Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10704912 Mr Steven Garratt Mr Jonathan Brigden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10704912 2023-04-30 10704912 2024-04-30 10704912 2023-05-01 2024-04-30 10704912 frs-core:CurrentFinancialInstruments 2024-04-30 10704912 frs-core:Non-currentFinancialInstruments 2024-04-30 10704912 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-30 10704912 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-05-01 2024-04-30 10704912 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 10704912 frs-core:NetGoodwill 2024-04-30 10704912 frs-core:NetGoodwill 2023-05-01 2024-04-30 10704912 frs-core:NetGoodwill 2023-04-30 10704912 frs-core:MotorVehicles 2024-04-30 10704912 frs-core:MotorVehicles 2023-05-01 2024-04-30 10704912 frs-core:MotorVehicles 2023-04-30 10704912 frs-core:PlantMachinery 2024-04-30 10704912 frs-core:PlantMachinery 2023-05-01 2024-04-30 10704912 frs-core:PlantMachinery 2023-04-30 10704912 frs-core:ShareCapital 2024-04-30 10704912 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10704912 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10704912 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10704912 frs-bus:SmallEntities 2023-05-01 2024-04-30 10704912 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10704912 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10704912 frs-bus:Director1 2023-05-01 2024-04-30 10704912 frs-bus:Director2 2023-05-01 2024-04-30 10704912 1 2023-05-01 2024-04-30 10704912 frs-countries:EnglandWales 2023-05-01 2024-04-30 10704912 2022-04-30 10704912 2023-04-30 10704912 2022-05-01 2023-04-30 10704912 frs-core:CurrentFinancialInstruments 2023-04-30 10704912 frs-core:Non-currentFinancialInstruments 2023-04-30 10704912 frs-core:ShareCapital 2023-04-30 10704912 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10704912 1 2022-05-01 2023-04-30
Registered number: 10704912
Distortion Creative Group Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10704912
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 86,567 108,209
Tangible Assets 4 107,536 117,151
194,103 225,360
CURRENT ASSETS
Debtors 5 671,388 230,723
Cash at bank and in hand 357 66,379
671,745 297,102
Creditors: Amounts Falling Due Within One Year 6 (633,459 ) (225,257 )
NET CURRENT ASSETS (LIABILITIES) 38,286 71,845
TOTAL ASSETS LESS CURRENT LIABILITIES 232,389 297,205
Creditors: Amounts Falling Due After More Than One Year 7 (263,966 ) (363,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,000 ) (23,000 )
NET LIABILITIES (49,577 ) (88,795 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (49,677 ) (88,895 )
SHAREHOLDERS' FUNDS (49,577) (88,795)
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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
Mr Steven Garratt
Director
Mr Jonathan Brigden
Director
21 January 2025
The notes on pages 3 to 7 form part of these financial statements.
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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. Going Concern Disclosure
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months. 
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
1.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
1.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Intellectual property - 20% straight line
1.6. 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 and machinery 25%,33.33% straight line and 25% Reducing balance
Motor vehicles 25% straight line
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1.7. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and 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.
1.8. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
1.9. Foreign Currencies
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.
1.10. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
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.
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1.11. 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.
1.12. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 17 13
17 13
3. Intangible Assets
Goodwill Intellectual property Total
£ £ £
Cost
As at 1 May 2023 29,921 108,209 138,130
As at 30 April 2024 29,921 108,209 138,130
Amortisation
As at 1 May 2023 29,921 - 29,921
Provided during the period - 21,642 21,642
As at 30 April 2024 29,921 21,642 51,563
Net Book Value
As at 30 April 2024 - 86,567 86,567
As at 1 May 2023 - 108,209 108,209
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4. Tangible Assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
As at 1 May 2023 247,243 21,229 268,472
Additions 68,616 - 68,616
Disposals (3,640 ) (19,699 ) (23,339 )
As at 30 April 2024 312,219 1,530 313,749
Depreciation
As at 1 May 2023 137,067 14,254 151,321
Provided during the period 67,616 - 67,616
Disposals - (12,724 ) (12,724 )
As at 30 April 2024 204,683 1,530 206,213
Net Book Value
As at 30 April 2024 107,536 - 107,536
As at 1 May 2023 110,176 6,975 117,151
5. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 59,546 109,778
Amounts owed by participating interests 280,321 -
Other debtors 331,521 120,945
671,388 230,723
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 272,620 36,162
Bank loans and overdrafts 200,358 139,162
Other creditors 38,824 11,310
Taxation and social security 121,657 38,623
633,459 225,257
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 263,966 363,000
263,966 363,000
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings
2024 2023
£ £
Within 1 year 48,366 -
Between 1 and 5 years 59,424 -
107,790 -
9. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to a directors. The balance at the year end was £108,180 (2023 : £17,776)
Interest was charged on the loan at a rate of 2.25% and loan is repayable on demand
10. Related Party Transactions
The amount due from the related party at the year end was £280,321 (2023 : £Nil)
During the year, the company made intercompany sales amounting to £6,000 (2023 : £Nil).
11. General Information
Distortion Creative Group Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 10704912 . The registered office is Unit 1.16 The Paintworks, Bath Road, Bristol, Avon, United Kingdom, BS4 3EH.
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