Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06036110 Mr Steven Lord Ms Michelle Lord iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06036110 2023-12-31 06036110 2024-12-31 06036110 2024-01-01 2024-12-31 06036110 frs-core:CurrentFinancialInstruments 2024-12-31 06036110 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06036110 frs-core:FurnitureFittings 2024-12-31 06036110 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06036110 frs-core:FurnitureFittings 2023-12-31 06036110 frs-core:MotorVehicles 2024-12-31 06036110 frs-core:MotorVehicles 2024-01-01 2024-12-31 06036110 frs-core:MotorVehicles 2023-12-31 06036110 frs-core:OtherResidualIntangibleAssets 2024-12-31 06036110 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 06036110 frs-core:OtherResidualIntangibleAssets 2023-12-31 06036110 frs-core:ShareCapital 2024-12-31 06036110 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06036110 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06036110 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06036110 frs-bus:SmallEntities 2024-01-01 2024-12-31 06036110 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06036110 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06036110 frs-bus:Director1 2024-01-01 2024-12-31 06036110 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06036110 frs-countries:EnglandWales 2024-01-01 2024-12-31 06036110 2022-12-31 06036110 2023-12-31 06036110 2023-01-01 2023-12-31 06036110 frs-core:CurrentFinancialInstruments 2023-12-31 06036110 frs-core:WithinOneYear 2023-12-31 06036110 frs-core:ShareCapital 2023-12-31 06036110 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06036110
Primelight Films Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06036110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,116 2,311
Tangible Assets 5 47,033 52,708
48,149 55,019
CURRENT ASSETS
Stocks 12,384 11,612
Debtors 6 17,986 25,773
Cash at bank and in hand 73,942 64,728
104,312 102,113
Creditors: Amounts Falling Due Within One Year 7 (22,312 ) (30,622 )
NET CURRENT ASSETS (LIABILITIES) 82,000 71,491
TOTAL ASSETS LESS CURRENT LIABILITIES 130,149 126,510
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,821 ) (1,452 )
NET ASSETS 124,328 125,058
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 124,327 125,057
SHAREHOLDERS' FUNDS 124,328 125,058
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For the year ending 31 December 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 Income Statement.
On behalf of the board
Mr Steven Lord
Director
29 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Primelight Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06036110 . The registered office is The Octagon, Wells Road, Ilkley, West Yorkshire, LS29 9JB.
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
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern asumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to website design and development, and are measured at cost less accumulated amortisation. Amortisation is charged to the income statement over the assets' estimated economic life of 3 years.
2.5. 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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
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2.8. 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.
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 January 2024 3,767
As at 31 December 2024 3,767
Amortisation
As at 1 January 2024 1,456
Provided during the period 1,195
As at 31 December 2024 2,651
Net Book Value
As at 31 December 2024 1,116
As at 1 January 2024 2,311
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 21,940 94,926 116,866
Additions - 6,984 6,984
Disposals - (17,586 ) (17,586 )
As at 31 December 2024 21,940 84,324 106,264
...CONTINUED
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Depreciation
As at 1 January 2024 10,258 53,900 64,158
Provided during the period 2,920 6,829 9,749
Disposals - (14,676 ) (14,676 )
As at 31 December 2024 13,178 46,053 59,231
Net Book Value
As at 31 December 2024 8,762 38,271 47,033
As at 1 January 2024 11,682 41,026 52,708
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,763 17,957
Other debtors 4,223 7,816
17,986 25,773
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,050
Trade creditors 2,494 2,815
Other creditors 2,849 13,817
Taxation and social security 16,969 11,940
22,312 30,622
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,050
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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