Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08455269 Mr Lawrence Gough iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08455269 2023-03-31 08455269 2024-03-31 08455269 2023-04-01 2024-03-31 08455269 frs-core:CurrentFinancialInstruments 2024-03-31 08455269 frs-core:ComputerEquipment 2024-03-31 08455269 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08455269 frs-core:ComputerEquipment 2023-03-31 08455269 frs-core:ShareCapital 2024-03-31 08455269 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08455269 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08455269 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08455269 frs-bus:SmallEntities 2023-04-01 2024-03-31 08455269 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08455269 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08455269 frs-bus:Director1 2023-04-01 2024-03-31 08455269 frs-countries:EnglandWales 2023-04-01 2024-03-31 08455269 2022-03-31 08455269 2023-03-31 08455269 2022-04-01 2023-03-31 08455269 frs-core:CurrentFinancialInstruments 2023-03-31 08455269 frs-core:ShareCapital 2023-03-31 08455269 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08455269
HOAX FILMS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08455269
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,737 9,319
10,737 9,319
CURRENT ASSETS
Debtors 5 - (5,142 )
Cash at bank and in hand 187,878 163,004
187,878 157,862
Creditors: Amounts Falling Due Within One Year 6 (29,407 ) (85,153 )
NET CURRENT ASSETS (LIABILITIES) 158,471 72,709
TOTAL ASSETS LESS CURRENT LIABILITIES 169,208 82,028
NET ASSETS 169,208 82,028
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 169,108 81,928
SHAREHOLDERS' FUNDS 169,208 82,028
Page 1
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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 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 Profit and Loss Account.
On behalf of the board
Mr Lawrence Gough
Director
25/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HOAX FILMS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08455269 . The registered office is 8 LA GARE, 51 SURREY ROW, LONDON, SE1 0BZ.
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.
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.
Revenue recognition
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. 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 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 16,097
Additions 5,885
As at 31 March 2024 21,982
...CONTINUED
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Page 4
Depreciation
As at 1 April 2023 6,778
Provided during the period 4,467
As at 31 March 2024 11,245
Net Book Value
As at 31 March 2024 10,737
As at 1 April 2023 9,319
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - (5,142 )
- (5,142 )
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax 15,040 13,148
PAYE and NIC 1,503 3,832
VAT Liability 9,221 922
Other creditors - 50,000
Accruals 1,350 1,350
Director's loan account 2,293 15,902
29,407 85,153
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 31,981
- 31,981
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9. Related Party Transactions
The company was under the control of the director throughout the current and previous year. Mr Lawrence Gough is the managing director. During the year the company paid Mr Lawrence Gough £780 (PY: £780)as a contribution towards the cost of operating the business from his private premises.
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