Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 08394961 D R Corbin M J Austen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08394961 2024-02-28 08394961 2025-02-28 08394961 2024-02-29 2025-02-28 08394961 frs-core:CurrentFinancialInstruments 2025-02-28 08394961 frs-core:BetweenOneFiveYears 2025-02-28 08394961 frs-core:MotorVehicles 2025-02-28 08394961 frs-core:MotorVehicles 2024-02-29 2025-02-28 08394961 frs-core:MotorVehicles 2024-02-28 08394961 frs-core:PlantMachinery 2025-02-28 08394961 frs-core:PlantMachinery 2024-02-29 2025-02-28 08394961 frs-core:PlantMachinery 2024-02-28 08394961 frs-core:WithinOneYear 2025-02-28 08394961 frs-core:ShareCapital 2025-02-28 08394961 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08394961 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 08394961 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 08394961 frs-bus:SmallEntities 2024-02-29 2025-02-28 08394961 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 08394961 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 08394961 1 2024-02-29 2025-02-28 08394961 frs-bus:Director1 2024-02-29 2025-02-28 08394961 frs-bus:Director2 2024-02-29 2025-02-28 08394961 frs-countries:EnglandWales 2024-02-29 2025-02-28 08394961 2023-02-28 08394961 2024-02-28 08394961 2023-03-01 2024-02-28 08394961 frs-core:CurrentFinancialInstruments 2024-02-28 08394961 frs-core:BetweenOneFiveYears 2024-02-28 08394961 frs-core:WithinOneYear 2024-02-28 08394961 frs-core:ShareCapital 2024-02-28 08394961 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 08394961
Austen Corbin Productions Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08394961
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,272 50,806
40,272 50,806
CURRENT ASSETS
Debtors 5 28,598 33,823
Cash at bank and in hand 66,548 106,267
95,146 140,090
Creditors: Amounts Falling Due Within One Year 6 (36,498 ) (101,482 )
NET CURRENT ASSETS (LIABILITIES) 58,648 38,608
TOTAL ASSETS LESS CURRENT LIABILITIES 98,920 89,414
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,068 ) (9,274 )
NET ASSETS 88,852 80,140
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 88,752 80,040
SHAREHOLDERS' FUNDS 88,852 80,140
For the year ending 28 February 2025 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
D R Corbin
Director
12 May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Austen Corbin Productions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08394961 . The registered office is Unit 40, Meridian House, Battersea Reach, Juniper Drive, Wandsworth, London, SW18 1QS.
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 rendering of services. Turnover from the rendering of services is recognised in the period the service is provided.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 29 February 2024 67,873 46,845 114,718
Additions 853 - 853
As at 28 February 2025 68,726 46,845 115,571
Depreciation
As at 29 February 2024 47,010 16,902 63,912
Provided during the period 5,429 5,958 11,387
As at 28 February 2025 52,439 22,860 75,299
Net Book Value
As at 28 February 2025 16,287 23,985 40,272
As at 29 February 2024 20,863 29,943 50,806
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,540 13,647
Other debtors 16,058 20,176
28,598 33,823
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 25,557 75,141
Taxation and social security 10,941 26,341
36,498 101,482
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 24,000 24,000
Later than one year and not later than five years 120,000 120,000
144,000 144,000
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Page 4
9. Related Party Transactions
D Corbin
The above is a related party by virtue of being a director.
During the year, the director incurred expenses and drew against his loan account.
At the balance sheet date, he owed £3,382 (2024: he was owed £13,588 ) to the company.
No interest has been charged on this loan during the period.
Gorilla Studios Limited
The above is a related party by virtue of the directors of the company also being directors of the
related party.
At the balance sheet date the related party owed the company £10,674 (2024: £10,674).
During the year the company was charged rent by the related party amounting to £24,000 (2024: £24,000).
No interest has been charged on this loan.
M Austen
The above is a related party by virtue of being a director.
During the year, the director incurred expenses and drew against his loan account.
At the balance sheet date, he was owed £16,932 (2024: £21,050) by the company.
No interest was charged on this loan during the period.
10. Ultimate Controlling Party
The ultimate controlling parties are the directors by virtue of their equal shareholdings.
11. Charges
National Westminster Bank plc hold a fixed and floating charge over the assets of the Company.
Page 4