Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10986369 Mr G Beestone Mr R Seary iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10986369 2024-03-31 10986369 2025-03-31 10986369 2024-04-01 2025-03-31 10986369 frs-core:CurrentFinancialInstruments 2025-03-31 10986369 frs-core:FurnitureFittings 2025-03-31 10986369 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10986369 frs-core:FurnitureFittings 2024-03-31 10986369 frs-core:MotorVehicles 2025-03-31 10986369 frs-core:MotorVehicles 2024-04-01 2025-03-31 10986369 frs-core:MotorVehicles 2024-03-31 10986369 frs-core:PlantMachinery 2025-03-31 10986369 frs-core:PlantMachinery 2024-04-01 2025-03-31 10986369 frs-core:PlantMachinery 2024-03-31 10986369 frs-core:ShareCapital 2025-03-31 10986369 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10986369 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10986369 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10986369 frs-bus:SmallEntities 2024-04-01 2025-03-31 10986369 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10986369 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10986369 frs-bus:Director1 2024-04-01 2025-03-31 10986369 frs-bus:Director2 2024-04-01 2025-03-31 10986369 1 2024-04-01 2025-03-31 10986369 2 2024-04-01 2025-03-31 10986369 frs-countries:EnglandWales 2024-04-01 2025-03-31 10986369 2023-03-31 10986369 2024-03-31 10986369 2023-04-01 2024-03-31 10986369 frs-core:CurrentFinancialInstruments 2024-03-31 10986369 frs-core:ShareCapital 2024-03-31 10986369 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10986369 1 2023-04-01 2024-03-31 10986369 2 2023-04-01 2024-03-31
Registered number: 10986369
GBA Studios Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10986369
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,594 13,564
64,594 13,564
CURRENT ASSETS
Stocks 5 334,167 248,093
Debtors 6 238,502 94,072
Cash at bank and in hand 152,573 295,965
725,242 638,130
Creditors: Amounts Falling Due Within One Year 7 (238,692 ) (242,732 )
NET CURRENT ASSETS (LIABILITIES) 486,550 395,398
TOTAL ASSETS LESS CURRENT LIABILITIES 551,144 408,962
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,149 ) (2,615 )
NET ASSETS 534,995 406,347
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 534,895 406,247
SHAREHOLDERS' FUNDS 534,995 406,347
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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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Mr G Beestone
Director
Mr R Seary
Director
05/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GBA Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10986369 . The registered office is Unit 6, The Tramsheds, Coomber Way, Croydon, CR0 4TQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 4 Years Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 10 Years Straight Line
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.6. 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 year 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 asset reflects 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Directors 2 2
Employees 3 3
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 5,037 - 47,440 52,477
Additions - 16,250 49,827 66,077
As at 31 March 2025 5,037 16,250 97,267 118,554
Depreciation
As at 1 April 2024 3,333 - 35,580 38,913
Provided during the period 1,257 4,063 9,727 15,047
As at 31 March 2025 4,590 4,063 45,307 53,960
Net Book Value
As at 31 March 2025 447 12,187 51,960 64,594
As at 1 April 2024 1,704 - 11,860 13,564
5. Stocks
2025 2024
£ £
Finished goods 334,167 248,093
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 100,277 16,842
Prepayments and accrued income 21,243 21,686
Other debtors 81,900 26,900
VAT 34,982 28,544
Called up share capital not paid 100 100
238,502 94,072
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 49,202 59,929
Corporation tax 28,214 16,027
Net wages - 2,356
Other creditors 4,394 6,261
Accruals and deferred income 155,022 158,159
Amounts owed to group undertakings 1,860 -
238,692 242,732
8. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
9. Related Party Transactions
From 1 January 2021 company was under the joint control of Gary Beestone and Richard Seary by virtue of their equal shareholding.
Gary Beestone and Richard Seary are persons with significant control of GBA Studios Limited.
Gary Beestone is a director and 100% Ordinary share holder of Gary Beestone Limited.
During the year £96,000 (2024 : £82,500) was paid to Gary Beestone Limited as management and consultancy fees.
During the year a loan of £1,860 was received from Gary Beestone Limited and this remained outstanding as at 31 March 2025.
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