Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02268007 Ms Ashlie Green Ms Samantha Sawyer Mr Bradley Aspess Mr Philip Halliday Mr Scott Gamble Mr Benjamin Drury Mr Andrew Hill Mrs Kim Bayley Mr Alan Jordan Ms Natasha Youngs Mr Joe Vesayaporn Miss Louise Jackson Mr Ryan Longstaff Mr Michael Walsh Mr Keith Ingram Ms Bina Mistry Mr Richard Vivian Mrs Kim Bayley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02268007 2023-03-31 02268007 2024-03-31 02268007 2023-04-01 2024-03-31 02268007 frs-core:CurrentFinancialInstruments 2024-03-31 02268007 frs-core:Non-currentFinancialInstruments 2024-03-31 02268007 frs-core:BetweenOneFiveYears 2024-03-31 02268007 frs-core:FurnitureFittings 2024-03-31 02268007 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02268007 frs-core:FurnitureFittings 2023-03-31 02268007 frs-core:PlantMachinery 2024-03-31 02268007 frs-core:PlantMachinery 2023-04-01 2024-03-31 02268007 frs-core:PlantMachinery 2023-03-31 02268007 frs-core:WithinOneYear 2024-03-31 02268007 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02268007 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 02268007 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02268007 frs-bus:SmallEntities 2023-04-01 2024-03-31 02268007 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02268007 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02268007 1 2023-04-01 2024-03-31 02268007 frs-core:UnlistedNon-exchangeTraded 2024-03-31 02268007 frs-core:UnlistedNon-exchangeTraded 2023-03-31 02268007 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 02268007 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 02268007 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 02268007 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 02268007 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 02268007 frs-bus:Director1 2023-04-01 2024-03-31 02268007 frs-bus:Director2 2023-04-01 2024-03-31 02268007 frs-bus:Director3 2023-04-01 2024-03-31 02268007 frs-bus:Director4 2023-04-01 2024-03-31 02268007 frs-bus:Director5 2023-04-01 2024-03-31 02268007 frs-bus:Director6 2023-04-01 2024-03-31 02268007 frs-bus:Director7 2023-04-01 2024-03-31 02268007 frs-bus:Director8 2023-04-01 2024-03-31 02268007 frs-bus:Director9 2023-04-01 2024-03-31 02268007 frs-bus:Director10 2023-04-01 2024-03-31 02268007 frs-bus:Director11 2023-04-01 2024-03-31 02268007 frs-bus:Director12 2023-04-01 2024-03-31 02268007 frs-bus:Director13 2023-04-01 2024-03-31 02268007 frs-bus:Director14 2023-04-01 2024-03-31 02268007 frs-bus:Director15 2023-04-01 2024-03-31 02268007 frs-bus:Director16 2023-04-01 2024-03-31 02268007 frs-bus:Director17 2023-04-01 2024-03-31 02268007 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02268007 1 2023-04-01 2024-03-31 02268007 frs-countries:EnglandWales 2023-04-01 2024-03-31 02268007 2022-03-31 02268007 2023-03-31 02268007 2022-04-01 2023-03-31 02268007 frs-core:CurrentFinancialInstruments 2023-03-31 02268007 frs-core:Non-currentFinancialInstruments 2023-03-31 02268007 frs-core:BetweenOneFiveYears 2023-03-31 02268007 frs-core:WithinOneYear 2023-03-31 02268007 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 02268007 1 2022-04-01 2023-03-31
Registered number: 02268007
Entertainment Retailers Association
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: 02268007
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,704 13,693
Investments 5 - 50
5,704 13,743
CURRENT ASSETS
Debtors 6 608,131 487,993
Cash at bank and in hand 1,336,950 1,513,519
1,945,081 2,001,512
Creditors: Amounts Falling Due Within One Year 7 (879,705 ) (1,095,591 )
NET CURRENT ASSETS (LIABILITIES) 1,065,376 905,921
TOTAL ASSETS LESS CURRENT LIABILITIES 1,071,080 919,664
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,084 ) (2,616 )
NET ASSETS 1,069,996 917,048
Income and Expenditure Account 1,069,996 917,048
MEMBERS' FUNDS 1,069,996 917,048
Page 1
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 Income and Expenditure Account.
On behalf of the board
Mrs Kim Bayley
Director
28/06/2024
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
Entertainment Retailers Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 02268007 . The registered office is 42-43 Maiden Lane, 4th Floor, London, WC2E 7LL.
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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
  • Subscriptions
  • Management fees
  • Events
  • Research services
  • Supply of sales data
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:
Plant & Machinery straight line over 3 - 4 years
Fixtures & Fittings straight line over 5 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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.
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 surplus. 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 surplus 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 surplus 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.
Current or deferred tax for the year is recognised in surplus or deficit, 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.
2.5. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2.6. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Employees 9 8
9 8
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 11,504 21,857 33,361
As at 31 March 2024 11,504 21,857 33,361
Depreciation
As at 1 April 2023 6,653 13,015 19,668
Provided during the period 3,617 4,372 7,989
As at 31 March 2024 10,270 17,387 27,657
Net Book Value
As at 31 March 2024 1,234 4,470 5,704
As at 1 April 2023 4,851 8,842 13,693
5. Investments
Unlisted
£
Cost
As at 1 April 2023 50
Disposals (50 )
As at 31 March 2024 -
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 50
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 173,374 30,329
Prepayments and accrued income 17,257 20,092
Other debtors 400,000 420,000
Corporation tax recoverable assets - 72
590,631 470,493
Due after more than one year
Other debtors 17,500 17,500
608,131 487,993
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,672 2,055
Other taxes and social security 70,220 49,258
Other creditors 798,813 1,037,050
Accruals and deferred income 9,000 7,228
879,705 1,095,591
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 52,500 52,500
Later than one year and not later than five years 52,500 105,000
105,000 157,500
9. Related Party Transactions
The Official UK Charts Company Limited
During the year the company charged The Official UK Charts Company Limited £865,583 (2023: £883,023) for the supply of information and £400,000 (2023: £420,000) for management fees.  Management fees of £400,000 were unpaid at the balance sheet date.
The Official UK Charts Company charged the company £370,764 (2023: £372,508) for online access.
The company owns 100% class “B” shares in the company above.
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
11. Ultimate Controlling Party
The company is controlled by its directors.
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