Acorah Software Products - Accounts Production 16.2.850 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05998655 Mrs S K Holiday Ms C A Redman Lusher Mr S J Redman Lusher Mr D Lusher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05998655 2023-08-31 05998655 2024-08-31 05998655 2023-09-01 2024-08-31 05998655 frs-core:CurrentFinancialInstruments 2024-08-31 05998655 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 05998655 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 05998655 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 05998655 frs-core:ShareCapital 2024-08-31 05998655 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05998655 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05998655 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05998655 frs-bus:SmallEntities 2023-09-01 2024-08-31 05998655 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05998655 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05998655 frs-bus:Director1 2023-09-01 2024-08-31 05998655 frs-bus:Director2 2023-09-01 2024-08-31 05998655 frs-bus:Director3 2023-09-01 2024-08-31 05998655 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05998655 frs-countries:EnglandWales 2023-09-01 2024-08-31 05998655 2022-08-31 05998655 2023-08-31 05998655 2022-09-01 2023-08-31 05998655 frs-core:CurrentFinancialInstruments 2023-08-31 05998655 frs-core:ShareCapital 2023-08-31 05998655 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05998655
Rock Records Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05998655
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,582 4,624
18,582 4,624
CURRENT ASSETS
Debtors 5 212 240
Cash at bank and in hand 2,984 421
3,196 661
Creditors: Amounts Falling Due Within One Year 6 (125,695 ) (104,126 )
NET CURRENT ASSETS (LIABILITIES) (122,499 ) (103,465 )
TOTAL ASSETS LESS CURRENT LIABILITIES (103,917 ) (98,841 )
NET LIABILITIES (103,917 ) (98,841 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (103,919 ) (98,843 )
SHAREHOLDERS' FUNDS (103,917) (98,841)
Page 1
Page 2
For the year ending 31 August 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
Mrs S K Holiday
Director
09/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rock Records Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05998655 . The registered office is Unit 7 Hurlands Business Centre, Farnham, Surrey, GU9 9JE.
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
At the balance sheet date, the company had net liabilities. The company's major creditor is a company under common control and that company has confirmed that it will not withdraw its financial support to the detriment of the company or its other creditors. The company is now generating income and is becoming more able to meet its own liabilities as they fall due. However, financial support is still provided by its shareholder and associate companies to ensure that this is the case. The directors are satisifed that financial support will not be withdrawn in the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents income from downloads of music singles, and is included on the basis of the download date.
Other income comprises of royalties received which are recognised on a receipts basis.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are music track production costs. These relate to the production of various tracks to release as singles, including in 2024 "You're the Voice", "Wish it could be Christmas", and "Fix You". Costs capitalised include production of the tracks, recording and mixing of the songs and management of the project. Advertising and single production costs are expensed directly to the P&L.
Amortisation commences upon the release of the track as a single. The amortisation policy has been set at 50% straight line.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2023 23,182
Additions 15,001
As at 31 August 2024 38,183
...CONTINUED
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Amortisation
As at 1 September 2023 18,558
Provided during the period 1,043
As at 31 August 2024 19,601
Net Book Value
As at 31 August 2024 18,582
As at 1 September 2023 4,624
Production costs are capitalised in the year that the music single is recorded, and amortised once the singles are released. For costs capitalised in the year, as well as for some costs incurred in prior years, not all of the singles had been released at the balance sheet date and therefore amortisation has not yet commenced.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 93 134
Other debtors 119 106
212 240
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 160 -
Other creditors 49 3
Accruals and deferred income 1,892 1,765
Amounts owed to associate 123,594 102,358
125,695 104,126
The amount owed to the associated company is interest free and repayable upon demand but that company has confirmed that the loan will not be withdrawn in detriment to the company or its other creditors.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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