Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02670908 Mr Peter Robinson Mrs Santosh Robinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02670908 2023-03-31 02670908 2024-03-31 02670908 2023-04-01 2024-03-31 02670908 frs-core:CurrentFinancialInstruments 2024-03-31 02670908 frs-core:Non-currentFinancialInstruments 2024-03-31 02670908 frs-core:FurnitureFittings 2024-03-31 02670908 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02670908 frs-core:FurnitureFittings 2023-03-31 02670908 frs-core:ShareCapital 2024-03-31 02670908 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02670908 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02670908 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02670908 frs-bus:SmallEntities 2023-04-01 2024-03-31 02670908 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02670908 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02670908 frs-bus:Director1 2023-04-01 2024-03-31 02670908 frs-bus:Director2 2023-04-01 2024-03-31 02670908 frs-countries:EnglandWales 2023-04-01 2024-03-31 02670908 2022-03-31 02670908 2023-03-31 02670908 2022-04-01 2023-03-31 02670908 frs-core:CurrentFinancialInstruments 2023-03-31 02670908 frs-core:Non-currentFinancialInstruments 2023-03-31 02670908 frs-core:ShareCapital 2023-03-31 02670908 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02670908
Dome Records Limited
Financial Statements
For The Year Ended 31 March 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02670908
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,917 4,608
3,917 4,608
CURRENT ASSETS
Stocks 5 11,528 18,508
Debtors 6 11,134 13,928
Cash at bank and in hand 53,390 37,964
76,052 70,400
Creditors: Amounts Falling Due Within One Year 7 (67,398 ) (54,950 )
NET CURRENT ASSETS (LIABILITIES) 8,654 15,450
TOTAL ASSETS LESS CURRENT LIABILITIES 12,571 20,058
Creditors: Amounts Falling Due After More Than One Year 8 - (2,770 )
NET ASSETS 12,571 17,288
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 12,471 17,188
SHAREHOLDERS' FUNDS 12,571 17,288
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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 Peter Robinson
Director
05/11/2024
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
Dome Records Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02670908 . The registered office is 1st Floor, 104 Oxford Street, Fitzrovia, London, W1D 1LP.
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 Tax. Turnover includes revenue earned from the sale of goods and from the receipt of advances & royalties.
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:
Fixtures & Fittings 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.6. 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.
2.7. Taxation
Corporation 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.

2.8. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 33,483
As at 31 March 2024 33,483
Depreciation
As at 1 April 2023 28,875
Provided during the period 691
As at 31 March 2024 29,566
Net Book Value
As at 31 March 2024 3,917
As at 1 April 2023 4,608
5. Stocks
2024 2023
£ £
Finished goods 11,528 13,508
Work in progress - 5,000
11,528 18,508
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,134 13,928
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 51,956 45,261
Bank loans and overdrafts 3,026 4,128
Corporation tax 22 22
Other taxes and social security 392 2,878
VAT 4,674 1,212
Other creditors 1,644 793
Directors' loan accounts 5,684 656
67,398 54,950
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 2,770
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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