Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07377245 Mrs Pauline Bolt Mrs Sarah Soward Mr Colin House iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07377245 2023-12-31 07377245 2024-12-31 07377245 2024-01-01 2024-12-31 07377245 frs-core:CurrentFinancialInstruments 2024-12-31 07377245 frs-core:ComputerEquipment 2024-12-31 07377245 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07377245 frs-core:ComputerEquipment 2023-12-31 07377245 frs-core:FurnitureFittings 2024-12-31 07377245 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07377245 frs-core:FurnitureFittings 2023-12-31 07377245 frs-core:NetGoodwill 2024-12-31 07377245 frs-core:NetGoodwill 2024-01-01 2024-12-31 07377245 frs-core:NetGoodwill 2023-12-31 07377245 frs-core:MotorVehicles 2024-12-31 07377245 frs-core:MotorVehicles 2024-01-01 2024-12-31 07377245 frs-core:MotorVehicles 2023-12-31 07377245 frs-core:PlantMachinery 2024-12-31 07377245 frs-core:PlantMachinery 2024-01-01 2024-12-31 07377245 frs-core:PlantMachinery 2023-12-31 07377245 frs-core:ShareCapital 2024-12-31 07377245 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07377245 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07377245 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07377245 frs-bus:SmallEntities 2024-01-01 2024-12-31 07377245 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07377245 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07377245 frs-bus:Director1 2024-01-01 2024-12-31 07377245 frs-bus:Director2 2024-01-01 2024-12-31 07377245 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 07377245 frs-countries:EnglandWales 2024-01-01 2024-12-31 07377245 2022-12-31 07377245 2023-12-31 07377245 2023-01-01 2023-12-31 07377245 frs-core:CurrentFinancialInstruments 2023-12-31 07377245 frs-core:ShareCapital 2023-12-31 07377245 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07377245
Paulines Patchwork Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Rapid Accounts Limited
Unit 20 The Wincombe Centre
Wincombe Business Park
Shaftesbury
Dorset
SP7 9QJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07377245
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,000 7,000
Tangible Assets 5 4,420 5,282
10,420 12,282
CURRENT ASSETS
Stocks 6 51,200 52,910
Debtors 7 4,305 4,084
Cash at bank and in hand 2,655 4,299
58,160 61,293
Creditors: Amounts Falling Due Within One Year 8 (87,323 ) (92,648 )
NET CURRENT ASSETS (LIABILITIES) (29,163 ) (31,355 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,743 ) (19,073 )
NET LIABILITIES (18,743 ) (19,073 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (18,745 ) (19,075 )
SHAREHOLDERS' FUNDS (18,743) (19,073)
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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
Mrs Pauline Bolt
Director
28/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Paulines Patchwork Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07377245 . The registered office is Unit 20 The Wincombe Centre, Wincombe Business Park, Shaftesbury, Dorset, SP7 9QJ.
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 the 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:
Plant & Machinery 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 15% reducing balance basis
Computer Equipment 33.33% straight line basis
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: 3 (2023: 4)
3 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 20,000
As at 31 December 2024 20,000
Amortisation
As at 1 January 2024 13,000
Provided during the period 1,000
As at 31 December 2024 14,000
Net Book Value
As at 31 December 2024 6,000
As at 1 January 2024 7,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 1,000 3,000 21,333 1,697 27,030
As at 31 December 2024 1,000 3,000 21,333 1,697 27,030
Depreciation
As at 1 January 2024 879 2,303 16,869 1,697 21,748
Provided during the period 18 174 670 - 862
As at 31 December 2024 897 2,477 17,539 1,697 22,610
Net Book Value
As at 31 December 2024 103 523 3,794 - 4,420
As at 1 January 2024 121 697 4,464 - 5,282
6. Stocks
2024 2023
£ £
Materials 51,200 52,910
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,305 4,084
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,166 7,670
Other creditors 82,947 81,754
Taxation and social security 2,210 3,224
87,323 92,648
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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