Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06303673 Mr Jonathan Barlow Mr Adrian Perry Mr Adrian Perry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06303673 2023-07-31 06303673 2024-07-31 06303673 2023-08-01 2024-07-31 06303673 frs-core:CurrentFinancialInstruments 2024-07-31 06303673 frs-core:ComputerEquipment 2024-07-31 06303673 frs-core:ComputerEquipment 2023-08-01 2024-07-31 06303673 frs-core:ComputerEquipment 2023-07-31 06303673 frs-core:ShareCapital 2024-07-31 06303673 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06303673 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06303673 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06303673 frs-bus:SmallEntities 2023-08-01 2024-07-31 06303673 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06303673 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06303673 frs-bus:Director1 2023-08-01 2024-07-31 06303673 frs-bus:Director2 2023-08-01 2024-07-31 06303673 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 06303673 frs-core:CurrentFinancialInstruments 1 2024-07-31 06303673 frs-core:CurrentFinancialInstruments 2 2024-07-31 06303673 frs-countries:EnglandWales 2023-08-01 2024-07-31 06303673 2022-07-31 06303673 2023-07-31 06303673 2022-08-01 2023-07-31 06303673 frs-core:CurrentFinancialInstruments 2023-07-31 06303673 frs-core:ShareCapital 2023-07-31 06303673 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 06303673 frs-core:CurrentFinancialInstruments 1 2023-07-31 06303673 frs-core:CurrentFinancialInstruments 2 2023-07-31
Registered number: 06303673
3 Beat Productions Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06303673
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 87,076 281,144
Cash at bank and in hand 408,525 537,804
495,601 818,948
Creditors: Amounts Falling Due Within One Year 6 (826,539 ) (1,022,243 )
NET CURRENT ASSETS (LIABILITIES) (330,938 ) (203,295 )
TOTAL ASSETS LESS CURRENT LIABILITIES (330,938 ) (203,295 )
NET LIABILITIES (330,938 ) (203,295 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (330,939 ) (203,296 )
SHAREHOLDERS' FUNDS (330,938) (203,295)
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 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 Adrian Perry
Director
03/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
3 Beat Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06303673 . The registered office is Parr Street Studios, 33-45 Parr Street, Liverpool, L1 4JN.
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. 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:
Computer Equipment 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 42,566
As at 31 July 2024 42,566
Depreciation
As at 1 August 2023 42,566
As at 31 July 2024 42,566
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 30,657
3 Beat Music - loan account 2,273 17,157
Other taxes and social security 23,512 -
Directors' loan accounts 61,291 123,180
87,076 170,994
Due after more than one year
Amounts owed by group undertakings - 110,150
87,076 281,144
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,095 21,524
Bank loans and overdrafts 5,764 5,253
Corporation tax (69 ) (69 )
Other taxes and social security - 20,370
VAT 7,233 62,038
Other creditors - 107,611
Retainers 585,775 585,775
Accruals and deferred income 219,741 219,741
826,539 1,022,243
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3