Acorah Software Products - Accounts Production 16.2.850 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08270678 Mr Daniel Lloyd Daniel Lloyd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08270678 2023-09-30 08270678 2024-09-30 08270678 2023-10-01 2024-09-30 08270678 frs-core:CurrentFinancialInstruments 2024-09-30 08270678 frs-core:ComputerEquipment 2024-09-30 08270678 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08270678 frs-core:ComputerEquipment 2023-09-30 08270678 frs-core:FurnitureFittings 2024-09-30 08270678 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08270678 frs-core:FurnitureFittings 2023-09-30 08270678 frs-core:NetGoodwill 2024-09-30 08270678 frs-core:NetGoodwill 2023-10-01 2024-09-30 08270678 frs-core:NetGoodwill 2023-09-30 08270678 frs-core:MotorVehicles 2024-09-30 08270678 frs-core:MotorVehicles 2023-10-01 2024-09-30 08270678 frs-core:MotorVehicles 2023-09-30 08270678 frs-core:ShareCapital 2024-09-30 08270678 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08270678 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08270678 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08270678 frs-bus:SmallEntities 2023-10-01 2024-09-30 08270678 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08270678 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08270678 1 2023-10-01 2024-09-30 08270678 frs-bus:Director1 2023-10-01 2024-09-30 08270678 frs-bus:Director1 2023-09-30 08270678 frs-bus:Director1 2024-09-30 08270678 frs-countries:EnglandWales 2023-10-01 2024-09-30 08270678 2022-09-30 08270678 2023-09-30 08270678 2022-10-01 2023-09-30 08270678 frs-core:CurrentFinancialInstruments 2023-09-30 08270678 frs-core:ShareCapital 2023-09-30 08270678 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08270678
Element Animation Ltd
Financial Statements
For The Year Ended 30 September 2024
Hodgson Finance Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 08270678
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 9,549 12,052
9,549 12,052
CURRENT ASSETS
Debtors 6 56,723 46,682
Cash at bank and in hand 8,570 174,656
65,293 221,338
Creditors: Amounts Falling Due Within One Year 7 (6,812 ) (143,819 )
NET CURRENT ASSETS (LIABILITIES) 58,481 77,519
TOTAL ASSETS LESS CURRENT LIABILITIES 68,030 89,571
NET ASSETS 68,030 89,571
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 67,930 89,471
SHAREHOLDERS' FUNDS 68,030 89,571
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Daniel Lloyd
Director
08/04/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Element Animation Ltd Registered number 08270678 is a limited by shares company incorporated in England & Wales. The Registered Office is 42 Avenswood Lane, Scunthorpe, DN15 8TB.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts, along with royalties recieved from advertisers.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33% Straight line
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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 year 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 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.
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.
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2.8. 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.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 4
2 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 10,000
As at 30 September 2024 10,000
Amortisation
As at 1 October 2023 10,000
As at 30 September 2024 10,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 12,708 6,358 100,497 119,563
Additions - 1,247 1,367 2,614
As at 30 September 2024 12,708 7,605 101,864 122,177
Depreciation
As at 1 October 2023 12,708 5,564 89,239 107,511
Provided during the period - 679 4,438 5,117
As at 30 September 2024 12,708 6,243 93,677 112,628
Net Book Value
As at 30 September 2024 - 1,362 8,187 9,549
As at 1 October 2023 - 794 11,258 12,052
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Page 4
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 10,497
VAT 1,547 -
Director's loan account 4,384 4,176
Amounts owed by joint-ventures 49,331 30,341
Amounts owed by other participating interests 1,461 1,668
56,723 46,682
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 722 2,630
Corporation tax 6,090 2,193
Other taxes and social security - 4,232
VAT - 44,817
Other creditors - 497
Accruals and deferred income - 89,450
6,812 143,819
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Daniel Lloyd 4,176 45,208 45,000 - 4,384
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Daniel Lloyd 45,000 45,000
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 45,000 45,000
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Page 5
11. Ultimate Controlling Party
The company's ultimate controlling party is Daniel Lloyd by virtue of his ownership of 100% of the issued share capital in the company.
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