Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13994773 Mr John Warhurst Mr John Warhurst true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13994773 2024-03-31 13994773 2025-03-31 13994773 2024-04-01 2025-03-31 13994773 frs-core:CurrentFinancialInstruments 2025-03-31 13994773 frs-core:ComputerEquipment 2025-03-31 13994773 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13994773 frs-core:ComputerEquipment 2024-03-31 13994773 frs-core:FurnitureFittings 2025-03-31 13994773 frs-core:FurnitureFittings 2024-04-01 2025-03-31 13994773 frs-core:FurnitureFittings 2024-03-31 13994773 frs-core:NetGoodwill 2025-03-31 13994773 frs-core:NetGoodwill 2024-04-01 2025-03-31 13994773 frs-core:NetGoodwill 2024-03-31 13994773 frs-core:ShareCapital 2025-03-31 13994773 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13994773 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13994773 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13994773 frs-bus:SmallEntities 2024-04-01 2025-03-31 13994773 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13994773 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13994773 1 2024-04-01 2025-03-31 13994773 frs-bus:Director1 2024-04-01 2025-03-31 13994773 frs-bus:Director1 2024-03-31 13994773 frs-bus:Director1 2025-03-31 13994773 frs-countries:EnglandWales 2024-04-01 2025-03-31 13994773 2023-03-31 13994773 2024-03-31 13994773 2023-04-01 2024-03-31 13994773 frs-core:CurrentFinancialInstruments 2024-03-31 13994773 frs-core:ShareCapital 2024-03-31 13994773 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13994773
New Venture Productions Ltd
Financial Statements
For The Year Ended 31 March 2025
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13994773
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,800 7,200
Tangible Assets 5 2,365 3,461
7,165 10,661
CURRENT ASSETS
Debtors 6 9,149 9,932
Cash at bank and in hand 36,944 24,026
46,093 33,958
Creditors: Amounts Falling Due Within One Year 7 (11,260 ) (7,384 )
NET CURRENT ASSETS (LIABILITIES) 34,833 26,574
TOTAL ASSETS LESS CURRENT LIABILITIES 41,998 37,235
NET ASSETS 41,998 37,235
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 41,997 37,234
SHAREHOLDERS' FUNDS 41,998 37,235
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Page 2
For the year ending 31 March 2025 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 John Warhurst
Director
02/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
New Venture Productions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13994773 . The registered office is 1, Queen's Park Road, Handbridge, Chester, Cheshire, CH4 7AD.
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.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 12,000
As at 31 March 2025 12,000
Amortisation
As at 1 April 2024 4,800
Provided during the period 2,400
As at 31 March 2025 7,200
Net Book Value
As at 31 March 2025 4,800
As at 1 April 2024 7,200
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 1,135 3,810 4,945
As at 31 March 2025 1,135 3,810 4,945
Depreciation
As at 1 April 2024 564 920 1,484
Provided during the period 143 953 1,096
As at 31 March 2025 707 1,873 2,580
Net Book Value
As at 31 March 2025 428 1,937 2,365
As at 1 April 2024 571 2,890 3,461
6. Debtors
2025 2024
£ £
Due within one year
Director's loan account 9,149 9,932
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 11,216 7,258
Other taxes and social security - 126
Accruals and deferred income 44 -
11,260 7,384
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr John Warhurst 9,932 - 783 - 9,149
The above loan is unsecured, interest free and repayable on demand.
10. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 37,000 18,700
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr John Warhurst by virtue of his ownership of 100% of the issued share capital in the company.
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