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 08939416 Dr Emma Carter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08939416 2023-03-31 08939416 2024-03-31 08939416 2023-04-01 2024-03-31 08939416 frs-core:CurrentFinancialInstruments 2024-03-31 08939416 frs-core:FurnitureFittings 2024-03-31 08939416 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08939416 frs-core:FurnitureFittings 2023-03-31 08939416 frs-core:ShareCapital 2024-03-31 08939416 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08939416 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08939416 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08939416 frs-bus:SmallEntities 2023-04-01 2024-03-31 08939416 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08939416 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08939416 frs-bus:Director1 2023-04-01 2024-03-31 08939416 frs-bus:Director1 2023-03-31 08939416 frs-bus:Director1 2024-03-31 08939416 frs-countries:EnglandWales 2023-04-01 2024-03-31 08939416 2022-03-31 08939416 2023-03-31 08939416 2022-04-01 2023-03-31 08939416 frs-core:CurrentFinancialInstruments 2023-03-31 08939416 frs-core:ShareCapital 2023-03-31 08939416 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08939416
Character Arc Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08939416
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 248 1,104
248 1,104
CURRENT ASSETS
Debtors 5 - 6,006
Cash at bank and in hand 34,261 29,221
34,261 35,227
Creditors: Amounts Falling Due Within One Year 6 (8,256 ) (10,720 )
NET CURRENT ASSETS (LIABILITIES) 26,005 24,507
TOTAL ASSETS LESS CURRENT LIABILITIES 26,253 25,611
PROVISIONS FOR LIABILITIES
Deferred Taxation (62 ) (210 )
NET ASSETS 26,191 25,401
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 26,091 25,301
SHAREHOLDERS' FUNDS 26,191 25,401
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Dr Emma Carter
Director
29 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Character Arc Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08939416 . The registered office is 5 Plummer Avenue, Manchester, M21 8FU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied
and services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is recognised when the service has been performed; the
amount of revenue can be measured reliably; it is probable that the associated economic benefits will
flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured
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:
Fixtures & Fittings Between 2 - 4 years
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.
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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 4,295
Disposals (229 )
As at 31 March 2024 4,066
Depreciation
As at 1 April 2023 3,191
Provided during the period 856
Disposals (229 )
As at 31 March 2024 3,818
Net Book Value
As at 31 March 2024 248
As at 1 April 2023 1,104
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 4,165
Other debtors - 1,841
- 6,006
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 698 142
Taxation and social security 7,558 10,578
8,256 10,720
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Dr Emma Carter 1,841 - (1,841 ) - -
The above loan is unsecured, interest free and repayable on demand.
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