Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 30 September 2025 1 January 2024 31 December 2024 31 December 2024 05758396 Mr Leonard Chapman Mr Kevin Fraser Mr Charles Huenergardt Mrs Rebecca Kemble iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05758396 2023-12-31 05758396 2024-12-31 05758396 2024-01-01 2024-12-31 05758396 frs-core:CurrentFinancialInstruments 2024-12-31 05758396 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05758396 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 05758396 frs-core:FurnitureFittings 2024-12-31 05758396 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05758396 frs-core:FurnitureFittings 2023-12-31 05758396 frs-core:MotorVehicles 2024-12-31 05758396 frs-core:MotorVehicles 2024-01-01 2024-12-31 05758396 frs-core:MotorVehicles 2023-12-31 05758396 frs-core:OtherResidualIntangibleAssets 2024-12-31 05758396 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 05758396 frs-core:OtherResidualIntangibleAssets 2023-12-31 05758396 frs-core:PlantMachinery 2024-12-31 05758396 frs-core:PlantMachinery 2024-01-01 2024-12-31 05758396 frs-core:PlantMachinery 2023-12-31 05758396 frs-core:WithinOneYear 2024-12-31 05758396 frs-core:SharePremium 2024-12-31 05758396 frs-core:ShareCapital 2024-12-31 05758396 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05758396 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05758396 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05758396 frs-bus:SmallEntities 2024-01-01 2024-12-31 05758396 frs-bus:Audited 2024-01-01 2024-12-31 05758396 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05758396 frs-bus:Director1 2024-01-01 2024-12-31 05758396 frs-bus:Director2 2024-01-01 2024-12-31 05758396 frs-bus:Director3 2024-01-01 2024-12-31 05758396 frs-bus:Director4 2024-01-01 2024-12-31 05758396 frs-countries:EnglandWales 2024-01-01 2024-12-31 05758396 2022-12-31 05758396 2023-12-31 05758396 2023-01-01 2023-12-31 05758396 frs-core:CurrentFinancialInstruments 2023-12-31 05758396 frs-core:BetweenOneFiveYears 2023-12-31 05758396 frs-core:WithinOneYear 2023-12-31 05758396 frs-core:SharePremium 2023-12-31 05758396 frs-core:ShareCapital 2023-12-31 05758396 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05758396
Chapman Leonard Studio Equipment Limited
Financial Statements
For The Year Ended 31 December 2024
Roy Pinnock & Co LLP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 05758396
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 21,798 5
Tangible Assets 5 1,168,570 1,262,144
1,190,368 1,262,149
CURRENT ASSETS
Stocks 6 173,885 349,995
Debtors 7 636,361 714,224
Cash at bank and in hand 806,606 871,551
1,616,852 1,935,770
Creditors: Amounts Falling Due Within One Year 8 (524,403 ) (1,379,444 )
NET CURRENT ASSETS (LIABILITIES) 1,092,449 556,326
TOTAL ASSETS LESS CURRENT LIABILITIES 2,282,817 1,818,475
PROVISIONS FOR LIABILITIES
Deferred Taxation (292,143 ) (140,972 )
NET ASSETS 1,990,674 1,677,503
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium account 36,001 36,001
Profit and Loss Account 1,953,673 1,640,502
SHAREHOLDERS' FUNDS 1,990,674 1,677,503
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
Mrs Rebecca Kemble
Director
18/09/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Chapman Leonard Studio Equipment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05758396 . The registered office is Unit 2 North Orbital Commercial Park, Napsbury Lane, St Albans, Herts, AL1 1XB.
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.
The company recognises revenue when:
The amount of revenue can be reliably measured & it is probable that future economic benefit will flow to the entity.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software & lease renewal stamp duty. It is amortised to the profit and loss account over 25% reducing balance for the software & over the period of lease for the lease costs.
2.4. 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
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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
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.
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.
2.9. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 21)
20 21
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 5
Additions 22,990
As at 31 December 2024 22,995
Amortisation
As at 1 January 2024 -
Provided during the period 1,197
As at 31 December 2024 1,197
Net Book Value
As at 31 December 2024 21,798
As at 1 January 2024 5
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 1,941,199 170,010 44,784 2,155,993
Additions 181,599 - 11,489 193,088
Disposals (9,500 ) (16,995 ) - (26,495 )
As at 31 December 2024 2,113,298 153,015 56,273 2,322,586
Depreciation
As at 1 January 2024 811,864 72,082 9,903 893,849
Provided during the period 262,557 13,346 6,247 282,150
Disposals (8,900 ) (13,083 ) - (21,983 )
As at 31 December 2024 1,065,521 72,345 16,150 1,154,016
Net Book Value
As at 31 December 2024 1,047,777 80,670 40,123 1,168,570
As at 1 January 2024 1,129,335 97,928 34,881 1,262,144
During the year £113,500 was transfered to fixed assets from stock as the assets are now on hire to customer.
6. Stocks
2024 2023
£ £
Stock 173,885 349,995
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 386,051 476,328
Other debtors 250,310 237,896
636,361 714,224
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 71,705 44,152
Amounts owed to group undertakings - 740,122
Other creditors 223,186 438,510
Taxation and social security 229,512 156,660
524,403 1,379,444
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 87,049 208,919
Later than one year and not later than five years - 87,049
87,049 295,968
11. Related Party Transactions
Chapman/Leonard Studio Equipment inc is the parent company owning 100% of the shares.
During the year, the company leased equipment of £815,876  (2023 - £1,851,474) and made purchases on behalf of the parent company of £33,179 on normal commercial terms from the parent company.
At the balance sheet date, the amount due to the parent company was £nil (2023 £740,123).
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Audit Information
The auditor's report on the accounts of Chapman Leonard Studio Equipment Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Natalie Coleman FCCA (Senior Statutory Auditor) for and on behalf of Roy Pinnock & Co LLP , Statutory Auditor.
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