Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11138254 Mr Benjamin Byrne Mr Timothy Hardy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11138254 2023-01-31 11138254 2024-01-31 11138254 2023-02-01 2024-01-31 11138254 frs-core:CurrentFinancialInstruments 2024-01-31 11138254 frs-core:ComputerEquipment 2024-01-31 11138254 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11138254 frs-core:ComputerEquipment 2023-01-31 11138254 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 11138254 frs-core:MotorVehicles 2024-01-31 11138254 frs-core:MotorVehicles 2023-02-01 2024-01-31 11138254 frs-core:MotorVehicles 2023-01-31 11138254 frs-core:OtherResidualIntangibleAssets 2024-01-31 11138254 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 11138254 frs-core:OtherResidualIntangibleAssets 2023-01-31 11138254 frs-core:ShareCapital 2024-01-31 11138254 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11138254 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11138254 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11138254 frs-bus:SmallEntities 2023-02-01 2024-01-31 11138254 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11138254 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11138254 frs-bus:Director1 2023-02-01 2024-01-31 11138254 frs-bus:Director2 2023-02-01 2024-01-31 11138254 frs-core:CurrentFinancialInstruments 1 2024-01-31 11138254 frs-core:CurrentFinancialInstruments 2 2024-01-31 11138254 frs-countries:EnglandWales 2023-02-01 2024-01-31 11138254 2022-01-31 11138254 2023-01-31 11138254 2022-02-01 2023-01-31 11138254 frs-core:CurrentFinancialInstruments 2023-01-31 11138254 frs-core:ShareCapital 2023-01-31 11138254 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 11138254 frs-core:CurrentFinancialInstruments 1 2023-01-31 11138254 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 11138254
Entertainment Works International Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11138254
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 121,606 69,046
Tangible Assets 5 20,277 23,523
141,883 92,569
CURRENT ASSETS
Debtors 6 291,764 122,060
Cash at bank and in hand 317,991 316,712
609,755 438,772
Creditors: Amounts Falling Due Within One Year 7 (431,898 ) (305,078 )
NET CURRENT ASSETS (LIABILITIES) 177,857 133,694
TOTAL ASSETS LESS CURRENT LIABILITIES 319,740 226,263
NET ASSETS 319,740 226,263
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 319,739 226,262
SHAREHOLDERS' FUNDS 319,740 226,263
Page 1
Page 2
For the year ending 31 January 2024 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
Mr Benjamin Byrne
Director
Mr Timothy Hardy
Director
15/03/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Entertainment Works International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11138254 . The registered office is 2nd Floor College House, King Edwards Road, Ruislip, London, HA4 7AE.
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.
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 - Other Intangible
Other intangible assets relate to the deisgn and build of a web based platform. This is amortised to income statement over its estimated economic life of 10 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:
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 11)
10 11
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 78,340
Additions 66,071
As at 31 January 2024 144,411
Amortisation
As at 1 February 2023 9,294
Provided during the period 13,511
As at 31 January 2024 22,805
Net Book Value
As at 31 January 2024 121,606
As at 1 February 2023 69,046
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 54,452 822 55,274
Additions - 4,132 4,132
As at 31 January 2024 54,452 4,954 59,406
Depreciation
As at 1 February 2023 31,480 271 31,751
Provided during the period 5,743 1,635 7,378
As at 31 January 2024 37,223 1,906 39,129
Net Book Value
As at 31 January 2024 17,229 3,048 20,277
As at 1 February 2023 22,972 551 23,523
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 287,620 116,432
Other debtors - 3,765
VAT 130 -
Other taxes and social security 4,014 1,863
291,764 122,060
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 21,159 28,322
Corporation tax 83,123 66,740
VAT - 275
Tim's Control Account 299,580 188,438
E-Work Inc Control Account 31,469 20,082
Other creditors (2) (4,420 ) 52
Accruals and deferred income 830 830
Directors' loan accounts 157 338
431,898 305,078
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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