Acorah Software Products - Accounts Production 16.8.310 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 08551124 Mr R G Hickton Mrs S L Hickton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08551124 2024-05-31 08551124 2025-05-31 08551124 2024-06-01 2025-05-31 08551124 frs-core:CurrentFinancialInstruments 2025-05-31 08551124 frs-core:Non-currentFinancialInstruments 2025-05-31 08551124 frs-core:FurnitureFittings 2025-05-31 08551124 frs-core:FurnitureFittings 2024-06-01 2025-05-31 08551124 frs-core:FurnitureFittings 2024-05-31 08551124 frs-core:PlantMachinery 2025-05-31 08551124 frs-core:PlantMachinery 2024-06-01 2025-05-31 08551124 frs-core:PlantMachinery 2024-05-31 08551124 frs-core:ShareCapital 2025-05-31 08551124 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 08551124 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 08551124 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 08551124 frs-bus:SmallEntities 2024-06-01 2025-05-31 08551124 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 08551124 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 08551124 frs-bus:Director1 2024-06-01 2025-05-31 08551124 frs-bus:Director1 2024-05-31 08551124 frs-bus:Director1 2025-05-31 08551124 frs-bus:Director2 2024-06-01 2025-05-31 08551124 frs-countries:EnglandWales 2024-06-01 2025-05-31 08551124 2023-05-31 08551124 2024-05-31 08551124 2023-06-01 2024-05-31 08551124 frs-core:CurrentFinancialInstruments 2024-05-31 08551124 frs-core:Non-currentFinancialInstruments 2024-05-31 08551124 frs-core:ShareCapital 2024-05-31 08551124 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 08551124
Studio 360 Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
A Wigglesworth & Company Ltd
Armstrong House
First Avenue
Doncaster
DN9 3GA
Studio 360 Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Studio 360 Limited
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 08551124

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 33,884 |  | 39,077
|  |  | 33,884 |  | 39,077
CURRENT ASSETS
Debtors | 5 | 194,446 |  | 213,877 |
Cash at bank and in hand |  | 254,984 |  | 176,798 |
|  | 449,430 |  | 390,675 |
Creditors: Amounts Falling Due Within One Year | 6 | (328,465 ) |  | (326,388 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 120,965 |  | 64,287
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 154,849 |  | 103,364
Creditors: Amounts Falling Due After More Than One Year | 7 |  | - |  | (10,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (8,471 ) |  | (9,769 )
NET ASSETS |  |  | 146,378 |  | 83,595
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | 146,278 |  | 83,495
SHAREHOLDERS' FUNDS |  |  | 146,378 |  | 83,595

Page 1
Page 2
Studio 360 Limited
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 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 Profit and Loss Account.
On behalf of the board

Mr R G Hickton Director
27/08/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Studio 360 Limited
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Studio 360 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08551124 . The registered office is UN9 Armstrong House, First Avenue, Finningley, Doncaster, South Yorkshire, DN9 3GA.
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.
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 | 15% on reducing balance
Fixtures & Fittings | 15% on reducing balance

2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
Page 3
Page 4
Studio 360 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 June 2024 | 9,526 | 88,777 | 98,303
Additions | - | 787 | 787
As at 31 May 2025 | 9,526 | 89,564 | 99,090
Depreciation
As at 1 June 2024 | 7,231 | 51,995 | 59,226
Provided during the period | 345 | 5,635 | 5,980
As at 31 May 2025 | 7,576 | 57,630 | 65,206
Net Book Value
As at 31 May 2025 | 1,950 | 31,934 | 33,884
As at 1 June 2024 | 2,295 | 36,782 | 39,077

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 62,243 |  | 79,037
Prepayments and accrued income | 336 |  | 373
Other taxes and social security | - |  | 1,189
Directors' loan accounts | 131,867 |  | 133,278
| 194,446 |  | 213,877

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 168,170 |  | 160,160
Bank loans and overdrafts | 10,000 |  | 10,000
Corporation tax | 66,892 |  | 36,288
VAT | 24,855 |  | 15,407
Other creditors | 58,548 |  | 104,533
| 328,465 |  | 326,388

Page 4
Page 5
Studio 360 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 10,000

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 June 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 May 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Richard Hickton | 133,278 | 132,589 | 134,000 | - | 131,867

The above loan is unsecured, interest free and repayable on demand.
Page 5