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 04028576 S C Wallett A N Whitney true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04028576 2023-07-31 04028576 2024-07-31 04028576 2023-08-01 2024-07-31 04028576 frs-core:CurrentFinancialInstruments 2024-07-31 04028576 frs-core:Non-currentFinancialInstruments 2024-07-31 04028576 frs-core:ComputerEquipment 2024-07-31 04028576 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04028576 frs-core:ComputerEquipment 2023-07-31 04028576 frs-core:FurnitureFittings 2024-07-31 04028576 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04028576 frs-core:FurnitureFittings 2023-07-31 04028576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 04028576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04028576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 04028576 frs-core:ShareCapital 2024-07-31 04028576 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04028576 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04028576 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04028576 frs-bus:SmallEntities 2023-08-01 2024-07-31 04028576 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04028576 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04028576 1 2023-08-01 2024-07-31 04028576 frs-bus:Director1 2023-08-01 2024-07-31 04028576 frs-bus:Director2 2023-08-01 2024-07-31 04028576 frs-countries:EnglandWales 2023-08-01 2024-07-31 04028576 2022-07-31 04028576 2023-07-31 04028576 2022-08-01 2023-07-31 04028576 frs-core:CurrentFinancialInstruments 2023-07-31 04028576 frs-core:Non-currentFinancialInstruments 2023-07-31 04028576 frs-core:ShareCapital 2023-07-31 04028576 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04028576
Hot Knife Digital Media Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04028576
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 238,442 238,958
238,442 238,958
CURRENT ASSETS
Debtors 4 11,333 8,033
Cash at bank and in hand 49,118 87,992
60,451 96,025
Creditors: Amounts Falling Due Within One Year 5 (13,909 ) (20,949 )
NET CURRENT ASSETS (LIABILITIES) 46,542 75,076
TOTAL ASSETS LESS CURRENT LIABILITIES 284,984 314,034
Creditors: Amounts Falling Due After More Than One Year 6 (16,629 ) (17,121 )
NET ASSETS 268,355 296,913
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 268,255 296,813
SHAREHOLDERS' FUNDS 268,355 296,913
Page 1
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
S C Wallett
Director
3rd December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
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:
Freehold Freehold property is not depreciated
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
1.6. Taxation
Income tax expense represents the tax currently payable.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
1.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
3. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 214,557 28,061 99,388 342,006
Additions - - 6,433 6,433
As at 31 July 2024 214,557 28,061 105,821 348,439
...CONTINUED
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Page 4
Depreciation
As at 1 August 2023 - 28,061 74,987 103,048
Provided during the period - - 6,949 6,949
As at 31 July 2024 - 28,061 81,936 109,997
Net Book Value
As at 31 July 2024 214,557 - 23,885 238,442
As at 1 August 2023 214,557 - 24,401 238,958
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,800 6,750
Other debtors 533 1,283
11,333 8,033
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,738 8,699
Bank loans and overdrafts 1,973 3,444
Corporation tax 905 7,225
Other taxes and social security 4,140 1,425
Other creditors 153 156
13,909 20,949
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,629 17,121
7. Ultimate Controlling Party
The company is controlled by the directors.
Page 4