Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 14061996 Mr T H Piggott Mrs S M Piggott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14061996 2024-04-30 14061996 2025-04-30 14061996 2024-05-01 2025-04-30 14061996 frs-core:CurrentFinancialInstruments 2025-04-30 14061996 frs-core:MotorVehicles 2025-04-30 14061996 frs-core:MotorVehicles 2024-05-01 2025-04-30 14061996 frs-core:MotorVehicles 2024-04-30 14061996 frs-core:PlantMachinery 2025-04-30 14061996 frs-core:PlantMachinery 2024-05-01 2025-04-30 14061996 frs-core:PlantMachinery 2024-04-30 14061996 frs-core:ShareCapital 2025-04-30 14061996 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 14061996 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 14061996 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 14061996 frs-bus:SmallEntities 2024-05-01 2025-04-30 14061996 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 14061996 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 14061996 frs-bus:Director1 2024-05-01 2025-04-30 14061996 frs-bus:Director2 2024-05-01 2025-04-30 14061996 frs-countries:EnglandWales 2024-05-01 2025-04-30 14061996 2023-04-30 14061996 2024-04-30 14061996 2023-05-01 2024-04-30 14061996 frs-core:CurrentFinancialInstruments 2024-04-30 14061996 frs-core:ShareCapital 2024-04-30 14061996 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 14061996
t Piggott Home Improvement & Joinery Ltd
Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14061996
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,627 15,335
12,627 15,335
CURRENT ASSETS
Stocks 5 5,092 5,311
Debtors 6 2,579 2,847
Cash at bank and in hand 38,958 26,480
46,629 34,638
Creditors: Amounts Falling Due Within One Year 7 (13,449 ) (15,619 )
NET CURRENT ASSETS (LIABILITIES) 33,180 19,019
TOTAL ASSETS LESS CURRENT LIABILITIES 45,807 34,354
NET ASSETS 45,807 34,354
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 45,707 34,254
SHAREHOLDERS' FUNDS 45,807 34,354
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For the year ending 30 April 2025 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 T H Piggott
Director
23 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
t Piggott Home Improvement & Joinery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14061996 . The registered office is 20 Gladstone Street, Heanor, DE75 7PW.
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 20% reducing balance
Motor Vehicles 25% reducing balance
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. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 3)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2024 6,065 13,245 19,310
Additions 1,016 - 1,016
As at 30 April 2025 7,081 13,245 20,326
Depreciation
As at 1 May 2024 1,132 2,843 3,975
Provided during the period 1,124 2,600 3,724
As at 30 April 2025 2,256 5,443 7,699
Net Book Value
As at 30 April 2025 4,825 7,802 12,627
As at 1 May 2024 4,933 10,402 15,335
5. Stocks
2025 2024
£ £
Stock 1,178 766
Work in progress 3,914 4,545
5,092 5,311
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,762 1,412
Other debtors 817 1,435
2,579 2,847
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 72 175
Corporation tax 4,213 4,010
VAT 7,888 4,387
Other creditors 305 105
Directors' loan accounts 971 6,942
13,449 15,619
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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9. Related Party Transactions
At the balance sheet date, the amount owed to the directors' through the directors loan accounts was £971 (2024 £6,942). 
The directors loan accounts are unsecured, interest free and repayable on demand. 
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