Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07087424 Mrs Rubina Hussain Mr Munir Hussain Mr Abdullah Hussain Mr Abbas Khan Miss Maryam Hussain true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07087424 2023-12-31 07087424 2024-12-31 07087424 2024-01-01 2024-12-31 07087424 frs-core:Non-currentFinancialInstruments 2024-12-31 07087424 frs-core:BetweenOneFiveYears 2024-12-31 07087424 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07087424 frs-core:PlantMachinery 2024-01-01 2024-12-31 07087424 frs-core:WithinOneYear 2024-12-31 07087424 frs-core:ShareCapital 2024-12-31 07087424 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07087424 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07087424 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 07087424 frs-bus:SmallEntities 2024-01-01 2024-12-31 07087424 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07087424 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07087424 1 2024-01-01 2024-12-31 07087424 frs-bus:Director1 2024-01-01 2024-12-31 07087424 frs-bus:Director2 2024-01-01 2024-12-31 07087424 frs-bus:Director3 2024-01-01 2024-12-31 07087424 frs-bus:Director4 2024-01-01 2024-12-31 07087424 frs-bus:Director5 2024-01-01 2024-12-31 07087424 frs-countries:EnglandWales 2024-01-01 2024-12-31 07087424 2022-12-31 07087424 2023-12-31 07087424 2023-01-01 2023-12-31 07087424 frs-core:Non-currentFinancialInstruments 2023-12-31 07087424 frs-core:BetweenOneFiveYears 2023-12-31 07087424 frs-core:WithinOneYear 2023-12-31 07087424 frs-core:ShareCapital 2023-12-31 07087424 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07087424
Pepe's Franchising Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07087424
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 431,547 397,881
431,547 397,881
CURRENT ASSETS
Debtors 5 908,991 867,204
Cash at bank and in hand 1,801,063 1,023,296
2,710,054 1,890,500
Creditors: Amounts Falling Due Within One Year (867,502 ) (899,220 )
NET CURRENT ASSETS (LIABILITIES) 1,842,552 991,280
TOTAL ASSETS LESS CURRENT LIABILITIES 2,274,099 1,389,161
Creditors: Amounts Falling Due After More Than One Year (1,103,268 ) (265,794 )
NET ASSETS 1,170,831 1,123,367
CAPITAL AND RESERVES
Called up share capital 6 1,064,100 1,064,100
Profit and Loss Account 106,731 59,267
SHAREHOLDERS' FUNDS 1,170,831 1,123,367
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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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Munir Hussain
Director
11 August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Pepe's Franchising Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07087424 . The registered office is 925 Finchley Road, London, NW11 7PE.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Leasehold 20% on Reducing Balance Basis
Plant & Machinery 20% on Reducing Balance Basis
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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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 8 8
Sales, marketing and distribution 19 13
27 21
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 884,563
Additions 141,553
As at 31 December 2024 1,026,116
Depreciation
As at 1 January 2024 486,682
Provided during the period 107,887
As at 31 December 2024 594,569
...CONTINUED
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Net Book Value
As at 31 December 2024 431,547
As at 1 January 2024 397,881
5. Debtors
2024 2023
£ £
Due after more than one year
Amounts owed by group undertakings 536,235 574,880
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,064,100 1,064,100
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 48,000 48,000
Later than one year and not later than five years 144,000 144,000
192,000 192,000
8. Pension Commitments
The company operates a defined contribution pension scheme for the staff members.The assets of the scheme are held separately from those of the company in an independently administered fund. At the Balance Sheet date unpaid contributions of £4,994 (2023 - £ 3,853 ) were due to the fund. They are included in other creditors.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is PPP UK Group Ltd, a company incorporated in England and Wales which owns 100% of the issued share capital. Copies of the parent company's accounts may be obtained from the Registrar of Companies.

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