Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 5 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14278359 Mr Gary Osborne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14278359 2023-08-31 14278359 2024-08-31 14278359 2023-09-01 2024-08-31 14278359 frs-core:CurrentFinancialInstruments 2024-08-31 14278359 frs-core:Non-currentFinancialInstruments 2024-08-31 14278359 frs-core:BetweenOneFiveYears 2024-08-31 14278359 frs-core:ComputerEquipment 2024-08-31 14278359 frs-core:ComputerEquipment 2023-09-01 2024-08-31 14278359 frs-core:ComputerEquipment 2023-08-31 14278359 frs-core:MotorVehicles 2024-08-31 14278359 frs-core:MotorVehicles 2023-09-01 2024-08-31 14278359 frs-core:MotorVehicles 2023-08-31 14278359 frs-core:PlantMachinery 2024-08-31 14278359 frs-core:PlantMachinery 2023-09-01 2024-08-31 14278359 frs-core:PlantMachinery 2023-08-31 14278359 frs-core:WithinOneYear 2024-08-31 14278359 frs-core:ShareCapital 2024-08-31 14278359 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14278359 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14278359 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14278359 frs-bus:SmallEntities 2023-09-01 2024-08-31 14278359 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14278359 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14278359 frs-bus:Director1 2023-09-01 2024-08-31 14278359 frs-countries:EnglandWales 2023-09-01 2024-08-31 14278359 2022-08-04 14278359 2023-08-31 14278359 2022-08-05 2023-08-31 14278359 frs-core:CurrentFinancialInstruments 2023-08-31 14278359 frs-core:Non-currentFinancialInstruments 2023-08-31 14278359 frs-core:BetweenOneFiveYears 2023-08-31 14278359 frs-core:WithinOneYear 2023-08-31 14278359 frs-core:ShareCapital 2023-08-31 14278359 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14278359
Superlative Films Limited
Financial Statements
For The Year Ended 31 August 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14278359
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,157 10,249
44,157 10,249
CURRENT ASSETS
Stocks 5 62,128 -
Debtors 6 256,865 56,712
Cash at bank and in hand 39,861 7,539
358,854 64,251
Creditors: Amounts Falling Due Within One Year 7 (378,449 ) (50,584 )
NET CURRENT ASSETS (LIABILITIES) (19,595 ) 13,667
TOTAL ASSETS LESS CURRENT LIABILITIES 24,562 23,916
Creditors: Amounts Falling Due After More Than One Year 8 (24,365 ) (162 )
NET ASSETS 197 23,754
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 193 23,750
SHAREHOLDERS' FUNDS 197 23,754
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
Mr Gary Osborne
Director
04/02/2025
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
Superlative Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14278359 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
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 Value added Tax. Turnover includes revenue earned from the receipt of film production.
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:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.7. 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.
Page 3
Page 4
2.8. Taxation
Corporation 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 2)
5 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 179 - 11,880 12,059
Additions 12,283 25,995 4,453 42,731
As at 31 August 2024 12,462 25,995 16,333 54,790
Depreciation
As at 1 September 2023 15 - 1,795 1,810
Provided during the period 3,116 1,625 4,082 8,823
As at 31 August 2024 3,131 1,625 5,877 10,633
Net Book Value
As at 31 August 2024 9,331 24,370 10,456 44,157
As at 1 September 2023 164 - 10,085 10,249
5. Stocks
31 August 2024 31 August 2023
£ £
Work in progress 62,128 -
6. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Trade debtors 217,845 55,262
Prepayments and accrued income 18,071 -
Other debtors 2,525 -
VAT 18,424 -
Other taxes and social security - 1,450
256,865 56,712
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,787 -
Trade creditors 33,155 -
Corporation tax 7,830 34,176
Other taxes and social security 3,660 -
VAT - 849
Other creditors 10,199 6,825
Accruals and deferred income 317,110 -
Director's loan account 2,708 8,734
378,449 50,584
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 August 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,365 -
Other creditors - 162
24,365 162
9. Obligations Under Finance Leases and Hire Purchase
31 August 2024 31 August 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,787 -
Later than one year and not later than five years 24,365 -
28,152 -
28,152 -
10. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5