Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12809600 Mr J I Wong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12809600 2023-08-31 12809600 2024-08-31 12809600 2023-09-01 2024-08-31 12809600 frs-core:CurrentFinancialInstruments 2024-08-31 12809600 frs-core:Non-currentFinancialInstruments 2024-08-31 12809600 frs-core:ComputerEquipment 2024-08-31 12809600 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12809600 frs-core:ComputerEquipment 2023-08-31 12809600 frs-core:FurnitureFittings 2024-08-31 12809600 frs-core:FurnitureFittings 2023-09-01 2024-08-31 12809600 frs-core:FurnitureFittings 2023-08-31 12809600 frs-core:ShareCapital 2024-08-31 12809600 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12809600 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12809600 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12809600 frs-bus:SmallEntities 2023-09-01 2024-08-31 12809600 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12809600 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12809600 frs-core:UnlistedNon-exchangeTraded 2024-08-31 12809600 frs-core:UnlistedNon-exchangeTraded 2023-08-31 12809600 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 12809600 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 12809600 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 12809600 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 12809600 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 12809600 frs-bus:Director1 2023-09-01 2024-08-31 12809600 frs-countries:EnglandWales 2023-09-01 2024-08-31 12809600 2022-08-31 12809600 2023-08-31 12809600 2022-09-01 2023-08-31 12809600 frs-core:CurrentFinancialInstruments 2023-08-31 12809600 frs-core:Non-currentFinancialInstruments 2023-08-31 12809600 frs-core:ShareCapital 2023-08-31 12809600 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12809600
Cryptographic Media Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12809600
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,150 4,754
Investments 6 30,169 39,238
33,319 43,992
CURRENT ASSETS
Debtors 7 18,810 46,200
Cash at bank and in hand 41,705 96,481
60,515 142,681
Creditors: Amounts Falling Due Within One Year 8 (60,414 ) (123,471 )
NET CURRENT ASSETS (LIABILITIES) 101 19,210
TOTAL ASSETS LESS CURRENT LIABILITIES 33,420 63,202
Creditors: Amounts Falling Due After More Than One Year 9 (272 ) (817 )
NET ASSETS 33,148 62,385
CAPITAL AND RESERVES
Called up share capital 100 100
Income Statement 33,048 62,285
SHAREHOLDERS' FUNDS 33,148 62,385
Page 1
Page 2
For the year ending 31 August 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 Income Statement.
On behalf of the board
Mr J I Wong
Director
30/08/2025
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
Cryptographic Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12809600 . The registered office is Office M-05, Millharbour Court, 6 Watergate Walk, London, E14 9XH.
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.
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:
Fixtures & Fittings 33.33% straight line
Computer Equipment 33.33% 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 statement of financial position 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
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Prior Period Adjustment
In the year ended 31 August 2022, the company omitted to record an investment in cryptocurrency of £42,443. The investment was funded by the director and should have been recognised as an investment asset with a corresponding increase in the director’s loan account.
The omission has been corrected by restating the comparative figures. The impact on reserves is as follows:
  • At 31 August 2022, retained earnings were understated by £696.
  • In the year ended 31 August 2023, retained earnings were overstated by £2,513.
In addition, a fiat currency balance of £34 held within the crypto account was not recognised in the year ended 31 August 2023 and has now been included.
The comparative and opening balances figures have been restated accordingly.
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Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 728 11,850 12,578
Additions - 2,311 2,311
As at 31 August 2024 728 14,161 14,889
Depreciation
As at 1 September 2023 513 7,311 7,824
Provided during the period 215 3,700 3,915
As at 31 August 2024 728 11,011 11,739
Net Book Value
As at 31 August 2024 - 3,150 3,150
As at 1 September 2023 215 4,539 4,754
6. Investments
Unlisted
£
Cost
As at 1 September 2023 39,238
Fair value adjustments (9,069 )
As at 31 August 2024 30,169
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 30,169
As at 1 September 2023 39,238
7. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 16,266 43,825
Other debtors 2,544 2,375
18,810 46,200
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 3,215 6,892
Bank loans and overdrafts 625 545
Other creditors 18,330 66,222
Taxation and social security 38,244 49,812
60,414 123,471
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 272 817
Page 5