Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10776606 Mr Stephen Daly Ms Laura McKinney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10776606 2023-05-31 10776606 2024-05-31 10776606 2023-06-01 2024-05-31 10776606 frs-core:CurrentFinancialInstruments 2024-05-31 10776606 frs-core:ComputerEquipment 2024-05-31 10776606 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10776606 frs-core:ComputerEquipment 2023-05-31 10776606 frs-core:ShareCapital 2024-05-31 10776606 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10776606 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10776606 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10776606 frs-bus:SmallEntities 2023-06-01 2024-05-31 10776606 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10776606 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10776606 frs-bus:Director1 2023-06-01 2024-05-31 10776606 frs-bus:Director2 2023-06-01 2024-05-31 10776606 frs-countries:EnglandWales 2023-06-01 2024-05-31 10776606 2022-05-31 10776606 2023-05-31 10776606 2022-06-01 2023-05-31 10776606 frs-core:CurrentFinancialInstruments 2023-05-31 10776606 frs-core:ShareCapital 2023-05-31 10776606 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10776606
BROADSWORD FILMS LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10776606
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 14,275 15,790
Cash at bank and in hand 30,229 30,116
44,504 45,906
Creditors: Amounts Falling Due Within One Year 6 (28,771 ) (30,409 )
NET CURRENT ASSETS (LIABILITIES) 15,733 15,497
TOTAL ASSETS LESS CURRENT LIABILITIES 15,733 15,497
NET ASSETS 15,733 15,497
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 15,633 15,397
SHAREHOLDERS' FUNDS 15,733 15,497
Page 1
Page 2
For the year ending 31 May 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 Stephen Daly
Director
23/01/2025
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
BROADSWORD FILMS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10776606 . The registered office is 29 Snowdon Road, Eccles, Manchester, England, M30 9AS.
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.
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.
Revenue recognition
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% 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
Computer Equipment
£
Cost
As at 1 June 2023 1,955
As at 31 May 2024 1,955
Depreciation
As at 1 June 2023 1,955
As at 31 May 2024 1,955
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 8,546
Other debtors-S455 - 7,244
Directors' loan accounts 14,275 -
14,275 15,790
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Corporation tax 22,493 18,440
VAT liability 2,629 5,616
Accruals 3,650 4,650
Directors' loan accounts - 1,703
28,771 30,409
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 76,300 59,240
Page 4