Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10106210 Mr Niel Fox Mr Niel Fox true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10106210 2023-04-30 10106210 2024-04-30 10106210 2023-05-01 2024-04-30 10106210 frs-core:CurrentFinancialInstruments 2024-04-30 10106210 frs-core:Non-currentFinancialInstruments 2024-04-30 10106210 frs-core:ComputerEquipment 2024-04-30 10106210 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10106210 frs-core:ComputerEquipment 2023-04-30 10106210 frs-core:FurnitureFittings 2024-04-30 10106210 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10106210 frs-core:FurnitureFittings 2023-04-30 10106210 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 10106210 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 10106210 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 10106210 frs-core:ShareCapital 2024-04-30 10106210 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10106210 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10106210 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10106210 frs-bus:SmallEntities 2023-05-01 2024-04-30 10106210 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10106210 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10106210 1 2023-05-01 2024-04-30 10106210 frs-bus:Director1 2023-05-01 2024-04-30 10106210 frs-core:CurrentFinancialInstruments 1 2024-04-30 10106210 frs-core:CurrentFinancialInstruments 2 2024-04-30 10106210 frs-countries:EnglandWales 2023-05-01 2024-04-30 10106210 2022-04-30 10106210 2023-04-30 10106210 2022-05-01 2023-04-30 10106210 frs-core:CurrentFinancialInstruments 2023-04-30 10106210 frs-core:Non-currentFinancialInstruments 2023-04-30 10106210 frs-core:ShareCapital 2023-04-30 10106210 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10106210 frs-core:CurrentFinancialInstruments 1 2023-04-30 10106210 frs-core:CurrentFinancialInstruments 2 2023-04-30
Registered number: 10106210
Based On A True Story Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Pennywise Accounting ltd
ICAEW
Dickhurst House
Rodgate Lane
Haslemere
Surrey
GU27 2EW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10106210
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,637 15,652
16,637 15,652
CURRENT ASSETS
Debtors 5 203,545 473,744
Cash at bank and in hand 938,281 1,309,733
1,141,826 1,783,477
Creditors: Amounts Falling Due Within One Year 6 (190,390 ) (199,530 )
NET CURRENT ASSETS (LIABILITIES) 951,436 1,583,947
TOTAL ASSETS LESS CURRENT LIABILITIES 968,073 1,599,599
Creditors: Amounts Falling Due After More Than One Year 7 (256,666 ) (926,695 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (5,352 ) (2,974 )
NET ASSETS 706,055 669,930
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 706,054 669,929
SHAREHOLDERS' FUNDS 706,055 669,930
Page 1
Page 2
For the year ending 30 April 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 Niel Fox
Director
9th August 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
Based On A True Story Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10106210 . The registered office is 8a Lonsdale Road, London, NW6 6RD.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax under the Tour Operator Margin Scheme 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:
Leasehold on a straight line basis over 5 years
Fixtures & Fittings on a straight line basis over 5 years
Computer Equipment on a straight line basis over 3 years
2.4. 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.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. 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
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 6,325 20,594 34,665 61,584
Additions - 2,479 7,032 9,511
As at 30 April 2024 6,325 23,073 41,697 71,095
Depreciation
As at 1 May 2023 4,533 18,724 22,675 45,932
Provided during the period 1,265 721 6,540 8,526
As at 30 April 2024 5,798 19,445 29,215 54,458
...CONTINUED
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Net Book Value
As at 30 April 2024 527 3,628 12,482 16,637
As at 1 May 2023 1,792 1,870 11,990 15,652
Tangible fixed assets comprise computer equipment and office furniture.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,904 107,154
Prepayments and accrued income 179,824 354,123
Other debtors (1) 2,337 2,898
Other debtors (2) 2,406 -
VAT 11,074 9,295
Net wages - 274
203,545 473,744
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,749 90,001
Corporation tax 26,699 43,789
Other taxes and social security 8,526 6,280
Other creditors 14,598 13,482
Accruals and deferred income 35,818 (4,022 )
Director's loan account 50,000 50,000
190,390 199,530
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 256,666 926,695
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,352 2,974
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Niel Fox by virtue of his ownership of 100% of the issued share capital in the company.
Page 4