Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10351113 Mr J S Grewal Mr B S Bath iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10351113 2023-08-31 10351113 2024-08-31 10351113 2023-09-01 2024-08-31 10351113 frs-core:CurrentFinancialInstruments 2024-08-31 10351113 frs-core:Non-currentFinancialInstruments 2024-08-31 10351113 frs-core:BetweenOneFiveYears 2024-08-31 10351113 frs-core:ComputerEquipment 2024-08-31 10351113 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10351113 frs-core:ComputerEquipment 2023-08-31 10351113 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 10351113 frs-core:FurnitureFittings 2024-08-31 10351113 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10351113 frs-core:FurnitureFittings 2023-08-31 10351113 frs-core:MoreThanFiveYears 2024-08-31 10351113 frs-core:OtherResidualIntangibleAssets 2024-08-31 10351113 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 10351113 frs-core:OtherResidualIntangibleAssets 2023-08-31 10351113 frs-core:PlantMachinery 2024-08-31 10351113 frs-core:PlantMachinery 2023-09-01 2024-08-31 10351113 frs-core:PlantMachinery 2023-08-31 10351113 frs-core:WithinOneYear 2024-08-31 10351113 frs-core:ShareCapital 2024-08-31 10351113 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10351113 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10351113 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10351113 frs-bus:SmallEntities 2023-09-01 2024-08-31 10351113 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10351113 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10351113 frs-bus:Director1 2023-09-01 2024-08-31 10351113 frs-bus:Director2 2023-09-01 2024-08-31 10351113 frs-countries:EnglandWales 2023-09-01 2024-08-31 10351113 2022-08-31 10351113 2023-08-31 10351113 2022-09-01 2023-08-31 10351113 frs-core:CurrentFinancialInstruments 2023-08-31 10351113 frs-core:Non-currentFinancialInstruments 2023-08-31 10351113 frs-core:BetweenOneFiveYears 2023-08-31 10351113 frs-core:MoreThanFiveYears 2023-08-31 10351113 frs-core:WithinOneYear 2023-08-31 10351113 frs-core:ShareCapital 2023-08-31 10351113 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10351113
Pagh Vala Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10351113
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,950 686
Tangible Assets 5 26,945 14,995
28,895 15,681
CURRENT ASSETS
Stocks 6 120,000 57,000
Cash at bank and in hand 32,918 16,737
152,918 73,737
Creditors: Amounts Falling Due Within One Year 7 (140,400 ) (73,834 )
NET CURRENT ASSETS (LIABILITIES) 12,518 (97 )
TOTAL ASSETS LESS CURRENT LIABILITIES 41,413 15,584
Creditors: Amounts Falling Due After More Than One Year 8 (27,905 ) (33,229 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (5,119 ) (3,749 )
NET ASSETS/(LIABILITIES) 8,389 (21,394 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 8,289 (21,494 )
SHAREHOLDERS' FUNDS 8,389 (21,394)
Page 1
Page 2
For the year ending 31 August 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 Income Statement.
On behalf of the board
Mr J S Grewal
Director
15/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pagh Vala Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10351113 . The registered office is C/O Goldwyns London Llp, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting polices adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets consist of Website Development. The capitalised cost is amortised to the income statement over its estimated economic life of 10 years.
Intangible assets consist of Copyright. The capitalised cost is amortised to the income statement over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Page 3
Page 4
2.8. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.9. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.10. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 857
Additions 1,500
As at 31 August 2024 2,357
Amortisation
As at 1 September 2023 171
Provided during the period 236
As at 31 August 2024 407
Net Book Value
As at 31 August 2024 1,950
As at 1 September 2023 686
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 12,889 14,731 2,984 30,604
Additions 1,917 19,748 833 22,498
As at 31 August 2024 14,806 34,479 3,817 53,102
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 September 2023 2,839 11,785 985 15,609
Provided during the period 2,393 6,896 1,259 10,548
As at 31 August 2024 5,232 18,681 2,244 26,157
Net Book Value
As at 31 August 2024 9,574 15,798 1,573 26,945
As at 1 September 2023 10,050 2,946 1,999 14,995
6. Stocks
2024 2023
£ £
Stock 120,000 57,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,330 5,305
Other creditors 106,505 67,844
Taxation and social security 28,565 685
140,400 73,834
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,905 33,229
27,905 33,229
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,119 3,749
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at year end, there are 100 Ordinary shares in issue.
Page 5
Page 6
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 33,000 -
Later than one year and not later than five years 80,000 -
Later than five years 18,333 -
131,333 -
12. Related Party Transactions
The company has received a loan from a director and shareholder of the company.  At the year end the outstanding amount was £11,904. This loan is interest free and repayable on demand.
Page 6