Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07474175 Mr D Robertson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07474175 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-12-31 07474175 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-12-31 07474175 2023-12-31 07474175 2024-12-31 07474175 2024-01-01 2024-12-31 07474175 frs-core:CurrentFinancialInstruments 2024-12-31 07474175 frs-core:Non-currentFinancialInstruments 2024-12-31 07474175 frs-core:FurnitureFittings 2024-12-31 07474175 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07474175 frs-core:FurnitureFittings 2023-12-31 07474175 frs-core:MotorVehicles 2024-12-31 07474175 frs-core:MotorVehicles 2024-01-01 2024-12-31 07474175 frs-core:MotorVehicles 2023-12-31 07474175 frs-core:PlantMachinery 2024-12-31 07474175 frs-core:PlantMachinery 2024-01-01 2024-12-31 07474175 frs-core:PlantMachinery 2023-12-31 07474175 frs-core:ShareCapital 2024-12-31 07474175 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07474175 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07474175 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07474175 frs-bus:SmallEntities 2024-01-01 2024-12-31 07474175 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07474175 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07474175 frs-bus:Director1 2024-01-01 2024-12-31 07474175 frs-countries:EnglandWales 2024-01-01 2024-12-31 07474175 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-12-31 07474175 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-12-31 07474175 2022-12-31 07474175 2023-12-31 07474175 2023-01-01 2023-12-31 07474175 frs-core:CurrentFinancialInstruments 2023-12-31 07474175 frs-core:Non-currentFinancialInstruments 2023-12-31 07474175 frs-core:ShareCapital 2023-12-31 07474175 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07474175
Pedunculate Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07474175
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,806 41,247
41,806 41,247
CURRENT ASSETS
Stocks 5 476,500 508,000
Debtors 6 192,347 182,201
Cash at bank and in hand 20,850 17,090
689,697 707,291
Creditors: Amounts Falling Due Within One Year 7 (431,596 ) (414,354 )
NET CURRENT ASSETS (LIABILITIES) 258,101 292,937
TOTAL ASSETS LESS CURRENT LIABILITIES 299,907 334,184
Creditors: Amounts Falling Due After More Than One Year 8 (121,624 ) (109,707 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,727 ) (7,837 )
NET ASSETS 168,556 216,640
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 168,356 216,440
SHAREHOLDERS' FUNDS 168,556 216,640
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 D Robertson
Director
24/09/2025
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
Pedunculate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07474175 . The registered office is Unit A3 Larkfield Trading Estate, New Hythe Lane, Larkfield, Aylesford, Kent, ME20 6SW.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
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. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.
2.4. 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.
2.5. 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 20% straight line
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% straight line
2.6. 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.
2.7. 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.
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2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Interest Receivable
Interest income is recognised in the profit and loss account using the effective interest method.
2.10. Interest Payable
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.11. 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.
2.12. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 15 (2023: 17)
15 17
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 212,079 57,490 8,233 277,802
Additions 14,123 - - 14,123
As at 31 December 2024 226,202 57,490 8,233 291,925
...CONTINUED
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Page 5
Depreciation
As at 1 January 2024 195,190 33,942 7,423 236,555
Provided during the period 8,591 4,710 263 13,564
As at 31 December 2024 203,781 38,652 7,686 250,119
Net Book Value
As at 31 December 2024 22,421 18,838 547 41,806
As at 1 January 2024 16,889 23,548 810 41,247
5. Stocks
2024 2023
£ £
Stock 476,500 508,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 98,958 101,848
Amounts owed by participating interests - 1,224
Other debtors 93,389 79,129
192,347 182,201
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,012 10,993
Trade creditors 257,501 192,389
Bank loans and overdrafts 42,163 44,979
Other loans 34,323 45,810
Amounts owed to participating interests 2,692 -
Other creditors 40,974 41,717
Taxation and social security 48,931 78,466
431,596 414,354
The bank loan and overdraft are secured by fixed and floating charges over all assets of the company.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,592 13,073
Bank loans 20,098 36,029
Other loans 85,934 60,605
121,624 109,707
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9. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 14,146 14,146
Other loans 34,323 45,810
48,469 59,956
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 20,098 36,029
Other loans 85,934 60,605
106,032 96,634
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Pension Commitments
At the balance sheet date unpaid contributions of £1,250 (2013 £1,356) were due to the fund. They are included in Other Creditors.
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