Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11914576 P Harding S Perry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11914576 2024-03-31 11914576 2025-03-31 11914576 2024-04-01 2025-03-31 11914576 frs-core:CurrentFinancialInstruments 2025-03-31 11914576 frs-core:ComputerEquipment 2025-03-31 11914576 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11914576 frs-core:ComputerEquipment 2024-03-31 11914576 frs-core:SharePremium 2025-03-31 11914576 frs-core:ShareCapital 2025-03-31 11914576 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11914576 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11914576 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11914576 frs-bus:SmallEntities 2024-04-01 2025-03-31 11914576 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11914576 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11914576 frs-bus:Director1 2024-04-01 2025-03-31 11914576 frs-bus:Director2 2024-04-01 2025-03-31 11914576 frs-countries:EnglandWales 2024-04-01 2025-03-31 11914576 2023-03-31 11914576 2024-03-31 11914576 2023-04-01 2024-03-31 11914576 frs-core:CurrentFinancialInstruments 2024-03-31 11914576 frs-core:SharePremium 2024-03-31 11914576 frs-core:ShareCapital 2024-03-31 11914576 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11914576
Pungo Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Michael Price Associates Limited
Pungo Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Pungo Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11914576

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 6,367 |  | 7,921
|  |  | 6,367 |  | 7,921
CURRENT ASSETS
Debtors | 5 | 485,434 |  | 354,671 |
Cash at bank and in hand |  | 1,039,994 |  | 468,672 |
|  | 1,525,428 |  | 823,343 |
Creditors: Amounts Falling Due Within One Year | 6 | (1,322,236 ) |  | (926,826 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 203,192 |  | (103,483 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 209,559 |  | (95,562 )
NET ASSETS/(LIABILITIES) |  |  | 209,559 |  | (95,562 )
CAPITAL AND RESERVES
Called up share capital | 7 |  | 1,296 |  | 1,252
Share premium account |  |  | 903,010 |  | 588,023
Profit and Loss Account |  |  | (694,747 ) |  | (684,837 )
SHAREHOLDERS' FUNDS |  |  | 209,559 |  | (95,562)

Page 1
Page 2
Pungo Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 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

P Harding Director
12/09/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Pungo Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Pungo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11914576 . The registered office is Joy - Uncommon, 25 Horsell Road, London, N5 1XL.
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.
Revenue recognition and deferred income
Where invoices are raised in advance of the performance obligations being satisfied, these are recorded on the balance sheet as deferred income. This deferred income relates predominantly to services which are recognised on a straight-line basis over the period of supply. These services are typically invoiced at the beginning of the provision of service and the associated revenue is recognised over this period. These are captured within current liabilities on the basis that they are expected to be recognised in revenue over the next twelve months.
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:

Computer Equipment | 3 Year Straight Line

2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 12)
15 12
Page 3
Page 4
Pungo Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 April 2024 | 11,534
Additions | 2,702
Disposals | (521 )
As at 31 March 2025 | 13,715
Depreciation
As at 1 April 2024 | 3,613
Provided during the period | 3,735
As at 31 March 2025 | 7,348
Net Book Value
As at 31 March 2025 | 6,367
As at 1 April 2024 | 7,921

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 474,238 |  | 344,003
Prepayments and accrued income | 11,196 |  | 10,668
| 485,434 |  | 354,671

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 19,620 |  | 56,814
Other taxes and social security | 55,075 |  | 31,341
VAT | 154,103 |  | 77,631
Pension Payable | 2,799 |  | 2,900
Accruals and deferred income | 1,090,639 |  | 758,140
| 1,322,236 |  | 926,826

Accruals and deferred income include deferred income of £996,223 which relates to services which are recognised on a straight-line basis over the period of supply.
7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,296 |  | 1,252

During the year under review 44,480 new shares were issued raising £315,031 net of expenses
8. Transition to FRS 102
The financial statements for the year ended 31st March 2025 have been prepared under FRS 102 because Pungo Ltd no longer complies with the requirements of FRS105 as it did in prior years.
Page 4