Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10412553 Mr Andrew Wyatt Mrs Helen Wyatt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10412553 2023-10-31 10412553 2024-10-31 10412553 2023-11-01 2024-10-31 10412553 frs-core:CurrentFinancialInstruments 2024-10-31 10412553 frs-core:ComputerEquipment 2024-10-31 10412553 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10412553 frs-core:ComputerEquipment 2023-10-31 10412553 frs-core:MotorVehicles 2023-11-01 2024-10-31 10412553 frs-core:PlantMachinery 2024-10-31 10412553 frs-core:PlantMachinery 2023-11-01 2024-10-31 10412553 frs-core:PlantMachinery 2023-10-31 10412553 frs-core:ShareCapital 2024-10-31 10412553 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10412553 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10412553 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10412553 frs-bus:SmallEntities 2023-11-01 2024-10-31 10412553 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10412553 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10412553 frs-core:CostValuation 2023-10-31 10412553 frs-core:CostValuation 2024-10-31 10412553 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 10412553 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 10412553 frs-bus:Director1 2023-11-01 2024-10-31 10412553 frs-bus:Director1 2023-10-31 10412553 frs-bus:Director1 2024-10-31 10412553 frs-bus:Director2 2023-11-01 2024-10-31 10412553 frs-countries:EnglandWales 2023-11-01 2024-10-31 10412553 2022-10-31 10412553 2023-10-31 10412553 2022-11-01 2023-10-31 10412553 frs-core:CurrentFinancialInstruments 2023-10-31 10412553 frs-core:ShareCapital 2023-10-31 10412553 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10412553
Animation Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Grant & Co (Accountants) Limited
Units 4 & 5 Rockfield Business Park
Old Station Drive
Cheltenham
Gloucestershire
GL53 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10412553
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,200 14,292
Investments 5 3,086 3,086
15,286 17,378
CURRENT ASSETS
Debtors 6 83,736 52,348
Cash at bank and in hand 602 65,237
84,338 117,585
Creditors: Amounts Falling Due Within One Year 7 (97,162 ) (132,169 )
NET CURRENT ASSETS (LIABILITIES) (12,824 ) (14,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,462 2,794
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,440 ) (1,910 )
NET ASSETS 22 884
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 21 883
SHAREHOLDERS' FUNDS 22 884
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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 Andrew Wyatt
Director
11/06/2025
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
Animation Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10412553 . The registered office is The Studio, 6 Severn Road, Porthcawl, CF36 3LW.
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:
Plant & Machinery 20% Reducing balance
Motor Vehicles
Computer Equipment 25% Straight line
2.4. 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 33,616 19,104 52,720
Additions 2,057 996 3,053
As at 31 October 2024 35,673 20,100 55,773
Depreciation
As at 1 November 2023 23,565 14,863 38,428
Provided during the period 2,404 2,741 5,145
As at 31 October 2024 25,969 17,604 43,573
Net Book Value
As at 31 October 2024 9,704 2,496 12,200
As at 1 November 2023 10,051 4,241 14,292
5. Investments
Other
£
Cost
As at 1 November 2023 3,086
As at 31 October 2024 3,086
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 3,086
As at 1 November 2023 3,086
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,501 16,566
Other debtors 72,235 35,782
83,736 52,348
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,665 1
Bank loans and overdrafts 1,934 -
Other creditors 6,393 94,504
Taxation and social security 42,170 37,664
97,162 132,169
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Andrew Wyatt 9,688 137,392 140,234 - 6,846
The above loan is unsecured, interest free and repayable on demand.
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