Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05736981 Mr Ryan Wilkins Mr Edmund Wilkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05736981 2023-12-31 05736981 2024-12-31 05736981 2024-01-01 2024-12-31 05736981 frs-core:CurrentFinancialInstruments 2024-12-31 05736981 frs-core:Non-currentFinancialInstruments 2024-12-31 05736981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 05736981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05736981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 05736981 frs-core:PlantMachinery 2024-12-31 05736981 frs-core:PlantMachinery 2024-01-01 2024-12-31 05736981 frs-core:PlantMachinery 2023-12-31 05736981 frs-core:ShareCapital 2024-12-31 05736981 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05736981 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05736981 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05736981 frs-bus:SmallEntities 2024-01-01 2024-12-31 05736981 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05736981 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05736981 frs-bus:Director1 2024-01-01 2024-12-31 05736981 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05736981 1 2024-01-01 2024-12-31 05736981 frs-countries:EnglandWales 2024-01-01 2024-12-31 05736981 2022-12-31 05736981 2023-12-31 05736981 2023-01-01 2023-12-31 05736981 frs-core:CurrentFinancialInstruments 2023-12-31 05736981 frs-core:Non-currentFinancialInstruments 2023-12-31 05736981 frs-core:ShareCapital 2023-12-31 05736981 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05736981 1 2023-01-01 2023-12-31
Registered number: 05736981
RAWaudio Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Wow Company UK Ltd
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05736981
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,858 44,626
28,858 44,626
CURRENT ASSETS
Debtors 5 357,158 362,859
Cash at bank and in hand 256,742 164,103
613,900 526,962
Creditors: Amounts Falling Due Within One Year 6 (336,545 ) (239,445 )
NET CURRENT ASSETS (LIABILITIES) 277,355 287,517
TOTAL ASSETS LESS CURRENT LIABILITIES 306,213 332,143
Creditors: Amounts Falling Due After More Than One Year 7 (68,971 ) (95,276 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,396 ) (4,396 )
NET ASSETS 235,846 232,471
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 235,746 232,371
SHAREHOLDERS' FUNDS 235,846 232,471
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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 Ryan Wilkins
Director
29 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
RAWaudio Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 05736981 . The registered office is 45 Albemarle Street, 3rd Floor, London, England, W1S 4JL.
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 recogonised 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:
Leasehold Improvements 25% straight line and 15% straight line
Plant and machinery 25% straight line and 15% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.6. 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.
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2.7. 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.
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.
2.8. 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.
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3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 17 18
17 18
4. Tangible Assets
Land & Property
Leasehold Improvements Plant and machinery Total
£ £ £
Cost
As at 1 January 2024 72,946 170,165 243,111
Additions - 1,274 1,274
As at 31 December 2024 72,946 171,439 244,385
Depreciation
As at 1 January 2024 42,283 156,202 198,485
Provided during the period 8,927 8,115 17,042
As at 31 December 2024 51,210 164,317 215,527
Net Book Value
As at 31 December 2024 21,736 7,122 28,858
As at 1 January 2024 30,663 13,963 44,626
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 145,671 159,340
Amounts owed by group undertakings 195,863 195,863
Other debtors 15,624 7,656
357,158 362,859
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 146,834 75,676
Bank loans and overdrafts 30,601 28,657
Other creditors 12,367 22,134
Taxation and social security 146,743 112,978
336,545 239,445
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 68,971 95,276
8. Related Party Transactions
The amount due from the related party at the year end was £195,863 (2023 : £195,863)
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