Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05138906 Mr Harvey Whitehead iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05138906 2023-05-31 05138906 2024-05-31 05138906 2023-06-01 2024-05-31 05138906 frs-core:CurrentFinancialInstruments 2024-05-31 05138906 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 05138906 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 05138906 frs-core:FurnitureFittings 2024-05-31 05138906 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05138906 frs-core:FurnitureFittings 2023-05-31 05138906 frs-core:NetGoodwill 2024-05-31 05138906 frs-core:NetGoodwill 2023-06-01 2024-05-31 05138906 frs-core:NetGoodwill 2023-05-31 05138906 frs-core:PlantMachinery 2024-05-31 05138906 frs-core:PlantMachinery 2023-06-01 2024-05-31 05138906 frs-core:PlantMachinery 2023-05-31 05138906 frs-core:ShareCapital 2024-05-31 05138906 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05138906 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05138906 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05138906 frs-bus:SmallEntities 2023-06-01 2024-05-31 05138906 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05138906 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05138906 frs-bus:Director1 2023-06-01 2024-05-31 05138906 frs-countries:EnglandWales 2023-06-01 2024-05-31 05138906 2022-05-31 05138906 2023-05-31 05138906 2022-06-01 2023-05-31 05138906 frs-core:CurrentFinancialInstruments 2023-05-31 05138906 frs-core:ShareCapital 2023-05-31 05138906 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05138906
375 Creative Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Statement of Financial Position
Registered number: 05138906
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,599 1,881
1,599 1,881
CURRENT ASSETS
Debtors 6 638 638
Cash at bank and in hand 5,501 86,170
6,139 86,808
Creditors: Amounts Falling Due Within One Year 7 (256,395 ) (335,193 )
NET CURRENT ASSETS (LIABILITIES) (250,256 ) (248,385 )
TOTAL ASSETS LESS CURRENT LIABILITIES (248,657 ) (246,504 )
NET LIABILITIES (248,657 ) (246,504 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Income Statement (249,657 ) (247,504 )
SHAREHOLDERS' FUNDS (248,657) (246,504)
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For the year ending 31 May 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 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 Income Statement.
On behalf of the board
Mr Harvey Whitehead
Director
26/09/2024
The notes on pages 2 to 3 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
375 Creative Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05138906 . The registered office is Hillcroft Clevedon Road, Wraxall, Bristol, BS48 1PL.
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. 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. It is amortised to income statement over its estimated economic life of .... years.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 15% on cost
Fixtures & Fittings 15% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 June 2023 5,000 40,000 45,000
As at 31 May 2024 5,000 40,000 45,000
Amortisation
As at 1 June 2023 5,000 40,000 45,000
As at 31 May 2024 5,000 40,000 45,000
Net Book Value
As at 31 May 2024 - - -
As at 1 June 2023 - - -
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 72,819 69,631 142,450
As at 31 May 2024 72,819 69,631 142,450
Depreciation
As at 1 June 2023 71,260 69,309 140,569
Provided during the period 234 48 282
As at 31 May 2024 71,494 69,357 140,851
Net Book Value
As at 31 May 2024 1,325 274 1,599
As at 1 June 2023 1,559 322 1,881
6. Debtors
2024 2023
£ £
Due within one year
VAT 638 638
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 299 299
Director's loan account 256,096 334,894
256,395 335,193
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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