Acorah Software Products - Accounts Production 14.5.501 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 09085670 Mrs R J Gibson Mr Stephen J Gibson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09085670 2022-06-30 09085670 2023-06-30 09085670 2022-07-01 2023-06-30 09085670 frs-core:CurrentFinancialInstruments 2023-06-30 09085670 frs-core:Non-currentFinancialInstruments 2023-06-30 09085670 frs-core:FurnitureFittings 2023-06-30 09085670 frs-core:FurnitureFittings 2022-07-01 2023-06-30 09085670 frs-core:FurnitureFittings 2022-06-30 09085670 frs-core:PlantMachinery 2023-06-30 09085670 frs-core:PlantMachinery 2022-07-01 2023-06-30 09085670 frs-core:PlantMachinery 2022-06-30 09085670 frs-core:ShareCapital 2023-06-30 09085670 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 09085670 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09085670 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 09085670 frs-bus:SmallEntities 2022-07-01 2023-06-30 09085670 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09085670 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09085670 frs-bus:Director1 2022-07-01 2023-06-30 09085670 frs-bus:Director2 2022-07-01 2023-06-30 09085670 frs-countries:EnglandWales 2022-07-01 2023-06-30 09085670 2021-06-30 09085670 2022-06-30 09085670 2021-07-01 2022-06-30 09085670 frs-core:CurrentFinancialInstruments 2022-06-30 09085670 frs-core:Non-currentFinancialInstruments 2022-06-30 09085670 frs-core:ShareCapital 2022-06-30 09085670 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 09085670
Prospect Studio Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2023
Louis Bookkeeping
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09085670
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,077 666
1,077 666
CURRENT ASSETS
Debtors 5 255 360
Cash at bank and in hand 9,461 6,828
9,716 7,188
Creditors: Amounts Falling Due Within One Year 6 (621 ) (619 )
NET CURRENT ASSETS (LIABILITIES) 9,095 6,569
TOTAL ASSETS LESS CURRENT LIABILITIES 10,172 7,235
Creditors: Amounts Falling Due After More Than One Year 7 (70,376 ) (56,164 )
NET LIABILITIES (60,204 ) (48,929 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (60,214 ) (48,939 )
SHAREHOLDERS' FUNDS (60,204) (48,929)
Page 1
Page 2
For the year ending 30 June 2023 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
Mrs R J Gibson
Director
27/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prospect Studio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09085670 . The registered office is 48 Prospect Street, Reading, Berkshire, RG1 7YG.
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:
Plant & Machinery Straight Line
Fixtures & Fittings Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2022 3,179 - 3,179
Additions 419 457 876
As at 30 June 2023 3,598 457 4,055
Depreciation
As at 1 July 2022 2,513 - 2,513
Provided during the period 351 114 465
As at 30 June 2023 2,864 114 2,978
Net Book Value
As at 30 June 2023 734 343 1,077
As at 1 July 2022 666 - 666
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 360
Other debtors 255 -
255 360
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 (1 )
Accruals and deferred income 620 620
621 619
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 70,376 56,164
70,376 56,164
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 4