Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11774033 Mr Damien South Mr George Franks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11774033 2023-12-31 11774033 2024-12-31 11774033 2024-01-01 2024-12-31 11774033 frs-core:CurrentFinancialInstruments 2024-12-31 11774033 frs-core:Non-currentFinancialInstruments 2024-12-31 11774033 frs-core:BetweenOneFiveYears 2024-12-31 11774033 frs-core:ComputerEquipment 2024-12-31 11774033 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11774033 frs-core:ComputerEquipment 2023-12-31 11774033 frs-core:FurnitureFittings 2024-12-31 11774033 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11774033 frs-core:FurnitureFittings 2023-12-31 11774033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 11774033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 11774033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11774033 frs-core:MotorVehicles 2024-12-31 11774033 frs-core:MotorVehicles 2024-01-01 2024-12-31 11774033 frs-core:MotorVehicles 2023-12-31 11774033 frs-core:PlantMachinery 2024-12-31 11774033 frs-core:PlantMachinery 2024-01-01 2024-12-31 11774033 frs-core:PlantMachinery 2023-12-31 11774033 frs-core:WithinOneYear 2024-12-31 11774033 frs-core:ShareCapital 2024-12-31 11774033 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11774033 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11774033 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11774033 frs-bus:SmallEntities 2024-01-01 2024-12-31 11774033 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11774033 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11774033 frs-bus:Director1 2024-01-01 2024-12-31 11774033 frs-bus:Director2 2024-01-01 2024-12-31 11774033 frs-countries:EnglandWales 2024-01-01 2024-12-31 11774033 2022-12-31 11774033 2023-12-31 11774033 2023-01-01 2023-12-31 11774033 frs-core:CurrentFinancialInstruments 2023-12-31 11774033 frs-core:Non-currentFinancialInstruments 2023-12-31 11774033 frs-core:BetweenOneFiveYears 2023-12-31 11774033 frs-core:WithinOneYear 2023-12-31 11774033 frs-core:ShareCapital 2023-12-31 11774033 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11774033
Piso Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11774033
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,932 71,897
89,932 71,897
CURRENT ASSETS
Stocks 5 10,000 14,000
Debtors 6 492,102 438,101
Cash at bank and in hand 362,406 299,656
864,508 751,757
Creditors: Amounts Falling Due Within One Year 7 (312,456 ) (253,130 )
NET CURRENT ASSETS (LIABILITIES) 552,052 498,627
TOTAL ASSETS LESS CURRENT LIABILITIES 641,984 570,524
Creditors: Amounts Falling Due After More Than One Year 8 (79,178 ) (5,121 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,483 ) (15,147 )
NET ASSETS 540,323 550,256
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 540,223 550,156
SHAREHOLDERS' FUNDS 540,323 550,256
Page 1
Page 2
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.
On behalf of the board
Mr George Franks
Director
13/08/2025
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
Piso Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11774033 . The registered office is 51 Riverside Estate, Sir Thomas Longley Road, Rochester, Kent, ME2 4DP.
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.
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:
Leasehold 20% SL
Plant & Machinery 15% WDV
Motor Vehicles 33.3% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 33.3% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
Page 3
Page 4
2.6. 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 years 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 4 (2023: 3)
4 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 7,108 6,730 108,700 1,309
Additions - - 96,227 -
Disposals - - (64,000 ) -
As at 31 December 2024 7,108 6,730 140,927 1,309
Depreciation
As at 1 January 2024 1,068 1,332 52,331 191
Provided during the period 1,208 809 38,256 168
Disposals - - (26,292 ) -
As at 31 December 2024 2,276 2,141 64,295 359
Net Book Value
As at 31 December 2024 4,832 4,589 76,632 950
As at 1 January 2024 6,040 5,398 56,369 1,118
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2024 6,754 130,601
Additions 2,205 98,432
Disposals - (64,000 )
As at 31 December 2024 8,959 165,033
Depreciation
As at 1 January 2024 3,782 58,704
Provided during the period 2,248 42,689
Disposals - (26,292 )
As at 31 December 2024 6,030 75,101
Net Book Value
As at 31 December 2024 2,929 89,932
As at 1 January 2024 2,972 71,897
5. Stocks
2024 2023
£ £
Stock 10,000 14,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 162,484 382,447
Retention 82,847 -
Other debtors 246,771 55,654
492,102 438,101
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,229 3,702
Trade creditors 143,364 165,522
Other creditors 138,287 52,301
Taxation and social security 14,576 31,605
312,456 253,130
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 79,178 5,121
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,229 3,702
Later than one year and not later than five years 79,178 5,121
95,407 8,823
95,407 8,823
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6