Acorah Software Products - Accounts Production 16.0.110 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07142835 Mr Jamie Oborne Mr Brian Smith Mr Edward Blow MSE Secretarial Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07142835 2022-12-31 07142835 2023-12-31 07142835 2023-01-01 2023-12-31 07142835 frs-core:CurrentFinancialInstruments 2023-12-31 07142835 frs-core:Non-currentFinancialInstruments 2023-12-31 07142835 frs-core:PlantMachinery 2023-12-31 07142835 frs-core:PlantMachinery 2023-01-01 2023-12-31 07142835 frs-core:PlantMachinery 2022-12-31 07142835 frs-core:SharePremium 2023-12-31 07142835 frs-core:ShareCapital 2023-12-31 07142835 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07142835 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07142835 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07142835 frs-bus:SmallEntities 2023-01-01 2023-12-31 07142835 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07142835 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07142835 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07142835 frs-core:UnlistedNon-exchangeTraded 2022-12-31 07142835 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 07142835 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07142835 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07142835 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07142835 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 07142835 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07142835 frs-bus:Director1 2023-01-01 2023-12-31 07142835 frs-bus:Director2 2023-01-01 2023-12-31 07142835 frs-bus:Director3 2023-01-01 2023-12-31 07142835 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07142835 frs-countries:EnglandWales 2023-01-01 2023-12-31 07142835 2021-12-31 07142835 2022-12-31 07142835 2022-01-01 2022-12-31 07142835 frs-core:CurrentFinancialInstruments 2022-12-31 07142835 frs-core:Non-currentFinancialInstruments 2022-12-31 07142835 frs-core:SharePremium 2022-12-31 07142835 frs-core:ShareCapital 2022-12-31 07142835 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07142835
Dirty Hit Limited
Financial Statements
For The Year Ended 31 December 2023
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07142835
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,621 51,040
Investments 5 889 861
56,510 51,901
CURRENT ASSETS
Debtors 6 2,382,792 2,704,870
Cash at bank and in hand 419,970 568,130
2,802,762 3,273,000
Creditors: Amounts Falling Due Within One Year 7 (11,575,537 ) (11,486,630 )
NET CURRENT ASSETS (LIABILITIES) (8,772,775 ) (8,213,630 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,716,265 ) (8,161,729 )
NET LIABILITIES (8,716,265 ) (8,161,729 )
CAPITAL AND RESERVES
Called up share capital 8 440 440
Share premium account 154,167 154,167
Profit and Loss Account (8,870,872 ) (8,316,336 )
SHAREHOLDERS' FUNDS (8,716,265) (8,161,729)
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For the year ending 31 December 2023 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 Jamie Oborne
Director
24/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dirty Hit Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07142835 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the directors and related entities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of Value Added Tax. Turnover includes revenue earned from the sale of goods, touring income and from the receipt of advances and royalties.
2.4. 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 20% straight line
2.5. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.6. 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.
2.7. Taxation
Corporation 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 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.
2.8. 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.
2.9. Artist royalties payable
Royalties payable to artists are provided in the financial statements by reference to the contractual due date.
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2.10. Fixed asset invesments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit & loss account.

2.11. Group accounts
The company has taken advantage of the exemption under Section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent company, qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 15 15
15 15
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 120,395
Additions 24,271
As at 31 December 2023 144,666
Depreciation
As at 1 January 2023 69,355
Provided during the period 19,690
As at 31 December 2023 89,045
Net Book Value
As at 31 December 2023 55,621
As at 1 January 2023 51,040
5. Investments
Unlisted
£
Cost
As at 1 January 2023 861
Additions 101
Revaluations (73 )
As at 31 December 2023 889
Provision
As at 1 January 2023 -
As at 31 December 2023 -
...CONTINUED
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Net Book Value
As at 31 December 2023 889
As at 1 January 2023 861
The fixed asset investment relates to 100% shareholdings in Dirty Hit USA Inc, a company incorporated in the United States of America and Dirty Hit Merchandise Ltd, a company incorporated in the United Kingdom.
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 389,463 1,178,535
Prepayments and accrued income 787,600 694,296
Other debtors 112,266 168,572
VAT 99,257 -
Other taxes and social security 7,976 -
1,396,562 2,041,403
Due after more than one year
Other debtors 986,230 663,467
2,382,792 2,704,870
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 980,130 303,313
VAT - 131,846
Other creditors 509,707 105,744
Accruals and deferred income 10,085,700 10,945,727
11,575,537 11,486,630
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 440 440
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