Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11238260 Mr James Dunkley MARCH MUTUAL SECRETARIAL SERVICES LTD iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11238260 2023-02-28 11238260 2024-02-28 11238260 2023-03-01 2024-02-28 11238260 frs-core:CurrentFinancialInstruments 2024-02-28 11238260 frs-core:ComputerEquipment 2024-02-28 11238260 frs-core:ComputerEquipment 2023-03-01 2024-02-28 11238260 frs-core:ComputerEquipment 2023-02-28 11238260 frs-core:ShareCapital 2024-02-28 11238260 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11238260 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11238260 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11238260 frs-bus:SmallEntities 2023-03-01 2024-02-28 11238260 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 11238260 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11238260 frs-bus:Director1 2023-03-01 2024-02-28 11238260 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 11238260 frs-countries:EnglandWales 2023-03-01 2024-02-28 11238260 2022-02-28 11238260 2023-02-28 11238260 2022-03-01 2023-02-28 11238260 frs-core:CurrentFinancialInstruments 2023-02-28 11238260 frs-core:ShareCapital 2023-02-28 11238260 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11238260
Interact Studio Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Interact Studio Ltd For The Year Ended 28 February 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Interact Studio Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Interact Studio Ltd , as a body, in accordance with the terms of our engagement letter dated 11 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of Interact Studio Ltd and state those matters that we have agreed to state to the director of Interact Studio Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Interact Studio Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Interact Studio Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Interact Studio Ltd . You consider that Interact Studio Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Interact Studio Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
22 August 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Page 1
Page 2
Balance Sheet
Registered number: 11238260
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 2,343 1,926
2,343 1,926
CURRENT ASSETS
Cash at bank and in hand 34,650 64,763
34,650 64,763
Creditors: Amounts Falling Due Within One Year 4 (2,191 ) (13,300 )
NET CURRENT ASSETS (LIABILITIES) 32,459 51,463
TOTAL ASSETS LESS CURRENT LIABILITIES 34,802 53,389
NET ASSETS 34,802 53,389
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 34,801 53,388
SHAREHOLDERS' FUNDS 34,802 53,389
Page 2
Page 3
For the year ending 28 February 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 James Dunkley
Director
22 August 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 33% straight line method
1.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 9,075
Additions 2,069
As at 28 February 2024 11,144
Depreciation
As at 1 March 2023 7,149
Provided during the period 1,652
As at 28 February 2024 8,801
...CONTINUED
Page 4
Page 5
Net Book Value
As at 28 February 2024 2,343
As at 1 March 2023 1,926
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,291 11,500
Accruals and deferred income 900 1,800
2,191 13,300
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 24,504 38,496
Page 5