Acorah Software Products - Accounts Production 16.1.300 false true true 31 July 2023 8 July 2022 false 1 August 2023 31 July 2024 31 July 2024 14222735 Mr Jack Spring Mr Giles Alderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14222735 2023-07-31 14222735 2024-07-31 14222735 2023-08-01 2024-07-31 14222735 frs-core:CurrentFinancialInstruments 2024-07-31 14222735 frs-core:ShareCapital 2024-07-31 14222735 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14222735 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14222735 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14222735 frs-bus:SmallEntities 2023-08-01 2024-07-31 14222735 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14222735 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14222735 frs-bus:Director1 2023-08-01 2024-07-31 14222735 frs-bus:Director2 2023-08-01 2024-07-31 14222735 frs-countries:EnglandWales 2023-08-01 2024-07-31 14222735 2022-07-07 14222735 2023-07-31 14222735 2022-07-08 2023-07-31 14222735 frs-core:CurrentFinancialInstruments 2023-07-31 14222735 frs-core:ShareCapital 2023-07-31 14222735 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14222735
All Town Aren't We Film Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
EAM London Limited
Chartered Tax Accountants
215-221 Borough High Street
London
SE1 1JA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14222735
31 July 2024 31 July 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 9,788 18,033
Cash at bank and in hand 4,305 5,492
14,093 23,525
Creditors: Amounts Falling Due Within One Year 5 (80,919 ) (84,856 )
NET CURRENT ASSETS (LIABILITIES) (66,826 ) (61,331 )
TOTAL ASSETS LESS CURRENT LIABILITIES (66,826 ) (61,331 )
NET LIABILITIES (66,826 ) (61,331 )
CAPITAL AND RESERVES
Called up share capital 6 200 200
Profit and Loss Account (67,026 ) (61,531 )
SHAREHOLDERS' FUNDS (66,826) (61,331)
For the year ending 31 July 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 Jack Spring
Director
10/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
All Town Aren't We Film Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14222735 . The registered office is C/O Eam London Ltd, 215-221 Borough High Street, London, SE1 1JA.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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.
2.4. 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.
3. Average Number of Employees
The company has been incorporated to make a film called “All Town Aren't We”. In common with the film and television industry, the majority of the crew were hired on short term contracts for the duration of principal photography or were self-employed. Number of directors active for the year: 2 (2023: 2)
2 2
Page 2
Page 3
4. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Other debtors 300 -
Corporation tax recoverable assets - 13,743
VAT 149 4,290
Amounts owed by group undertakings 9,339 -
9,788 18,033
5. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Other creditors 80,000 80,000
Accruals and deferred income 919 3,098
Amounts owed to group undertakings - 1,758
80,919 84,856
6. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 200 200
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