Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11646916 Mrs Pooja Godhaniya Mr Naga Rugha Khunti iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11646916 2023-10-31 11646916 2024-10-31 11646916 2023-11-01 2024-10-31 11646916 frs-core:CurrentFinancialInstruments 2024-10-31 11646916 frs-core:Non-currentFinancialInstruments 2024-10-31 11646916 frs-core:FurnitureFittings 2024-10-31 11646916 frs-core:FurnitureFittings 2023-11-01 2024-10-31 11646916 frs-core:FurnitureFittings 2023-10-31 11646916 frs-core:NetGoodwill 2024-10-31 11646916 frs-core:NetGoodwill 2023-11-01 2024-10-31 11646916 frs-core:NetGoodwill 2023-10-31 11646916 frs-core:MotorVehicles 2024-10-31 11646916 frs-core:MotorVehicles 2023-11-01 2024-10-31 11646916 frs-core:MotorVehicles 2023-10-31 11646916 frs-core:ShareCapital 2024-10-31 11646916 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11646916 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11646916 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11646916 frs-bus:SmallEntities 2023-11-01 2024-10-31 11646916 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11646916 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11646916 frs-bus:Director1 2023-11-01 2024-10-31 11646916 frs-bus:Director2 2023-11-01 2024-10-31 11646916 frs-core:CurrentFinancialInstruments 3 2024-10-31 11646916 frs-countries:EnglandWales 2023-11-01 2024-10-31 11646916 2022-10-31 11646916 2023-10-31 11646916 2022-11-01 2023-10-31 11646916 frs-core:CurrentFinancialInstruments 2023-10-31 11646916 frs-core:Non-currentFinancialInstruments 2023-10-31 11646916 frs-core:ShareCapital 2023-10-31 11646916 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11646916 frs-core:CurrentFinancialInstruments 3 2023-10-31
Registered number: 11646916
PN STORE LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11646916
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 74,092 77,992
Tangible Assets 5 17,767 16,293
91,859 94,285
CURRENT ASSETS
Stocks 6 51,645 48,585
Debtors 7 10,003 11,665
Cash at bank and in hand 1,570 2,071
63,218 62,321
Creditors: Amounts Falling Due Within One Year 8 (110,794 ) (75,166 )
NET CURRENT ASSETS (LIABILITIES) (47,576 ) (12,845 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,283 81,440
Creditors: Amounts Falling Due After More Than One Year 9 (26,830 ) (34,177 )
NET ASSETS 17,453 47,263
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 17,353 47,163
SHAREHOLDERS' FUNDS 17,453 47,263
Page 1
Page 2
For the year ending 31 October 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 Pooja Godhaniya
Director
24/06/2025
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
PN STORE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11646916 . The registered office is 149 Old Ashby Road, Loughborough, Leicestershire, England, LE11 4PQ.
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 .... years.
2.4. 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:
Motor Vehicles 25%
Fixtures & Fittings 15%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 97,491
As at 31 October 2024 97,491
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 November 2023 19,499
Provided during the period 3,900
As at 31 October 2024 23,399
Net Book Value
As at 31 October 2024 74,092
As at 1 November 2023 77,992
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 2,000 52,304 54,304
Additions 5,250 - 5,250
As at 31 October 2024 7,250 52,304 59,554
Depreciation
As at 1 November 2023 1,798 36,213 38,011
Provided during the period 1,363 2,413 3,776
As at 31 October 2024 3,161 38,626 41,787
Net Book Value
As at 31 October 2024 4,089 13,678 17,767
As at 1 November 2023 202 16,091 16,293
6. Stocks
2024 2023
£ £
Finished goods 51,645 48,585
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,003 10,348
VAT - 401
Other taxes and social security - 916
10,003 11,665
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,151 13,037
Bank loans and overdrafts - 2,974
Corporation tax - 1,993
Other taxes and social security 211 -
VAT 264 -
Other creditors (3) 462 456
Directors' loan accounts 102,706 56,706
110,794 75,166
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,830 34,177
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5