Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13213190 Mr Clive Patterson Mr Hugh Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13213190 2023-02-28 13213190 2024-02-28 13213190 2023-03-01 2024-02-28 13213190 frs-core:CurrentFinancialInstruments 2024-02-28 13213190 frs-core:ComputerEquipment 2024-02-28 13213190 frs-core:ComputerEquipment 2023-03-01 2024-02-28 13213190 frs-core:ComputerEquipment 2023-02-28 13213190 frs-core:FurnitureFittings 2024-02-28 13213190 frs-core:FurnitureFittings 2023-03-01 2024-02-28 13213190 frs-core:FurnitureFittings 2023-02-28 13213190 frs-core:CapitalRedemptionReserve 2024-02-28 13213190 frs-core:SharePremium 2024-02-28 13213190 frs-core:ShareCapital 2024-02-28 13213190 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13213190 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13213190 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13213190 frs-bus:SmallEntities 2023-03-01 2024-02-28 13213190 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13213190 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13213190 frs-bus:Director1 2023-03-01 2024-02-28 13213190 frs-bus:Director2 2023-03-01 2024-02-28 13213190 frs-countries:EnglandWales 2023-03-01 2024-02-28 13213190 2022-02-28 13213190 2023-02-28 13213190 2022-03-01 2023-02-28 13213190 frs-core:CurrentFinancialInstruments 2023-02-28 13213190 frs-core:CapitalRedemptionReserve 2023-02-28 13213190 frs-core:SharePremium 2023-02-28 13213190 frs-core:ShareCapital 2023-02-28 13213190 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13213190
Insight TWI Films Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13213190
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,262 3,837
3,262 3,837
CURRENT ASSETS
Debtors 5 378,172 341,519
Cash at bank and in hand 110,534 306,040
488,706 647,559
Creditors: Amounts Falling Due Within One Year 6 (158,870 ) (506,700 )
NET CURRENT ASSETS (LIABILITIES) 329,836 140,859
TOTAL ASSETS LESS CURRENT LIABILITIES 333,098 144,696
NET ASSETS 333,098 144,696
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium account 9,990 -
Capital contribution 10,000 20,000
Profit and Loss Account 313,008 124,596
SHAREHOLDERS' FUNDS 333,098 144,696
Page 1
Page 2
For the year ending 28 February 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 Clive Patterson
Director
9 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Insight TWI Films Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13213190 . The registered office is Acre House, 11/15 William Road, London, NW1 3ER.
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 relates to the production of television programmes. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. 
The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant 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:
Fixtures & Fittings No depreciation
Computer Equipment 33.33% on reducing balance
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.
2.5. 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: 3 (2023: 5)
3 5
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 1 4,454 4,455
As at 28 February 2024 1 4,454 4,455
Depreciation
As at 1 March 2023 - 618 618
Provided during the period - 575 575
As at 28 February 2024 - 1,193 1,193
Net Book Value
As at 28 February 2024 1 3,261 3,262
As at 1 March 2023 1 3,836 3,837
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,914 306,931
Other debtors 371,258 34,588
378,172 341,519
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9 597
Other creditors 158,593 443,247
Taxation and social security 268 62,856
158,870 506,700
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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