Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13150231 Ms Laura Scanlon Mrs Vitória Silva iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13150231 2023-03-31 13150231 2024-03-31 13150231 2023-04-01 2024-03-31 13150231 frs-core:CurrentFinancialInstruments 2024-03-31 13150231 frs-core:ComputerEquipment 2024-03-31 13150231 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13150231 frs-core:ComputerEquipment 2023-03-31 13150231 frs-core:PlantMachinery 2024-03-31 13150231 frs-core:PlantMachinery 2023-04-01 2024-03-31 13150231 frs-core:PlantMachinery 2023-03-31 13150231 frs-core:ShareCapital 2024-03-31 13150231 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13150231 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13150231 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13150231 frs-bus:SmallEntities 2023-04-01 2024-03-31 13150231 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13150231 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13150231 frs-bus:Director1 2023-04-01 2024-03-31 13150231 frs-bus:Director2 2023-04-01 2024-03-31 13150231 1 2023-04-01 2024-03-31 13150231 frs-countries:EnglandWales 2023-04-01 2024-03-31 13150231 2022-03-31 13150231 2023-03-31 13150231 2022-04-01 2023-03-31 13150231 frs-core:CurrentFinancialInstruments 2023-03-31 13150231 frs-core:ShareCapital 2023-03-31 13150231 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 13150231 1 2022-04-01 2023-03-31
Registered number: 13150231
Here I Am Studio Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13150231
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,229 5,903
7,229 5,903
CURRENT ASSETS
Debtors 5 53,337 89,736
Cash at bank and in hand 31,261 8,286
84,598 98,022
Creditors: Amounts Falling Due Within One Year 6 (49,819 ) (57,444 )
NET CURRENT ASSETS (LIABILITIES) 34,779 40,578
TOTAL ASSETS LESS CURRENT LIABILITIES 42,008 46,481
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,000 ) (1,000 )
NET ASSETS 40,008 45,481
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 39,908 45,381
SHAREHOLDERS' FUNDS 40,008 45,481
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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 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
Ms Laura Scanlon
Director
Mrs Vitória Silva
Director
7 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Here I Am Studio Limited is a private company, limited by shares and incorporated in England & Wales. The registered company number is 13150231 and the registered company office is 3rd Floor, 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. Going Concern Disclosure
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
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 and machinery 25% straight line
Computer equipment 25% straight line
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.6. Foreign Currencies
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.
2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
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2.7. Taxation - continued
Deferred tax
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 asset reflects 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.
2.8. 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 7 5
7 5
4. Tangible Assets
Plant and machinery Computer equipment Total
£ £ £
Cost
As at 1 April 2023 600 8,254 8,854
Additions - 4,160 4,160
As at 31 March 2024 600 12,414 13,014
Depreciation
As at 1 April 2023 127 2,824 2,951
Provided during the period 150 2,684 2,834
As at 31 March 2024 277 5,508 5,785
Net Book Value
As at 31 March 2024 323 6,906 7,229
As at 1 April 2023 473 5,430 5,903
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,734 89,501
Other debtors 43,603 235
53,337 89,736
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,267 20,853
Other creditors 1,081 8,032
Taxation and social security 41,471 28,559
49,819 57,444
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7. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to a director. The balance at the year end was £41,548 (2023 - (£7,237)).
The above loan is unsecured, interest free and repayable on demand.
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 144,944 118,000
The dividend was paid unknowingly and the Director undertakes to make no further distribution until such time as there are reserves available for the purpose.
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