Acorah Software Products - Accounts Production 15.0.400 false true true false 17 November 2022 30 November 2023 30 November 2023 14491048 Mr Julian Lloyd Evans Mr Christian Cannon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14491048 2022-11-16 14491048 2023-11-30 14491048 2022-11-17 2023-11-30 14491048 frs-core:CurrentFinancialInstruments 2023-11-30 14491048 frs-core:Non-currentFinancialInstruments 2023-11-30 14491048 frs-core:ComputerEquipment 2023-11-30 14491048 frs-core:ComputerEquipment 2022-11-17 2023-11-30 14491048 frs-core:ComputerEquipment 2022-11-16 14491048 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-30 14491048 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-11-17 2023-11-30 14491048 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-11-16 14491048 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-17 2023-11-30 14491048 frs-core:SharePremium 2023-11-30 14491048 frs-core:ShareCapital 2023-11-30 14491048 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14491048 frs-bus:PrivateLimitedCompanyLtd 2022-11-17 2023-11-30 14491048 frs-bus:FilletedAccounts 2022-11-17 2023-11-30 14491048 frs-bus:SmallEntities 2022-11-17 2023-11-30 14491048 frs-bus:AuditExempt-NoAccountantsReport 2022-11-17 2023-11-30 14491048 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-17 2023-11-30 14491048 frs-bus:Director1 2022-11-17 2023-11-30 14491048 frs-bus:Director2 2022-11-17 2023-11-30 14491048 frs-countries:EnglandWales 2022-11-17 2023-11-30
Registered number: 14491048
Engage Media Group Ltd
Unaudited Financial Statements
For the Period 17 November 2022 to 30 November 2023
EAM London Limited
Chartered Tax Accountants
215-221 Borough High Street
London
SE1 1JA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14491048
30 November 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 9,533
Tangible Assets 5 805
10,338
CURRENT ASSETS
Debtors 6 194,852
Cash at bank and in hand 84,989
279,841
Creditors: Amounts Falling Due Within One Year 7 (81,365 )
NET CURRENT ASSETS (LIABILITIES) 198,476
TOTAL ASSETS LESS CURRENT LIABILITIES 208,814
Creditors: Amounts Falling Due After More Than One Year 8 (166,045 )
NET ASSETS 42,769
CAPITAL AND RESERVES
Called up share capital 9 20
Share premium account 234,980
Profit and Loss Account (192,231 )
SHAREHOLDERS' FUNDS 42,769
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For the period ending 30 November 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 Christian Cannon
Director
14/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Engage Media Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14491048 . The registered office is C/O Eam London Ltd, 215-221 Borough High Street, London, SE1 1JA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are website content. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. 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:
Computer Equipment 33.33% Straight Line
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
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4. Intangible Assets
Intellectual Property
£
Cost
As at 17 November 2022 -
Additions 10,000
As at 30 November 2023 10,000
Amortisation
As at 17 November 2022 -
Provided during the period 467
As at 30 November 2023 467
Net Book Value
As at 30 November 2023 9,533
As at 17 November 2022 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 17 November 2022 -
Additions 946
As at 30 November 2023 946
Depreciation
As at 17 November 2022 -
Provided during the period 141
As at 30 November 2023 141
Net Book Value
As at 30 November 2023 805
As at 17 November 2022 -
6. Debtors
30 November 2023
£
Due within one year
Trade debtors 193,827
Other debtors 1,025
194,852
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7. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors 52,344
Other creditors 7,635
Taxation and social security 21,386
81,365
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2023
£
Other loans 166,045
9. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 20
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