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 06879089 Daniel Edelstyn Hilary Sian Powell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06879089 2023-04-30 06879089 2024-04-30 06879089 2023-05-01 2024-04-30 06879089 frs-core:CurrentFinancialInstruments 2024-04-30 06879089 frs-core:Non-currentFinancialInstruments 2024-04-30 06879089 frs-core:NetGoodwill 2024-04-30 06879089 frs-core:NetGoodwill 2023-05-01 2024-04-30 06879089 frs-core:NetGoodwill 2023-04-30 06879089 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 06879089 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06879089 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 06879089 frs-core:PlantMachinery 2024-04-30 06879089 frs-core:PlantMachinery 2023-05-01 2024-04-30 06879089 frs-core:PlantMachinery 2023-04-30 06879089 frs-core:ShareCapital 2024-04-30 06879089 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06879089 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06879089 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06879089 frs-bus:SmallEntities 2023-05-01 2024-04-30 06879089 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06879089 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06879089 frs-bus:Director1 2023-05-01 2024-04-30 06879089 frs-bus:Director2 2023-05-01 2024-04-30 06879089 frs-core:CurrentFinancialInstruments 2 2024-04-30 06879089 frs-countries:EnglandWales 2023-05-01 2024-04-30 06879089 2022-04-30 06879089 2023-04-30 06879089 2022-05-01 2023-04-30 06879089 frs-core:CurrentFinancialInstruments 2023-04-30 06879089 frs-core:Non-currentFinancialInstruments 2023-04-30 06879089 frs-core:ShareCapital 2023-04-30 06879089 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 06879089 frs-core:CurrentFinancialInstruments 2 2023-04-30
Registered number: 06879089
Optimistic Productions Ltd
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06879089
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,865 13,348
Tangible Assets 5 22,940 25,588
34,805 38,936
CURRENT ASSETS
Debtors 6 19,353 1,377
Cash at bank and in hand 785 8,175
20,138 9,552
Creditors: Amounts Falling Due Within One Year 7 (28,995 ) (37,394 )
NET CURRENT ASSETS (LIABILITIES) (8,857 ) (27,842 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,948 11,094
Creditors: Amounts Falling Due After More Than One Year 8 (203,599 ) (226,299 )
NET LIABILITIES (177,651 ) (215,205 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (177,652 ) (215,206 )
SHAREHOLDERS' FUNDS (177,651) (215,205)
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
Daniel Edelstyn
Director
31/01/2025
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
Optimistic Productions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06879089 . The registered office is 107 Lynmouth Road, London, England, E17 8AG.
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 directors have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
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 rendering of services. 
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. 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 20 years.
2.5. 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:
Leasehold Nil depreciation
Plant & Machinery 10 year straight line
The depreciation policy for Plant and Machinery has changed from 25% reducing basis to ten year straight line, and been applied prospectively to the remaining life of the assets.
Page 3
Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 29,669
As at 30 April 2024 29,669
Amortisation
As at 1 May 2023 16,321
Provided during the period 1,483
As at 30 April 2024 17,804
Net Book Value
As at 30 April 2024 11,865
As at 1 May 2023 13,348
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 3,544 74,045 77,589
Additions - 679 679
As at 30 April 2024 3,544 74,724 78,268
Depreciation
As at 1 May 2023 - 52,001 52,001
Provided during the period - 3,327 3,327
As at 30 April 2024 - 55,328 55,328
Net Book Value
As at 30 April 2024 3,544 19,396 22,940
As at 1 May 2023 3,544 22,044 25,588
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,410 646
Prepayments and accrued income 805 231
Director loan 5,500 500
VAT 638 -
19,353 1,377
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,322 5,391
VAT - 4,114
Accruals and deferred income 1,350 6,087
Amounts owed to related parties 26,323 21,802
28,995 37,394
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 203,599 226,299
No interest is being charged on the director loans.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
The amount £203,599 (2023: £226,299) was owed in the form of a director loan to the company at the financial year end. The loan is not secured against any assets of the company, and no term or agreed repayment date is in place for the loans. A director loan of £5,500 (2023: £500) was payable to the company.
Other loans totalling £26,323 (2022: £21,802) were also owed to related parties at the year end. No interest was payable on these loans, and no term or agreed repayment date is in place for the loans.
Page 5