Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10800384 Mr Brendon Craigie Mrs Emily Antonazzo Mrs Sian Gaskell Mr Nicholas Taylor Mr Erik Van De Nadort iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10800384 2023-06-30 10800384 2024-06-30 10800384 2023-07-01 2024-06-30 10800384 frs-core:CurrentFinancialInstruments 2024-06-30 10800384 frs-core:Non-currentFinancialInstruments 2024-06-30 10800384 frs-core:ComputerEquipment 2024-06-30 10800384 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10800384 frs-core:ComputerEquipment 2023-06-30 10800384 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 10800384 frs-core:FurnitureFittings 2024-06-30 10800384 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10800384 frs-core:FurnitureFittings 2023-06-30 10800384 frs-core:NetGoodwill 2024-06-30 10800384 frs-core:NetGoodwill 2023-07-01 2024-06-30 10800384 frs-core:NetGoodwill 2023-06-30 10800384 frs-core:OtherResidualIntangibleAssets 2024-06-30 10800384 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 10800384 frs-core:OtherResidualIntangibleAssets 2023-06-30 10800384 frs-core:CapitalRedemptionReserve 2024-06-30 10800384 frs-core:SharePremium 2024-06-30 10800384 frs-core:ShareCapital 2024-06-30 10800384 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10800384 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10800384 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10800384 frs-bus:SmallEntities 2023-07-01 2024-06-30 10800384 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10800384 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10800384 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10800384 frs-bus:OrdinaryShareClass1 2024-06-30 10800384 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 10800384 frs-bus:OrdinaryShareClass2 2024-06-30 10800384 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 10800384 frs-bus:OrdinaryShareClass3 2024-06-30 10800384 frs-bus:OrdinaryShareClass4 2023-07-01 2024-06-30 10800384 frs-bus:OrdinaryShareClass4 2024-06-30 10800384 frs-core:UnlistedNon-exchangeTraded 2024-06-30 10800384 frs-core:UnlistedNon-exchangeTraded 2023-06-30 10800384 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 10800384 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 10800384 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 10800384 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 10800384 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 10800384 frs-bus:Director1 2023-07-01 2024-06-30 10800384 frs-bus:Director2 2023-07-01 2024-06-30 10800384 frs-bus:Director3 2023-07-01 2024-06-30 10800384 frs-bus:Director4 2023-07-01 2024-06-30 10800384 frs-bus:Director5 2023-07-01 2024-06-30 10800384 frs-countries:EnglandWales 2023-07-01 2024-06-30 10800384 2022-06-30 10800384 2023-06-30 10800384 2022-07-01 2023-06-30 10800384 frs-core:CurrentFinancialInstruments 2023-06-30 10800384 frs-core:Non-currentFinancialInstruments 2023-06-30 10800384 frs-core:CapitalRedemptionReserve 2023-06-30 10800384 frs-core:SharePremium 2023-06-30 10800384 frs-core:ShareCapital 2023-06-30 10800384 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10800384 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 10800384 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30 10800384 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30 10800384 frs-bus:OrdinaryShareClass4 2022-07-01 2023-06-30
Registered number: 10800384
Tyto Public Relations Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Naylor Accountancy Services Limited
16 Mount Pleasant Road
Tunbridge Wells
Kent
TN1 1QU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10800384
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,185,519 204,759
Tangible Assets 5 28,005 41,627
Investments 6 515,729 351,097
1,729,253 597,483
CURRENT ASSETS
Debtors 7 535,134 863,207
Cash at bank and in hand 1,044,764 1,110,038
1,579,898 1,973,245
Creditors: Amounts Falling Due Within One Year 8 (1,229,225 ) (1,953,843 )
NET CURRENT ASSETS (LIABILITIES) 350,673 19,402
TOTAL ASSETS LESS CURRENT LIABILITIES 2,079,926 616,885
Creditors: Amounts Falling Due After More Than One Year 9 (9,188 ) (19,177 )
NET ASSETS 2,070,738 597,708
CAPITAL AND RESERVES
Called up share capital 10 1,122 1,012
Share premium account 829,475 176,446
Capital redemption reserve (57,600 ) (57,600 )
Profit and Loss Account 1,297,741 477,850
SHAREHOLDERS' FUNDS 2,070,738 597,708
Page 1
Page 2
For the year ending 30 June 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 Brendon Craigie
Director
17th October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tyto Public Relations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10800384 . The registered office is 49 Greek Street, London, W1D 4EG.
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 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 and 10 years respectively.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are trademarks. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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 25% Reducing Balance
Computer Equipment 3 Years Straight Line
2.6. 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 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.
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 assets reflect 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.
Page 3
Page 4
2.7. EMI Share Options
This is the provision of Enterprise Management Incentive (EMI) options to its employees. An EMI is a tax efficient share options scheme granted to employees which gives them the right to purchase a certain number of shares in the company at an agreed exercise price. This is pursuant to the rules of the Tyto Public Relations Limited EMI Share Option Plan adopted by the Board on 27th July 2018.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 22)
19 22
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 July 2023 228,775 2,847 231,622
Additions 1,144,606 630 1,145,236
Revaluations (19,714 ) - (19,714 )
As at 30 June 2024 1,353,667 3,477 1,357,144
Amortisation
As at 1 July 2023 26,690 173 26,863
Provided during the period 144,435 327 144,762
As at 30 June 2024 171,125 500 171,625
Net Book Value
As at 30 June 2024 1,182,542 2,977 1,185,519
As at 1 July 2023 202,085 2,674 204,759
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 32,162 68,565 100,727
Additions 690 4,010 4,700
As at 30 June 2024 32,852 72,575 105,427
Depreciation
As at 1 July 2023 16,668 42,432 59,100
Provided during the period 3,958 14,364 18,322
As at 30 June 2024 20,626 56,796 77,422
Net Book Value
As at 30 June 2024 12,226 15,779 28,005
As at 1 July 2023 15,494 26,133 41,627
Page 4
Page 5
6. Investments
Unlisted
£
Cost
As at 1 July 2023 351,097
Additions 164,632
As at 30 June 2024 515,729
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 515,729
As at 1 July 2023 351,097
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 315,160 702,234
Prepayments and accrued income 109,332 65,075
Other debtors 4,166 2,266
Amounts owed by associates 106,476 93,632
535,134 863,207
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 487,284 767,231
Bank loans and overdrafts 10,000 10,000
Corporation tax 186,909 140,417
Other taxes and social security 64,025 99,828
Other creditors 292,131 149,530
Accruals and deferred income 41,284 485,064
Directors' loan accounts 147,592 181,773
Amounts owed to associates - 120,000
1,229,225 1,953,843
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,188 19,177
Page 5
Page 6
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
97,143 Ordinary Shares of £ 0.01 each 971 962
5,841 Ordinary A shares of £ 0.01 each 58 50
9,000 Ordinary B shares of £ 0.01 each 90 -
250 Ordinary C shares of £ 0.01 each 3 -
1,122 1,012
Shares issued during the period: £
989 Ordinary Shares of £ 0.01 each 9
868 Ordinary A shares of £ 0.01 each 8
9,000 Ordinary B shares of £ 0.01 each 90
250 Ordinary C shares of £ 0.01 each 3
110
Page 6