Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 January 2022 false 1 April 2023 31 March 2024 31 March 2024 10530804 Mr Paul Jacob Dr. David Ranyard Mr Richard Bates Mr Michael Wall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10530804 2023-03-31 10530804 2024-03-31 10530804 2023-04-01 2024-03-31 10530804 frs-core:CurrentFinancialInstruments 2024-03-31 10530804 frs-core:Non-currentFinancialInstruments 2024-03-31 10530804 frs-core:ComputerEquipment 2024-03-31 10530804 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10530804 frs-core:ComputerEquipment 2023-03-31 10530804 frs-core:SharePremium 2024-03-31 10530804 frs-core:ShareCapital 2024-03-31 10530804 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10530804 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10530804 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10530804 frs-bus:SmallEntities 2023-04-01 2024-03-31 10530804 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10530804 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10530804 frs-bus:Director1 2023-04-01 2024-03-31 10530804 frs-bus:Director2 2023-04-01 2024-03-31 10530804 frs-bus:Director3 2023-04-01 2024-03-31 10530804 frs-bus:Director4 2023-04-01 2024-03-31 10530804 frs-core:CurrentFinancialInstruments 1 2024-03-31 10530804 frs-countries:EnglandWales 2023-04-01 2024-03-31 10530804 2021-12-31 10530804 2023-03-31 10530804 2022-01-01 2023-03-31 10530804 frs-core:CurrentFinancialInstruments 2023-03-31 10530804 frs-core:Non-currentFinancialInstruments 2023-03-31 10530804 frs-core:SharePremium 2023-03-31 10530804 frs-core:ShareCapital 2023-03-31 10530804 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10530804 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 10530804
Dream Reality Interactive 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: 10530804
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,126 8,758
8,126 8,758
CURRENT ASSETS
Debtors 5 141,036 152,578
Cash at bank and in hand 11,006 896
152,042 153,474
Creditors: Amounts Falling Due Within One Year 6 (1,997,816 ) (1,319,967 )
NET CURRENT ASSETS (LIABILITIES) (1,845,774 ) (1,166,493 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,837,648 ) (1,157,735 )
Creditors: Amounts Falling Due After More Than One Year 7 (45,617 ) (50,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,784 ) (1,664 )
NET LIABILITIES (1,885,049 ) (1,209,399 )
CAPITAL AND RESERVES
Called up share capital 8 1,291 1,268
Share premium account 1,256,018 1,061,041
Profit and Loss Account (3,142,358 ) (2,271,708 )
SHAREHOLDERS' FUNDS (1,885,049) (1,209,399)
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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
Dr. David Ranyard
Director
2 October 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
Dream Reality Interactive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10530804 . The registered office is C/O Affect Group, Simpsons Fm, Pentlow, Suffolk, CO10 7JT.
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. Going Concern Disclosure
The directors and other participating interests have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition they have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
2.3. 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.
2.4. 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:
Computer Equipment 25% reducing balance method
2.5. 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.
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2.6. Taxation
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.
The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company.
A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 19)
21 19
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 30,207
Additions 1,614
As at 31 March 2024 31,821
Depreciation
As at 1 April 2023 21,449
Provided during the period 2,246
As at 31 March 2024 23,695
Net Book Value
As at 31 March 2024 8,126
As at 1 April 2023 8,758
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 57,541 1,980
Other debtors 2,624 2,624
Corporation tax recoverable assets 78,882 138,953
VAT 1,989 9,021
141,036 152,578
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6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 78,128 44,326
Other taxes and social security 186,507 83,103
Other creditors 76,110 7,051
Loan 632,089 363,335
Accruals and deferred income 688,049 581,683
Directors' loan accounts 112,540 91,523
Amounts owed to subsidiaries 224,393 148,946
1,997,816 1,319,967
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 45,617 50,000
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1,291 1,268
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