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 08541507 P A Evans A C Evans true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08541507 2023-05-31 08541507 2024-05-31 08541507 2023-06-01 2024-05-31 08541507 frs-core:CurrentFinancialInstruments 2024-05-31 08541507 frs-core:Non-currentFinancialInstruments 2024-05-31 08541507 frs-core:ComputerEquipment 2024-05-31 08541507 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08541507 frs-core:ComputerEquipment 2023-05-31 08541507 frs-core:MotorVehicles 2024-05-31 08541507 frs-core:MotorVehicles 2023-06-01 2024-05-31 08541507 frs-core:MotorVehicles 2023-05-31 08541507 frs-core:PlantMachinery 2024-05-31 08541507 frs-core:PlantMachinery 2023-06-01 2024-05-31 08541507 frs-core:PlantMachinery 2023-05-31 08541507 frs-core:ShareCapital 2024-05-31 08541507 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08541507 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08541507 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08541507 frs-bus:SmallEntities 2023-06-01 2024-05-31 08541507 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08541507 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08541507 1 2023-06-01 2024-05-31 08541507 frs-bus:Director1 2023-06-01 2024-05-31 08541507 frs-bus:Director2 2023-06-01 2024-05-31 08541507 frs-countries:EnglandWales 2023-06-01 2024-05-31 08541507 2022-05-31 08541507 2023-05-31 08541507 2022-06-01 2023-05-31 08541507 frs-core:CurrentFinancialInstruments 2023-05-31 08541507 frs-core:Non-currentFinancialInstruments 2023-05-31 08541507 frs-core:ShareCapital 2023-05-31 08541507 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08541507
808 Create Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Square Mile Accounting Limited
Arquen House
4-6 Spicer Street
St. Albans
AL3 4PQ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08541507
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,364 80,457
83,364 80,457
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 84,807 154,607
Cash at bank and in hand 128,025 101,353
222,832 265,960
Creditors: Amounts Falling Due Within One Year 6 (153,422 ) (186,669 )
NET CURRENT ASSETS (LIABILITIES) 69,410 79,291
TOTAL ASSETS LESS CURRENT LIABILITIES 152,774 159,748
Creditors: Amounts Falling Due After More Than One Year 7 (20,246 ) (29,594 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,841 ) (20,986 )
NET ASSETS 111,687 109,168
CAPITAL AND RESERVES
Called up share capital 8 10 10
Income Statement 111,677 109,158
SHAREHOLDERS' FUNDS 111,687 109,168
Page 1
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 Income Statement.
On behalf of the board
P A Evans
Director
12th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
808 Create Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08541507 . The registered office is 183 Birches Lane, South Wingfield, Alfreton, DE55 7LZ.
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.
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 16.67% straight line
Computer Equipment 25% straight line
2.4. 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.
2.5. 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.
2.6. Pensions
The company operates a pension scheme. Contributions are charged to the income statement 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: 3)
5 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 41,251 105,191 31,523 177,965
Additions 11,678 33,942 969 46,589
Disposals (2,780 ) (36,856 ) (9,051 ) (48,687 )
As at 31 May 2024 50,149 102,277 23,441 175,867
Depreciation
As at 1 June 2023 37,548 35,617 24,343 97,508
Provided during the period 5,764 17,050 5,373 28,187
Disposals (8,965 ) (12,282 ) (11,945 ) (33,192 )
As at 31 May 2024 34,347 40,385 17,771 92,503
Net Book Value
As at 31 May 2024 15,802 61,892 5,670 83,364
As at 1 June 2023 3,703 69,574 7,180 80,457
5. Stocks
2024 2023
£ £
Stock - lighting 10,000 10,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,109 60,892
Bank loans and overdrafts 19 23
Corporation tax 48,994 41,972
Other taxes and social security 3,300 2,219
VAT 52,129 54,881
Accruals and deferred income 6,871 20,594
Directors' loan accounts - 6,088
153,422 186,669
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,246 29,594
Government-backed loan of £50k at £2.5%
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
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Page 5
Dividends paid to directors
2024 2023
£ £
A C Evans 79,731 81,684
P A Evans 79,731 81,684
10. Ultimate Controlling Party
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the
operational and financial policies of the company.
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