Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10573344 Mr David Sturdy Mrs Lucy Sturdy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10573344 2023-01-31 10573344 2024-01-31 10573344 2023-02-01 2024-01-31 10573344 frs-core:CurrentFinancialInstruments 2024-01-31 10573344 frs-core:BetweenOneFiveYears 2024-01-31 10573344 frs-core:ComputerEquipment 2024-01-31 10573344 frs-core:ComputerEquipment 2023-02-01 2024-01-31 10573344 frs-core:ComputerEquipment 2023-01-31 10573344 frs-core:FurnitureFittings 2024-01-31 10573344 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10573344 frs-core:FurnitureFittings 2023-01-31 10573344 frs-core:PlantMachinery 2024-01-31 10573344 frs-core:PlantMachinery 2023-02-01 2024-01-31 10573344 frs-core:PlantMachinery 2023-01-31 10573344 frs-core:WithinOneYear 2024-01-31 10573344 frs-core:ShareCapital 2024-01-31 10573344 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10573344 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10573344 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10573344 frs-bus:SmallEntities 2023-02-01 2024-01-31 10573344 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10573344 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10573344 frs-core:DeferredTaxation 2023-02-01 2024-01-31 10573344 frs-core:DeferredTaxation 2023-01-31 10573344 frs-core:DeferredTaxation 2024-01-31 10573344 frs-bus:Director1 2023-02-01 2024-01-31 10573344 frs-bus:Director1 2023-01-31 10573344 frs-bus:Director1 2024-01-31 10573344 frs-bus:Director2 2023-02-01 2024-01-31 10573344 frs-countries:EnglandWales 2023-02-01 2024-01-31 10573344 2022-01-31 10573344 2023-01-31 10573344 2022-02-01 2023-01-31 10573344 frs-core:CurrentFinancialInstruments 2023-01-31 10573344 frs-core:BetweenOneFiveYears 2023-01-31 10573344 frs-core:WithinOneYear 2023-01-31 10573344 frs-core:ShareCapital 2023-01-31 10573344 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10573344
Disco Creative Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10573344
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,892 5,207
3,892 5,207
CURRENT ASSETS
Debtors 5 52,468 34,406
Cash at bank and in hand 20,280 32,272
72,748 66,678
Creditors: Amounts Falling Due Within One Year 6 (29,752 ) (30,976 )
NET CURRENT ASSETS (LIABILITIES) 42,996 35,702
TOTAL ASSETS LESS CURRENT LIABILITIES 46,888 40,909
PROVISIONS FOR LIABILITIES
Deferred Taxation (788 ) (1,141 )
NET ASSETS 46,100 39,768
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 46,000 39,668
SHAREHOLDERS' FUNDS 46,100 39,768
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For the year ending 31 January 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 David Sturdy
Director
13 August 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
Disco Creative Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10573344 . The registered office is Atelier B1 The Old Brewery, Lodway, Pill, Bristol, BS20 0DH.
The presentation currency of the financial statements is the Pound Sterling (£)
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 the revenue generated from the sale of services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter with a full charge on the year of acquisition.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
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2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 658 1,947 13,710 16,315
Additions - - 3,417 3,417
Disposals - - (1,462 ) (1,462 )
As at 31 January 2024 658 1,947 15,665 18,270
Depreciation
As at 1 February 2023 329 1,245 9,534 11,108
Provided during the period 164 487 3,550 4,201
Disposals - - (931 ) (931 )
As at 31 January 2024 493 1,732 12,153 14,378
...CONTINUED
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Net Book Value
As at 31 January 2024 165 215 3,512 3,892
As at 1 February 2023 329 702 4,176 5,207
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 234 14,420
Other debtors 52,234 19,986
52,468 34,406
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 201 198
Taxation and social security 29,551 30,778
29,752 30,976
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 1,141 1,141
Deferred taxation (353 ) (353 )
Balance at 31 January 2024 788 788
The provision for deferred taxation is made up of accelerated capital allowances.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 2,760 2,760
Later than one year and not later than five years 5,520 8,280
8,280 11,040
10. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the financial year were as follows:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr David Sturdy 19,986 101,219 (68,971 ) - 52,234
Other than movements on the directors' loan accounts with the company, there were no other advances, credits and guarantees with the directors during the accounting period.
The above loan is unsecured, interest free and repayable on demand.
The above loan was repaid on 30th April 2024.
11. Related Party Transactions
The directors, Mr D Sturdy and his wife Mrs L Sturdy, ultimately own the company by virtue of their shareholdings.
During the period, total dividends of £67,700 (2023: £68,639) were paid to the directors.
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