Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 01452147 Mr Greg Walsh Mrs Julie Walsh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01452147 2023-10-31 01452147 2024-10-31 01452147 2023-11-01 2024-10-31 01452147 frs-core:CurrentFinancialInstruments 2024-10-31 01452147 frs-core:FurnitureFittings 2024-10-31 01452147 frs-core:FurnitureFittings 2023-11-01 2024-10-31 01452147 frs-core:FurnitureFittings 2023-10-31 01452147 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 01452147 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 01452147 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 01452147 frs-core:ShareCapital 2024-10-31 01452147 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 01452147 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01452147 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 01452147 frs-bus:SmallEntities 2023-11-01 2024-10-31 01452147 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 01452147 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 01452147 frs-bus:Director1 2023-11-01 2024-10-31 01452147 frs-bus:Director2 2023-11-01 2024-10-31 01452147 frs-countries:EnglandWales 2023-11-01 2024-10-31 01452147 2022-10-31 01452147 2023-10-31 01452147 2022-11-01 2023-10-31 01452147 frs-core:CurrentFinancialInstruments 2023-10-31 01452147 frs-core:ShareCapital 2023-10-31 01452147 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 01452147
Sky Light Productions Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 01452147
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,683 2,243
1,683 2,243
CURRENT ASSETS
Debtors 5 4,344 4,530
Cash at bank and in hand - 7,621
4,344 12,151
Creditors: Amounts Falling Due Within One Year 6 (56,684 ) (65,723 )
NET CURRENT ASSETS (LIABILITIES) (52,340 ) (53,572 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,657 ) (51,329 )
NET LIABILITIES (50,657 ) (51,329 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (50,757 ) (51,429 )
SHAREHOLDERS' FUNDS (50,657) (51,329)
For the year ending 31 October 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 Greg Walsh
Director
02/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Sky Light Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01452147 . The registered office is Ground Floor Flat, 99 Axminster Road, London, N7 6BS.
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
The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the directors.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax. Turnover includes revenue earned from the receipt of fees and royalties.
2.4. 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:
Leasehold 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Financial Instruments
The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.6. Taxation
Corporation 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 7,821 26,351 34,172
As at 31 October 2024 7,821 26,351 34,172
Depreciation
As at 1 November 2023 7,160 24,769 31,929
Provided during the period 165 395 560
As at 31 October 2024 7,325 25,164 32,489
Net Book Value
As at 31 October 2024 496 1,187 1,683
As at 1 November 2023 661 1,582 2,243
5. Debtors
2024 2023
£ £
Due within one year
Deferred tax current asset 4,344 4,530
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,807 -
VAT 368 244
Accruals and deferred income 1,500 1,500
Directors' loan accounts 51,009 63,979
56,684 65,723
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included in creditors is an amount owed to the directors of £51,009 (2023:£63,979).
Page 3