Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12259241 Mr Riccardo Tagliabue Ms Imogen Snell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12259241 2023-10-31 12259241 2024-10-31 12259241 2023-11-01 2024-10-31 12259241 frs-core:CurrentFinancialInstruments 2024-10-31 12259241 frs-core:Non-currentFinancialInstruments 2024-10-31 12259241 frs-core:ComputerEquipment 2024-10-31 12259241 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12259241 frs-core:ComputerEquipment 2023-10-31 12259241 frs-core:FurnitureFittings 2024-10-31 12259241 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12259241 frs-core:FurnitureFittings 2023-10-31 12259241 frs-core:MotorVehicles 2024-10-31 12259241 frs-core:MotorVehicles 2023-11-01 2024-10-31 12259241 frs-core:MotorVehicles 2023-10-31 12259241 frs-core:ShareCapital 2024-10-31 12259241 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12259241 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12259241 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12259241 frs-bus:SmallEntities 2023-11-01 2024-10-31 12259241 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12259241 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12259241 frs-bus:Director1 2023-11-01 2024-10-31 12259241 frs-bus:Director2 2023-11-01 2024-10-31 12259241 frs-countries:EnglandWales 2023-11-01 2024-10-31 12259241 2022-10-31 12259241 2023-10-31 12259241 2022-11-01 2023-10-31 12259241 frs-core:CurrentFinancialInstruments 2023-10-31 12259241 frs-core:Non-currentFinancialInstruments 2023-10-31 12259241 frs-core:ShareCapital 2023-10-31 12259241 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12259241 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 12259241
IS Studio Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
FMA Accountants
Chartered Certified Accountants
C/O FMA Online Ltd
Building 3 Chiswick Business Park
566 Chiswick High Road
Chiswick
W4 5YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12259241
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,792 25,129
15,792 25,129
CURRENT ASSETS
Debtors 5 1,878 59,751
Cash at bank and in hand 24,974 112,371
26,852 172,122
Creditors: Amounts Falling Due Within One Year 6 - (31,290 )
NET CURRENT ASSETS (LIABILITIES) 26,852 140,832
TOTAL ASSETS LESS CURRENT LIABILITIES 42,644 165,961
Creditors: Amounts Falling Due After More Than One Year 7 (16,462 ) (23,242 )
NET ASSETS 26,182 142,719
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 26,082 142,619
SHAREHOLDERS' FUNDS 26,182 142,719
Page 1
Page 2
For the year ending 31 October 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
Ms Imogen Snell
Director
29/01/2025
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
IS Studio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12259241 . The registered office is 256 Bancroft Road, London, E1 4BS.
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 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:
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 29,647 19,294 8,317 57,258
Additions - 415 3,598 4,013
Disposals (6,902 ) (8,066 ) (1,832 ) (16,800 )
As at 31 October 2024 22,745 11,643 10,083 44,471
Depreciation
As at 1 November 2023 20,915 7,966 3,248 32,129
Provided during the period 6,837 3,912 2,601 13,350
Disposals (6,902 ) (8,066 ) (1,832 ) (16,800 )
As at 31 October 2024 20,850 3,812 4,017 28,679
Net Book Value
As at 31 October 2024 1,895 7,831 6,066 15,792
As at 1 November 2023 8,732 11,328 5,069 25,129
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,481 51,718
Other debtors 100 100
Intercompany - RTC Studio Ltd - 7,933
VAT 297 -
1,878 59,751
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 16,592
VAT - 14,698
- 31,290
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,462 23,242
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5