Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04474767 Mr Christopher Gillett Mr Victor Foster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04474767 2023-03-31 04474767 2024-03-31 04474767 2023-04-01 2024-03-31 04474767 frs-core:CurrentFinancialInstruments 2024-03-31 04474767 frs-core:Non-currentFinancialInstruments 2024-03-31 04474767 frs-core:FurnitureFittings 2024-03-31 04474767 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04474767 frs-core:FurnitureFittings 2023-03-31 04474767 frs-core:MotorVehicles 2024-03-31 04474767 frs-core:MotorVehicles 2023-04-01 2024-03-31 04474767 frs-core:MotorVehicles 2023-03-31 04474767 frs-core:ShareCapital 2024-03-31 04474767 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04474767 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04474767 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04474767 frs-bus:SmallEntities 2023-04-01 2024-03-31 04474767 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04474767 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04474767 frs-bus:Director1 2023-04-01 2024-03-31 04474767 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04474767 frs-countries:EnglandWales 2023-04-01 2024-03-31 04474767 2022-03-31 04474767 2023-03-31 04474767 2022-04-01 2023-03-31 04474767 frs-core:CurrentFinancialInstruments 2023-03-31 04474767 frs-core:Non-currentFinancialInstruments 2023-03-31 04474767 frs-core:ShareCapital 2023-03-31 04474767 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04474767
UMTV Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ABSL
11 Bankside Close
Bexley
DA5 2HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04474767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,004 21,150
8,004 21,150
CURRENT ASSETS
Debtors 5 156,615 7,683
Cash at bank and in hand 90,170 193,995
246,785 201,678
Creditors: Amounts Falling Due Within One Year 6 (76,991 ) (70,594 )
NET CURRENT ASSETS (LIABILITIES) 169,794 131,084
TOTAL ASSETS LESS CURRENT LIABILITIES 177,798 152,234
Creditors: Amounts Falling Due After More Than One Year 7 (15,833 ) -
NET ASSETS 161,965 152,234
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 161,765 152,034
SHAREHOLDERS' FUNDS 161,965 152,234
Page 1
Page 2
For the year 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 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.
On behalf of the board
Mr Christopher Gillett
Director
6th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
UMTV Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04474767 . The registered office is 11 Bankside Close, Bexley, Kent, DA5 2HE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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:
Motor Vehicles 20.0%
Fixtures & Fittings 33.3%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 7 10
7 10
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 33,545 268,055 301,600
Additions - 1,673 1,673
As at 31 March 2024 33,545 269,728 303,273
Depreciation
As at 1 April 2023 33,545 246,905 280,450
Provided during the period - 14,819 14,819
As at 31 March 2024 33,545 261,724 295,269
Net Book Value
As at 31 March 2024 - 8,004 8,004
As at 1 April 2023 - 21,150 21,150
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,615 3,269
Prepayments and accrued income 108,000 -
VAT - 4,414
156,615 7,683
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,399 24,929
Bank loans and overdrafts 10,000 35,833
Corporation tax 5,039 -
Other taxes and social security 3,785 2,380
VAT 8,796 -
Net wages 7,472 -
Accruals and deferred income 1,500 1,400
Director's loan account - 6,052
76,991 70,594
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,833 -
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5