Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12099792 Mr D M Bulman Mr A Hopper G Sanger Mr C Earnshaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12099792 2023-12-31 12099792 2024-12-31 12099792 2024-01-01 2024-12-31 12099792 frs-core:CurrentFinancialInstruments 2024-12-31 12099792 frs-core:ComputerEquipment 2024-12-31 12099792 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12099792 frs-core:ComputerEquipment 2023-12-31 12099792 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 12099792 frs-core:FurnitureFittings 2024-12-31 12099792 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12099792 frs-core:FurnitureFittings 2023-12-31 12099792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 12099792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 12099792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 12099792 frs-core:OtherResidualIntangibleAssets 2024-12-31 12099792 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 12099792 frs-core:OtherResidualIntangibleAssets 2023-12-31 12099792 frs-core:PlantMachinery 2024-12-31 12099792 frs-core:PlantMachinery 2024-01-01 2024-12-31 12099792 frs-core:PlantMachinery 2023-12-31 12099792 frs-core:ShareCapital 2024-12-31 12099792 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12099792 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12099792 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12099792 frs-bus:SmallEntities 2024-01-01 2024-12-31 12099792 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12099792 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12099792 frs-bus:Director1 2024-01-01 2024-12-31 12099792 frs-bus:Director1 2023-12-31 12099792 frs-bus:Director1 2024-12-31 12099792 frs-bus:Director2 2024-01-01 2024-12-31 12099792 frs-bus:Director3 2024-01-01 2024-12-31 12099792 frs-bus:Director4 2024-01-01 2024-12-31 12099792 frs-countries:EnglandWales 2024-01-01 2024-12-31 12099792 2022-12-31 12099792 2023-12-31 12099792 2023-01-01 2023-12-31 12099792 frs-core:CurrentFinancialInstruments 2023-12-31 12099792 frs-core:ShareCapital 2023-12-31 12099792 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12099792
Baked Creative Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12099792
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 206 357
Tangible Assets 5 43,409 78,849
43,615 79,206
CURRENT ASSETS
Debtors 6 363,674 562,119
Cash at bank and in hand 175,116 16,559
538,790 578,678
Creditors: Amounts Falling Due Within One Year 7 (380,288 ) (453,772 )
NET CURRENT ASSETS (LIABILITIES) 158,502 124,906
TOTAL ASSETS LESS CURRENT LIABILITIES 202,117 204,112
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (10,503 ) (11,837 )
NET ASSETS 191,614 192,275
CAPITAL AND RESERVES
Called up share capital 9 120 120
Profit and Loss Account 191,494 192,155
SHAREHOLDERS' FUNDS 191,614 192,275
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For the year ending 31 December 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
Mr D M Bulman
Director
12/02/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Baked Creative Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12099792 . The registered office is C/O Smooth Accounting Limited , Building 1000 Lakeside North Harbour, Western Road, Portsmouth, PO6 3EN.
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 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Leasehold 10 years straight line
Plant & Machinery 3 years straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 3 years straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.6. 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.
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2.7. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
2.8. 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.
2.9. Government Grant
The government grant received under the bounce back loan scheme resulting from Covid-19 has been recognised on an accruals basis to the period which it relates and disclosed as separate grant income in the profit and loss. 
2.10. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade Debtors 
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade Creditors 
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.
If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.11. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 758
As at 31 December 2024 758
Amortisation
As at 1 January 2024 401
Provided during the period 151
As at 31 December 2024 552
Net Book Value
As at 31 December 2024 206
As at 1 January 2024 357
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 34,312 19,001 3,720 174,376 231,409
Additions 2,000 2,992 - 10,620 15,612
As at 31 December 2024 36,312 21,993 3,720 184,996 247,021
Depreciation
As at 1 January 2024 3,431 10,682 2,314 136,133 152,560
Provided during the period 3,831 5,986 351 40,884 51,052
As at 31 December 2024 7,262 16,668 2,665 177,017 203,612
Net Book Value
As at 31 December 2024 29,050 5,325 1,055 7,979 43,409
As at 1 January 2024 30,881 8,319 1,406 38,243 78,849
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 57,642 340,545
Prepayments and accrued income 255,361 133,149
Other debtors - 112
Corporation tax recoverable assets - 89
VAT 17,179 7,365
Net wages 587 -
Directors' loan accounts - 811
Amounts owed by associates 32,905 80,048
363,674 562,119
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 291,688 34,718
Corporation tax 66,058 19,436
Other taxes and social security 4,668 11,394
Other creditors 16,614 61,095
Accruals and deferred income - 327,129
Directors' loan accounts 1,260 -
380,288 453,772
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 10,503 11,837
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Daniel Bulman 811 - - - -
The above loans are unsecured, interest free and repayable on demand.
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11. Related Party Transactions
Summary of transactions with other related parties
Spicy Boys Limited
Included within other debtors is a balance of £32,904  (2023- £22,863) owed by Spicy Boys Limited, a company under common control.  
Included in Other Creditors is a balance owed to the Directors of £1260 (2023 - £811 owed by the Directors)
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