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 02238020 Mr K A Faulkner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02238020 2023-04-30 02238020 2024-04-30 02238020 2023-05-01 2024-04-30 02238020 frs-core:CurrentFinancialInstruments 2024-04-30 02238020 frs-core:Non-currentFinancialInstruments 2024-04-30 02238020 frs-core:ComputerEquipment 2024-04-30 02238020 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02238020 frs-core:ComputerEquipment 2023-04-30 02238020 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 02238020 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-01 2024-04-30 02238020 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 02238020 frs-core:PlantMachinery 2024-04-30 02238020 frs-core:PlantMachinery 2023-05-01 2024-04-30 02238020 frs-core:PlantMachinery 2023-04-30 02238020 frs-core:RevaluationReserve 2023-04-30 02238020 frs-core:RevaluationReserve 2024-04-30 02238020 frs-core:SharePremium 2024-04-30 02238020 frs-core:ShareCapital 2024-04-30 02238020 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02238020 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02238020 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02238020 frs-bus:SmallEntities 2023-05-01 2024-04-30 02238020 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02238020 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02238020 frs-bus:Director1 2023-05-01 2024-04-30 02238020 frs-countries:EnglandWales 2023-05-01 2024-04-30 02238020 2022-04-30 02238020 2023-04-30 02238020 2022-05-01 2023-04-30 02238020 frs-core:CurrentFinancialInstruments 2023-04-30 02238020 frs-core:Non-currentFinancialInstruments 2023-04-30 02238020 frs-core:RevaluationReserve 2023-04-30 02238020 frs-core:SharePremium 2023-04-30 02238020 frs-core:ShareCapital 2023-04-30 02238020 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 02238020
Aerial Promotions Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Agile Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02238020
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 435,306 616,638
435,306 616,638
CURRENT ASSETS
Debtors 5 886 -
Cash at bank and in hand 149,866 18,828
150,752 18,828
Creditors: Amounts Falling Due Within One Year 6 (188,067 ) (263,114 )
NET CURRENT ASSETS (LIABILITIES) (37,315 ) (244,286 )
TOTAL ASSETS LESS CURRENT LIABILITIES 397,991 372,352
Creditors: Amounts Falling Due After More Than One Year 7 (12,997 ) (117,038 )
NET ASSETS 384,994 255,314
CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium account 18,400 18,400
Revaluation reserve 9 125,571 125,571
Profit and Loss Account 240,823 111,143
SHAREHOLDERS' FUNDS 384,994 255,314
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 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.
The financial statements were approved by the board of directors on 28 January 2025 and were signed on its behalf by:
Mr K A Faulkner
Director
28 January 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
Aerial Promotions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02238020 . The registered office is Unit 5 The Green, Hawks Green Lane, Cannock, Staffordshire, WS11 7LG.
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. Going Concern Disclosure
The company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss. 
Plant & Machinery 25% per annum on a reducing balance basis
Computer Equipment 25% per annum on a reducing balance basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss.
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.6. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.7. 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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
3. Average Number of Employees
Average number of employees during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 616,250 55,937 3,242 675,429
Disposals (181,250 ) - - (181,250 )
As at 30 April 2024 435,000 55,937 3,242 494,179
...CONTINUED
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Page 5
Depreciation
As at 1 May 2023 - 55,840 2,951 58,791
Provided during the period - 24 58 82
As at 30 April 2024 - 55,864 3,009 58,873
Net Book Value
As at 30 April 2024 435,000 73 233 435,306
As at 1 May 2023 616,250 97 291 616,638
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 886 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,054 451
Bank loans and overdrafts 2,383 27,756
Other taxes and social security 65,181 7,397
Other creditors 119,095 227,136
Accruals and deferred income 354 374
188,067 263,114
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,997 117,038
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
9. Reserves
Revaluation Reserve
£
As at 1 May 2023 125,571
As at 30 April 2024 125,571
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