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 NI059524 Mr Robert Dobson Mrs Darlene Keys Mr Malcolm Keys Mr James Dobson Mr Colin Potts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI059524 2024-03-31 NI059524 2025-03-31 NI059524 2024-04-01 2025-03-31 NI059524 frs-core:CurrentFinancialInstruments 2025-03-31 NI059524 frs-core:Non-currentFinancialInstruments 2025-03-31 NI059524 frs-core:FurnitureFittings 2025-03-31 NI059524 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NI059524 frs-core:FurnitureFittings 2024-03-31 NI059524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 NI059524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 NI059524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 NI059524 frs-core:MotorVehicles 2025-03-31 NI059524 frs-core:MotorVehicles 2024-04-01 2025-03-31 NI059524 frs-core:MotorVehicles 2024-03-31 NI059524 frs-core:PlantMachinery 2025-03-31 NI059524 frs-core:PlantMachinery 2024-04-01 2025-03-31 NI059524 frs-core:PlantMachinery 2024-03-31 NI059524 frs-core:ShareCapital 2025-03-31 NI059524 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI059524 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI059524 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI059524 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI059524 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI059524 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI059524 frs-bus:Director1 2024-04-01 2025-03-31 NI059524 frs-bus:Director2 2024-04-01 2025-03-31 NI059524 frs-bus:Director3 2024-04-01 2025-03-31 NI059524 frs-bus:Director4 2024-04-01 2025-03-31 NI059524 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 NI059524 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI059524 2023-03-31 NI059524 2024-03-31 NI059524 2023-04-01 2024-03-31 NI059524 frs-core:CurrentFinancialInstruments 2024-03-31 NI059524 frs-core:Non-currentFinancialInstruments 2024-03-31 NI059524 frs-core:ShareCapital 2024-03-31 NI059524 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI059524
Pig Innovation Centre Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI059524
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 320,471 379,771
320,471 379,771
CURRENT ASSETS
Stocks 5 221,055 298,489
Debtors 6 141,749 84,357
Cash at bank and in hand 300,961 233,073
663,765 615,919
Creditors: Amounts Falling Due Within One Year 7 (629,806 ) (686,203 )
NET CURRENT ASSETS (LIABILITIES) 33,959 (70,284 )
TOTAL ASSETS LESS CURRENT LIABILITIES 354,430 309,487
Creditors: Amounts Falling Due After More Than One Year 8 (49,583 ) (84,583 )
NET ASSETS 304,847 224,904
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 304,647 224,704
SHAREHOLDERS' FUNDS 304,847 224,904
Page 1
Page 2
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
Mr Malcolm Keys
Director
Mr James Dobson
Director
13/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pig Innovation Centre Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI059524 . The registered office is 14 Kirby's Lane, Muckamore, ANTRIM, Co. Antrim, BT41 4PP.
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:
Leasehold Straight line over the life of the lease
Plant & Machinery 5%% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 33% straight line
2.4. 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: 7 (2024: 7)
7 7
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 119,836 1,302,152 9,000 34,973 1,465,961
Additions - 700 - - 700
As at 31 March 2025 119,836 1,302,852 9,000 34,973 1,466,661
Depreciation
As at 1 April 2024 46,504 995,713 9,000 34,973 1,086,190
Provided during the period - 60,000 - - 60,000
As at 31 March 2025 46,504 1,055,713 9,000 34,973 1,146,190
Net Book Value
As at 31 March 2025 73,332 247,139 - - 320,471
As at 1 April 2024 73,332 306,439 - - 379,771
5. Stocks
2025 2024
£ £
Stock 221,055 298,489
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 84,315 30,793
Prepayments and accrued income 7,833 25,343
Deferred tax current asset 19,079 19,079
VAT 30,522 9,142
141,749 84,357
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 152,874 507,262
Bank loans and overdrafts 35,000 35,000
Other taxes and social security 3,950 2,213
Other creditors 932 1,355
Accruals and deferred income 40,084 118,407
Amounts owed to related parties 396,966 21,966
629,806 686,203
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 49,583 84,583
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
Page 5