Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 06400316 Mr Alan Poole Mrs Nicole Hargrave Cake Positive Ltd 2-4 The Byres, Wicklesham Lodge Farm, Farringdon, Oxfordshire SN7 7PN true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06400316 2023-02-28 06400316 2024-02-29 06400316 2023-03-01 2024-02-29 06400316 frs-core:CurrentFinancialInstruments 2024-02-29 06400316 frs-core:BetweenOneFiveYears 2024-02-29 06400316 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 06400316 frs-core:FurnitureFittings 2024-02-29 06400316 frs-core:FurnitureFittings 2023-03-01 2024-02-29 06400316 frs-core:FurnitureFittings 2023-02-28 06400316 frs-core:NetGoodwill 2024-02-29 06400316 frs-core:NetGoodwill 2023-03-01 2024-02-29 06400316 frs-core:NetGoodwill 2023-02-28 06400316 frs-core:MotorVehicles 2024-02-29 06400316 frs-core:MotorVehicles 2023-03-01 2024-02-29 06400316 frs-core:MotorVehicles 2023-02-28 06400316 frs-core:OtherResidualIntangibleAssets 2024-02-29 06400316 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 06400316 frs-core:OtherResidualIntangibleAssets 2023-02-28 06400316 frs-core:PlantMachinery 2024-02-29 06400316 frs-core:PlantMachinery 2023-03-01 2024-02-29 06400316 frs-core:PlantMachinery 2023-02-28 06400316 frs-core:WithinOneYear 2024-02-29 06400316 frs-core:CapitalRedemptionReserve 2024-02-29 06400316 frs-core:ShareCapital 2024-02-29 06400316 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06400316 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06400316 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 06400316 frs-bus:SmallEntities 2023-03-01 2024-02-29 06400316 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06400316 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06400316 1 2023-03-01 2024-02-29 06400316 frs-bus:Director1 2023-03-01 2024-02-29 06400316 frs-bus:Director2 2023-03-01 2024-02-29 06400316 frs-countries:EnglandWales 2023-03-01 2024-02-29 06400316 2022-02-28 06400316 2023-02-28 06400316 2022-03-01 2023-02-28 06400316 frs-core:CurrentFinancialInstruments 2023-02-28 06400316 frs-core:BetweenOneFiveYears 2023-02-28 06400316 frs-core:WithinOneYear 2023-02-28 06400316 frs-core:CapitalRedemptionReserve 2023-02-28 06400316 frs-core:ShareCapital 2023-02-28 06400316 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 06400316
Juice Moving Images Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Glenton Smith Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06400316
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 43,307 66,227
Tangible Assets 5 76,466 99,415
119,773 165,642
CURRENT ASSETS
Debtors 6 615,799 760,410
Cash at bank and in hand 1,655,664 1,170,460
2,271,463 1,930,870
Creditors: Amounts Falling Due Within One Year 7 (956,607 ) (991,188 )
NET CURRENT ASSETS (LIABILITIES) 1,314,856 939,682
TOTAL ASSETS LESS CURRENT LIABILITIES 1,434,629 1,105,324
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,116 ) (24,853 )
NET ASSETS 1,415,513 1,080,471
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Capital redemption reserve 2 2
Profit and Loss Account 1,414,511 1,079,469
SHAREHOLDERS' FUNDS 1,415,513 1,080,471
Page 1
Page 2
For the year ending 29 February 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 Alan Poole
Director
11/11/2024
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
Juice Moving Images Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06400316 . The registered office is 2-4 The Byres, Wicklesham Lodge Farm, Farringdon, Oxfordshire, SN7 7PN.
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. 
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 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Intellectual Property included at cost less accumulated amortisation. During the year to 28 February 2022 the anticipated useful life of intellectual property was reviewed. Intellectual property was considered to have a further useful life of 2 years. It has been amortised to the profit and loss account over its estimated economic life of 2 years from 28 February 2022.
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:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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.
Page 3
Page 4
2.8. 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.
2.9. 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.
2.10. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2.11. Share based payments
Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.
The expense in relation to options over the parent company's shares granted to employees of a subsidiary is recognised by the company as a capital contribution, and presented as an increase in the company's investment in the subsidiary.
Cancellations or settlements are treated as acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 26)
26 26
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 March 2023 270,731 50,000 320,731
As at 29 February 2024 270,731 50,000 320,731
Amortisation
As at 1 March 2023 209,504 45,000 254,504
Provided during the period 17,920 5,000 22,920
As at 29 February 2024 227,424 50,000 277,424
...CONTINUED
Page 4
Page 5
Net Book Value
As at 29 February 2024 43,307 - 43,307
As at 1 March 2023 61,227 5,000 66,227
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 322,634 38,687 46,906 408,227
Additions 24,481 - 1,902 26,383
Disposals (33,524 ) - (1,845 ) (35,369 )
As at 29 February 2024 313,591 38,687 46,963 399,241
Depreciation
As at 1 March 2023 243,008 24,934 40,870 308,812
Provided during the period 36,677 5,001 2,148 43,826
Disposals (29,273 ) - (590 ) (29,863 )
As at 29 February 2024 250,412 29,935 42,428 322,775
Net Book Value
As at 29 February 2024 63,179 8,752 4,535 76,466
As at 1 March 2023 79,626 13,753 6,036 99,415
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 426,893 586,515
Amounts owed by group undertakings 49,798 46,558
Other debtors 139,108 127,337
615,799 760,410
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 45,092 75,994
Bank loans and overdrafts 7,247 20,383
Other creditors 572,240 638,384
Taxation and social security 332,028 256,427
956,607 991,188
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5
Page 6
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,100 -
Later than one year and not later than five years 278,506 265,632
285,606 265,632
10. Related Party Transactions
The company is a subsidiary of Cake Positive Ltd. Accordingly, the company has taken advantage of the exemption in section 33 of FRS 102 from disclosing transactions with the group.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Cake Positive Ltd . Cake Positive Ltd was incorporated in England and Wales. The ultimate controlling party is Cake Positive Ltd who controls 100% of the shares of Juice Moving Images Limited .
Page 6