Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06226687 Mr Christian Hopkins Ms Lisa Ramberg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06226687 2024-03-31 06226687 2025-03-31 06226687 2024-04-01 2025-03-31 06226687 frs-core:CurrentFinancialInstruments 2025-03-31 06226687 frs-core:Non-currentFinancialInstruments 2025-03-31 06226687 frs-core:ComputerEquipment 2025-03-31 06226687 frs-core:ComputerEquipment 2024-04-01 2025-03-31 06226687 frs-core:ComputerEquipment 2024-03-31 06226687 frs-core:FurnitureFittings 2025-03-31 06226687 frs-core:FurnitureFittings 2024-04-01 2025-03-31 06226687 frs-core:FurnitureFittings 2024-03-31 06226687 frs-core:PlantMachinery 2025-03-31 06226687 frs-core:PlantMachinery 2024-04-01 2025-03-31 06226687 frs-core:PlantMachinery 2024-03-31 06226687 frs-core:ShareCapital 2025-03-31 06226687 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06226687 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06226687 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06226687 frs-bus:SmallEntities 2024-04-01 2025-03-31 06226687 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06226687 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06226687 frs-bus:Director1 2024-04-01 2025-03-31 06226687 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 06226687 frs-countries:EnglandWales 2024-04-01 2025-03-31 06226687 2023-03-31 06226687 2024-03-31 06226687 2023-04-01 2024-03-31 06226687 frs-core:CurrentFinancialInstruments 2024-03-31 06226687 frs-core:Non-currentFinancialInstruments 2024-03-31 06226687 frs-core:ShareCapital 2024-03-31 06226687 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06226687
Picturesmith Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Thriveworks Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06226687
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,588 24,822
20,588 24,822
CURRENT ASSETS
Debtors 5 32,742 36,478
Cash at bank and in hand 830 15,976
33,572 52,454
Creditors: Amounts Falling Due Within One Year 6 (361,939 ) (211,734 )
NET CURRENT ASSETS (LIABILITIES) (328,367 ) (159,280 )
TOTAL ASSETS LESS CURRENT LIABILITIES (307,779 ) (134,458 )
Creditors: Amounts Falling Due After More Than One Year 7 (1,218 ) (8,523 )
NET LIABILITIES (308,997 ) (142,981 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (309,097 ) (143,081 )
SHAREHOLDERS' FUNDS (308,997) (142,981)
Page 1
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 Christian Hopkins
Director
30/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Picturesmith Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06226687 . The registered office is 4a Sheep Lane, London, E8 4QS.
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. 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 20% on reducing balance
Fixtures & Fittings 25% on straight line
Computer Equipment 25% on reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 101,883 11,495 60,294 173,672
Additions 1,228 142 258 1,628
As at 31 March 2025 103,111 11,637 60,552 175,300
Depreciation
As at 1 April 2024 85,734 10,197 52,919 148,850
Provided during the period 3,556 372 1,934 5,862
As at 31 March 2025 89,290 10,569 54,853 154,712
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 13,821 1,068 5,699 20,588
As at 1 April 2024 16,149 1,298 7,375 24,822
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 15,601 21,466
Other debtors 13,750 13,750
VAT 2,774 -
Other taxes and social security 617 1,262
32,742 36,478
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 101 11,695
Bank loans and overdrafts 7,305 7,305
Credit card 1,008 2,051
VAT - 3,252
Accruals and deferred income 675 18,941
Director's loan account 352,850 168,490
361,939 211,734
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,218 8,523
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4