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Registered number: 12041207
Dux Media Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12041207
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,373 1,846
1,373 1,846
CURRENT ASSETS
Debtors 4 65,623 31,557
Cash at bank and in hand 297,420 213,373
363,043 244,930
Creditors: Amounts Falling Due Within One Year 5 (58,658 ) (860 )
NET CURRENT ASSETS (LIABILITIES) 304,385 244,070
TOTAL ASSETS LESS CURRENT LIABILITIES 305,758 245,916
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (343 ) -
NET ASSETS 305,415 245,916
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 305,414 245,915
SHAREHOLDERS' FUNDS 305,415 245,916
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr P Berisha
Director
19/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
1.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will  continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements. 
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4. 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 33.33% Straight Line
1.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
1.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
1.9. Cash and cash equivalents:
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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1.10. Critical Accounting Judgement And Key Sources Of Estimation Uncertainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
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3. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 3,077
Additions 829
As at 30 June 2024 3,906
Depreciation
As at 1 July 2023 1,231
Provided during the period 1,302
As at 30 June 2024 2,533
Net Book Value
As at 30 June 2024 1,373
As at 1 July 2023 1,846
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 26,050
Prepayments and accrued income 26,473 2,040
Other debtors 39,150 -
Net wages - 3,227
Director's loan account - 240
65,623 31,557
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,628 -
Corporation tax 41,933 -
VAT - 854
Pensions payable 563 6
Other creditors 10,845 -
Accruals and deferred income 3,240 -
Director's loan account 449 -
58,658 860
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Deferred Tax 343 -
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
The nominal value per share is £1 and as at the year end there is 1 Ordinary share in issue.
8. Pension Commitments
The company operates a defined contribution pension scheme for directors and staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £563 were due to the fund. They are included in creditors and shown seperatly.
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 43,035 32,500
43,035 32,500
10. Related Party Transactions
As at the year-end, the Directors Loan Account balance of Mr P Berisha is £449, which is a current liability, interest free and repayable on demand.
11. General Information
Dux Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12041207 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
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