Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12098719 D R Corbin M J Austen G J Farley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12098719 2023-07-31 12098719 2024-07-31 12098719 2023-08-01 2024-07-31 12098719 frs-core:CurrentFinancialInstruments 2024-07-31 12098719 frs-core:Non-currentFinancialInstruments 2024-07-31 12098719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 12098719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12098719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 12098719 frs-core:PlantMachinery 2024-07-31 12098719 frs-core:PlantMachinery 2023-08-01 2024-07-31 12098719 frs-core:PlantMachinery 2023-07-31 12098719 frs-core:ShareCapital 2024-07-31 12098719 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12098719 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12098719 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12098719 frs-bus:SmallEntities 2023-08-01 2024-07-31 12098719 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12098719 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12098719 1 2023-08-01 2024-07-31 12098719 frs-bus:Director1 2023-08-01 2024-07-31 12098719 frs-bus:Director2 2023-08-01 2024-07-31 12098719 frs-bus:Director3 2023-08-01 2024-07-31 12098719 frs-countries:EnglandWales 2023-08-01 2024-07-31 12098719 2022-07-31 12098719 2023-07-31 12098719 2022-08-01 2023-07-31 12098719 frs-core:CurrentFinancialInstruments 2023-07-31 12098719 frs-core:Non-currentFinancialInstruments 2023-07-31 12098719 frs-core:ShareCapital 2023-07-31 12098719 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12098719
Gorilla Studios Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12098719
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,520,739 1,501,394
1,520,739 1,501,394
CURRENT ASSETS
Debtors 5 6,614 3,960
Cash at bank and in hand 5,789 8,416
12,403 12,376
Creditors: Amounts Falling Due Within One Year 6 (366,675 ) (365,573 )
NET CURRENT ASSETS (LIABILITIES) (354,272 ) (353,197 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,166,467 1,148,197
Creditors: Amounts Falling Due After More Than One Year 7 (571,730 ) (586,403 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (118,291 ) (115,128 )
NET ASSETS 476,446 446,666
CAPITAL AND RESERVES
Called up share capital 8 6 6
Profit and Loss Account 476,440 446,660
SHAREHOLDERS' FUNDS 476,446 446,666
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Page 2
For the year ending 31 July 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
D R Corbin
Director
6 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Gorilla Studios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12098719 . The registered office is Unit 40, Meridian House, Battersea Reach, Juniper Drive, Wandsworth, London, SW18 1QS.
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 rents. Turnover is recognised in the period the rent falls due.

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. The freehold property has been revalued by the directors at the balance sheet date. Revaluation method will be used on an annual basis in future accounting periods.
Freehold 2% straight line
Plant & Machinery 25% reducing balance
2.4. 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.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 August 2023 1,539,125 2,361 1,541,486
Additions - 635 635
Revaluation 50,000 - 50,000
As at 31 July 2024 1,589,125 2,996 1,592,121
Depreciation
As at 1 August 2023 39,125 967 40,092
Provided during the period 30,783 507 31,290
As at 31 July 2024 69,908 1,474 71,382
Net Book Value
As at 31 July 2024 1,519,217 1,522 1,520,739
As at 1 August 2023 1,500,000 1,394 1,501,394
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,760 3,960
Other debtors 854 -
6,614 3,960
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 27,632 27,632
Other creditors 334,854 334,854
Taxation and social security 4,189 3,087
366,675 365,573
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 571,730 586,403
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
9. Related Party Transactions
Austen Corbin Productions LimitedThe above is a related party by virtue of 2 of the directors of the company also being directors of the related party.At the balance sheet date the company owed to the related party £10,674 (2023: £10,674). No interest has been charged on this loan during the period.

Austen Corbin Productions Limited

The above is a related party by virtue of 2 of the directors of the company also being directors of the related party.

At the balance sheet date the company owed to the related party £10,674 (2023: £10,674). No interest has been charged on this loan during the period.

M AustenThe above is a related party by virtue of being a director.At the balance sheet date the company owed the director £49,840 (2023: £49,999) . No interest has been charged on this loan during the period.

M Austen

The above is a related party by virtue of being a director.

At the balance sheet date the company owed the director £49,840 (2023: £49,999) . No interest has been charged on this loan during the period.

D CorbinThe above is a related party by virture of being a director.At the balance sheet date the company owed the director £49,999 (2023: £49,999). No interest has been charged on this loan during the period.

D Corbin

The above is a related party by virture of being a director.

At the balance sheet date the company owed the director £49,999 (2023: £49,999). No interest has been charged on this loan during the period.

G FarleyThe above is a related party by virtue of being a director.At the balance sheet date the company owed the director £221,140 (2023: £221,140) . No interest has been charged on this loan during the period.

G Farley

The above is a related party by virtue of being a director.

At the balance sheet date the company owed the director £221,140 (2023: £221,140) . No interest has been charged on this loan during the period.

10. Ultimate Controlling Party
The company's ultimate controlling party is G Farley by virtue of his majority shareholding in the issued share capital of the company.
11. Charges
There is a fixed charge held over the assets of the company by National Westminster Bank PLC.
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