Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12963395 Mr OLASUBOMI ODANYE Mr MATTHEW QUADRI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12963395 2023-10-31 12963395 2024-10-31 12963395 2023-11-01 2024-10-31 12963395 frs-core:CurrentFinancialInstruments 2024-10-31 12963395 frs-core:PlantMachinery 2024-10-31 12963395 frs-core:PlantMachinery 2023-11-01 2024-10-31 12963395 frs-core:PlantMachinery 2023-10-31 12963395 frs-core:ShareCapital 2024-10-31 12963395 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12963395 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12963395 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12963395 frs-bus:SmallEntities 2023-11-01 2024-10-31 12963395 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12963395 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12963395 frs-bus:Director1 2023-11-01 2024-10-31 12963395 frs-bus:Director2 2023-11-01 2024-10-31 12963395 frs-countries:EnglandWales 2023-11-01 2024-10-31 12963395 2022-10-31 12963395 2023-10-31 12963395 2022-11-01 2023-10-31 12963395 frs-core:CurrentFinancialInstruments 2023-10-31 12963395 frs-core:ShareCapital 2023-10-31 12963395 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12963395
Divrse Media Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12963395
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,178 1,473
1,178 1,473
CURRENT ASSETS
Cash at bank and in hand 771 5,677
771 5,677
Creditors: Amounts Falling Due Within One Year 5 (726 ) (528 )
NET CURRENT ASSETS (LIABILITIES) 45 5,149
TOTAL ASSETS LESS CURRENT LIABILITIES 1,223 6,622
NET ASSETS 1,223 6,622
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 1,221 6,620
SHAREHOLDERS' FUNDS 1,223 6,622
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 OLASUBOMI ODANYE
Director
14/07/2025
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
Divrse Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12963395 . The registered office is 86-90 Paul Street, 3rd Floor, London, EC2A 4NE.
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 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:
Plant & Machinery 20% reducing balance
2.4. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts
2.5. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 2,728
As at 31 October 2024 2,728
Depreciation
As at 1 November 2023 1,255
Provided during the period 295
As at 31 October 2024 1,550
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 October 2024 1,178
As at 1 November 2023 1,473
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 726 528
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3