 ) - (41,662 )
As at 31 December 2024 - 59,353 299,952 12,420 371,725
Net Book Value
As at 31 December 2024 750,000 22,383 476,889 548 1,249,820
As at 1 January 2024 750,000 16,340 467,646 621 1,234,607
5. Investments
Listed
£
Cost
As at 1 January 2024 1,028,090
As at 31 December 2024 1,028,090
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,028,090
As at 1 January 2024 1,028,090
Page 5
Page 6
6. Stocks
2024 2023
£ £
Materials 363 318
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,146,807 1,901,043
Prepayments and accrued income 48,355 35,288
2,195,162 1,936,331
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 71,186 81,421
Trade creditors 608,889 270,092
Corporation tax 129,295 191,779
Other taxes and social security 110,596 97,645
VAT 299,989 204,004
Net wages 36,604 31,216
MBIA & Major Works Advance Billing 671,131 761,946
Natwest Credit Card - 1,910
Accruals and deferred income 67,000 249,467
Director's loan account 61,377 71,890
2,056,067 1,961,370
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 137,570 137,570
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 71,186 81,421
Later than one year and not later than five years 137,570 137,570
208,756 218,991
208,756 218,991
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,500 1,500
12. Reserves
Revaluation Reserve
£
As at 1 January 2024 113,295
As at 31 December 2024 113,295
Page 7