Acorah Software Products - Accounts Production 16.6.950 false true true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 09996201 Mr Rupert Rixon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09996201 2024-02-29 09996201 2025-02-28 09996201 2024-03-01 2025-02-28 09996201 frs-core:CurrentFinancialInstruments 2025-02-28 09996201 frs-core:Non-currentFinancialInstruments 2025-02-28 09996201 frs-core:ComputerEquipment 2025-02-28 09996201 frs-core:ComputerEquipment 2024-03-01 2025-02-28 09996201 frs-core:ComputerEquipment 2024-02-29 09996201 frs-core:PlantMachinery 2025-02-28 09996201 frs-core:PlantMachinery 2024-03-01 2025-02-28 09996201 frs-core:PlantMachinery 2024-02-29 09996201 frs-core:ShareCapital 2025-02-28 09996201 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 09996201 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09996201 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 09996201 frs-bus:SmallEntities 2024-03-01 2025-02-28 09996201 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09996201 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09996201 frs-bus:Director1 2024-03-01 2025-02-28 09996201 frs-core:CurrentFinancialInstruments 1 2025-02-28 09996201 frs-core:CurrentFinancialInstruments 2 2025-02-28 09996201 frs-core:CurrentFinancialInstruments 3 2025-02-28 09996201 frs-countries:EnglandWales 2024-03-01 2025-02-28 09996201 2023-02-28 09996201 2024-02-29 09996201 2023-03-01 2024-02-29 09996201 frs-core:CurrentFinancialInstruments 2024-02-29 09996201 frs-core:Non-currentFinancialInstruments 2024-02-29 09996201 frs-core:ShareCapital 2024-02-29 09996201 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09996201 frs-core:CurrentFinancialInstruments 1 2024-02-29 09996201 frs-core:CurrentFinancialInstruments 2 2024-02-29 09996201 frs-core:CurrentFinancialInstruments 3 2024-02-29
Registered number: 09996201
Clear Perspective Media (UK) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09996201
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,703 38,918
30,703 38,918
CURRENT ASSETS
Debtors 5 230,254 389,120
Cash at bank and in hand 108,438 64,370
338,692 453,490
Creditors: Amounts Falling Due Within One Year 6 (141,307 ) (311,664 )
NET CURRENT ASSETS (LIABILITIES) 197,385 141,826
TOTAL ASSETS LESS CURRENT LIABILITIES 228,088 180,744
Creditors: Amounts Falling Due After More Than One Year 7 (7,867 ) (18,177 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,675 ) (9,729 )
NET ASSETS 212,546 152,838
CAPITAL AND RESERVES
Called up share capital 8 220,609 220,609
Profit and Loss Account (8,063 ) (67,771 )
SHAREHOLDERS' FUNDS 212,546 152,838
Page 1
Page 2
For the year ending 28 February 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 Rupert Rixon
Director
13 November 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
Clear Perspective Media (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09996201 . The registered office is 15 Solebay St, Mile End, E1 4PN.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of
the revision and future periods where the revision affects both current and future periods.
2.4. 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.
2.5. 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 cost
Computer Equipment 20% on cost
2.6. 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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2024: 22)
20 22
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 71,554 32,350 103,904
Additions 2,678 2,010 4,688
As at 28 February 2025 74,232 34,360 108,592
Depreciation
As at 1 March 2024 47,377 17,609 64,986
Provided during the period 7,964 4,939 12,903
As at 28 February 2025 55,341 22,548 77,889
Net Book Value
As at 28 February 2025 18,891 11,812 30,703
As at 1 March 2024 24,177 14,741 38,918
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 118,022 332,571
Prepayments and accrued income - 5,457
Other debtors 5,000 5,000
Corporation tax recoverable assets 288 7,419
Director's loan account 2,184 18,495
Perspective Spaces Ltd - Intercompany 90,107 20,178
Perspective Spaces Dubai - Intercompany 14,653 -
230,254 389,120
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 27,349 172
Bank loans and overdrafts 1,808 3,013
Hire purchase loan. (1,706 ) 4,893
Corporation tax 203 -
PAYE 26,801 19,744
VAT 16,811 61,008
Net wages 1,896 726
Amex card 21,412 33,767
Pension control account 11,062 7,573
...CONTINUED
Page 4
Page 5
Income in advance 21,423 -
Bounce back loan current portion 10,798 10,798
Accruals 3,450 169,970
141,307 311,664
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bounce back loan 7,867 17,991
Hire purchase loan - 186
7,867 18,177
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 220,609 220,609
Page 5