Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 04028576 S C Wallett A N Whitney true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04028576 2022-07-31 04028576 2023-07-31 04028576 2022-08-01 2023-07-31 04028576 frs-core:CurrentFinancialInstruments 2023-07-31 04028576 frs-core:Non-currentFinancialInstruments 2023-07-31 04028576 frs-core:ComputerEquipment 2023-07-31 04028576 frs-core:ComputerEquipment 2022-08-01 2023-07-31 04028576 frs-core:ComputerEquipment 2022-07-31 04028576 frs-core:FurnitureFittings 2023-07-31 04028576 frs-core:FurnitureFittings 2022-08-01 2023-07-31 04028576 frs-core:FurnitureFittings 2022-07-31 04028576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 04028576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04028576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 04028576 frs-core:ShareCapital 2023-07-31 04028576 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04028576 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04028576 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 04028576 frs-bus:SmallEntities 2022-08-01 2023-07-31 04028576 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04028576 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04028576 1 2022-08-01 2023-07-31 04028576 frs-bus:Director1 2022-08-01 2023-07-31 04028576 frs-bus:Director2 2022-08-01 2023-07-31 04028576 frs-countries:EnglandWales 2022-08-01 2023-07-31 04028576 2021-07-31 04028576 2022-07-31 04028576 2021-08-01 2022-07-31 04028576 frs-core:CurrentFinancialInstruments 2022-07-31 04028576 frs-core:Non-currentFinancialInstruments 2022-07-31 04028576 frs-core:ShareCapital 2022-07-31 04028576 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 04028576
Hot Knife Digital Media Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04028576
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 238,958 237,254
238,958 237,254
CURRENT ASSETS
Stocks - 505
Debtors 4 8,033 29,526
Cash at bank and in hand 87,992 81,993
96,025 112,024
Creditors: Amounts Falling Due Within One Year 5 (20,949 ) (31,625 )
NET CURRENT ASSETS (LIABILITIES) 75,076 80,399
TOTAL ASSETS LESS CURRENT LIABILITIES 314,034 317,653
Creditors: Amounts Falling Due After More Than One Year 6 (17,121 ) (19,435 )
NET ASSETS 296,913 298,218
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 296,813 298,118
SHAREHOLDERS' FUNDS 296,913 298,218
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Page 2
For the year ending 31 July 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
S C Wallett
Director
28th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
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.
1.3. 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:
Freehold Freehold property is not depreciated
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
1.4. 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.
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6. Taxation
Income tax expense represents the tax currently payable.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
1.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
3. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 214,557 28,061 90,701 333,319
Additions - - 8,687 8,687
As at 31 July 2023 214,557 28,061 99,388 342,006
...CONTINUED
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Depreciation
As at 1 August 2022 - 28,061 68,004 96,065
Provided during the period - - 6,983 6,983
As at 31 July 2023 - 28,061 74,987 103,048
Net Book Value
As at 31 July 2023 214,557 - 24,401 238,958
As at 1 August 2022 214,557 - 22,697 237,254
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,750 27,846
Other debtors 1,283 1,680
8,033 29,526
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,699 3,499
Bank loans and overdrafts 3,444 3,235
Corporation tax 7,225 15,151
Other taxes and social security 1,425 8,829
Other creditors 156 911
20,949 31,625
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,121 19,435
17,121 19,435
7. Related Party Transactions
During the year, total dividends of £56,400 were paid to the directors (2022: £24,000).
As at 31 July 2023, the company owed the directors £156 (2022: the directors owed the company £742).
8. Ultimate Controlling Party
The company is controlled by the directors.
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