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 13247973 Mr Edward Ronaldson Edward Ronaldson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13247973 2024-03-31 13247973 2025-03-31 13247973 2024-04-01 2025-03-31 13247973 frs-core:CurrentFinancialInstruments 2025-03-31 13247973 frs-core:ShareCapital 2025-03-31 13247973 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13247973 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13247973 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13247973 frs-bus:SmallEntities 2024-04-01 2025-03-31 13247973 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13247973 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13247973 1 2024-04-01 2025-03-31 13247973 frs-bus:Director1 2024-04-01 2025-03-31 13247973 frs-countries:EnglandWales 2024-04-01 2025-03-31 13247973 2023-03-31 13247973 2024-03-31 13247973 2023-04-01 2024-03-31 13247973 frs-core:CurrentFinancialInstruments 2024-03-31 13247973 frs-core:ShareCapital 2024-03-31 13247973 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13247973
Associated Talent Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Finacta Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13247973
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,095,470 1,005,655
Cash at bank and in hand 461,952 308,918
2,557,422 1,314,573
Creditors: Amounts Falling Due Within One Year 5 (1,872,433 ) (926,581 )
NET CURRENT ASSETS (LIABILITIES) 684,989 387,992
TOTAL ASSETS LESS CURRENT LIABILITIES 684,989 387,992
NET ASSETS 684,989 387,992
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account 684,979 387,982
SHAREHOLDERS' FUNDS 684,989 387,992
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 Edward Ronaldson
Director
05/12/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Associated Talent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13247973 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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 commissions received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of services where the company acts as agent, where revenue is recognised in line with the revenue recognition policy under FRS102 Section 23.4. Turnover is reduced for estimated customer rebates and other similar allowances. Turnover from the rendering of services is recognised by reference to project completion date.
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 11)
10 11
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Page 3
4. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,526,604 602,415
Prepayments and accrued income 1,583 1,783
Other debtors 191,939 234,818
Net wages - 85
Amounts owed by group undertakings 325,344 116,554
2,045,470 955,655
Due after more than one year
Amounts owed by group undertakings 50,000 50,000
2,095,470 1,005,655
Trade and other receivables include amounts due on behalf of principals. These are interest free and repayable on demand.
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,464,705 551,971
Corporation tax 98,999 56,155
Other taxes and social security 1,276 1,806
VAT 31,201 14,588
Other creditors - 33
Accruals and deferred income 46,384 54,659
Director's loan account 827 827
Amounts owed to group undertakings 229,041 246,542
1,872,433 926,581
Trade and other payables include amounts due to principals. These are interest free and repayable on demand.
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
7. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Associated Talent Inc . Associated Talent Inc was incorporated in the United States of America. The ultimate controlling party is Edward Ronaldson who controls 100% of the shares of Associated Talent Inc .
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