Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08106140 Mrs Sophia Folkes Mrs Ann Grier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08106140 2022-12-31 08106140 2023-12-31 08106140 2023-01-01 2023-12-31 08106140 frs-core:CurrentFinancialInstruments 2023-12-31 08106140 frs-core:Non-currentFinancialInstruments 2023-12-31 08106140 frs-core:ComputerEquipment 2023-12-31 08106140 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08106140 frs-core:ComputerEquipment 2022-12-31 08106140 frs-core:ShareCapital 2023-12-31 08106140 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08106140 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08106140 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08106140 frs-bus:SmallEntities 2023-01-01 2023-12-31 08106140 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08106140 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08106140 frs-bus:Director1 2023-01-01 2023-12-31 08106140 frs-bus:Director1 2022-12-31 08106140 frs-bus:Director1 2023-12-31 08106140 frs-bus:Director2 2023-01-01 2023-12-31 08106140 frs-bus:Director2 2022-12-31 08106140 frs-bus:Director2 2023-12-31 08106140 frs-countries:EnglandWales 2023-01-01 2023-12-31 08106140 2021-12-31 08106140 2022-12-31 08106140 2022-01-01 2022-12-31 08106140 frs-core:CurrentFinancialInstruments 2022-12-31 08106140 frs-core:Non-currentFinancialInstruments 2022-12-31 08106140 frs-core:ShareCapital 2022-12-31 08106140 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08106140
Herefordshire Media Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Indigo Green Accountants Limited
Chartered Accountants
The Boar Shed
Shirlheath
Kingsland
Herefordshire
HR6 9RJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08106140
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,899 22,996
16,899 22,996
CURRENT ASSETS
Debtors 5 82,748 68,256
Cash at bank and in hand 63,303 74,986
146,051 143,242
Creditors: Amounts Falling Due Within One Year 6 (114,584 ) (118,982 )
NET CURRENT ASSETS (LIABILITIES) 31,467 24,260
TOTAL ASSETS LESS CURRENT LIABILITIES 48,366 47,256
Creditors: Amounts Falling Due After More Than One Year 7 (14,806 ) (25,133 )
NET ASSETS 33,560 22,123
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 33,460 22,023
SHAREHOLDERS' FUNDS 33,560 22,123
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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
Mrs Sophia Folkes
Director
Mrs Ann Grier
Director
20 August 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Herefordshire Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08106140 . The registered office is Office 1 Priory Farm, Stoke Prior, Leominster, Herefordshire, HR6 0ND.
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 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.
2.3. 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:
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other operating expenses.

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in nonconvertible preference and non puttable orrdinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially recorded at cost andthereafter at fair value with changes recognised in profit or loss.

Directors loans are recognised at transaction price.
2.7. 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.
2.8. 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.
2.9. 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.
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2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.11. 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: 10 (2022: 14)
10 14
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 44,161
Additions 3,545
As at 31 December 2023 47,706
Depreciation
As at 1 January 2023 21,165
Provided during the period 9,642
As at 31 December 2023 30,807
Net Book Value
As at 31 December 2023 16,899
As at 1 January 2023 22,996
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 81,595 67,097
Prepayments and accrued income 1,026 908
Other taxes and social security - 190
Directors' loan accounts 127 61
82,748 68,256
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,846 4,801
Bank loans and overdrafts 10,140 9,890
Corporation tax 48,998 38,027
Other taxes and social security 5,698 -
VAT 41,266 51,238
Other creditors 2,257 14,409
Accruals and deferred income 379 617
114,584 118,982
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,806 24,946
Accruals and deferred income - 187
14,806 25,133
Included within Accruals and deferred income is a capital grant amounting to £187 (2022: £636).
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mrs Sophia Folkes - 759 751 - 8
Mrs Ann Grier 61 58 - - 119
The above loans are unsecured, interest free and repayable on demand.
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