Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08820338 Mr Timothy Gomersall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08820338 2023-12-31 08820338 2024-12-31 08820338 2024-01-01 2024-12-31 08820338 frs-core:CurrentFinancialInstruments 2024-12-31 08820338 frs-core:MotorVehicles 2024-12-31 08820338 frs-core:MotorVehicles 2024-01-01 2024-12-31 08820338 frs-core:MotorVehicles 2023-12-31 08820338 frs-core:PlantMachinery 2024-12-31 08820338 frs-core:PlantMachinery 2024-01-01 2024-12-31 08820338 frs-core:PlantMachinery 2023-12-31 08820338 frs-core:ShareCapital 2024-12-31 08820338 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08820338 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08820338 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08820338 frs-bus:SmallEntities 2024-01-01 2024-12-31 08820338 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08820338 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08820338 frs-bus:Director1 2024-01-01 2024-12-31 08820338 1 2024-01-01 2024-12-31 08820338 frs-countries:EnglandWales 2024-01-01 2024-12-31 08820338 2022-12-31 08820338 2023-12-31 08820338 2023-01-01 2023-12-31 08820338 frs-core:CurrentFinancialInstruments 2023-12-31 08820338 frs-core:ShareCapital 2023-12-31 08820338 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08820338 1 2023-01-01 2023-12-31
Registered number: 08820338
GIG Creative Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08820338
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,725 64,824
60,725 64,824
CURRENT ASSETS
Debtors 5 453,209 396,569
Cash at bank and in hand 623,071 431,386
1,076,280 827,955
Creditors: Amounts Falling Due Within One Year 6 (282,358 ) (208,578 )
NET CURRENT ASSETS (LIABILITIES) 793,922 619,377
TOTAL ASSETS LESS CURRENT LIABILITIES 854,647 684,201
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,000 ) (15,000 )
NET ASSETS 848,647 669,201
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 848,547 669,101
SHAREHOLDERS' FUNDS 848,647 669,201
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Page 2
For the year ending 31 December 2024 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 Timothy Gomersall
Director
11 August 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
GIG Creative Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 08820338 . The registered office is Gig Creative Limited, Satila House, 109-111 Farringdon Road, London, England, EC1R 3BW.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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 and machinery 33.33% straight line and 25% straight line
Motor vehicles 20% reducing balance
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
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.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
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2.6. Taxation - continued
Deferred tax 
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 asset reflects 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 23 22
23 22
4. Tangible Assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
As at 1 January 2024 100,138 55,190 155,328
Additions 18,674 - 18,674
As at 31 December 2024 118,812 55,190 174,002
Depreciation
As at 1 January 2024 81,220 9,284 90,504
Provided during the period 13,592 9,181 22,773
As at 31 December 2024 94,812 18,465 113,277
Net Book Value
As at 31 December 2024 24,000 36,725 60,725
As at 1 January 2024 18,918 45,906 64,824
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 372,275 320,827
Other debtors 80,934 75,742
453,209 396,569
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,357 28,970
Other creditors 77,235 34,462
Taxation and social security 188,766 145,146
282,358 208,578
Page 5