Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 09608110 J Wilkinson false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09608110 2024-05-31 09608110 2025-05-31 09608110 2024-06-01 2025-05-31 09608110 frs-core:CurrentFinancialInstruments 2025-05-31 09608110 frs-core:ComputerEquipment 2024-06-01 2025-05-31 09608110 frs-core:FurnitureFittings 2024-06-01 2025-05-31 09608110 frs-core:ShareCapital 2025-05-31 09608110 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 09608110 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 09608110 frs-bus:AbridgedAccounts 2024-06-01 2025-05-31 09608110 frs-bus:SmallEntities 2024-06-01 2025-05-31 09608110 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 09608110 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 09608110 1 2024-06-01 2025-05-31 09608110 frs-bus:Director1 2024-06-01 2025-05-31 09608110 frs-countries:EnglandWales 2024-06-01 2025-05-31 09608110 2023-05-31 09608110 2024-05-31 09608110 2023-06-01 2024-05-31 09608110 frs-core:CurrentFinancialInstruments 2024-05-31 09608110 frs-core:ShareCapital 2024-05-31 09608110 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09608110 frs-core:CurrentFinancialInstruments 1 2024-05-31
Registered number: 09608110
Petal Communications Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2025
AJ Fleet and Co Limited
Chartered Certified Accountants
Hyde Park House
Cartwright Street
Hyde
SK14 4EH
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 09608110
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,404 3,989
4,404 3,989
CURRENT ASSETS
Debtors 271,674 231,633
Cash at bank and in hand 505,003 433,464
776,677 665,097
Creditors: Amounts Falling Due Within One Year 5 (183,372 ) (150,275 )
NET CURRENT ASSETS (LIABILITIES) 593,305 514,822
TOTAL ASSETS LESS CURRENT LIABILITIES 597,709 518,811
NET ASSETS 597,709 518,811
CAPITAL AND RESERVES
Called up share capital 6 108 108
Income Statement 597,601 518,703
SHAREHOLDERS' FUNDS 597,709 518,811
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For the year ending 31 May 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 director acknowledges her 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 May 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
J Wilkinson
Director
01/10/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Petal Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09608110 . The registered office is C/O Aj Fleet And Co Limited Hyde Park House, Cartwright Street, Hyde, Cheshire, SK14 4EH.
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:
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 5)
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4. Tangible Assets
Total
£
Cost
As at 1 June 2024 12,851
Additions 2,064
As at 31 May 2025 14,915
Depreciation
As at 1 June 2024 8,862
Provided during the period 1,649
As at 31 May 2025 10,511
Net Book Value
As at 31 May 2025 4,404
As at 1 June 2024 3,989
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 58,291 42,375
Corporation tax 50,791 48,941
Other taxes and social security 9,469 6,488
VAT 63,087 37,085
Net wages - 1,048
Other creditors (Pensions) - 749
Accruals and deferred income 1,000 13,345
Director's loan account 734 244
183,372 150,275
At 31 May 2025 the company owed its director and shareholder J Wilkinson £734 (2024 £244). This loan is not interest bearing and repayable on demand.
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 108 108
7. Controlling Party
The company's controlling party is J Wilkinson by virtue of her ownership of 100% of the issued share capital in the company.
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