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 04758844 Mr John Lamerton Mr Jason Brockman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04758844 2023-05-31 04758844 2024-05-31 04758844 2023-06-01 2024-05-31 04758844 frs-core:CurrentFinancialInstruments 2024-05-31 04758844 frs-core:Non-currentFinancialInstruments 2024-05-31 04758844 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 04758844 frs-core:OtherResidualIntangibleAssets 2024-05-31 04758844 frs-core:OtherResidualIntangibleAssets 2023-05-31 04758844 frs-core:PlantMachinery 2024-05-31 04758844 frs-core:PlantMachinery 2023-06-01 2024-05-31 04758844 frs-core:PlantMachinery 2023-05-31 04758844 frs-core:ShareCapital 2024-05-31 04758844 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04758844 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04758844 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04758844 frs-bus:SmallEntities 2023-06-01 2024-05-31 04758844 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04758844 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04758844 frs-core:CostValuation 2023-05-31 04758844 frs-core:CostValuation 2024-05-31 04758844 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 04758844 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 04758844 frs-bus:Director1 2023-06-01 2024-05-31 04758844 frs-bus:Director2 2023-06-01 2024-05-31 04758844 frs-countries:EnglandWales 2023-06-01 2024-05-31 04758844 2022-05-31 04758844 2023-05-31 04758844 2022-06-01 2023-05-31 04758844 frs-core:CurrentFinancialInstruments 2023-05-31 04758844 frs-core:Non-currentFinancialInstruments 2023-05-31 04758844 frs-core:ShareCapital 2023-05-31 04758844 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04758844
BIG IDEA MEDIA LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
TI Accountancy
74 Duke Street
Barrow In Furness
Cumbria
LA14 1RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04758844
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 461 1,027
Investments 6 126,000 126,000
126,461 127,027
CURRENT ASSETS
Stocks 7 27,620 30,301
Debtors 8 307,659 308,099
Cash at bank and in hand 153,020 110,528
488,299 448,928
Creditors: Amounts Falling Due Within One Year 9 (35,715 ) (13,220 )
NET CURRENT ASSETS (LIABILITIES) 452,584 435,708
TOTAL ASSETS LESS CURRENT LIABILITIES 579,045 562,735
Creditors: Amounts Falling Due After More Than One Year 10 (30,188 ) (36,655 )
NET ASSETS 548,857 526,080
CAPITAL AND RESERVES
Called up share capital 11 1,003 1,003
Profit and Loss Account 547,854 525,077
SHAREHOLDERS' FUNDS 548,857 526,080
Page 1
Page 2
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 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 John Lamerton
Director
Mr Jason Brockman
Director
02/10/2024
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
BIG IDEA MEDIA LTD Registered number 04758844 is a limited by shares company incorporated in England & Wales. The Registered Office is 22 Yeomans Way, Plymouth, PL7 1JH.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are race horse out to pasture. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 6)
4 6
Page 3
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4. Intangible Assets
Other
£
Cost
As at 1 June 2023 11,000
As at 31 May 2024 11,000
Amortisation
As at 1 June 2023 11,000
As at 31 May 2024 11,000
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 21,472
Additions 150
As at 31 May 2024 21,622
Depreciation
As at 1 June 2023 20,445
Provided during the period 716
As at 31 May 2024 21,161
Net Book Value
As at 31 May 2024 461
As at 1 June 2023 1,027
6. Investments
Other
£
Cost
As at 1 June 2023 126,000
As at 31 May 2024 126,000
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 126,000
As at 1 June 2023 126,000
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7. Stocks
2024 2023
£ £
Work in progress 27,620 30,301
8. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 567 -
Other debtors 307,092 305,493
Other taxes and social security - 2,606
307,659 308,099
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 132 2,486
Bank loans and overdrafts 29 42
Corporation tax 28,900 5,409
Other taxes and social security 847 -
VAT 3,447 3,546
Other creditors 2,360 1,737
35,715 13,220
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,188 36,655
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,003 1,003
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