Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 4817554 Mr MIKE SIMKINS Mrs Lisa Simkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4817554 2022-07-31 4817554 2023-07-31 4817554 2022-08-01 2023-07-31 4817554 frs-core:CurrentFinancialInstruments 2023-07-31 4817554 frs-core:ComputerEquipment 2023-07-31 4817554 frs-core:ComputerEquipment 2022-08-01 2023-07-31 4817554 frs-core:ComputerEquipment 2022-07-31 4817554 frs-core:FurnitureFittings 2023-07-31 4817554 frs-core:FurnitureFittings 2022-08-01 2023-07-31 4817554 frs-core:FurnitureFittings 2022-07-31 4817554 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 4817554 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 4817554 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 4817554 frs-core:PlantMachinery 2023-07-31 4817554 frs-core:PlantMachinery 2022-08-01 2023-07-31 4817554 frs-core:PlantMachinery 2022-07-31 4817554 frs-core:ShareCapital 2023-07-31 4817554 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 4817554 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 4817554 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 4817554 frs-bus:SmallEntities 2022-08-01 2023-07-31 4817554 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 4817554 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 4817554 frs-bus:Director1 2022-08-01 2023-07-31 4817554 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 4817554 frs-countries:EnglandWales 2022-08-01 2023-07-31 4817554 2021-07-31 4817554 2022-07-31 4817554 2021-08-01 2022-07-31 4817554 frs-core:CurrentFinancialInstruments 2022-07-31 4817554 frs-core:ShareCapital 2022-07-31 4817554 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 4817554
ATTICA RECORDS LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2023
PETER BROWN ACCOUNTANTS
A.F.A.
Kirks Folly, Church Road
Stanton upon hine Heath
Shrewsbury
Shropshire
SY4 4NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 4817554
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,073 10,848
22,073 10,848
CURRENT ASSETS
Debtors 5 996 -
Cash at bank and in hand 2,226 1,962
3,222 1,962
Creditors: Amounts Falling Due Within One Year 6 (142,371 ) (123,593 )
NET CURRENT ASSETS (LIABILITIES) (139,149 ) (121,631 )
TOTAL ASSETS LESS CURRENT LIABILITIES (117,076 ) (110,783 )
NET LIABILITIES (117,076 ) (110,783 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (117,176 ) (110,883 )
SHAREHOLDERS' FUNDS (117,076) (110,783)
Page 1
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 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 MIKE SIMKINS
Director
15/04/2024
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
ATTICA RECORDS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 4817554 . The registered office is Brook House, Crosemere Lane, Cockshutt, Shropshire, SY12 0JR.
2. Accounting Policies
2.1. 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.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Studio Construction 25%Reducing Balance Basis
Recording Equipment 25% Reducing Balance Basis
Office Equipment 25% Reducing Balance Basis
Software 25% Reducing Balance Basis
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
4. Tangible Assets
Land & Property
Studio Construction Recording Equipment Office Equipment Software Total
£ £ £ £ £
Cost
As at 1 August 2022 - 43,459 - 12,025 55,484
Additions 6,017 9,464 224 798 16,503
As at 31 July 2023 6,017 52,923 224 12,823 71,987
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 - 34,642 - 9,994 44,636
Provided during the period - 4,570 - 708 5,278
As at 31 July 2023 - 39,212 - 10,702 49,914
Net Book Value
As at 31 July 2023 6,017 13,711 224 2,121 22,073
As at 1 August 2022 - 8,817 - 2,031 10,848
5. Debtors
2023 2022
£ £
Due within one year
VAT 996 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT - 173
Accruals and deferred income 620 500
Director's loan account 141,751 122,920
142,371 123,593
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4