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 09915950 Mr Toby Hughes Mr Jonathan Hancock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09915950 2022-12-31 09915950 2023-12-31 09915950 2023-01-01 2023-12-31 09915950 frs-core:CurrentFinancialInstruments 2023-12-31 09915950 frs-core:Non-currentFinancialInstruments 2023-12-31 09915950 frs-core:ComputerEquipment 2023-12-31 09915950 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09915950 frs-core:ComputerEquipment 2022-12-31 09915950 frs-core:SharePremium 2023-12-31 09915950 frs-core:ShareCapital 2023-12-31 09915950 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09915950 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09915950 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09915950 frs-bus:SmallEntities 2023-01-01 2023-12-31 09915950 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09915950 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09915950 frs-core:CostValuation 2022-12-31 09915950 frs-core:AdditionsToInvestments 2023-12-31 09915950 frs-core:CostValuation 2023-12-31 09915950 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 09915950 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09915950 frs-bus:Director1 2023-01-01 2023-12-31 09915950 frs-bus:Director2 2023-01-01 2023-12-31 09915950 frs-countries:EnglandWales 2023-01-01 2023-12-31 09915950 2021-12-31 09915950 2022-12-31 09915950 2022-01-01 2022-12-31 09915950 frs-core:CurrentFinancialInstruments 2022-12-31 09915950 frs-core:Non-currentFinancialInstruments 2022-12-31 09915950 frs-core:SharePremium 2022-12-31 09915950 frs-core:ShareCapital 2022-12-31 09915950 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09915950
Three Arrows Media Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09915950
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,988 7,223
Investments 5 104 4
4,092 7,227
CURRENT ASSETS
Debtors 6 201,101 293,037
Cash at bank and in hand 6,338 925
207,439 293,962
Creditors: Amounts Falling Due Within One Year 7 (207,428 ) (176,574 )
NET CURRENT ASSETS (LIABILITIES) 11 117,388
TOTAL ASSETS LESS CURRENT LIABILITIES 4,103 124,615
Creditors: Amounts Falling Due After More Than One Year 8 (31,519 ) (36,354 )
NET (LIABILITIES)/ASSETS (27,416 ) 88,261
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 79,980 79,980
Profit and Loss Account (107,496 ) 8,181
SHAREHOLDERS' FUNDS (27,416) 88,261
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
Mr Toby Hughes
Director
26/09/2024
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
Three Arrows Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09915950 . The registered office is Ellemere House, 79 Hope Road, Sale, Cheshire, M33 3AW.
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. 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:
Computer Equipment 4 years straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 8)
10 8
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 37,786
Disposals (2,607 )
As at 31 December 2023 35,179
Depreciation
As at 1 January 2023 30,563
Provided during the period 1,715
Disposals (1,087 )
As at 31 December 2023 31,191
...CONTINUED
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Net Book Value
As at 31 December 2023 3,988
As at 1 January 2023 7,223
5. Investments
Subsidiaries
£
Cost
As at 1 January 2023 4
Additions 100
As at 31 December 2023 104
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 104
As at 1 January 2023 4
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16,961 19,440
Prepayments and accrued income - 76,757
Amounts owed by group undertakings 184,140 196,840
201,101 293,037
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 30,628 23,837
Bank loans and overdrafts 17,559 6,589
Other taxes and social security 22,262 31,648
Other creditors - 1,529
Accruals and deferred income 21,589 14,452
Directors' loan accounts 65,000 -
Amounts owed to group undertakings 50,390 98,519
207,428 176,574
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 31,519 36,354
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5