Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 10409602 Mrs Julie Jones Mr Gavin Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10409602 2022-10-31 10409602 2023-10-31 10409602 2022-11-01 2023-10-31 10409602 frs-core:CurrentFinancialInstruments 2023-10-31 10409602 frs-core:Non-currentFinancialInstruments 2023-10-31 10409602 frs-core:BetweenOneFiveYears 2023-10-31 10409602 frs-core:ComputerEquipment 2023-10-31 10409602 frs-core:ComputerEquipment 2022-11-01 2023-10-31 10409602 frs-core:ComputerEquipment 2022-10-31 10409602 frs-core:FurnitureFittings 2023-10-31 10409602 frs-core:FurnitureFittings 2022-11-01 2023-10-31 10409602 frs-core:FurnitureFittings 2022-10-31 10409602 frs-core:MotorVehicles 2023-10-31 10409602 frs-core:MotorVehicles 2022-11-01 2023-10-31 10409602 frs-core:MotorVehicles 2022-10-31 10409602 frs-core:PlantMachinery 2023-10-31 10409602 frs-core:PlantMachinery 2022-11-01 2023-10-31 10409602 frs-core:PlantMachinery 2022-10-31 10409602 frs-core:WithinOneYear 2023-10-31 10409602 frs-core:ShareCapital 2023-10-31 10409602 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10409602 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10409602 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10409602 frs-bus:SmallEntities 2022-11-01 2023-10-31 10409602 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10409602 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10409602 frs-bus:Director1 2022-11-01 2023-10-31 10409602 frs-bus:Director2 2022-11-01 2023-10-31 10409602 frs-countries:EnglandWales 2022-11-01 2023-10-31 10409602 2021-10-31 10409602 2022-10-31 10409602 2021-11-01 2022-10-31 10409602 frs-core:CurrentFinancialInstruments 2022-10-31 10409602 frs-core:Non-currentFinancialInstruments 2022-10-31 10409602 frs-core:BetweenOneFiveYears 2022-10-31 10409602 frs-core:WithinOneYear 2022-10-31 10409602 frs-core:ShareCapital 2022-10-31 10409602 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 10409602
Immersive3D Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10409602
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,500 45,965
43,500 45,965
CURRENT ASSETS
Stocks 5 39,901 -
Debtors 6 86,485 118,396
Cash at bank and in hand 20,426 3,092
146,812 121,488
Creditors: Amounts Falling Due Within One Year 7 (148,360 ) (120,625 )
NET CURRENT ASSETS (LIABILITIES) (1,548 ) 863
TOTAL ASSETS LESS CURRENT LIABILITIES 41,952 46,828
Creditors: Amounts Falling Due After More Than One Year 8 (32,952 ) (42,775 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,700 ) (3,606 )
NET ASSETS 300 447
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 200 347
SHAREHOLDERS' FUNDS 300 447
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Page 2
For the year ending 31 October 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 Gavin Jones
Director
29/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Immersive3D Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10409602 . The registered office is 6 Ryecroft, Longfield Hill, Longfield, Kent, DA3 7AU.
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.
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 15% WDV
Motor Vehicles 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 835 33,103 - 23,985 57,923
Additions 389 - 1,017 3,806 5,212
As at 31 October 2023 1,224 33,103 1,017 27,791 63,135
Depreciation
As at 1 November 2022 126 4,990 - 6,842 11,958
Provided during the period 165 4,217 152 3,143 7,677
As at 31 October 2023 291 9,207 152 9,985 19,635
Net Book Value
As at 31 October 2023 933 23,896 865 17,806 43,500
As at 1 November 2022 709 28,113 - 17,143 45,965
5. Stocks
2023 2022
£ £
Work in progress 39,901 -
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,432 58,792
Other debtors 32 192
Directors' loan accounts 76,021 59,412
86,485 118,396
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,582 6,582
Trade creditors 39,081 53,189
Bank loans and overdrafts 6,240 6,240
Corporation tax 48,614 34,411
Other taxes and social security 526 89
VAT 37,205 19,156
Other creditors 10,112 958
148,360 120,625
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 17,552 24,135
Bank loans 15,400 18,640
32,952 42,775
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,582 6,582
Later than one year and not later than five years 17,552 24,135
24,134 30,717
24,134 30,717
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr G Jones totalling £76,021 (2022 - £59,412), no interest is to be charged.
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