Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10315160 Mr Jonathan Storey Mr Jonathan Storey true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10315160 2023-08-31 10315160 2024-08-31 10315160 2023-09-01 2024-08-31 10315160 frs-core:CurrentFinancialInstruments 2024-08-31 10315160 frs-core:Non-currentFinancialInstruments 2024-08-31 10315160 frs-core:ComputerEquipment 2024-08-31 10315160 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10315160 frs-core:ComputerEquipment 2023-08-31 10315160 frs-core:MotorVehicles 2024-08-31 10315160 frs-core:MotorVehicles 2023-09-01 2024-08-31 10315160 frs-core:MotorVehicles 2023-08-31 10315160 frs-core:ShareCapital 2024-08-31 10315160 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10315160 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10315160 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10315160 frs-bus:SmallEntities 2023-09-01 2024-08-31 10315160 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10315160 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10315160 frs-bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10315160 frs-bus:OrdinaryShareClass2 2024-08-31 10315160 1 2023-09-01 2024-08-31 10315160 frs-bus:Director1 2023-09-01 2024-08-31 10315160 frs-countries:EnglandWales 2023-09-01 2024-08-31 10315160 2022-08-31 10315160 2023-08-31 10315160 2022-09-01 2023-08-31 10315160 frs-core:CurrentFinancialInstruments 2023-08-31 10315160 frs-core:Non-currentFinancialInstruments 2023-08-31 10315160 frs-core:ShareCapital 2023-08-31 10315160 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10315160 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31
Registered number: 10315160
Story Image Makers Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Ten Forward Accounting Ltd
Chartered Certified Accountants
Suite 2A, 7th Floor
City Reach, 5 Greenwich View Place
London
E14 9NN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10315160
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 200,042 172,760
200,042 172,760
CURRENT ASSETS
Debtors 5 90,182 38,561
Investments 6 - 122,805
Cash at bank and in hand 6,764 50,771
96,946 212,137
Creditors: Amounts Falling Due Within One Year 7 (17,427 ) (65,602 )
NET CURRENT ASSETS (LIABILITIES) 79,519 146,535
TOTAL ASSETS LESS CURRENT LIABILITIES 279,561 319,295
Creditors: Amounts Falling Due After More Than One Year 8 (2,974 ) (6,993 )
NET ASSETS 276,587 312,302
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 276,586 312,301
SHAREHOLDERS' FUNDS 276,587 312,302
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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 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 Profit and Loss Account.
On behalf of the board
Mr Jonathan Storey
Director
19 May 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
Story Image Makers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10315160 . The registered office is Suite 2a, 7th Floor, City Reach, 5 Greenwich View Place, London, E14 9NN.
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:
Motor Vehicles No Depreciation
Computer Equipment 25% Straight Line Basis
There is no depreciation for the Classic Vehicles as these are measured under the revaluation model, with revaluations made every 1-5 years. 
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through the Profit and Loss Account, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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 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.
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2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 157,531 40,604 198,135
Additions 31,376 4,542 35,918
Disposals - (2,550 ) (2,550 )
As at 31 August 2024 188,907 42,596 231,503
Depreciation
As at 1 September 2023 - 25,375 25,375
Provided during the period - 7,739 7,739
Disposals - (1,653 ) (1,653 )
As at 31 August 2024 - 31,461 31,461
Net Book Value
As at 31 August 2024 188,907 11,135 200,042
As at 1 September 2023 157,531 15,229 172,760
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,337 13,555
VAT 2,838 -
Amounts owed by group undertakings 75,007 25,006
90,182 38,561
6. Current Asset Investments
2024 2023
£ £
Listed investments - 122,805
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,060 3,856
Corporation tax 2,392 12,306
VAT - 1,779
Other creditors 10,628 10,657
Accruals and deferred income 964 1,399
Director's loan account 383 35,605
17,427 65,602
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 2,974 6,993
On 11 May 2020, the company obtained an unsecured CBILS from NatWest Bank plc for £20,000. The loan is repayable over 72 months on a fixed interest rate of 2.5% from the date of the drawdown.
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1.000 each 1 1
10. Related Party Transactions
Jonny Storey LtdJonny Storey Ltd and Story Image Makers Ltd are subsidiaries of Storey Holdings LtdDuring the year the company provided financial support of £50,000 (2023: £Nil) to Jonny Storey Ltd. At year end the company was owed £75,005 (2023: £25,005) from Jonny Storey Ltd.

Jonny Storey Ltd

Jonny Storey Ltd and Story Image Makers Ltd are subsidiaries of Storey Holdings Ltd

During the year the company provided financial support of £50,000 (2023: £Nil) to Jonny Storey Ltd. At year end the company was owed £75,005 (2023: £25,005) from Jonny Storey Ltd.

Storey Holdings LtdThe company is a fully owned subsidiary of Storey Holdings LtdAt year end, the company was owed £2 (2023: £2) from Storey Holdings Ltd.

Storey Holdings Ltd

The company is a fully owned subsidiary of Storey Holdings Ltd

At year end, the company was owed £2 (2023: £2) from Storey Holdings Ltd.

11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Storey Holdings Ltd . Storey Holdings Ltd was incorporated in the United Kingdom. The ultimate controlling party is Mr Jonathan Storey who controls 100% of the shares of Storey Holdings Ltd.
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