Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08575262 Ms Charley Snook Mr Colin Batsa Mr Ufuoma Omosevwerha iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08575262 2023-06-30 08575262 2024-06-30 08575262 2023-07-01 2024-06-30 08575262 frs-core:CurrentFinancialInstruments 2024-06-30 08575262 frs-core:Non-currentFinancialInstruments 2024-06-30 08575262 frs-core:ShareCapital 2024-06-30 08575262 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08575262 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08575262 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08575262 frs-bus:SmallEntities 2023-07-01 2024-06-30 08575262 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08575262 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08575262 frs-bus:Director1 2023-07-01 2024-06-30 08575262 frs-bus:Director2 2023-07-01 2024-06-30 08575262 frs-bus:Director3 2023-07-01 2024-06-30 08575262 frs-countries:EnglandWales 2023-07-01 2024-06-30 08575262 2022-06-30 08575262 2023-06-30 08575262 2022-07-01 2023-06-30 08575262 frs-core:CurrentFinancialInstruments 2023-06-30 08575262 frs-core:Non-currentFinancialInstruments 2023-06-30 08575262 frs-core:ShareCapital 2023-06-30 08575262 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08575262
EGA RECORDS LTD
Unaudited Financial Statements
For The Year Ended 30 June 2024
Livewire Business Management (UK)
1st Floor 17-19 Foley Street
London
W1W 6DW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08575262
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 91,886 28,655
Cash at bank and in hand 5,432 77,989
97,318 106,644
Creditors: Amounts Falling Due Within One Year 5 (57,091 ) (34,935 )
NET CURRENT ASSETS (LIABILITIES) 40,227 71,709
TOTAL ASSETS LESS CURRENT LIABILITIES 40,227 71,709
Creditors: Amounts Falling Due After More Than One Year 6 (1,492,331 ) (1,981,680 )
NET LIABILITIES (1,452,104 ) (1,909,971 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (1,452,204 ) (1,910,071 )
SHAREHOLDERS' FUNDS (1,452,104) (1,909,971)
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.
The financial statements were approved by the board of directors on 22 November 2024 and were signed on its behalf by:
Mr Colin Batsa
Director
22/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
EGA RECORDS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08575262 . The registered office is The Universal Building, 364-366 Kensington High Street, London, England, W14 8NS.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests - 7,400
Other debtors 91,886 21,255
91,886 28,655
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,247 913
Amounts owed to participating interests 50,050 27,145
Other creditors 5,794 6,877
57,091 34,935
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 1,492,331 1,981,680
Page 2
Page 3
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included in other creditors is £25,619 (2023: £27,145) due to EGA Music Ltd and £24,431 (2023: £7,400 owed by) owed to EGA Distro Limited, companies which have common directors and shareholders.
Page 3