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 12477495 Mr Edward Bowsher Mr Alasdair Burns iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12477495 2023-06-30 12477495 2024-06-30 12477495 2023-07-01 2024-06-30 12477495 frs-core:CurrentFinancialInstruments 2024-06-30 12477495 frs-core:ComputerEquipment 2024-06-30 12477495 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12477495 frs-core:ComputerEquipment 2023-06-30 12477495 frs-core:ShareCapital 2024-06-30 12477495 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12477495 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12477495 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12477495 frs-bus:SmallEntities 2023-07-01 2024-06-30 12477495 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12477495 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12477495 frs-bus:Director1 2023-07-01 2024-06-30 12477495 frs-bus:Director2 2023-07-01 2024-06-30 12477495 frs-countries:EnglandWales 2023-07-01 2024-06-30 12477495 2022-06-30 12477495 2023-06-30 12477495 2022-07-01 2023-06-30 12477495 frs-core:CurrentFinancialInstruments 2023-06-30 12477495 frs-core:ShareCapital 2023-06-30 12477495 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12477495
The Nest Media Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12477495
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 15,136 12,302
15,136 12,302
CURRENT ASSETS
Stocks 4 18,517 73,322
Debtors 5 296,845 129,695
Cash at bank and in hand 155,865 223,788
471,227 426,805
Creditors: Amounts Falling Due Within One Year 6 (384,930 ) (331,197 )
NET CURRENT ASSETS (LIABILITIES) 86,297 95,608
TOTAL ASSETS LESS CURRENT LIABILITIES 101,433 107,910
NET ASSETS 101,433 107,910
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 101,333 107,810
SHAREHOLDERS' FUNDS 101,433 107,910
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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 Edward Bowsher
Director
16 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice. 
1.3. 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:
Computer equipment 25% Reducing Balance
1.4. Stocks and Work in Progress
Stock
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. 
1.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
1.6. Foreign Currencies
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.
1.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually. 
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1.8. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 9 (2023: 4)
9 4
3. Tangible Assets
Computer equipment
£
Cost
As at 1 July 2023 14,556
Additions 8,210
As at 30 June 2024 22,766
Depreciation
As at 1 July 2023 2,254
Provided during the period 5,376
As at 30 June 2024 7,630
Net Book Value
As at 30 June 2024 15,136
As at 1 July 2023 12,302
4. Stocks
2024 2023
£ £
Work in progress 18,517 73,322
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 275,612 118,909
Other debtors 21,233 10,786
296,845 129,695
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 110,477 112,882
Other creditors 204,756 134,387
Taxation and social security 69,697 83,928
384,930 331,197
7. General Information
The Nest Media Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 12477495 . The registered office is Unit 1.14, Temple Studios Temple Gate, Bristol, England, BS1 6QA.
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