Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12676565 Mr Steven Campbell Mr Phillip Sands iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12676565 2023-06-30 12676565 2024-06-30 12676565 2023-07-01 2024-06-30 12676565 frs-core:CurrentFinancialInstruments 2024-06-30 12676565 frs-core:ComputerEquipment 2024-06-30 12676565 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12676565 frs-core:ComputerEquipment 2023-06-30 12676565 frs-core:FurnitureFittings 2024-06-30 12676565 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12676565 frs-core:FurnitureFittings 2023-06-30 12676565 frs-core:ShareCapital 2024-06-30 12676565 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12676565 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12676565 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12676565 frs-bus:SmallEntities 2023-07-01 2024-06-30 12676565 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12676565 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12676565 frs-bus:Director1 2023-07-01 2024-06-30 12676565 frs-bus:Director2 2023-07-01 2024-06-30 12676565 frs-countries:EnglandWales 2023-07-01 2024-06-30 12676565 2022-06-30 12676565 2023-06-30 12676565 2022-07-01 2023-06-30 12676565 frs-core:CurrentFinancialInstruments 2023-06-30 12676565 frs-core:ShareCapital 2023-06-30 12676565 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12676565
Create Framing & Memorabilia Ltd
Financial Statements
For The Year Ended 30 June 2024
ADC Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12676565
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,249 3,625
3,249 3,625
CURRENT ASSETS
Stocks 5 3,000 3,000
Debtors 6 20,268 21,907
Cash at bank and in hand 95,018 55,211
118,286 80,118
Creditors: Amounts Falling Due Within One Year 7 (65,769 ) (47,697 )
NET CURRENT ASSETS (LIABILITIES) 52,517 32,421
TOTAL ASSETS LESS CURRENT LIABILITIES 55,766 36,046
NET ASSETS 55,766 36,046
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 55,764 36,044
SHAREHOLDERS' FUNDS 55,766 36,046
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For the year ending 30 June 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 Steven Campbell
Director
Mr Phillip Sands
Director
16/08/2024
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
Create Framing & Memorabilia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12676565 . The registered office is Unit 7 Machins Ind Est Nottingham Road, Gotham, Nottingham, NG11 0HG.
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.
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 work.
Income is recognised in the period the work was completed and deliverd.
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:
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% 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.
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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.
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: 5 (2023: 4)
5 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 4,059 2,331 6,390
Additions 440 - 440
As at 30 June 2024 4,499 2,331 6,830
Depreciation
As at 1 July 2023 1,773 992 2,765
Provided during the period 548 268 816
As at 30 June 2024 2,321 1,260 3,581
Net Book Value
As at 30 June 2024 2,178 1,071 3,249
As at 1 July 2023 2,286 1,339 3,625
5. Stocks
2024 2023
£ £
Stock 3,000 3,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,266 21,905
Other debtors 2 2
20,268 21,907
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,003 12,284
Corporation tax 29,167 20,621
Other taxes and social security 3,035 3,350
VAT 12,437 9,440
Other creditors 2,527 1,402
Accruals and deferred income 600 600
65,769 47,697
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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