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 03749628 Mr Guy Evans-Tipping Mrs Janet Farmer Mr Stuart Farmer Mr Robert Lowe Mr Michael Strong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03749628 2023-03-31 03749628 2024-03-31 03749628 2023-04-01 2024-03-31 03749628 frs-core:CurrentFinancialInstruments 2024-03-31 03749628 frs-core:Non-currentFinancialInstruments 2024-03-31 03749628 frs-core:ComputerEquipment 2024-03-31 03749628 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03749628 frs-core:ComputerEquipment 2023-03-31 03749628 frs-core:PlantMachinery 2023-04-01 2024-03-31 03749628 frs-core:ShareCapital 2024-03-31 03749628 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03749628 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03749628 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03749628 frs-bus:SmallEntities 2023-04-01 2024-03-31 03749628 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03749628 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03749628 frs-bus:Director1 2023-04-01 2024-03-31 03749628 frs-bus:Director2 2023-04-01 2024-03-31 03749628 frs-bus:Director3 2023-04-01 2024-03-31 03749628 frs-bus:Director4 2023-04-01 2024-03-31 03749628 frs-bus:Director5 2023-04-01 2024-03-31 03749628 frs-countries:EnglandWales 2023-04-01 2024-03-31 03749628 2022-03-31 03749628 2023-03-31 03749628 2022-04-01 2023-03-31 03749628 frs-core:CurrentFinancialInstruments 2023-03-31 03749628 frs-core:Non-currentFinancialInstruments 2023-03-31 03749628 frs-core:ShareCapital 2023-03-31 03749628 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03749628
Stuart Farmer Media Services 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: 03749628
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 567 986
567 986
CURRENT ASSETS
Debtors 5 157,586 98,917
Cash at bank and in hand 17,508 22,558
175,094 121,475
Creditors: Amounts Falling Due Within One Year 6 (40,883 ) (49,149 )
NET CURRENT ASSETS (LIABILITIES) 134,211 72,326
TOTAL ASSETS LESS CURRENT LIABILITIES 134,778 73,312
Creditors: Amounts Falling Due After More Than One Year 7 22,638 -
NET ASSETS 157,416 73,312
CAPITAL AND RESERVES
Called up share capital 8 20 20
Profit and Loss Account 157,396 73,292
SHAREHOLDERS' FUNDS 157,416 73,312
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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
Mr Guy Evans-Tipping
Director
11/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Stuart Farmer Media Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03749628 . The registered office is Edinburgh House, 170 Kennington Lane, London, SE11 5DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 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.
2.3. 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 25% Straight line
Computer Equipment 25% Straigh line
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
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 1,257
As at 31 March 2024 1,257
Depreciation
As at 1 April 2023 271
Provided during the period 419
As at 31 March 2024 690
Net Book Value
As at 31 March 2024 567
As at 1 April 2023 986
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 61,991 40,139
Prepayments and accrued income 148 225
62,139 40,364
Due after more than one year
Amounts owed by group undertakings 95,447 58,553
157,586 98,917
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,302 722
Other taxes and social security 1,637 3,431
VAT 6,235 15,456
Other creditors 51 40
Accruals and deferred income 31,658 29,500
40,883 49,149
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Inter Company Loan (22,638 ) -
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
9. Related Party Transactions
The Company supplied Ellipse Data Ltd with externally provided works for research and development for a total of £19,090
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