Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 June 2022 false 1 October 2023 30 September 2024 30 September 2024 NI686322 Mr Padraic Mc Keever Mr Noel Hegarty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI686322 2023-09-30 NI686322 2024-09-30 NI686322 2023-10-01 2024-09-30 NI686322 frs-core:CurrentFinancialInstruments 2024-09-30 NI686322 frs-core:ComputerEquipment 2024-09-30 NI686322 frs-core:ComputerEquipment 2023-10-01 2024-09-30 NI686322 frs-core:ComputerEquipment 2023-09-30 NI686322 frs-core:FurnitureFittings 2024-09-30 NI686322 frs-core:FurnitureFittings 2023-10-01 2024-09-30 NI686322 frs-core:FurnitureFittings 2023-09-30 NI686322 frs-core:PlantMachinery 2024-09-30 NI686322 frs-core:PlantMachinery 2023-10-01 2024-09-30 NI686322 frs-core:PlantMachinery 2023-09-30 NI686322 frs-core:ShareCapital 2024-09-30 NI686322 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI686322 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI686322 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 NI686322 frs-bus:SmallEntities 2023-10-01 2024-09-30 NI686322 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 NI686322 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI686322 frs-bus:Director1 2023-10-01 2024-09-30 NI686322 frs-bus:Director2 2023-10-01 2024-09-30 NI686322 frs-countries:NorthernIreland 2023-10-01 2024-09-30 NI686322 2022-05-31 NI686322 2023-09-30 NI686322 2022-06-01 2023-09-30 NI686322 frs-core:CurrentFinancialInstruments 2023-09-30 NI686322 frs-core:ShareCapital 2023-09-30 NI686322 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: NI686322
PANOJO MANUFACTURING LTD
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI686322
30 September 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,257 44,767
40,257 44,767
CURRENT ASSETS
Stocks 5 84,922 53,801
84,922 53,801
Creditors: Amounts Falling Due Within One Year 6 (96,001 ) (246,803 )
NET CURRENT ASSETS (LIABILITIES) (11,079 ) (193,002 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,178 (148,235 )
NET ASSETS/(LIABILITIES) 29,178 (148,235 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 29,078 (148,335 )
SHAREHOLDERS' FUNDS 29,178 (148,235)
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
Mr Padraic Mc Keever
Director
28/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PANOJO MANUFACTURING LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number NI686322 . The registered office is 113a, Charlestown Road, Portadown, Armagh, BT63 5PR.
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:
Plant & Machinery 10% SL
Fixtures & Fittings 25% SL
Computer Equipment 33% SL
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2023: 29)
33 29
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 47,158 7,429 - 54,587
Additions - - 3,081 3,081
As at 30 September 2024 47,158 7,429 3,081 57,668
Depreciation
As at 1 October 2023 7,073 2,747 - 9,820
Provided during the period 4,717 1,857 1,017 7,591
As at 30 September 2024 11,790 4,604 1,017 17,411
Net Book Value
As at 30 September 2024 35,368 2,825 2,064 40,257
As at 1 October 2023 40,085 4,682 - 44,767
5. Stocks
30 September 2024 30 September 2023
£ £
Stock 84,922 53,801
6. Creditors: Amounts Falling Due Within One Year
30 September 2024 30 September 2023
£ £
Trade creditors 123,016 127,943
Amounts owed to participating interests (108,212 ) 34,746
Other creditors 15,470 1,480
Taxation and social security 65,727 82,634
96,001 246,803
7. Share Capital
30 September 2024 30 September 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Sports Merchandising Ireland LtdShared directorsSales of £1,403,246 (2023: £1,023,577) where made to the related entity. The balance at period end is £108,212 debtor balance, this is disclosed in creditors.

Sports Merchandising Ireland Ltd

Shared directors

Sales of £1,403,246 (2023: £1,023,577) where made to the related entity. The balance at period end is £108,212 debtor balance, this is disclosed in creditors.

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