Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC397767 K McCrae P Nelson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC397767 2023-04-30 SC397767 2024-04-30 SC397767 2023-05-01 2024-04-30 SC397767 frs-core:CurrentFinancialInstruments 2024-04-30 SC397767 frs-core:Non-currentFinancialInstruments 2024-04-30 SC397767 frs-core:FurnitureFittings 2024-04-30 SC397767 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC397767 frs-core:FurnitureFittings 2023-04-30 SC397767 frs-core:WithinOneYear 2024-04-30 SC397767 frs-core:SharePremium 2024-04-30 SC397767 frs-core:ShareCapital 2024-04-30 SC397767 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC397767 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC397767 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC397767 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC397767 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC397767 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC397767 frs-bus:Director1 2023-05-01 2024-04-30 SC397767 frs-bus:Director2 2023-05-01 2024-04-30 SC397767 frs-countries:Scotland 2023-05-01 2024-04-30 SC397767 2022-04-30 SC397767 2023-04-30 SC397767 2022-05-01 2023-04-30 SC397767 frs-core:CurrentFinancialInstruments 2023-04-30 SC397767 frs-core:Non-currentFinancialInstruments 2023-04-30 SC397767 frs-core:BetweenOneFiveYears 2023-04-30 SC397767 frs-core:WithinOneYear 2023-04-30 SC397767 frs-core:SharePremium 2023-04-30 SC397767 frs-core:ShareCapital 2023-04-30 SC397767 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC397767
Playdead Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC397767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,481 36,104
44,481 36,104
CURRENT ASSETS
Debtors 5 740,233 100,296
Cash at bank and in hand 12,606 21,214
752,839 121,510
Creditors: Amounts Falling Due Within One Year 6 (756,002 ) (130,919 )
NET CURRENT ASSETS (LIABILITIES) (3,163 ) (9,409 )
TOTAL ASSETS LESS CURRENT LIABILITIES 41,318 26,695
Creditors: Amounts Falling Due After More Than One Year 7 (6,364 ) (12,518 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,529 ) (6,438 )
NET ASSETS 25,425 7,739
CAPITAL AND RESERVES
Called up share capital 8 101 101
Share premium account 7,301 7,301
Profit and Loss Account 18,023 337
SHAREHOLDERS' FUNDS 25,425 7,739
Page 1
Page 2
For the year ending 30 April 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
P Nelson
Director
19/12/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Playdead Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC397767 . The registered office is Studio 1&2, Ground Floor, The Hive, 1061 Argyle Street, Glasgow, G3 8LZ.
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.
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:
Fixtures & Fittings 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 unless the arrangement constitutes a financing transaction. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

...CONTINUED
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2.5. Financial Instruments - continued
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method . Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
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
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.
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 asset reflects 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.
2.8. 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. Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand.
2.10. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.11. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 17)
21 17
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2023 68,609
Additions 20,803
As at 30 April 2024 89,412
Depreciation
As at 1 May 2023 32,505
Provided during the period 12,426
As at 30 April 2024 44,931
Net Book Value
As at 30 April 2024 44,481
As at 1 May 2023 36,104
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 691,849 65,867
Other debtors 48,384 34,429
740,233 100,296
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,174 15,758
Bank loans and overdrafts 6,136 5,982
Other creditors 646,298 113,585
Taxation and social security 44,394 (4,406 )
756,002 130,919
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,364 12,518
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
Page 5
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 40,815 54,000
Later than one year and not later than five years - 40,995
40,815 94,995
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