Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 March 2024 31 March 2024 11639270 Mr Christopher Michael Miss Shrina Lakhani Ms Jessica Rasmussen Mr David Ranyard Mr Simon Lovell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11639270 2023-12-31 11639270 2024-03-31 11639270 2024-01-01 2024-03-31 11639270 frs-core:CurrentFinancialInstruments 2024-03-31 11639270 frs-core:Non-currentFinancialInstruments 2024-03-31 11639270 frs-core:ComputerEquipment 2024-03-31 11639270 frs-core:ComputerEquipment 2024-01-01 2024-03-31 11639270 frs-core:ComputerEquipment 2023-12-31 11639270 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 11639270 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-03-31 11639270 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 11639270 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 11639270 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-03-31 11639270 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 11639270 frs-core:FurnitureFittings 2024-03-31 11639270 frs-core:FurnitureFittings 2024-01-01 2024-03-31 11639270 frs-core:FurnitureFittings 2023-12-31 11639270 frs-core:NetGoodwill 2024-03-31 11639270 frs-core:NetGoodwill 2024-01-01 2024-03-31 11639270 frs-core:NetGoodwill 2023-12-31 11639270 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-03-31 11639270 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 11639270 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-03-31 11639270 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11639270 frs-core:OtherResidualIntangibleAssets 2024-03-31 11639270 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-03-31 11639270 frs-core:OtherResidualIntangibleAssets 2023-12-31 11639270 frs-core:OtherReservesSubtotal 2024-03-31 11639270 frs-core:SharePremium 2024-03-31 11639270 frs-core:ShareCapital 2024-03-31 11639270 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11639270 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-03-31 11639270 frs-bus:FilletedAccounts 2024-01-01 2024-03-31 11639270 frs-bus:SmallEntities 2024-01-01 2024-03-31 11639270 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-03-31 11639270 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-03-31 11639270 frs-bus:Director1 2024-01-01 2024-03-31 11639270 frs-bus:Director2 2024-01-01 2024-03-31 11639270 frs-bus:Director3 2024-01-01 2024-03-31 11639270 frs-bus:Director4 2024-01-01 2024-03-31 11639270 frs-bus:Director5 2024-01-01 2024-03-31 11639270 frs-core:CurrentFinancialInstruments 2 2024-03-31 11639270 frs-countries:EnglandWales 2024-01-01 2024-03-31 11639270 2022-12-31 11639270 2023-12-31 11639270 2023-01-01 2023-12-31 11639270 frs-core:CurrentFinancialInstruments 2023-12-31 11639270 frs-core:Non-currentFinancialInstruments 2023-12-31 11639270 frs-core:OtherReservesSubtotal 2023-12-31 11639270 frs-core:SharePremium 2023-12-31 11639270 frs-core:ShareCapital 2023-12-31 11639270 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11639270 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 11639270
Sing King Limited
Unaudited Financial Statements
For the Period 1 January 2024 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11639270
31 March 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,050,059 1,987,346
Tangible Assets 5 11,409 12,540
2,061,468 1,999,886
CURRENT ASSETS
Debtors 6 452,839 521,386
Cash at bank and in hand 245,423 148,372
698,262 669,758
Creditors: Amounts Falling Due Within One Year 7 (985,632 ) (917,435 )
NET CURRENT ASSETS (LIABILITIES) (287,370 ) (247,677 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,774,098 1,752,209
Creditors: Amounts Falling Due After More Than One Year 8 (257,294 ) (288,016 )
NET ASSETS 1,516,804 1,464,193
CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium account 613,612 613,612
Other reserves 100,615 100,615
Profit and Loss Account 802,576 749,965
SHAREHOLDERS' FUNDS 1,516,804 1,464,193
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For the period ending 31 March 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 Profit and Loss Account.
On behalf of the board
Mr Christopher Michael
Director
30 July 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
Sing King Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11639270 . The registered office is 87-91 Newman Street, C/O Simons Muirhead & Burton Llp, London, W1T 3EY.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Digital Sound Recordings are measured at cost and amortised on a systematic basis over their useful lives of 10 years.

App assets are measured at cost and amortised on a systematic basis over their useful lifes of 5 years.
2.4. Research and Development
Research and Development costs meeting the relevant recognition criteria are measured at cost and amortised on a systematic basis over their useful lives of 10 years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual Property assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual Property assets are being amortised on a systematic basis over their useful lives of 10 years
2.6. 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:
Leasehold straight line over the term of the lease
Fixtures & Fittings straight line over 4 years
Computer Equipment straight line over 3 years
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
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2.8. 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 year 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 asset reflects 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.
2.9. Share Based Payments
The company recognises the goods or services received or acquired in a share-based payment transaction when it obtains the goods or as the services are received. The company recognises a corresponding increase in equity if the goods or services were received in an equity-settled share-based payment transaction, or a liability if the goods or services were acquired in a cash-settled share-based payment transaction.

3. Average Number of Employees
Average number of employees, including directors, during the period was: 11 (2023: 11)
11 11
4. Intangible Assets
App Digital Sound Recordings Development Costs Intellectual Property Total
£ £ £ £ £
Cost
As at 1 January 2024 935,415 1,145,478 621,544 255,451 2,957,888
Additions 32,019 46,625 99,148 - 177,792
As at 31 March 2024 967,434 1,192,103 720,692 255,451 3,135,680
Amortisation
As at 1 January 2024 352,245 339,726 156,384 122,187 970,542
Provided during the period 60,347 29,815 18,531 6,386 115,079
As at 31 March 2024 412,592 369,541 174,915 128,573 1,085,621
Net Book Value
As at 31 March 2024 554,842 822,562 545,777 126,878 2,050,059
As at 1 January 2024 583,170 805,752 465,160 133,264 1,987,346
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5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 6,759 9,703 8,208 24,670
Additions - 210 - 210
As at 31 March 2024 6,759 9,913 8,208 24,880
Depreciation
As at 1 January 2024 - 6,408 5,722 12,130
Provided during the period 422 609 310 1,341
As at 31 March 2024 422 7,017 6,032 13,471
Net Book Value
As at 31 March 2024 6,337 2,896 2,176 11,409
As at 1 January 2024 6,759 3,295 2,486 12,540
6. Debtors
31 March 2024 31 December 2023
£ £
Due within one year
Prepayments and accrued income 417,438 521,386
VAT 35,401 -
452,839 521,386
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 December 2023
£ £
Trade creditors 90,015 50,000
Corporation tax 346 -
Other taxes and social security 2,900 26,187
VAT - 25,104
Other creditors < 1 year 10,719 12,659
Loans 124,450 118,355
Accruals and deferred income 733,074 661,002
Directors' loan accounts 24,128 24,128
985,632 917,435
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8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 December 2023
£ £
Loans (Long term liabilities - creditors > 1 year) 257,294 288,016
Loans include a £300,000 secured loan with a fixed and floating charge over all assets of the business.
9. Share Capital
31 March 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1 1
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