Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC508971 R I Lindsay A C Lindsay M M Stothert A C Lindsay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC508971 2022-12-31 SC508971 2023-12-31 SC508971 2023-01-01 2023-12-31 SC508971 frs-core:CurrentFinancialInstruments 2023-12-31 SC508971 frs-core:BetweenOneFiveYears 2023-12-31 SC508971 frs-core:ComputerEquipment 2023-12-31 SC508971 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC508971 frs-core:ComputerEquipment 2022-12-31 SC508971 frs-core:FurnitureFittings 2023-12-31 SC508971 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC508971 frs-core:FurnitureFittings 2022-12-31 SC508971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC508971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 SC508971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 SC508971 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC508971 frs-core:ShareCapital 2023-12-31 SC508971 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC508971 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC508971 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC508971 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC508971 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC508971 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC508971 frs-bus:Director1 2023-01-01 2023-12-31 SC508971 frs-bus:Director1 2022-12-31 SC508971 frs-bus:Director1 2023-12-31 SC508971 frs-bus:Director2 2023-01-01 2023-12-31 SC508971 frs-bus:Director3 2023-01-01 2023-12-31 SC508971 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 SC508971 frs-countries:Scotland 2023-01-01 2023-12-31 SC508971 2021-12-31 SC508971 2022-12-31 SC508971 2022-01-01 2022-12-31 SC508971 frs-core:CurrentFinancialInstruments 2022-12-31 SC508971 frs-core:BetweenOneFiveYears 2022-12-31 SC508971 frs-core:ShareCapital 2022-12-31 SC508971 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC508971
Infinite Content Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC508971
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,850 3,636
2,850 3,636
CURRENT ASSETS
Debtors 5 40,530 72,031
Cash at bank and in hand 13,613 425
54,143 72,456
Creditors: Amounts Falling Due Within One Year 6 (121,723 ) (148,912 )
NET CURRENT ASSETS (LIABILITIES) (67,580 ) (76,456 )
TOTAL ASSETS LESS CURRENT LIABILITIES (64,730 ) (72,820 )
NET LIABILITIES (64,730 ) (72,820 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (64,830 ) (72,920 )
SHAREHOLDERS' FUNDS (64,730) (72,820)
Page 1
Page 2
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
A C Lindsay
Director
22/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Infinite Content Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC508971 . The registered office is 1a Broughton Place, Edinburgh, EH1 3RL.
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 financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. In order to do so the company will require the continued support of the directors. The directors have indicated that they will continue to support the company and on this basis the directors consider that it is appropriate to prepare the financial statements on the going concern basis.
2.3. Turnover
Turnover represents the provision of moving picture content services, excluding VAT. Revenue is recognised when the service has been provided to the clients.
2.4. 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:
Leasehold 10% on cost
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit and loss account on a striaght line basis over the period of the lease.
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.
2.7. Taxation
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 or directly in equity.
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 have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all material 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 which 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.
Page 3
Page 4
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 348 2,852 7,402 10,602
Additions - - 582 582
Disposals - - (399 ) (399 )
As at 31 December 2023 348 2,852 7,585 10,785
Depreciation
As at 1 January 2023 192 2,223 4,551 6,966
Provided during the period 35 237 1,096 1,368
Disposals - - (399 ) (399 )
As at 31 December 2023 227 2,460 5,248 7,935
Net Book Value
As at 31 December 2023 121 392 2,337 2,850
As at 1 January 2023 156 629 2,851 3,636
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 31,255 50,235
Amounts recoverable on contracts - 20,069
Other debtors 9,275 1,727
40,530 72,031
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 31,007 20,187
Bank loans and overdrafts 22,782 24,385
Other creditors 66,119 75,416
Taxation and social security 1,815 28,924
121,723 148,912
Page 4
Page 5
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Later than one year and not later than five years 38,862 49,862
38,862 49,862
8. 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
£ £ £ £ £
Mr Richard Lindsay - 1,862 - - 1,862
The above loan is unsecured, interest free and repayable on demand and was repaid within 9 months of the company's year end.
Page 5