Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05926407 Mr Craig Butcher Mrs Rebecca Butcher true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05926407 2023-03-31 05926407 2024-03-31 05926407 2023-04-01 2024-03-31 05926407 frs-core:CurrentFinancialInstruments 2024-03-31 05926407 frs-core:Non-currentFinancialInstruments 2024-03-31 05926407 frs-core:ComputerEquipment 2024-03-31 05926407 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05926407 frs-core:ComputerEquipment 2023-03-31 05926407 frs-core:FurnitureFittings 2024-03-31 05926407 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05926407 frs-core:FurnitureFittings 2023-03-31 05926407 frs-core:MotorVehicles 2024-03-31 05926407 frs-core:MotorVehicles 2023-04-01 2024-03-31 05926407 frs-core:MotorVehicles 2023-03-31 05926407 frs-core:ShareCapital 2024-03-31 05926407 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05926407 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05926407 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05926407 frs-bus:SmallEntities 2023-04-01 2024-03-31 05926407 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05926407 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05926407 1 2023-04-01 2024-03-31 05926407 frs-bus:Director1 2023-04-01 2024-03-31 05926407 frs-bus:Director2 2023-04-01 2024-03-31 05926407 frs-countries:EnglandWales 2023-04-01 2024-03-31 05926407 2022-03-31 05926407 2023-03-31 05926407 2022-04-01 2023-03-31 05926407 frs-core:CurrentFinancialInstruments 2023-03-31 05926407 frs-core:Non-currentFinancialInstruments 2023-03-31 05926407 frs-core:ShareCapital 2023-03-31 05926407 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05926407
Creative London Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05926407
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 51,336 73,069
51,336 73,069
CURRENT ASSETS
Stocks 4 56,780 -
Debtors 5 473,031 448,504
Cash at bank and in hand 46,887 73,318
576,698 521,822
Creditors: Amounts Falling Due Within One Year 6 (306,872 ) (262,187 )
NET CURRENT ASSETS (LIABILITIES) 269,826 259,635
TOTAL ASSETS LESS CURRENT LIABILITIES 321,162 332,704
Creditors: Amounts Falling Due After More Than One Year 7 (22,500 ) (31,216 )
NET ASSETS 298,662 301,488
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 298,562 301,388
SHAREHOLDERS' FUNDS 298,662 301,488
Page 1
Page 2
For the year ending 31 March 2024 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 Rebecca Butcher
Director
20th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2. 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.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 25% Reducing Balance Method
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
1.5. Stocks and Work in Progress
Stock is valued at the lower of cost and NRV and includes capitalised loan interest.
1.6. 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 year 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 asset reflects 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.
...CONTINUED
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Page 4
1.6. Taxation - continued
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. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
3. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 92,663 19,996 13,772 126,431
As at 31 March 2024 92,663 19,996 13,772 126,431
Depreciation
As at 1 April 2023 33,867 11,559 7,936 53,362
Provided during the period 18,165 2,109 1,459 21,733
As at 31 March 2024 52,032 13,668 9,395 75,095
Net Book Value
As at 31 March 2024 40,631 6,328 4,377 51,336
As at 1 April 2023 58,796 8,437 5,836 73,069
4. Stocks
2024 2023
£ £
Work in progress 56,780 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 298,927 292,642
Prepayments and accrued income 174,104 155,862
473,031 448,504
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 104,524 142,559
Bank loans and overdrafts - 2,531
Corporation tax 55,387 39,616
Other taxes and social security 24,031 27,130
VAT 109,606 35,055
Other creditors 37 1,470
Accruals and deferred income 3,950 3,950
Directors' loan accounts 9,337 9,876
306,872 262,187
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,500 31,216
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 148,368 148,368
10. Related Party Transactions
During the year the company was controlled by its directors.

At the year end included within creditors was an amount of £21,455 (2021: £5,250) due to the company's directors.
11. Ultimate Controlling Party
The company's ultimate controlling party are Craig Darren BUTCHER (50%) and Rebecca Ann BUTCHER (50%) by virtue of their ownership of 100% of the issued share capital in the company.
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