Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11461706 Mr Joseph Hobbs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11461706 2023-07-31 11461706 2024-07-31 11461706 2023-08-01 2024-07-31 11461706 frs-core:CurrentFinancialInstruments 2024-07-31 11461706 frs-core:Non-currentFinancialInstruments 2024-07-31 11461706 frs-core:ComputerEquipment 2024-07-31 11461706 frs-core:ComputerEquipment 2023-08-01 2024-07-31 11461706 frs-core:ComputerEquipment 2023-07-31 11461706 frs-core:FurnitureFittings 2024-07-31 11461706 frs-core:FurnitureFittings 2023-08-01 2024-07-31 11461706 frs-core:FurnitureFittings 2023-07-31 11461706 frs-core:PlantMachinery 2024-07-31 11461706 frs-core:PlantMachinery 2023-08-01 2024-07-31 11461706 frs-core:PlantMachinery 2023-07-31 11461706 frs-core:ShareCapital 2024-07-31 11461706 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11461706 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11461706 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11461706 frs-bus:SmallEntities 2023-08-01 2024-07-31 11461706 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11461706 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11461706 frs-bus:Director1 2023-08-01 2024-07-31 11461706 1 2023-08-01 2024-07-31 11461706 frs-countries:EnglandWales 2023-08-01 2024-07-31 11461706 2022-07-31 11461706 2023-07-31 11461706 2022-08-01 2023-07-31 11461706 frs-core:CurrentFinancialInstruments 2023-07-31 11461706 frs-core:Non-currentFinancialInstruments 2023-07-31 11461706 frs-core:ShareCapital 2023-07-31 11461706 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11461706 1 2022-08-01 2023-07-31
Registered number: 11461706
Yestermorrow Studios Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Perfect Numbers
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11461706
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,769 6,981
6,769 6,981
CURRENT ASSETS
Stocks 5 26,422 21,778
Debtors 6 822 5,365
Cash at bank and in hand 4,662 5,459
31,906 32,602
Creditors: Amounts Falling Due Within One Year 7 (20,699 ) (19,889 )
NET CURRENT ASSETS (LIABILITIES) 11,207 12,713
TOTAL ASSETS LESS CURRENT LIABILITIES 17,976 19,694
Creditors: Amounts Falling Due After More Than One Year 8 (13,211 ) (16,541 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,287 ) (1,327 )
NET ASSETS 3,478 1,826
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,378 1,726
SHAREHOLDERS' FUNDS 3,478 1,826
Page 1
Page 2
For the year ending 31 July 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 Joseph Hobbs
Director
22/04/2025
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
Yestermorrow Studios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11461706 . The registered office is 57 Isham Road, Norbury, London, SW16 4TG.
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.
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. 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 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.
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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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Employees 1 1
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 10,590 289 5,441 16,320
Additions 2,044 - - 2,044
As at 31 July 2024 12,634 289 5,441 18,364
Depreciation
As at 1 August 2023 5,594 197 3,548 9,339
Provided during the period 1,760 23 473 2,256
As at 31 July 2024 7,354 220 4,021 11,595
Net Book Value
As at 31 July 2024 5,280 69 1,420 6,769
As at 1 August 2023 4,996 92 1,893 6,981
5. Stocks
2024 2023
£ £
Stock 26,422 21,778
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 822 3,815
Corporation tax recoverable assets - 1,251
VAT - 299
822 5,365
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,047 3,056
Bank loans and overdrafts 2,509 -
Corporation tax 113 -
VAT 285 -
Accruals and deferred income 400 800
Director's loan account 15,345 16,033
20,699 19,889
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,211 16,541
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5