Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11085818 Mr Ryan Ewen Mr Raymond Ewen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11085818 2023-06-30 11085818 2024-06-30 11085818 2023-07-01 2024-06-30 11085818 frs-core:CurrentFinancialInstruments 2024-06-30 11085818 frs-core:Non-currentFinancialInstruments 2024-06-30 11085818 frs-core:ComputerEquipment 2024-06-30 11085818 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11085818 frs-core:ComputerEquipment 2023-06-30 11085818 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 11085818 frs-core:FurnitureFittings 2024-06-30 11085818 frs-core:FurnitureFittings 2023-07-01 2024-06-30 11085818 frs-core:FurnitureFittings 2023-06-30 11085818 frs-core:OtherResidualIntangibleAssets 2024-06-30 11085818 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 11085818 frs-core:OtherResidualIntangibleAssets 2023-06-30 11085818 frs-core:PlantMachinery 2024-06-30 11085818 frs-core:PlantMachinery 2023-07-01 2024-06-30 11085818 frs-core:PlantMachinery 2023-06-30 11085818 frs-core:ShareCapital 2024-06-30 11085818 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11085818 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11085818 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11085818 frs-bus:SmallEntities 2023-07-01 2024-06-30 11085818 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11085818 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11085818 frs-bus:Director1 2023-07-01 2024-06-30 11085818 frs-bus:Director2 2023-07-01 2024-06-30 11085818 frs-countries:EnglandWales 2023-07-01 2024-06-30 11085818 2022-06-30 11085818 2023-06-30 11085818 2022-07-01 2023-06-30 11085818 frs-core:CurrentFinancialInstruments 2023-06-30 11085818 frs-core:Non-currentFinancialInstruments 2023-06-30 11085818 frs-core:ShareCapital 2023-06-30 11085818 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11085818
Falbros Media Group Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Alchemy Financial Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11085818
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 886 1,042
Tangible Assets 5 4,711 5,542
5,597 6,584
CURRENT ASSETS
Stocks 6 30,000 100,000
Debtors 7 183,860 140,847
Cash at bank and in hand - 5,009
213,860 245,856
Creditors: Amounts Falling Due Within One Year 8 (105,699 ) (101,068 )
NET CURRENT ASSETS (LIABILITIES) 108,161 144,788
TOTAL ASSETS LESS CURRENT LIABILITIES 113,758 151,372
Creditors: Amounts Falling Due After More Than One Year 9 (708,182 ) (630,376 )
NET LIABILITIES (594,424 ) (479,004 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (594,426 ) (479,006 )
SHAREHOLDERS' FUNDS (594,424) (479,004)
Page 1
Page 2
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
Mr Ryan Ewen
Director
14/03/2025
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
Falbros Media Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11085818 . The registered office is 21 Bonny Street, London, NW1 9PE.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 15% on WDV
Fixtures & Fittings 15% on WDV
Computer Equipment 15% on WDV
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 2,455
As at 30 June 2024 2,455
Amortisation
As at 1 July 2023 1,413
Provided during the period 156
As at 30 June 2024 1,569
...CONTINUED
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Page 4
Net Book Value
As at 30 June 2024 886
As at 1 July 2023 1,042
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 611 800 8,488 9,899
As at 30 June 2024 611 800 8,488 9,899
Depreciation
As at 1 July 2023 611 347 3,399 4,357
Provided during the period - 68 763 831
As at 30 June 2024 611 415 4,162 5,188
Net Book Value
As at 30 June 2024 - 385 4,326 4,711
As at 1 July 2023 - 453 5,089 5,542
6. Stocks
2024 2023
£ £
Stock 30,000 100,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 144,238 116,806
Other debtors 39,622 24,041
183,860 140,847
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,149 6,148
Other creditors 93,525 93,520
Taxation and social security 6,025 1,400
105,699 101,068
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 168,439 171,247
Amounts owed to group undertakings 539,743 459,129
708,182 630,376
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5