Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 04770678 Mrs Caroline Pritchard Mr Paul Pritchard Mrs Caroline Pritchard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04770678 2023-05-31 04770678 2024-05-31 04770678 2023-06-01 2024-05-31 04770678 frs-core:CurrentFinancialInstruments 2024-05-31 04770678 frs-core:ComputerEquipment 2024-05-31 04770678 frs-core:ComputerEquipment 2023-06-01 2024-05-31 04770678 frs-core:ComputerEquipment 2023-05-31 04770678 frs-core:FurnitureFittings 2024-05-31 04770678 frs-core:FurnitureFittings 2023-06-01 2024-05-31 04770678 frs-core:FurnitureFittings 2023-05-31 04770678 frs-core:PlantMachinery 2024-05-31 04770678 frs-core:PlantMachinery 2023-06-01 2024-05-31 04770678 frs-core:PlantMachinery 2023-05-31 04770678 frs-core:ShareCapital 2024-05-31 04770678 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04770678 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04770678 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04770678 frs-bus:SmallEntities 2023-06-01 2024-05-31 04770678 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04770678 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04770678 frs-core:UnlistedNon-exchangeTraded 2024-05-31 04770678 frs-core:UnlistedNon-exchangeTraded 2023-05-31 04770678 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 04770678 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 04770678 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 04770678 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 04770678 frs-bus:Director1 2023-06-01 2024-05-31 04770678 frs-bus:Director2 2023-06-01 2024-05-31 04770678 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 04770678 frs-countries:EnglandWales 2023-06-01 2024-05-31 04770678 2022-05-31 04770678 2023-05-31 04770678 2022-06-01 2023-05-31 04770678 frs-core:CurrentFinancialInstruments 2023-05-31 04770678 frs-core:ShareCapital 2023-05-31 04770678 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04770678
Airplay Tv Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04770678
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,809 9,004
Investments 5 52,832 52,832
60,641 61,836
CURRENT ASSETS
Debtors 6 10,039 10,039
Cash at bank and in hand 192,619 170,836
202,658 180,875
Creditors: Amounts Falling Due Within One Year 7 (70,507 ) (79,047 )
NET CURRENT ASSETS (LIABILITIES) 132,151 101,828
TOTAL ASSETS LESS CURRENT LIABILITIES 192,792 163,664
NET ASSETS 192,792 163,664
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 192,790 163,662
SHAREHOLDERS' FUNDS 192,792 163,664
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Page 2
For the year ending 31 May 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 Paul Pritchard
Director
23/02/2025
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
Airplay Tv Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04770678 . The registered office is 12 St Leonards Road, Thames Ditton, KT7 0RJ.
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. 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% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. 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.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 33,794 66,340 10,869 111,003
Additions - - 1,408 1,408
As at 31 May 2024 33,794 66,340 12,277 112,411
Depreciation
As at 1 June 2023 31,170 61,725 9,104 101,999
Provided during the period 778 1,154 671 2,603
As at 31 May 2024 31,948 62,879 9,775 104,602
Net Book Value
As at 31 May 2024 1,846 3,461 2,502 7,809
As at 1 June 2023 2,624 4,615 1,765 9,004
5. Investments
Unlisted
£
Cost
As at 1 June 2023 52,832
As at 31 May 2024 52,832
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 52,832
As at 1 June 2023 52,832
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,456 3,456
Corporation tax recoverable assets 6,364 6,364
PAYE & social security 219 219
10,039 10,039
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 307
VAT 4,289 4,248
Credit card 1,509 1,810
Accrued Expenses 1,845 1,150
Directors' loan accounts 62,864 71,532
70,507 79,047
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
At the balance sheet date Mr and Mrs Pritchard (Company Directors) were owed £62,864 (2023 : £71,532).
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