Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07023107 Thomas Bridges Charles Cassidy Roland Woolner Richard Bridges iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07023107 2022-12-31 07023107 2023-12-31 07023107 2023-01-01 2023-12-31 07023107 frs-core:CurrentFinancialInstruments 2023-12-31 07023107 frs-core:ComputerEquipment 2023-12-31 07023107 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07023107 frs-core:ComputerEquipment 2022-12-31 07023107 frs-core:FurnitureFittings 2023-12-31 07023107 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07023107 frs-core:FurnitureFittings 2022-12-31 07023107 frs-core:SharePremium 2023-12-31 07023107 frs-core:ShareCapital 2023-12-31 07023107 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07023107 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07023107 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07023107 frs-bus:SmallEntities 2023-01-01 2023-12-31 07023107 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07023107 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07023107 frs-core:CostValuation 2022-12-31 07023107 frs-core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 07023107 frs-core:CostValuation 2023-12-31 07023107 frs-core:ListedExchangeTraded 2023-12-31 07023107 frs-core:ListedExchangeTraded 2022-12-31 07023107 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 07023107 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2023-12-31 07023107 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 07023107 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 07023107 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 07023107 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07023107 frs-core:UnlistedNon-exchangeTraded 2022-12-31 07023107 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 07023107 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07023107 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07023107 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 07023107 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07023107 frs-bus:Director1 2023-01-01 2023-12-31 07023107 frs-bus:Director2 2023-01-01 2023-12-31 07023107 frs-bus:Director3 2023-01-01 2023-12-31 07023107 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07023107 frs-countries:EnglandWales 2023-01-01 2023-12-31 07023107 2021-12-31 07023107 2022-12-31 07023107 2022-01-01 2022-12-31 07023107 frs-core:CurrentFinancialInstruments 2022-12-31 07023107 frs-core:SharePremium 2022-12-31 07023107 frs-core:ShareCapital 2022-12-31 07023107 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07023107
Neon Pictures Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
JJ Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07023107
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,192 16,313
Investments 5 86,985 82,649
96,177 98,962
CURRENT ASSETS
Debtors 6 377,183 457,007
Cash at bank and in hand 67,847 59,452
445,030 516,459
Creditors: Amounts Falling Due Within One Year 7 (39,682 ) (44,036 )
NET CURRENT ASSETS (LIABILITIES) 405,348 472,423
TOTAL ASSETS LESS CURRENT LIABILITIES 501,525 571,385
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,316 ) (2,574 )
NET ASSETS 500,209 568,811
CAPITAL AND RESERVES
Called up share capital 8 10 10
Share premium account 28,514 28,514
Profit and Loss Account 471,685 540,287
SHAREHOLDERS' FUNDS 500,209 568,811
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
Charles Cassidy
Director
23/09/2024
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
Neon Pictures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07023107 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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.
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. 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 25% reducing balance
Computer Equipment 33% straight line
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. Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 14,009 37,589 51,598
Additions - 607 607
As at 31 December 2023 14,009 38,196 52,205
Depreciation
As at 1 January 2023 11,547 23,738 35,285
Provided during the period 616 7,112 7,728
As at 31 December 2023 12,163 30,850 43,013
Net Book Value
As at 31 December 2023 1,846 7,346 9,192
As at 1 January 2023 2,462 13,851 16,313
5. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 January 2023 80,863 1,786 82,649
Revaluations 4,336 - 4,336
As at 31 December 2023 85,199 1,786 86,985
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 85,199 1,786 86,985
As at 1 January 2023 80,863 1,786 82,649
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 36,825 52,384
Prepayments and accrued income 1,964 1,233
VAT 1,506 -
Directors' loan accounts - 3
Amounts owed by group undertakings 336,888 403,387
377,183 457,007
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 458 458
Bank loans and overdrafts 6 6
Corporation tax 39,218 38,462
VAT - 4,904
Directors' loan accounts - 206
39,682 44,036
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 5