Acorah Software Products - Accounts Production 6.7.016 false 1 October 2016 30 September 2017 30 September 2017 10382223 Mr Wojciech Hoja iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10382223 2016-09-30 10382223 2017-09-30 10382223 2016-10-01 2017-09-30 10382223 frs-core:CurrentFinancialInstruments 2017-09-30 10382223 frs-core:CurrentFinancialInstruments 2016-10-01 2017-09-30 10382223 frs-core:Non-currentFinancialInstruments 2017-09-30 10382223 frs-core:Non-currentFinancialInstruments 2016-10-01 2017-09-30 10382223 frs-core:CurrentFinancialInstruments 2016-10-01 2017-09-30 10382223 frs-core:CurrentFinancialInstruments 2017-09-30 10382223 frs-core:AfterOneYear 2016-10-01 2017-09-30 10382223 frs-core:BetweenOneFiveYears 2016-10-01 2017-09-30 10382223 frs-core:BetweenOneFiveYears 2017-09-30 10382223 frs-core:ComputerEquipment 2017-09-30 10382223 frs-core:ComputerEquipment 2016-10-01 2017-09-30 10382223 frs-core:ComputerEquipment 2016-09-30 10382223 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Registered number: 10382223
Polish Cosmetics Distribution Centre UK Limited
Unaudited Financial Statements
For The Year Ended 30 September 2017
Prevail Accountancy Ltd

Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Balance Sheet
Registered number: 10382223
2017
Notes £ £
FIXED ASSETS
Tangible Assets 3 3,892
3,892
CURRENT ASSETS
Stocks 4 5,500
Debtors 5 4,916
Cash at bank and in hand 9,765
20,181
Creditors: Amounts Falling Due Within One Year 6 (28,412 )
NET CURRENT ASSETS (LIABILITIES) (8,231 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,339 )
NET ASSETS (4,339 )
CAPITAL AND RESERVES
Called up share capital 8 50
Profit and Loss Account (4,389 )
SHAREHOLDERS' FUNDS (4,339)
Page 1
For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities
  • 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 Wojciech Hoja
19/02/2018

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles straight line 15%
Computer Equipment straight line 20%
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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 profit and loss account as incurred.
1.5. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
Page 3
3. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 October 2016 - - -
Additions 3,650 800 4,450
As at 30 September 2017 3,650 800 4,450
Depreciation
As at 1 October 2016 - - -
Provided during the period 411 147 558
As at 30 September 2017 411 147 558
Net Book Value
As at 30 September 2017 3,239 653 3,892
As at 1 October 2016 - - -
4. Stocks
2017
£
Stock - finished goods 5,500
5,500
5. Debtors
2017
£
Due within one year
Trade debtors 4,916
4,916
6. Creditors: Amounts Falling Due Within One Year
2017
£
Net obligations under finance lease and hire purchase contracts 420
Trade creditors 5,562
VAT 11,386
Net wages 1,404
Director's loan account 9,640
28,412
Page 4
7. Obligations Under Finance Leases and Hire Purchase
2017
£
The maturity of these amounts is as follows:
Amounts Payable:
Within one year 420
420
420
8. Share Capital
2017
Allotted, Called up and fully paid 50
Value Number 2017
Allotted, called up and fully paid £ £
Ordinary shares 1.000 50 50
9. General Information
Polish Cosmetics Distribution Centre UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10382223. The registered office is 50 Smithfield Road, Market Drayton, TF9 1EN.
Page 5