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 04171240 Mr Jonathan Ross Mrs Jane Ross Mr Jonathan Ross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04171240 2023-12-31 04171240 2024-12-31 04171240 2024-01-01 2024-12-31 04171240 frs-core:CurrentFinancialInstruments 2024-12-31 04171240 frs-core:ComputerEquipment 2024-12-31 04171240 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04171240 frs-core:ComputerEquipment 2023-12-31 04171240 frs-core:FurnitureFittings 2024-12-31 04171240 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04171240 frs-core:FurnitureFittings 2023-12-31 04171240 frs-core:ShareCapital 2024-12-31 04171240 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04171240 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04171240 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04171240 frs-bus:SmallEntities 2024-01-01 2024-12-31 04171240 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04171240 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04171240 frs-bus:Director1 2024-01-01 2024-12-31 04171240 frs-bus:Director2 2024-01-01 2024-12-31 04171240 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04171240 frs-core:CurrentFinancialInstruments 2 2024-12-31 04171240 frs-core:CurrentFinancialInstruments 4 2024-12-31 04171240 frs-countries:EnglandWales 2024-01-01 2024-12-31 04171240 2022-12-31 04171240 2023-12-31 04171240 2023-01-01 2023-12-31 04171240 frs-core:CurrentFinancialInstruments 2023-12-31 04171240 frs-core:ShareCapital 2023-12-31 04171240 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04171240 frs-core:CurrentFinancialInstruments 2 2023-12-31 04171240 frs-core:CurrentFinancialInstruments 3 2023-12-31 04171240 frs-core:CurrentFinancialInstruments 4 2023-12-31
Registered number: 04171240
Hot Sauce T.V. Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04171240
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,926 58,559
75,926 58,559
CURRENT ASSETS
Debtors 5 277,682 610,299
Cash at bank and in hand 816,906 625,266
1,094,588 1,235,565
Creditors: Amounts Falling Due Within One Year 6 (477,114 ) (915,219 )
NET CURRENT ASSETS (LIABILITIES) 617,474 320,346
TOTAL ASSETS LESS CURRENT LIABILITIES 693,400 378,905
NET ASSETS 693,400 378,905
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 693,398 378,903
SHAREHOLDERS' FUNDS 693,400 378,905
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 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 Jonathan Ross
Director
28/08/2025
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
Hot Sauce T.V. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04171240 . The registered office is 2 - 6 Rainsford Street, London, W2 1PY.
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 represents amounts receivable for television production work and is recognised on a straight line basis spread equally over the life of the production.
Distribution and Royalty income is recognised in the period to which it relates.
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:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 10)
9 10
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 62,936 28,565 91,501
Additions 12,164 12,385 24,549
As at 31 December 2024 75,100 40,950 116,050
Depreciation
As at 1 January 2024 7,503 25,439 32,942
Provided during the period 3,304 3,878 7,182
As at 31 December 2024 10,807 29,317 40,124
Net Book Value
As at 31 December 2024 64,293 11,633 75,926
As at 1 January 2024 55,433 3,126 58,559
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 121,436 525,559
Prepayments and accrued income 156,246 84,740
277,682 610,299
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,858 161,944
Corporation tax 99,043 73,703
Other taxes and social security 6,096 20,242
VAT 5,822 37,624
Credit card 1,920 -
Pension creditor 1,548 2,274
Other creditor - 23
Inter company loan 298,092 321,748
Accruals and deferred income 16,023 52,467
Directors' loan accounts 35,712 245,194
477,114 915,219
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3