Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13224052 Mr J Poole Ms A Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13224052 2024-03-31 13224052 2025-03-31 13224052 2024-04-01 2025-03-31 13224052 frs-core:CurrentFinancialInstruments 2025-03-31 13224052 frs-core:ComputerEquipment 2025-03-31 13224052 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13224052 frs-core:ComputerEquipment 2024-03-31 13224052 frs-core:MotorVehicles 2025-03-31 13224052 frs-core:MotorVehicles 2024-04-01 2025-03-31 13224052 frs-core:MotorVehicles 2024-03-31 13224052 frs-core:ShareCapital 2025-03-31 13224052 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13224052 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13224052 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13224052 frs-bus:SmallEntities 2024-04-01 2025-03-31 13224052 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13224052 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13224052 frs-bus:Director1 2024-04-01 2025-03-31 13224052 frs-bus:Director2 2024-04-01 2025-03-31 13224052 frs-countries:EnglandWales 2024-04-01 2025-03-31 13224052 2023-03-31 13224052 2024-03-31 13224052 2023-04-01 2024-03-31 13224052 frs-core:CurrentFinancialInstruments 2024-03-31 13224052 frs-core:ShareCapital 2024-03-31 13224052 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13224052
Artistically Twisted Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13224052
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,384 7,230
5,384 7,230
CURRENT ASSETS
Stocks 5 1,200 2,550
Debtors 6 12,471 20,866
Cash at bank and in hand 69,510 169,066
83,181 192,482
Creditors: Amounts Falling Due Within One Year 7 (47,564 ) (80,197 )
NET CURRENT ASSETS (LIABILITIES) 35,617 112,285
TOTAL ASSETS LESS CURRENT LIABILITIES 41,001 119,515
NET ASSETS 41,001 119,515
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 40,999 119,513
SHAREHOLDERS' FUNDS 41,001 119,515
Page 1
Page 2
For the year ending 31 March 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
Mr J Poole
Director
Ms A Watson
Director
21 May 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
Artistically Twisted Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13224052 . The registered office is First Floor, 314 Regents Park Road, London, N3 2LT.
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.
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 25% reducing balance
Computer Equipment 33% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 15,995 1,497 17,492
As at 31 March 2025 15,995 1,497 17,492
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2024 9,248 1,014 10,262
Provided during the period 1,687 159 1,846
As at 31 March 2025 10,935 1,173 12,108
Net Book Value
As at 31 March 2025 5,060 324 5,384
As at 1 April 2024 6,747 483 7,230
5. Stocks
2025 2024
£ £
Stock 1,200 2,550
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,167 10,888
Prepayments and accrued income 6,304 4,191
Other debtors - 5,787
12,471 20,866
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,853 3,591
Corporation tax 7,727 52,697
VAT 6,955 9,295
Other creditors 1,635 2,391
Accruals and deferred income 9,291 10,314
Directors' loan accounts 13,103 1,909
47,564 80,197
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4