Acorah Software Products - Accounts Production 16.4.675 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13536282 Mr Erik Londre Mr Lachlan Gowrie-Smith Mr Anthony Barnes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13536282 2023-07-31 13536282 2024-07-31 13536282 2023-08-01 2024-07-31 13536282 frs-core:CurrentFinancialInstruments 2024-07-31 13536282 frs-core:ComputerEquipment 2024-07-31 13536282 frs-core:ComputerEquipment 2023-08-01 2024-07-31 13536282 frs-core:ComputerEquipment 2023-07-31 13536282 frs-core:SharePremium 2024-07-31 13536282 frs-core:ShareCapital 2024-07-31 13536282 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13536282 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13536282 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13536282 frs-bus:SmallEntities 2023-08-01 2024-07-31 13536282 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13536282 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13536282 frs-bus:Director1 2023-08-01 2024-07-31 13536282 frs-bus:Director1 2023-07-31 13536282 frs-bus:Director1 2024-07-31 13536282 frs-bus:Director2 2023-08-01 2024-07-31 13536282 frs-bus:Director3 2023-08-01 2024-07-31 13536282 frs-bus:Director3 2023-07-31 13536282 frs-bus:Director3 2024-07-31 13536282 frs-countries:EnglandWales 2023-08-01 2024-07-31 13536282 2022-07-31 13536282 2023-07-31 13536282 2022-08-01 2023-07-31 13536282 frs-core:CurrentFinancialInstruments 2023-07-31 13536282 frs-core:SharePremium 2023-07-31 13536282 frs-core:ShareCapital 2023-07-31 13536282 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13536282
Karta Creative Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13536282
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,535 4,145
13,535 4,145
CURRENT ASSETS
Debtors 5 217,898 35,637
Cash at bank and in hand 199,449 489,704
417,347 525,341
Creditors: Amounts Falling Due Within One Year 6 (112,371 ) (61,199 )
NET CURRENT ASSETS (LIABILITIES) 304,976 464,142
TOTAL ASSETS LESS CURRENT LIABILITIES 318,511 468,287
NET ASSETS 318,511 468,287
CAPITAL AND RESERVES
Called up share capital 7 1,240 1,240
Share premium account 911,148 911,148
Profit and Loss Account (593,877 ) (444,101 )
SHAREHOLDERS' FUNDS 318,511 468,287
Page 1
Page 2
For the year ending 31 July 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 Erik Londre
Director
29 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Karta Creative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13536282 . The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF.
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 recognised at the fair value of the consideration received or receivable for products provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of video game licences is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch or download) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured 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:
Computer Equipment 33% straight line
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
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.
The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company.
A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 8)
35 8
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 4,745
Additions 11,601
As at 31 July 2024 16,346
Depreciation
As at 1 August 2023 600
Provided during the period 2,211
As at 31 July 2024 2,811
Net Book Value
As at 31 July 2024 13,535
As at 1 August 2023 4,145
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 207,972 7,594
Other debtors 9,926 28,043
217,898 35,637
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,107 59,346
Other creditors 8,324 1,853
Taxation and social security 47,940 -
112,371 61,199
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,240 1,240
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Erik Londre 2,299 1,393 - - 3,692
Mr Anthony Barnes - 325 - - 325
The above loan is unsecured, interest free and repayable on demand.
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