Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08711922 Mr Kevin Tasker Ms Grace Reynolds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08711922 2023-01-31 08711922 2024-01-31 08711922 2023-02-01 2024-01-31 08711922 frs-core:CurrentFinancialInstruments 2024-01-31 08711922 frs-core:Non-currentFinancialInstruments 2024-01-31 08711922 frs-core:PlantMachinery 2024-01-31 08711922 frs-core:PlantMachinery 2023-02-01 2024-01-31 08711922 frs-core:PlantMachinery 2023-01-31 08711922 frs-core:ShareCapital 2024-01-31 08711922 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08711922 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08711922 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08711922 frs-bus:SmallEntities 2023-02-01 2024-01-31 08711922 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08711922 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08711922 frs-bus:Director1 2023-02-01 2024-01-31 08711922 frs-bus:Director2 2023-02-01 2024-01-31 08711922 frs-countries:EnglandWales 2023-02-01 2024-01-31 08711922 2022-01-31 08711922 2023-01-31 08711922 2022-02-01 2023-01-31 08711922 frs-core:CurrentFinancialInstruments 2023-01-31 08711922 frs-core:Non-currentFinancialInstruments 2023-01-31 08711922 frs-core:ShareCapital 2023-01-31 08711922 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08711922
Blank Canvas Entertainment Limited
Financial Statements
For The Year Ended 31 January 2024
Boyett Mayes Limited
The Stables, Moneys Farm
Bottle Lane
Mattingley
Hampshire
RG27 8LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08711922
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,558 8,180
11,558 8,180
CURRENT ASSETS
Debtors 5 316,795 259,278
Cash at bank and in hand 205,720 105,967
522,515 365,245
Creditors: Amounts Falling Due Within One Year 6 (348,370 ) (285,184 )
NET CURRENT ASSETS (LIABILITIES) 174,145 80,061
TOTAL ASSETS LESS CURRENT LIABILITIES 185,703 88,241
Creditors: Amounts Falling Due After More Than One Year 7 (15,000 ) (25,000 )
NET ASSETS 170,703 63,241
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 169,703 62,241
SHAREHOLDERS' FUNDS 170,703 63,241
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For the year ending 31 January 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 Kevin Tasker
Director
Ms Grace Reynolds
Director
15th 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. General Information
Blank Canvas Entertainment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08711922 . The registered office is The Stables, Moneys Farm, Bottle Lane, Mattingley, Hampshire, RG27 8LJ.
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.

The business provides entertainment services, for which Turnover is recognised only after the date of the event.
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 Over 3 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 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.
...CONTINUED
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2.4. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 7)
12 7
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 20,502
Additions 8,168
Disposals (4,468 )
As at 31 January 2024 24,202
Depreciation
As at 1 February 2023 12,322
Provided during the period 4,791
Disposals (4,469 )
As at 31 January 2024 12,644
Net Book Value
As at 31 January 2024 11,558
As at 1 February 2023 8,180
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 307,595 213,078
Other debtors 9,200 46,200
316,795 259,278
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 93,245 33,225
Bank loans and overdrafts 12,204 10,000
Corporation tax 35,770 16,269
VAT 112,487 76,191
Other creditors 9,331 25,201
Accruals and deferred income 69,261 76,227
Directors' loan accounts 16,072 48,071
348,370 285,184
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,000 25,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
Rent of £26,200 (2022: £26,200) is charged by Mr Tasker, a director of the company. As well as the directors loan, included in other debtors is an amount of £9,200 (2023: £46,200) due from a company in which Mr Tasker has a significant interest.
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