Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10272017 Mr Daniele Rispoli Mr Pawel Sikorski iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10272017 2022-07-31 10272017 2023-07-31 10272017 2022-08-01 2023-07-31 10272017 frs-core:CurrentFinancialInstruments 2023-07-31 10272017 frs-core:Non-currentFinancialInstruments 2023-07-31 10272017 frs-core:ComputerEquipment 2023-07-31 10272017 frs-core:ComputerEquipment 2022-08-01 2023-07-31 10272017 frs-core:ComputerEquipment 2022-07-31 10272017 frs-core:FurnitureFittings 2023-07-31 10272017 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10272017 frs-core:FurnitureFittings 2022-07-31 10272017 frs-core:PlantMachinery 2023-07-31 10272017 frs-core:PlantMachinery 2022-08-01 2023-07-31 10272017 frs-core:PlantMachinery 2022-07-31 10272017 frs-core:ShareCapital 2023-07-31 10272017 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10272017 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10272017 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10272017 frs-bus:SmallEntities 2022-08-01 2023-07-31 10272017 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10272017 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10272017 frs-bus:Director1 2022-08-01 2023-07-31 10272017 frs-bus:Director2 2022-08-01 2023-07-31 10272017 frs-countries:EnglandWales 2022-08-01 2023-07-31 10272017 2021-07-31 10272017 2022-07-31 10272017 2021-08-01 2022-07-31 10272017 frs-core:CurrentFinancialInstruments 2022-07-31 10272017 frs-core:Non-currentFinancialInstruments 2022-07-31 10272017 frs-core:ShareCapital 2022-07-31 10272017 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10272017
Equal Productions Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Anchor Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10272017
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,235 4,313
3,235 4,313
CURRENT ASSETS
Stocks 5 1,825 1,175
Debtors 6 3,076 3,650
Cash at bank and in hand 50 145
4,951 4,970
Creditors: Amounts Falling Due Within One Year 7 (62,283 ) (38,363 )
NET CURRENT ASSETS (LIABILITIES) (57,332 ) (33,393 )
TOTAL ASSETS LESS CURRENT LIABILITIES (54,097 ) (29,080 )
Creditors: Amounts Falling Due After More Than One Year 8 (44,480 ) (49,221 )
NET LIABILITIES (98,577 ) (78,301 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (99,577 ) (79,301 )
SHAREHOLDERS' FUNDS (98,577) (78,301)
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 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
Mr Daniele Rispoli
Director
Mr Pawel Sikorski
Director
19/04/2024
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
Equal Productions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10272017 . The registered office is 15 Southwood Smith House, Florida Street, London, E2 6ND.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate as the directors have confirmed their commitment to supporting the ongoing operations of the company for the foreseeable future.
2.3. 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.
2.4. 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:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on reducing balance
2.5. 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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 8,442 4,326 13,463 26,231
As at 31 July 2023 8,442 4,326 13,463 26,231
Depreciation
As at 1 August 2022 5,561 2,895 13,462 21,918
Provided during the period 720 358 - 1,078
As at 31 July 2023 6,281 3,253 13,462 22,996
Net Book Value
As at 31 July 2023 2,161 1,073 1 3,235
As at 1 August 2022 2,881 1,431 1 4,313
5. Stocks
2023 2022
£ £
Work in progress 1,825 1,175
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 3,076 3,650
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 21,414 14,399
Other creditors 7,867 2,972
Taxation and social security 33,002 20,992
62,283 38,363
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans more 5 yr by instal 44,480 49,221
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
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