Acorah Software Products - Accounts Production 16.3.350 false true true 30 January 2023 1 February 2022 false 31 January 2023 29 January 2024 29 January 2024 10556891 Mr John Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10556891 2023-01-30 10556891 2024-01-29 10556891 2023-01-31 2024-01-29 10556891 frs-core:CurrentFinancialInstruments 2024-01-29 10556891 frs-core:Non-currentFinancialInstruments 2024-01-29 10556891 frs-core:ComputerEquipment 2024-01-29 10556891 frs-core:ComputerEquipment 2023-01-31 2024-01-29 10556891 frs-core:ComputerEquipment 2023-01-30 10556891 frs-core:FurnitureFittings 2024-01-29 10556891 frs-core:FurnitureFittings 2023-01-31 2024-01-29 10556891 frs-core:FurnitureFittings 2023-01-30 10556891 frs-core:ShareCapital 2024-01-29 10556891 frs-core:RetainedEarningsAccumulatedLosses 2024-01-29 10556891 frs-bus:PrivateLimitedCompanyLtd 2023-01-31 2024-01-29 10556891 frs-bus:FilletedAccounts 2023-01-31 2024-01-29 10556891 frs-bus:SmallEntities 2023-01-31 2024-01-29 10556891 frs-bus:AuditExempt-NoAccountantsReport 2023-01-31 2024-01-29 10556891 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-31 2024-01-29 10556891 frs-bus:Director1 2023-01-31 2024-01-29 10556891 frs-core:CurrentFinancialInstruments 1 2024-01-29 10556891 frs-core:CurrentFinancialInstruments 2 2024-01-29 10556891 frs-core:CurrentFinancialInstruments 3 2024-01-29 10556891 frs-countries:EnglandWales 2023-01-31 2024-01-29 10556891 2022-01-31 10556891 2023-01-30 10556891 2022-02-01 2023-01-30 10556891 frs-core:CurrentFinancialInstruments 2023-01-30 10556891 frs-core:Non-currentFinancialInstruments 2023-01-30 10556891 frs-core:ShareCapital 2023-01-30 10556891 frs-core:RetainedEarningsAccumulatedLosses 2023-01-30 10556891 frs-core:CurrentFinancialInstruments 1 2023-01-30 10556891 frs-core:CurrentFinancialInstruments 2 2023-01-30 10556891 frs-core:CurrentFinancialInstruments 3 2023-01-30
Registered number: 10556891
Contego Media Group Ltd
Unaudited Financial Statements
For The Year Ended 29 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10556891
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 87 525
87 525
CURRENT ASSETS
Debtors 4 181,559 489,997
Investments 5 41,000 41,000
Cash at bank and in hand 87,328 148,936
309,887 679,933
Creditors: Amounts Falling Due Within One Year 6 (144,905 ) (587,888 )
NET CURRENT ASSETS (LIABILITIES) 164,982 92,045
TOTAL ASSETS LESS CURRENT LIABILITIES 165,069 92,570
Creditors: Amounts Falling Due After More Than One Year 7 (15,661 ) (25,780 )
NET ASSETS 149,408 66,790
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 149,407 66,789
SHAREHOLDERS' FUNDS 149,408 66,790
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For the year ending 29 January 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 John Bailey
Director
4 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
1.3. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of
the revision and future periods where the revision affects both current and future periods.
1.4. 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.
1.5. 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:
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
1.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
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 unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
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1.7. 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 years 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.
1.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,
other short-term highly liquid investments that mature in no more than three months from the date of acquisition and
are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 31 January 2023 1,015 1,122 2,137
As at 29 January 2024 1,015 1,122 2,137
Depreciation
As at 31 January 2023 771 841 1,612
Provided during the period 157 281 438
As at 29 January 2024 928 1,122 2,050
Net Book Value
As at 29 January 2024 87 - 87
As at 31 January 2023 244 281 525
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,926 352,644
Director loan account 54,654 31,374
Loan 57,500 57,500
Intercompany - Contego Media Ltd 47,979 47,979
Intercompany - Bailey Estate Holding 500 500
181,559 489,997
5. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 41,000 41,000
41,000 41,000
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,838 11,224
Bank loans and overdrafts 10,119 9,870
Corporation tax 48,825 19,798
PAYE control account 1,311 1,236
VAT 7,136 69,219
Wages and salaries control account 215 417
Accruals 58,461 475,964
Pension control account - 160
144,905 587,888
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce back loan 15,661 25,780
15,661 25,780
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. General Information
Contego Media Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10556891 . The registered office is First Floor St. Augustines Court, St. Augustines Place, Bristol, South West, BS1 4XP.
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