Acorah Software Products - Accounts Production 15.0.600 false true 30 August 2020 1 September 2019 false 31 August 2020 29 August 2021 29 August 2021 02533805 Patricia Berry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02533805 2020-08-30 02533805 2021-08-29 02533805 2020-08-31 2021-08-29 02533805 frs-core:Non-currentFinancialInstruments 2021-08-29 02533805 frs-core:PlantMachinery 2020-08-31 2021-08-29 02533805 frs-core:ShareCapital 2021-08-29 02533805 frs-core:RetainedEarningsAccumulatedLosses 2021-08-29 02533805 frs-bus:PrivateLimitedCompanyLtd 2020-08-31 2021-08-29 02533805 frs-bus:AbridgedAccounts 2020-08-31 2021-08-29 02533805 frs-bus:SmallEntities 2020-08-31 2021-08-29 02533805 frs-bus:AuditExempt-NoAccountantsReport 2020-08-31 2021-08-29 02533805 frs-bus:SmallCompaniesRegimeForAccounts 2020-08-31 2021-08-29 02533805 frs-bus:Director1 2020-08-31 2021-08-29 02533805 frs-countries:EnglandWales 2020-08-31 2021-08-29 02533805 2019-08-31 02533805 2020-08-30 02533805 2019-09-01 2020-08-30 02533805 frs-core:Non-currentFinancialInstruments 2020-08-30 02533805 frs-core:ShareCapital 2020-08-30 02533805 frs-core:RetainedEarningsAccumulatedLosses 2020-08-30
Registered number: 02533805
A.B. Studios Limited
ABRIDGED Financial Statements
For The Year Ended 29 August 2021
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 02533805
2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 70,720
- 70,720
CURRENT ASSETS
Debtors 5 234,884 50,000
Cash at bank and in hand 1,323,522 -
1,558,406 50,000
Creditors: Amounts Falling Due Within One Year (239,332 ) -
NET CURRENT ASSETS (LIABILITIES) 1,319,074 50,000
TOTAL ASSETS LESS CURRENT LIABILITIES 1,319,074 120,720
Creditors: Amounts Falling Due After More Than One Year (109,219 ) (9,096 )
NET ASSETS 1,209,855 111,624
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 1,209,755 111,524
SHAREHOLDERS' FUNDS 1,209,855 111,624
Page 1
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For the year ending 29 August 2021 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 August 2021 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Patricia Berry
Director
19th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. General Information
A.B. Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02533805 . The registered office is Unit 77 Cariocca Business Park, 2 Sawley Road, Manchester, M40 8BB.
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.
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:
Plant & Machinery 18% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2020: 1)
- 1
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4. Tangible Assets
Total
£
Cost or Valuation
As at 31 August 2020 70,720
Disposals (145,802 )
Revaluation 75,110
As at 29 August 2021 28
Depreciation
As at 31 August 2020 -
Provided during the period 28
As at 29 August 2021 28
Net Book Value
As at 29 August 2021 -
As at 31 August 2020 70,720
5. Debtors
2021 2020
£ £
Due after more than one year
Other debtors 234,884 50,000
6. Share Capital
2021 2020
£ £
Allotted, Called up and fully paid 100 100
7. Dividends
2021 2020
£ £
On equity shares:
Final dividend paid 35,000 -
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