Acorah Software Products - Accounts Production 16.1.200 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09172191 Mr Neil Kerly Mr Neil Kerly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09172191 2023-08-31 09172191 2024-08-31 09172191 2023-09-01 2024-08-31 09172191 frs-core:CurrentFinancialInstruments 2024-08-31 09172191 frs-core:ComputerEquipment 2024-08-31 09172191 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09172191 frs-core:ComputerEquipment 2023-08-31 09172191 frs-core:SharePremium 2024-08-31 09172191 frs-core:ShareCapital 2024-08-31 09172191 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09172191 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09172191 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09172191 frs-bus:SmallEntities 2023-09-01 2024-08-31 09172191 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09172191 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09172191 frs-bus:Director1 2023-09-01 2024-08-31 09172191 frs-bus:Director1 2023-08-31 09172191 frs-bus:Director1 2024-08-31 09172191 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 09172191 frs-countries:EnglandWales 2023-09-01 2024-08-31 09172191 2022-08-31 09172191 2023-08-31 09172191 2022-09-01 2023-08-31 09172191 frs-core:CurrentFinancialInstruments 2023-08-31 09172191 frs-core:SharePremium 2023-08-31 09172191 frs-core:ShareCapital 2023-08-31 09172191 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09172191
Nephew Media (England) Limited
Financial Statements
For The Year Ended 31 August 2024
Henniker & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09172191
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,202 13,090
27,202 13,090
CURRENT ASSETS
Stocks 5 11,715 1,000
Debtors 6 38,826 63,960
Cash at bank and in hand 8,445 8,041
58,986 73,001
Creditors: Amounts Falling Due Within One Year 7 (34,089 ) (34,621 )
NET CURRENT ASSETS (LIABILITIES) 24,897 38,380
TOTAL ASSETS LESS CURRENT LIABILITIES 52,099 51,470
NET ASSETS 52,099 51,470
CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Share premium account 49,900 49,900
Profit and Loss Account 1,099 470
SHAREHOLDERS' FUNDS 52,099 51,470
Page 1
Page 2
For the year ending 31 August 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 Neil Kerly
Director
22/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nephew Media (England) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09172191 . The registered office is 1st Floor 45-47 Cheapside, Spennymoor, DL16 6QF.
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:
Computer Equipment 25% reducing balance
2.4. 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.
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 21,500
Additions 20,554
As at 31 August 2024 42,054
Depreciation
As at 1 September 2023 8,410
Provided during the period 6,442
As at 31 August 2024 14,852
Net Book Value
As at 31 August 2024 27,202
As at 1 September 2023 13,090
5. Stocks
2024 2023
£ £
Work in progress 11,715 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,908 53,121
Other debtors 3,918 10,839
38,826 63,960
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 2,850
Other creditors 10,449 11,003
Taxation and social security 23,639 20,768
34,089 34,621
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,100 1,100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Neil Kerly 5,321 23,030 25,455 - 2,896
The above loan is unsecured, interest free and repayable on demand.
Page 5