Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 05998510 Mr Richard Hall Mr David Howard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05998510 2023-11-30 05998510 2024-11-30 05998510 2023-12-01 2024-11-30 05998510 frs-core:CurrentFinancialInstruments 2024-11-30 05998510 frs-core:ComputerEquipment 2024-11-30 05998510 frs-core:ComputerEquipment 2023-12-01 2024-11-30 05998510 frs-core:ComputerEquipment 2023-11-30 05998510 frs-core:FurnitureFittings 2024-11-30 05998510 frs-core:FurnitureFittings 2023-12-01 2024-11-30 05998510 frs-core:FurnitureFittings 2023-11-30 05998510 frs-core:MotorVehicles 2024-11-30 05998510 frs-core:MotorVehicles 2023-12-01 2024-11-30 05998510 frs-core:MotorVehicles 2023-11-30 05998510 frs-core:PlantMachinery 2024-11-30 05998510 frs-core:PlantMachinery 2023-12-01 2024-11-30 05998510 frs-core:PlantMachinery 2023-11-30 05998510 frs-core:ShareCapital 2024-11-30 05998510 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05998510 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05998510 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05998510 frs-bus:SmallEntities 2023-12-01 2024-11-30 05998510 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05998510 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05998510 frs-bus:Director1 2023-12-01 2024-11-30 05998510 frs-bus:Director2 2023-12-01 2024-11-30 05998510 frs-core:CurrentFinancialInstruments 1 2024-11-30 05998510 frs-core:CurrentFinancialInstruments 2 2024-11-30 05998510 frs-core:CurrentFinancialInstruments 5 2024-11-30 05998510 frs-countries:EnglandWales 2023-12-01 2024-11-30 05998510 2022-11-30 05998510 2023-11-30 05998510 2022-12-01 2023-11-30 05998510 frs-core:CurrentFinancialInstruments 2023-11-30 05998510 frs-core:ShareCapital 2023-11-30 05998510 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05998510 frs-core:CurrentFinancialInstruments 1 2023-11-30 05998510 frs-core:CurrentFinancialInstruments 2 2023-11-30 05998510 frs-core:CurrentFinancialInstruments 4 2023-11-30 05998510 frs-core:CurrentFinancialInstruments 5 2023-11-30
Registered number: 05998510
Monster Films (Wales) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
TaxAssist Accountants
64 Southwark Bridge Road
London
SE1 0AS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05998510
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,988 44,508
20,988 44,508
CURRENT ASSETS
Debtors 5 559,699 410,287
Cash at bank and in hand 19,168 3,315
578,867 413,602
Creditors: Amounts Falling Due Within One Year 6 (495,473 ) (322,661 )
NET CURRENT ASSETS (LIABILITIES) 83,394 90,941
TOTAL ASSETS LESS CURRENT LIABILITIES 104,382 135,449
NET ASSETS 104,382 135,449
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 104,381 135,448
SHAREHOLDERS' FUNDS 104,382 135,449
For the year ending 30 November 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 Richard Hall
Director
18 June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Monster Films (Wales) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05998510 . The registered office is 13 Hereford Street, Presteigne, LD8 2AR.
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 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 5,962 54,652 14,248 70,697 145,559
Additions - - 768 - 768
Disposals - (54,652 ) - - (54,652 )
As at 30 November 2024 5,962 - 15,016 70,697 91,675
Depreciation
As at 1 December 2023 3,820 37,360 9,811 50,060 101,051
Provided during the period 535 - 1,301 5,160 6,996
Disposals - (37,360 ) - - (37,360 )
As at 30 November 2024 4,355 - 11,112 55,220 70,687
Net Book Value
As at 30 November 2024 1,607 - 3,904 15,477 20,988
As at 1 December 2023 2,142 17,292 4,437 20,637 44,508
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 413,293 50,101
Prepayments and accrued income 139,118 359,464
Other Debtors - Rental Deposits 722 722
Directors' loan accounts 6,566 -
559,699 410,287
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,283 13,128
Corporation tax 47,261 35,830
P.A.Y.E. control account 257 694
VAT 47,131 40,642
Pension payable 59 -
Credit card - AMEX 5,093 18,311
Intercompany loans 356,306 179,784
Credit Card - Barclaycard - 925
Capital on Tap 169 -
Accruals and deferred income 34,740 30,337
Directors' loan accounts 174 3,010
495,473 322,661
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Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4