Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10714821 Mr Mark Andrew Mr Rupert Forsythe Mrs Georgina Forsythe Mr Sayed Hussain Mr Ronald Stoupa Mrs Antonia Andrew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10714821 2023-04-30 10714821 2024-04-30 10714821 2023-05-01 2024-04-30 10714821 frs-core:CurrentFinancialInstruments 2024-04-30 10714821 frs-core:Non-currentFinancialInstruments 2024-04-30 10714821 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-30 10714821 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-05-01 2024-04-30 10714821 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 10714821 frs-core:OtherReservesSubtotal 2024-04-30 10714821 frs-core:SharePremium 2024-04-30 10714821 frs-core:ShareCapital 2024-04-30 10714821 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10714821 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10714821 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10714821 frs-bus:SmallEntities 2023-05-01 2024-04-30 10714821 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10714821 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10714821 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 10714821 frs-core:UnlistedNon-exchangeTraded 2024-04-30 10714821 frs-core:UnlistedNon-exchangeTraded 2023-04-30 10714821 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 10714821 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 10714821 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 10714821 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 10714821 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 10714821 frs-bus:Director1 2023-05-01 2024-04-30 10714821 frs-bus:Director2 2023-05-01 2024-04-30 10714821 frs-bus:Director3 2023-05-01 2024-04-30 10714821 frs-bus:Director4 2023-05-01 2024-04-30 10714821 frs-bus:Director5 2023-05-01 2024-04-30 10714821 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 10714821 frs-countries:EnglandWales 2023-05-01 2024-04-30 10714821 2022-04-30 10714821 2023-04-30 10714821 2022-05-01 2023-04-30 10714821 frs-core:CurrentFinancialInstruments 2023-04-30 10714821 frs-core:Non-currentFinancialInstruments 2023-04-30 10714821 frs-core:OtherReservesSubtotal 2023-04-30 10714821 frs-core:SharePremium 2023-04-30 10714821 frs-core:ShareCapital 2023-04-30 10714821 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10714821 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30
Registered number: 10714821
Stageclip Limited
Financial Statements
For The Year Ended 30 April 2024
Applewood LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10714821
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,542 10,027
Investments 5 170,319 154,243
178,861 164,270
CURRENT ASSETS
Debtors 6 311,104 395,600
Cash at bank and in hand 341,190 206,841
652,294 602,441
Creditors: Amounts Falling Due Within One Year 7 (423,394 ) (485,071 )
NET CURRENT ASSETS (LIABILITIES) 228,900 117,370
TOTAL ASSETS LESS CURRENT LIABILITIES 407,761 281,640
NET ASSETS 407,761 281,640
CAPITAL AND RESERVES
Called up share capital 8 1,381 1,261
Share premium account 1,234,663 849,327
Other reserves 4,525 4,525
Fair value reserve 170,318 154,242
Profit and Loss Account (1,003,126 ) (727,715 )
SHAREHOLDERS' FUNDS 407,761 281,640
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
Mr Mark Andrew
Director
24/01/2025
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
Stageclip Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10714821 . The registered office is Knights Farm Avon Dassett, Southam, Warwickshire, CV47 2AS.
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 rendering of services. Turnover is reduced for estimated customer 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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trademarks and patents. They are valued at cost.
2.4. 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.
2.5. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
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Page 4
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 May 2023 14,527
As at 30 April 2024 14,527
Amortisation
As at 1 May 2023 4,500
Provided during the period 1,485
As at 30 April 2024 5,985
Net Book Value
As at 30 April 2024 8,542
As at 1 May 2023 10,027
5. Investments
Unlisted
£
Cost
As at 1 May 2023 154,243
Fair value adjustments 16,076
As at 30 April 2024 170,319
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 170,319
As at 1 May 2023 154,243
StageClip Ltd owns 100% of StageClip Inc, a company incorporated in the USA. The investment is one Thousand (1,000) shares of Common Stock, USD 0.001 par value per share. A fair value adjustment has been made in the year to revalue the investment to the value of the net shareholder funds shown on the Stageclip Inc balance sheet.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,230 91,225
Amounts recoverable on contracts 8,613 4,477
Corporation tax recoverable assets 38,231 157,796
VAT 15,701 13,527
Net wages 256 -
129,031 267,025
Due after more than one year
Deferred tax current asset 182,073 128,575
311,104 395,600
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,085 80,498
Other taxes and social security 3,308 16,098
Net wages - 34,621
Other creditors 152 -
Accruals and deferred income 290,848 198,385
Directors' loan accounts 6,282 5,666
Amounts owed to subsidiaries 75,719 149,313
Payments on account - 490
423,394 485,071
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,381 1,261
Page 5