Acorah Software Products - Accounts Production 16.4.660 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 13507136 Mr Steven Timmins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13507136 2024-07-31 13507136 2025-07-31 13507136 2024-08-01 2025-07-31 13507136 frs-core:CurrentFinancialInstruments 2025-07-31 13507136 frs-core:FurnitureFittings 2025-07-31 13507136 frs-core:FurnitureFittings 2024-08-01 2025-07-31 13507136 frs-core:FurnitureFittings 2024-07-31 13507136 frs-core:PlantMachinery 2025-07-31 13507136 frs-core:PlantMachinery 2024-08-01 2025-07-31 13507136 frs-core:PlantMachinery 2024-07-31 13507136 frs-core:ShareCapital 2025-07-31 13507136 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 13507136 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 13507136 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 13507136 frs-bus:SmallEntities 2024-08-01 2025-07-31 13507136 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 13507136 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 13507136 frs-bus:Director1 2024-08-01 2025-07-31 13507136 frs-countries:NorthernIreland 2024-08-01 2025-07-31 13507136 2023-07-31 13507136 2024-07-31 13507136 2023-08-01 2024-07-31 13507136 frs-core:CurrentFinancialInstruments 2024-07-31 13507136 frs-core:ShareCapital 2024-07-31 13507136 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 13507136
M8 Studios Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
SUMX Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13507136
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,977 10,513
3,977 10,513
CURRENT ASSETS
Cash at bank and in hand - 2,849
- 2,849
Creditors: Amounts Falling Due Within One Year 5 (25,190 ) (30,364 )
NET CURRENT ASSETS (LIABILITIES) (25,190 ) (27,515 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,213 ) (17,002 )
NET LIABILITIES (21,213 ) (17,002 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (21,215 ) (17,004 )
SHAREHOLDERS' FUNDS (21,213) (17,002)
For the year ending 31 July 2025 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 Steven Timmins
Director
18/07/2025
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
M8 Studios Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number 13507136 . The registered office is M8 Studio, , Commercial Unit 1 Norfolk Street,, Liverpool,, Merseyside,, L1 0BE.
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
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2024 8,897 24,000 32,897
Additions 790 - 790
As at 31 July 2025 9,687 24,000 33,687
Depreciation
As at 1 August 2024 4,384 18,000 22,384
Provided during the period 1,326 6,000 7,326
As at 31 July 2025 5,710 24,000 29,710
Net Book Value
As at 31 July 2025 3,977 - 3,977
As at 1 August 2024 4,513 6,000 10,513
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 4,500
Accruals and deferred income - 630
Director's loan account 25,190 25,234
25,190 30,364
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 3