Acorah Software Products - Accounts Production 15.0.400 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12129731 Mr Joshua Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12129731 2022-07-31 12129731 2023-07-31 12129731 2022-08-01 2023-07-31 12129731 frs-core:Non-currentFinancialInstruments 2023-07-31 12129731 frs-core:ShareCapital 2023-07-31 12129731 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12129731 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12129731 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 12129731 frs-bus:SmallEntities 2022-08-01 2023-07-31 12129731 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12129731 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12129731 frs-bus:Director1 2022-08-01 2023-07-31 12129731 frs-countries:EnglandWales 2022-08-01 2023-07-31 12129731 2021-07-31 12129731 2022-07-31 12129731 2021-08-01 2022-07-31 12129731 frs-core:Non-currentFinancialInstruments 2022-07-31 12129731 frs-core:ShareCapital 2022-07-31 12129731 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12129731
BORN ARTISTS LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 12129731
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 78,477 80,496
Cash at bank and in hand 5,900 11,446
84,377 91,942
Creditors: Amounts Falling Due Within One Year (68,215 ) (78,688 )
NET CURRENT ASSETS (LIABILITIES) 16,162 13,254
TOTAL ASSETS LESS CURRENT LIABILITIES 16,162 13,254
Creditors: Amounts Falling Due After More Than One Year - (9,914 )
NET ASSETS 16,162 3,340
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 16,161 3,339
SHAREHOLDERS' FUNDS 16,162 3,340
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Joshua Williams
Director
24/07/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
BORN ARTISTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12129731 . The registered office is 6 Gad Close, London, E13 0BD.
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. The financial statements are prepared in sterling, which is the functional
currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to
adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned 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.
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed. 
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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 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: 2 (2022: 1)
2 1
4. Debtors
2023 2022
£ £
Due after more than one year
Other debtors 63,477 -
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 3