Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08689689 Mrs Briony Thomas Mr David Thomas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08689689 2023-09-30 08689689 2024-09-30 08689689 2023-10-01 2024-09-30 08689689 frs-core:CurrentFinancialInstruments 2024-09-30 08689689 frs-core:Non-currentFinancialInstruments 2024-09-30 08689689 frs-core:ComputerEquipment 2024-09-30 08689689 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08689689 frs-core:ComputerEquipment 2023-09-30 08689689 frs-core:FurnitureFittings 2024-09-30 08689689 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08689689 frs-core:FurnitureFittings 2023-09-30 08689689 frs-core:PlantMachinery 2024-09-30 08689689 frs-core:PlantMachinery 2023-10-01 2024-09-30 08689689 frs-core:PlantMachinery 2023-09-30 08689689 frs-core:ShareCapital 2024-09-30 08689689 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08689689 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08689689 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08689689 frs-bus:SmallEntities 2023-10-01 2024-09-30 08689689 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08689689 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08689689 frs-bus:Director1 2023-10-01 2024-09-30 08689689 frs-bus:Director2 2023-10-01 2024-09-30 08689689 frs-countries:EnglandWales 2023-10-01 2024-09-30 08689689 2022-09-30 08689689 2023-09-30 08689689 2022-10-01 2023-09-30 08689689 frs-core:CurrentFinancialInstruments 2023-09-30 08689689 frs-core:Non-currentFinancialInstruments 2023-09-30 08689689 frs-core:ShareCapital 2023-09-30 08689689 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08689689
Studio 180 Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
RPJ Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08689689
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,517 5,020
1,517 5,020
CURRENT ASSETS
Debtors 5 7,316 6,466
Cash at bank and in hand 40,806 32,011
48,122 38,477
Creditors: Amounts Falling Due Within One Year 6 (4,927 ) (5,661 )
NET CURRENT ASSETS (LIABILITIES) 43,195 32,816
TOTAL ASSETS LESS CURRENT LIABILITIES 44,712 37,836
Creditors: Amounts Falling Due After More Than One Year 7 (15,800 ) (15,800 )
NET ASSETS 28,912 22,036
CAPITAL AND RESERVES
Called up share capital 8 109,000 109,000
Profit and Loss Account (80,088 ) (86,964 )
SHAREHOLDERS' FUNDS 28,912 22,036
Page 1
Page 2
For the year ending 30 September 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
Mr David Thomas
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Studio 180 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08689689 . The registered office is UNIT 8, BUSINESS CENTRE EAST, FIFTH AVENUE, LETCHWORTH GARDEN CITY, HERTFORDSHIRE, SG6 2TS.
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.
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:
Plant & Machinery 10% Straight Line
Fixtures & Fittings 10% Straight Line
Computer Equipment 25% straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 27,754 86,559 1,141 115,454
As at 30 September 2024 27,754 86,559 1,141 115,454
Depreciation
As at 1 October 2023 25,606 84,418 410 110,434
Provided during the period 2,148 1,070 285 3,503
As at 30 September 2024 27,754 85,488 695 113,937
Net Book Value
As at 30 September 2024 - 1,071 446 1,517
As at 1 October 2023 2,148 2,141 731 5,020
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 595 1,495
Other debtors 6,721 4,971
7,316 6,466
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 3,188 4,261
Taxation and social security 1,739 1,400
4,927 5,661
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 15,800 15,800
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 109,000 109,000
Page 4