Acorah Software Products - Accounts Production 14.6.300 false true 26 December 2022 28 December 2021 false 27 December 2022 26 December 2023 26 December 2023 04990309 Mr Christopher Hamsphire Mrs Claire Hampshire iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04990309 2022-12-26 04990309 2023-12-26 04990309 2022-12-27 2023-12-26 04990309 frs-core:CurrentFinancialInstruments 2023-12-26 04990309 frs-core:Non-currentFinancialInstruments 2023-12-26 04990309 frs-core:ComputerEquipment 2023-12-26 04990309 frs-core:ComputerEquipment 2022-12-27 2023-12-26 04990309 frs-core:ComputerEquipment 2022-12-26 04990309 frs-core:FurnitureFittings 2022-12-27 2023-12-26 04990309 frs-core:NetGoodwill 2023-12-26 04990309 frs-core:NetGoodwill 2022-12-27 2023-12-26 04990309 frs-core:NetGoodwill 2022-12-26 04990309 frs-core:PlantMachinery 2023-12-26 04990309 frs-core:PlantMachinery 2022-12-27 2023-12-26 04990309 frs-core:PlantMachinery 2022-12-26 04990309 frs-core:ShareCapital 2023-12-26 04990309 frs-core:RetainedEarningsAccumulatedLosses 2023-12-26 04990309 frs-bus:PrivateLimitedCompanyLtd 2022-12-27 2023-12-26 04990309 frs-bus:FilletedAccounts 2022-12-27 2023-12-26 04990309 frs-bus:SmallEntities 2022-12-27 2023-12-26 04990309 frs-bus:AuditExempt-NoAccountantsReport 2022-12-27 2023-12-26 04990309 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-27 2023-12-26 04990309 frs-bus:Director1 2022-12-27 2023-12-26 04990309 frs-bus:CompanySecretary1 2022-12-27 2023-12-26 04990309 frs-core:CurrentFinancialInstruments 1 2023-12-26 04990309 frs-countries:EnglandWales 2022-12-27 2023-12-26 04990309 2021-12-27 04990309 2022-12-26 04990309 2021-12-28 2022-12-26 04990309 frs-core:CurrentFinancialInstruments 2022-12-26 04990309 frs-core:Non-currentFinancialInstruments 2022-12-26 04990309 frs-core:ShareCapital 2022-12-26 04990309 frs-core:RetainedEarningsAccumulatedLosses 2022-12-26 04990309 frs-core:CurrentFinancialInstruments 1 2022-12-26
Registered number: 04990309
Supreme Music Limited
Unaudited Financial Statements
For The Year Ended 26 December 2023
Thomas Christopher & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04990309
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 13,199 5,310
13,199 5,310
CURRENT ASSETS
Stocks 6 - 75
Debtors 7 33,000 29,000
33,000 29,075
Creditors: Amounts Falling Due Within One Year 8 (42,323 ) (29,558 )
NET CURRENT ASSETS (LIABILITIES) (9,323 ) (483 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,876 4,827
Creditors: Amounts Falling Due After More Than One Year 9 (7,500 ) (7,500 )
NET LIABILITIES (3,624 ) (2,673 )
CAPITAL AND RESERVES
Called up share capital 10 6 6
Profit and Loss Account (3,630 ) (2,679 )
SHAREHOLDERS' FUNDS (3,624) (2,673)
Page 1
Page 2
For the year ending 26 December 2023 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 Christopher Hamsphire
Director
25/09/2024
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
Supreme Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04990309 . The registered office is 44 Orange Row, Brighton, East Sussex, BN1 1UQ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
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:
Plant & Machinery 25% RB
Fixtures & Fittings 15% RB
Computer Equipment 33% RB
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 27 December 2022 35,167
As at 26 December 2023 35,167
Amortisation
As at 27 December 2022 35,167
As at 26 December 2023 35,167
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 27 December 2022 11,142 12,036 23,178
Additions - 10,417 10,417
As at 26 December 2023 11,142 22,453 33,595
Depreciation
As at 27 December 2022 10,983 6,885 17,868
Provided during the period 40 2,488 2,528
As at 26 December 2023 11,023 9,373 20,396
Net Book Value
As at 26 December 2023 119 13,080 13,199
As at 27 December 2022 159 5,151 5,310
6. Stocks
2023 2022
£ £
Payments on account - 75
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 33,000 29,000
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 14,222 14,223
Bank loans and overdrafts 1,674 1,380
Corporation tax 60 60
Other taxes and social security 9,962 9,962
Credit card 1,742 2,134
Creditors 1,260 -
Accruals and deferred income 12,990 1,710
Director's loan account 413 89
42,323 29,558
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 7,500 7,500
Page 4
Page 5
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 6 6
Page 5