Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11502149 C R Stephenson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11502149 2023-08-31 11502149 2024-08-31 11502149 2023-09-01 2024-08-31 11502149 frs-core:CurrentFinancialInstruments 2024-08-31 11502149 frs-core:ComputerEquipment 2024-08-31 11502149 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11502149 frs-core:ComputerEquipment 2023-08-31 11502149 frs-core:FurnitureFittings 2024-08-31 11502149 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11502149 frs-core:FurnitureFittings 2023-08-31 11502149 frs-core:ShareCapital 2024-08-31 11502149 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11502149 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11502149 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11502149 frs-bus:SmallEntities 2023-09-01 2024-08-31 11502149 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11502149 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11502149 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 11502149 frs-bus:OrdinaryShareClass1 2024-08-31 11502149 frs-bus:Director1 2023-09-01 2024-08-31 11502149 frs-countries:EnglandWales 2023-09-01 2024-08-31 11502149 2022-08-31 11502149 2023-08-31 11502149 2022-09-01 2023-08-31 11502149 frs-core:CurrentFinancialInstruments 2023-08-31 11502149 frs-core:ShareCapital 2023-08-31 11502149 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 11502149 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31
Registered number: 11502149
Callum Stephenson Studio Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11502149
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,552 -
1,552 -
CURRENT ASSETS
Debtors 5 4,140 2,885
Cash at bank and in hand 3,683 8,035
7,823 10,920
Creditors: Amounts Falling Due Within One Year 6 (5,563 ) (1,717 )
NET CURRENT ASSETS (LIABILITIES) 2,260 9,203
TOTAL ASSETS LESS CURRENT LIABILITIES 3,812 9,203
NET ASSETS 3,812 9,203
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 3,802 9,193
SHAREHOLDERS' FUNDS 3,812 9,203
Page 1
Page 2
For the year ending 31 August 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.
On behalf of the board
C R Stephenson
Director
23/01/2025
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
Callum Stephenson Studio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11502149 . The registered office is 173 Aldershot Road, Church Crookham, Fleet, GU52 8JS.
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.
Sale of goods
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.
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 held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. 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.
Page 3
Page 4
2.5. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.6. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.7. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 364 159 523
Additions - 2,069 2,069
As at 31 August 2024 364 2,228 2,592
Depreciation
As at 1 September 2023 364 159 523
Provided during the period - 517 517
As at 31 August 2024 364 676 1,040
Net Book Value
As at 31 August 2024 - 1,552 1,552
As at 1 September 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 820 2,885
Prepayments and accrued income 3,320 -
4,140 2,885
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 5,221 1,091
Accruals and deferred income 315 620
Director's loan account 27 6
5,563 1,717
Page 4
Page 5
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1.00 each 10 10
8. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Page 5