Acorah Software Products - Accounts Production 19.3.550 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 03864547 Mrs J M Ferland Mr M Joseph iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03864547 2024-10-31 03864547 2025-10-31 03864547 2024-11-01 2025-10-31 03864547 frs-core:CurrentFinancialInstruments 2025-10-31 03864547 frs-core:Non-currentFinancialInstruments 2025-10-31 03864547 frs-core:ComputerEquipment 2025-10-31 03864547 frs-core:ComputerEquipment 2024-11-01 2025-10-31 03864547 frs-core:ComputerEquipment 2024-10-31 03864547 frs-core:FurnitureFittings 2025-10-31 03864547 frs-core:FurnitureFittings 2024-11-01 2025-10-31 03864547 frs-core:FurnitureFittings 2024-10-31 03864547 frs-core:NetGoodwill 2025-10-31 03864547 frs-core:NetGoodwill 2024-11-01 2025-10-31 03864547 frs-core:NetGoodwill 2024-10-31 03864547 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-10-31 03864547 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 03864547 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 03864547 frs-core:MotorVehicles 2025-10-31 03864547 frs-core:MotorVehicles 2024-11-01 2025-10-31 03864547 frs-core:MotorVehicles 2024-10-31 03864547 frs-core:PlantMachinery 2025-10-31 03864547 frs-core:PlantMachinery 2024-11-01 2025-10-31 03864547 frs-core:PlantMachinery 2024-10-31 03864547 frs-core:ShareCapital 2025-10-31 03864547 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 03864547 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 03864547 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 03864547 frs-bus:SmallEntities 2024-11-01 2025-10-31 03864547 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 03864547 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 03864547 frs-bus:Director1 2024-11-01 2025-10-31 03864547 frs-bus:Director2 2024-11-01 2025-10-31 03864547 frs-countries:EnglandWales 2024-11-01 2025-10-31 03864547 2023-10-31 03864547 2024-10-31 03864547 2023-11-01 2024-10-31 03864547 frs-core:CurrentFinancialInstruments 2024-10-31 03864547 frs-core:Non-currentFinancialInstruments 2024-10-31 03864547 frs-core:ShareCapital 2024-10-31 03864547 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 03864547
Pipe Records Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03864547
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 32,277 26,788
32,277 26,788
CURRENT ASSETS
Stocks 6 4,000 3,000
Debtors 7 1,553 1,767
Cash at bank and in hand 20,794 21,266
26,347 26,033
Creditors: Amounts Falling Due Within One Year 8 (20,053 ) (16,851 )
NET CURRENT ASSETS (LIABILITIES) 6,294 9,182
TOTAL ASSETS LESS CURRENT LIABILITIES 38,571 35,970
Creditors: Amounts Falling Due After More Than One Year 9 (23,547 ) (19,467 )
NET ASSETS 15,024 16,503
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 14,924 16,403
SHAREHOLDERS' FUNDS 15,024 16,503
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For the year ending 31 October 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 M Joseph
Director
30/07/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pipe Records Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03864547 . The registered office is 7/8 Raleigh Walk, Waterfront 2000 Brigantine Place, Cardiff, CF10 4LN.
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. 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 profit and loss account over its estimated economic life of .... years.
2.4. 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:
Recording studio 5% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Office equipment 25% on cost
Computer Equipment 33% on cost
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.
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2.6. 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: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 33,000
As at 31 October 2025 33,000
Amortisation
As at 1 November 2024 33,000
As at 31 October 2025 33,000
Net Book Value
As at 31 October 2025 -
As at 1 November 2024 -
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5. Tangible Assets
Land & Property
Recording studio Plant & Machinery Motor Vehicles Office equipment
£ £ £ £
Cost
As at 1 November 2024 16,492 33,705 40,650 4,743
Additions - - 30,093 -
Disposals - - (29,850 ) -
As at 31 October 2025 16,492 33,705 40,893 4,743
Depreciation
As at 1 November 2024 14,084 32,568 17,640 4,743
Provided during the period 824 726 6,745 -
Disposals - - (13,759 ) -
As at 31 October 2025 14,908 33,294 10,626 4,743
Net Book Value
As at 31 October 2025 1,584 411 30,267 -
As at 1 November 2024 2,408 1,137 23,010 -
Computer Equipment Total
£ £
Cost
As at 1 November 2024 20,553 116,143
Additions - 30,093
Disposals - (29,850 )
As at 31 October 2025 20,553 116,386
Depreciation
As at 1 November 2024 20,320 89,355
Provided during the period 218 8,513
Disposals - (13,759 )
As at 31 October 2025 20,538 84,109
Net Book Value
As at 31 October 2025 15 32,277
As at 1 November 2024 233 26,788
6. Stocks
2025 2024
£ £
Stock 4,000 3,000
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,553 1,767
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,023 4,053
Other creditors 2,892 2,705
Taxation and social security 10,138 10,093
20,053 16,851
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 4,000 4,000
Other creditors 19,547 15,467
23,547 19,467
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The company is controlled by Mr M D Joseph who is a director of the company.During the period the director
loaned monies to the company and the balance of these loans at the year end was £362 (2024: £77).
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