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 05879541 Mrs J L Pannozzo Mr L Pannozzo Mr C D Pannozzo Mr L A Pannozzo Mr L Pannozzo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05879541 2023-12-31 05879541 2024-12-31 05879541 2024-01-01 2024-12-31 05879541 frs-core:CurrentFinancialInstruments 2024-12-31 05879541 frs-core:Non-currentFinancialInstruments 2024-12-31 05879541 frs-core:BetweenOneFiveYears 2024-12-31 05879541 frs-core:FurnitureFittings 2024-12-31 05879541 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05879541 frs-core:FurnitureFittings 2023-12-31 05879541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05879541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05879541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05879541 frs-core:MotorVehicles 2024-12-31 05879541 frs-core:MotorVehicles 2024-01-01 2024-12-31 05879541 frs-core:MotorVehicles 2023-12-31 05879541 frs-core:PlantMachinery 2024-12-31 05879541 frs-core:PlantMachinery 2024-01-01 2024-12-31 05879541 frs-core:PlantMachinery 2023-12-31 05879541 frs-core:WithinOneYear 2024-12-31 05879541 frs-core:ShareCapital 2024-12-31 05879541 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05879541 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05879541 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05879541 frs-bus:SmallEntities 2024-01-01 2024-12-31 05879541 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05879541 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05879541 frs-core:UnlistedNon-exchangeTraded 2024-12-31 05879541 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05879541 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05879541 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 05879541 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05879541 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05879541 frs-bus:Director1 2024-01-01 2024-12-31 05879541 frs-bus:Director2 2024-01-01 2024-12-31 05879541 frs-bus:Director3 2024-01-01 2024-12-31 05879541 frs-bus:Director4 2024-01-01 2024-12-31 05879541 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05879541 frs-countries:EnglandWales 2024-01-01 2024-12-31 05879541 2022-12-31 05879541 2023-12-31 05879541 2023-01-01 2023-12-31 05879541 frs-core:CurrentFinancialInstruments 2023-12-31 05879541 frs-core:Non-currentFinancialInstruments 2023-12-31 05879541 frs-core:BetweenOneFiveYears 2023-12-31 05879541 frs-core:WithinOneYear 2023-12-31 05879541 frs-core:ShareCapital 2023-12-31 05879541 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05879541
Pitbitz Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Handleys Chartered Accountants
Pitbitz Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Pitbitz Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 05879541

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,611,389 |  | 2,582,272
Investments | 5 |  | 210,000 |  | 210,000
|  |  | 2,821,389 |  | 2,792,272
CURRENT ASSETS
Stocks | 6 | 753,611 |  | 1,078,761 |
Debtors | 7 | 1,084,579 |  | 584,195 |
Cash at bank and in hand |  | 1,201,085 |  | 1,180,481 |
|  | 3,039,275 |  | 2,843,437 |
Creditors: Amounts Falling Due Within One Year | 8 | (983,583 ) |  | (1,059,371 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,055,692 |  | 1,784,066
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,877,081 |  | 4,576,338
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (802,751 ) |  | (904,253 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,858 ) |  | -
NET ASSETS |  |  | 4,072,472 |  | 3,672,085
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Profit and Loss Account |  |  | 4,072,372 |  | 3,671,985
SHAREHOLDERS' FUNDS |  |  | 4,072,472 |  | 3,672,085

Page 1
Page 2
Pitbitz Limited
Balance Sheet (continued)
As At 31 December 2024
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 L Pannozzo Director
19/09/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Pitbitz Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Pitbitz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05879541 . The registered office is 10 Manor Park, Banbury, Oxfordshire, OX16 3TB.
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. 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:

Freehold | not depreciated
Plant & Machinery | 20% on reducing balance
Motor Vehicles | 25% on cost
Fixtures & Fittings | 33% on cost

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.
Page 3
Page 4
Pitbitz Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
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.
2.6. 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.
2.7. 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 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 assets reflect 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: 13 (2023: 13)
13 13
Page 4
Page 5
Pitbitz Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
| £ | £ | £ | £ | £
Cost
As at 1 January 2024 | 2,537,128 | 44,809 | 118,578 | 134,825 | 2,835,340
Additions | - | - | 52,916 | - | 52,916
As at 31 December 2024 | 2,537,128 | 44,809 | 171,494 | 134,825 | 2,888,256
Depreciation
As at 1 January 2024 | - | 33,364 | 87,763 | 131,941 | 253,068
Provided during the period | - | 2,289 | 20,933 | 577 | 23,799
As at 31 December 2024 | - | 35,653 | 108,696 | 132,518 | 276,867
Net Book Value
As at 31 December 2024 | 2,537,128 | 9,156 | 62,798 | 2,307 | 2,611,389
As at 1 January 2024 | 2,537,128 | 11,445 | 30,815 | 2,884 | 2,582,272

5. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 210,000
As at 31 December 2024 | 210,000
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 210,000
As at 1 January 2024 | 210,000

6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock | 753,611 |  | 1,078,761

Page 5
Page 6
Pitbitz Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 54,135 |  | 49,994
Other debtors | 1,030,444 |  | 534,201
| 1,084,579 |  | 584,195

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 21,414 |  | 14,853
Trade creditors | 212,629 |  | 253,319
Bank loans and overdrafts | 129,484 |  | 153,588
Other creditors | 444,305 |  | 477,962
Taxation and social security | 175,751 |  | 159,649
| 983,583 |  | 1,059,371

9. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 3,750 |  | 6,414
Bank loans | 799,001 |  | 897,839
| 802,751 |  | 904,253

10. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 21,414 |  | 14,853
Later than one year and not later than five years | 3,750 |  | 6,414
| 25,164 |  | 21,267
| 25,164 |  | 21,267

11. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 6