Acorah Software Products - Accounts Production 19.3.550 false true true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 SC405629 Laura Pagan Rebecca Pagan Alan Pagan John Forbes Alan Pagan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC405629 2025-03-31 SC405629 2026-03-31 SC405629 2025-04-01 2026-03-31 SC405629 frs-core:CurrentFinancialInstruments 2026-03-31 SC405629 frs-core:ComputerEquipment 2026-03-31 SC405629 frs-core:ComputerEquipment 2025-04-01 2026-03-31 SC405629 frs-core:ComputerEquipment 2025-03-31 SC405629 frs-core:FurnitureFittings 2026-03-31 SC405629 frs-core:FurnitureFittings 2025-04-01 2026-03-31 SC405629 frs-core:FurnitureFittings 2025-03-31 SC405629 frs-core:NetGoodwill 2026-03-31 SC405629 frs-core:NetGoodwill 2025-04-01 2026-03-31 SC405629 frs-core:NetGoodwill 2025-03-31 SC405629 frs-core:CapitalRedemptionReserve 2026-03-31 SC405629 frs-core:SharePremium 2026-03-31 SC405629 frs-core:ShareCapital 2026-03-31 SC405629 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 SC405629 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC405629 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 SC405629 frs-bus:SmallEntities 2025-04-01 2026-03-31 SC405629 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC405629 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC405629 frs-bus:Director1 2025-04-01 2026-03-31 SC405629 frs-bus:Director2 2025-04-01 2026-03-31 SC405629 frs-bus:Director3 2025-04-01 2026-03-31 SC405629 frs-bus:Director4 2025-04-01 2026-03-31 SC405629 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 SC405629 frs-core:CurrentFinancialInstruments 1 2026-03-31 SC405629 frs-countries:Scotland 2025-04-01 2026-03-31 SC405629 2024-03-31 SC405629 2025-03-31 SC405629 2024-04-01 2025-03-31 SC405629 frs-core:CurrentFinancialInstruments 2025-03-31 SC405629 frs-core:CapitalRedemptionReserve 2025-03-31 SC405629 frs-core:SharePremium 2025-03-31 SC405629 frs-core:ShareCapital 2025-03-31 SC405629 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC405629 frs-core:CurrentFinancialInstruments 1 2025-03-31
Registered number: SC405629
Pagazzi Lighting (Web) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
14 Newton Place
Glasgow
G3 7PY
Pagazzi Lighting (Web) Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
Pagazzi Lighting (Web) Limited
Statement of Financial Position
As At 31 March 2026
Statement of Financial Position
Registered number: SC405629

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 20,000 |  | -
Tangible Assets | 5 |  | 122,280 |  | 25,618
|  |  | 142,280 |  | 25,618
CURRENT ASSETS
Stocks | 6 | 187,678 |  | 22,199 |
Debtors | 7 | 86,666 |  | 281,328 |
Cash at bank and in hand |  | 207,599 |  | 49,309 |
|  | 481,943 |  | 352,836 |
Creditors: Amounts Falling Due Within One Year | 8 | (606,228 ) |  | (474,984 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (124,285 ) |  | (122,148 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 17,995 |  | (96,530 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (10,164 ) |  | (3,425 )
NET ASSETS/(LIABILITIES) |  |  | 7,831 |  | (99,955 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 305 |  | 410
Share premium account |  |  | 105 |  | -
Capital redemption reserve |  |  | 31 |  | -
Income Statement |  |  | 7,390 |  | (100,365 )
SHAREHOLDERS' FUNDS |  |  | 7,831 |  | (99,955)

Page 1
Page 2
Pagazzi Lighting (Web) Limited
Statement of Financial Position (continued)
As At 31 March 2026
For the year ending 31 March 2026 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 Income Statement.
On behalf of the board

Rebecca Pagan Director
15th July 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Pagazzi Lighting (Web) Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Pagazzi Lighting (Web) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC405629 . The registered office is Unit 10, Block 8 Spiersbridge Terrace, Thornliebank, Glasgow, G46 8JH.
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
Taking into consideration results following the year end and directors & shareholders indicating support available to the company, the directors believe the company remains a going concern.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.
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:

Fixtures & Fittings | 25% Reducing Balance
Computer Equipment | 25% on Cost

2.6. 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.
2.7. 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 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.
Page 3
Page 4
Pagazzi Lighting (Web) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2025: 15)
17 15
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 April 2025 | -
Additions | 20,000
As at 31 March 2026 | 20,000
Net Book Value
As at 31 March 2026 | 20,000
As at 1 April 2025 | -

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2025 | - | 56,000 | 56,000
Additions | 105,000 | 1,500 | 106,500
As at 31 March 2026 | 105,000 | 57,500 | 162,500
Depreciation
As at 1 April 2025 | - | 30,382 | 30,382
Provided during the period | 2,188 | 7,650 | 9,838
As at 31 March 2026 | 2,188 | 38,032 | 40,220
Net Book Value
As at 31 March 2026 | 102,812 | 19,468 | 122,280
As at 1 April 2025 | - | 25,618 | 25,618

6. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 187,678 |  | 22,199

Page 4
Page 5
Pagazzi Lighting (Web) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 49,780 |  | 12,667
Prepayments and accrued income | 36,750 |  | 24,807
Other debtors | 136 |  | -
Amounts owed by group undertakings | - |  | 243,854
| 86,666 |  | 281,328

8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 105,605 |  | 86,756
Bank loans and overdrafts | 304,689 |  | 177,155
Other taxes and social security | 7,415 |  | 20,888
VAT | 67,111 |  | 2,898
Other creditors | 115,136 |  | 184,787
Pension Liability | 4,132 |  | -
Accruals and deferred income | 2,140 |  | 2,500
| 606,228 |  | 474,984

9. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 305 |  | 410

10. Related Party Transactions
Pagazzi Lighting Web Ltd recharges a company under common control Pagazzi Lighting Services Ltd for shared marketing costs on an arms length commercial usage basis. Pagazzi Lighting Services Ltd recharged shared costs on a similar basis.
Page 5