Acorah Software Products - Accounts Production 15.0.500 false true true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 08569682 Ms Rebecca Dobbs Mr Michael Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08569682 2022-06-30 08569682 2023-06-30 08569682 2022-07-01 2023-06-30 08569682 frs-core:CurrentFinancialInstruments 2023-06-30 08569682 frs-core:ComputerEquipment 2022-07-01 2023-06-30 08569682 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-07-01 2023-06-30 08569682 frs-core:OtherResidualIntangibleAssets 2023-06-30 08569682 frs-core:OtherResidualIntangibleAssets 2022-07-01 2023-06-30 08569682 frs-core:OtherResidualIntangibleAssets 2022-06-30 08569682 frs-core:PlantMachinery 2023-06-30 08569682 frs-core:PlantMachinery 2022-07-01 2023-06-30 08569682 frs-core:PlantMachinery 2022-06-30 08569682 frs-core:ShareCapital 2023-06-30 08569682 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 08569682 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08569682 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 08569682 frs-bus:SmallEntities 2022-07-01 2023-06-30 08569682 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08569682 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 08569682 frs-bus:Director1 2022-07-01 2023-06-30 08569682 frs-bus:Director2 2022-07-01 2023-06-30 08569682 frs-countries:EnglandWales 2022-07-01 2023-06-30 08569682 2021-06-30 08569682 2022-06-30 08569682 2021-07-01 2022-06-30 08569682 frs-core:CurrentFinancialInstruments 2022-06-30 08569682 frs-core:ShareCapital 2022-06-30 08569682 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 08569682
Maya Vision International Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08569682
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 30,400 -
Tangible Assets 4 172 343
30,572 343
CURRENT ASSETS
Debtors 5 146,063 151,437
Cash at bank and in hand 355,916 351,504
501,979 502,941
Creditors: Amounts Falling Due Within One Year 6 (367,046 ) (310,054 )
NET CURRENT ASSETS (LIABILITIES) 134,933 192,887
TOTAL ASSETS LESS CURRENT LIABILITIES 165,505 193,230
NET ASSETS 165,505 193,230
CAPITAL AND RESERVES
Called up share capital 7 80 80
Income Statement 165,425 193,150
SHAREHOLDERS' FUNDS 165,505 193,230
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For the year ending 30 June 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 Income Statement.
  • Within Part 15 of the companies Act 2006 and in accordance with FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland. 
The financial statements were approved by the board of directors on 30 July 2024 and were signed on its behalf by:
Ms Rebecca Dobbs
Director
30th 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. Accounting Policies
1.1. Basis of Preparation of Financial Statements
General Information
The company is a private company limited by share capital, incorporation in England and Wales. The registered office is 130 Shaftesbury Avenue, London, W1D 5EU.
The principal activity of the company is TV production services.
Statement of compliance
The financial statements have been prepared 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.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity. 
1.2. Going Concern Disclosure
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
1.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts. Turnover is recognised in the period in which the services are provided at the date at which the company becomes entitled to the income under its contract for services, based on the stage of completion at the period end.
Royalties and residuals are recognised in the period to which the income relates, unless the value of such income cannot be measured reliably. Management fees received or receivable in respect of royalty income collected on behalf of third parties are recognised in the period in which they become due to the third party.
1.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible fixed assets relate to the acquisition of Intellectual Property Rights and is recognised as cost.
Amortisation is provided at a rate calculated to write off the cost of an asset, less estimated residual value, over the expected useful life on the following bases:
Intellectual Property Rights - 20% Straight Line
1.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation.
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:
Computer Equipment 20% Straight Line
1.6. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the oustanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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1.7. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates of prevailing on the reporting period date.
1.8. Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been anacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
1.9. Government Grant
Government grants are recognised in the income statement 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 income statement.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
1.10. Pension Contributions
Pension contributions represent amounts paid under defined contributions schemes and are recognised the income statement on the date of payment.
1.11. Trade debtors and trade creditors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost the effective interest method.
1.12. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
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3. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 July 2022 -
Additions 38,000
As at 30 June 2023 38,000
Amortisation
As at 1 July 2022 -
Provided during the period 7,600
As at 30 June 2023 7,600
Net Book Value
As at 30 June 2023 30,400
As at 1 July 2022 -
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 July 2022 8,100
As at 30 June 2023 8,100
Depreciation
As at 1 July 2022 7,757
Provided during the period 171
As at 30 June 2023 7,928
Net Book Value
As at 30 June 2023 172
As at 1 July 2022 343
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 118 8,000
Prepayments and accrued income 1,413 1,673
Other debtors 141,383 141,764
Corporation tax recoverable assets 2,724 -
VAT 389 -
Net wages 36 -
146,063 151,437
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 148,705 147,120
Other creditors 216,015 153,581
Taxation and social security 2,326 9,353
367,046 310,054
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 80 80
8. Related Party Transactions
Included in other debtors is an amount of £292 (2022: £292) which constitutes an advance to a director. Included in other debtors was an advance of £18 (2022: £18) owed from a previous director of the company.
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