Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04171240 Mr Jonathan Ross Mrs Jane Ross Mr Jonathan Ross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04171240 2022-12-31 04171240 2023-12-31 04171240 2023-01-01 2023-12-31 04171240 frs-core:CurrentFinancialInstruments 2023-12-31 04171240 frs-core:ComputerEquipment 2023-12-31 04171240 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04171240 frs-core:ComputerEquipment 2022-12-31 04171240 frs-core:FurnitureFittings 2023-12-31 04171240 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04171240 frs-core:FurnitureFittings 2022-12-31 04171240 frs-core:ShareCapital 2023-12-31 04171240 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04171240 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04171240 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04171240 frs-bus:SmallEntities 2023-01-01 2023-12-31 04171240 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04171240 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04171240 frs-bus:Director1 2023-01-01 2023-12-31 04171240 frs-bus:Director2 2023-01-01 2023-12-31 04171240 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04171240 frs-core:CurrentFinancialInstruments 2 2023-12-31 04171240 frs-core:CurrentFinancialInstruments 3 2023-12-31 04171240 frs-core:CurrentFinancialInstruments 4 2023-12-31 04171240 frs-countries:EnglandWales 2023-01-01 2023-12-31 04171240 2021-12-31 04171240 2022-12-31 04171240 2022-01-01 2022-12-31 04171240 frs-core:CurrentFinancialInstruments 2022-12-31 04171240 frs-core:ShareCapital 2022-12-31 04171240 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 04171240 frs-core:CurrentFinancialInstruments 2 2022-12-31 04171240 frs-core:CurrentFinancialInstruments 3 2022-12-31 04171240 frs-core:CurrentFinancialInstruments 4 2022-12-31
Registered number: 04171240
Hot Sauce T.V. Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04171240
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,559 8,799
58,559 8,799
CURRENT ASSETS
Debtors 5 610,299 991,233
Cash at bank and in hand 625,266 889,130
1,235,565 1,880,363
Creditors: Amounts Falling Due Within One Year 6 (915,219 ) (1,616,645 )
NET CURRENT ASSETS (LIABILITIES) 320,346 263,718
TOTAL ASSETS LESS CURRENT LIABILITIES 378,905 272,517
NET ASSETS 378,905 272,517
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 378,903 272,515
SHAREHOLDERS' FUNDS 378,905 272,517
Page 1
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For the year ending 31 December 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 Jonathan Ross
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hot Sauce T.V. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04171240 . The registered office is 2 - 6 Rainsford Street, London, W2 1PY.
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 represents amounts receivable for television production work and is recognised on a straight line basis spread equally over the life of the production.
Distribution and Royalty income is recognised in the period to which it relates.
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:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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 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 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 assets reflect 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: 10 (2022: 9)
10 9
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 10,976 28,565 39,541
Additions 51,960 - 51,960
As at 31 December 2023 62,936 28,565 91,501
Depreciation
As at 1 January 2023 6,345 24,397 30,742
Provided during the period 1,158 1,042 2,200
As at 31 December 2023 7,503 25,439 32,942
Net Book Value
As at 31 December 2023 55,433 3,126 58,559
As at 1 January 2023 4,631 4,168 8,799
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 525,559 858,436
Prepayments and accrued income 84,740 115,685
Other debtors - 17,112
610,299 991,233
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 161,944 94,061
Corporation tax 73,703 115,810
Other taxes and social security 20,242 22,552
VAT 37,624 269,443
Credit card - 2,832
Pension creditor 2,274 2,295
Other creditor 23 -
Inter company loan 321,748 230,007
Accruals and deferred income 52,467 860,649
Directors' loan accounts 245,194 18,996
915,219 1,616,645
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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