Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05718712 Mrs Lauren Swarbrick Mr Marc Swarbrick Mr Jamie Jenkins Ms Nikki Taylor Mrs Lauren Swarbrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05718712 2023-06-30 05718712 2024-06-30 05718712 2023-07-01 2024-06-30 05718712 frs-core:CurrentFinancialInstruments 2024-06-30 05718712 frs-core:ComputerEquipment 2024-06-30 05718712 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05718712 frs-core:ComputerEquipment 2023-06-30 05718712 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 05718712 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 05718712 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 05718712 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 05718712 frs-core:OtherResidualIntangibleAssets 2024-06-30 05718712 frs-core:OtherResidualIntangibleAssets 2023-06-30 05718712 frs-core:ShareCapital 2024-06-30 05718712 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05718712 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05718712 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05718712 frs-bus:SmallEntities 2023-07-01 2024-06-30 05718712 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05718712 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05718712 frs-bus:Director1 2023-07-01 2024-06-30 05718712 frs-bus:Director2 2023-07-01 2024-06-30 05718712 frs-bus:Director3 2023-07-01 2024-06-30 05718712 frs-bus:Director4 2023-07-01 2024-06-30 05718712 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05718712 frs-countries:EnglandWales 2023-07-01 2024-06-30 05718712 2022-06-30 05718712 2023-06-30 05718712 2022-07-01 2023-06-30 05718712 frs-core:CurrentFinancialInstruments 2023-06-30 05718712 frs-core:ShareCapital 2023-06-30 05718712 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05718712
Abstrakt Creative Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05718712
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,861 22,466
18,861 22,466
CURRENT ASSETS
Debtors 6 63,745 119,606
Cash at bank and in hand 90,365 109,831
154,110 229,437
Creditors: Amounts Falling Due Within One Year 7 (60,729 ) (85,770 )
NET CURRENT ASSETS (LIABILITIES) 93,381 143,667
TOTAL ASSETS LESS CURRENT LIABILITIES 112,242 166,133
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,000 ) (2,000 )
NET ASSETS 110,242 164,133
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 110,142 164,033
SHAREHOLDERS' FUNDS 110,242 164,133
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For the year ending 30 June 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
Mrs Lauren Swarbrick
Director
28 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Abstrakt Creative Ltd. is a private company, limited by shares, incorporated in England & Wales, the registered number is 05718712 . The registered office is Stoney House, 26-30 Stoney Street, Nottingham, Nottinghamshire, England, NG1 1LL.
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 taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are studio developments. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Leasehold improvements 10% straight line
Computer equipment 25% and 33% straight line
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
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2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
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 asset reflects 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.
Deferred tax is only adjusted if the change in the timing difference is material.
2.7. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year 8 (2023: 8)
8 8
4. Intangible Assets
Studio development
£
Cost
As at 1 July 2023 28,875
As at 30 June 2024 28,875
Amortisation
As at 1 July 2023 28,875
As at 30 June 2024 28,875
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Leasehold improvements Computer equipment Total
£ £ £
Cost
As at 1 July 2023 13,107 48,664 61,771
Additions - 3,270 3,270
As at 30 June 2024 13,107 51,934 65,041
Depreciation
As at 1 July 2023 632 38,673 39,305
Provided during the period 1,311 5,564 6,875
As at 30 June 2024 1,943 44,237 46,180
Net Book Value
As at 30 June 2024 11,164 7,697 18,861
As at 1 July 2023 12,475 9,991 22,466
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 57,690 109,147
Other debtors 6,055 10,459
63,745 119,606
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 3,894 3,635
Taxation and social security 56,835 82,135
60,729 85,770
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