Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10017265 Mr Fraser Duffin Mr Conal Dodds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10017265 2023-03-31 10017265 2024-03-31 10017265 2023-04-01 2024-03-31 10017265 frs-core:CurrentFinancialInstruments 2024-03-31 10017265 frs-core:Non-currentFinancialInstruments 2024-03-31 10017265 frs-core:ComputerEquipment 2024-03-31 10017265 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10017265 frs-core:ComputerEquipment 2023-03-31 10017265 frs-core:FurnitureFittings 2024-03-31 10017265 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10017265 frs-core:FurnitureFittings 2023-03-31 10017265 frs-core:ShareCapital 2024-03-31 10017265 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10017265 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10017265 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10017265 frs-bus:SmallEntities 2023-04-01 2024-03-31 10017265 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10017265 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10017265 frs-bus:Director1 2023-04-01 2024-03-31 10017265 frs-bus:Director1 2023-03-31 10017265 frs-bus:Director1 2024-03-31 10017265 frs-bus:Director2 2023-04-01 2024-03-31 10017265 frs-core:CurrentFinancialInstruments 1 2024-03-31 10017265 frs-core:CurrentFinancialInstruments 2 2024-03-31 10017265 frs-countries:EnglandWales 2023-04-01 2024-03-31 10017265 2022-03-31 10017265 2023-03-31 10017265 2022-04-01 2023-03-31 10017265 frs-core:CurrentFinancialInstruments 2023-03-31 10017265 frs-core:Non-currentFinancialInstruments 2023-03-31 10017265 frs-core:ShareCapital 2023-03-31 10017265 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10017265 frs-core:CurrentFinancialInstruments 1 2023-03-31 10017265 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 10017265
Crosstown Concerts Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10017265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,222 6,866
10,222 6,866
CURRENT ASSETS
Debtors 5 920,438 763,449
Cash at bank and in hand 2,136,748 705,126
3,057,186 1,468,575
Creditors: Amounts Falling Due Within One Year 6 (2,790,353 ) (1,100,371 )
NET CURRENT ASSETS (LIABILITIES) 266,833 368,204
TOTAL ASSETS LESS CURRENT LIABILITIES 277,055 375,070
Creditors: Amounts Falling Due After More Than One Year 7 (951,108 ) (961,379 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,942 ) (1,305 )
NET LIABILITIES (675,995 ) (587,614 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (675,996 ) (587,615 )
SHAREHOLDERS' FUNDS (675,995) (587,614)
Page 1
Page 2
For the year ending 31 March 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 Conal Dodds
Director
22nd April 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
Crosstown Concerts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10017265 . The registered office is Park House, 10 Park street, Bristol, BS1 5HX.
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 identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
2.4. 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:
Fixtures & Fittings 25% Written down value
Computer Equipment 25% Written down value
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 15)
14 15
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 380 18,518 18,898
Additions 2,750 4,352 7,102
As at 31 March 2024 3,130 22,870 26,000
Depreciation
As at 1 April 2023 261 11,771 12,032
Provided during the period 893 2,853 3,746
As at 31 March 2024 1,154 14,624 15,778
Net Book Value
As at 31 March 2024 1,976 8,246 10,222
As at 1 April 2023 119 6,747 6,866
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 410,602 611,622
Prepayments and accrued income 364,278 7,523
Other debtors 27,924 21,519
Other Loan - Paul Hutton 18,849 -
Corporation Tax recoverables 13,629 13,421
Directors' loan accounts 18,508 38,561
Amounts owed by group undertakings 66,648 65,803
920,438 758,449
Due after more than one year
Other debtors - Keir Tour Support - 5,000
920,438 763,449
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 867,954 319,379
Bank loans and overdrafts 10,126 10,126
Corporation tax - 150
Other taxes and social security 13,789 11,934
VAT 494,929 174,665
Other creditors 61,250 174,610
Pension payable 2,464 1,538
Intercompany - Polar Express 46,420 -
Accruals and deferred income 1,293,421 407,969
2,790,353 1,100,371
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,877 27,003
Directors loan account 934,231 934,376
951,108 961,379
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,942 1,305
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Conal Dodds 19,401 19 (912 ) - 18,508
The above loan is unsecured, interest free and repayable on demand.
Page 5