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Registered number: 06448962
20-20 Recordings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Shore Accounting Ltd
Innovation Centre, Highfield Drive
St Leonards on Sea
East Sussex
TN38 9UH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06448962
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,925 41,425
49,925 41,425
CURRENT ASSETS
Debtors 5 295,263 284,667
Cash at bank and in hand 90,298 153,726
385,561 438,393
Creditors: Amounts Falling Due Within One Year 6 (220,332 ) (212,401 )
NET CURRENT ASSETS (LIABILITIES) 165,229 225,992
TOTAL ASSETS LESS CURRENT LIABILITIES 215,154 267,417
NET ASSETS 215,154 267,417
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 215,054 267,317
SHAREHOLDERS' FUNDS 215,154 267,417
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For the year ending 31 March 2026 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 Adam Helal
Director
13/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
20-20 Recordings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06448962 . The registered office is Unit 6 Tileyard Road, London, N7 9AH.
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% reducing balance
Computer Equipment 20% reducing balance
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 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: 15 (2025: 15)
15 15
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 151,780 9,413 161,193
Additions 21,452 - 21,452
As at 31 March 2026 173,232 9,413 182,645
Depreciation
As at 1 April 2025 117,885 1,883 119,768
Provided during the period 11,070 1,882 12,952
As at 31 March 2026 128,955 3,765 132,720
Net Book Value
As at 31 March 2026 44,277 5,648 49,925
As at 1 April 2025 33,895 7,530 41,425
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 149,625 184,213
Prepayments and accrued income 2,261 2,823
Other debtors 6,953 4,785
Corporation tax recoverable assets 8,242 -
Other taxes and social security 16 -
Amounts owed by associates 128,166 92,846
295,263 284,667
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 20,253 8,528
Bank loans and overdrafts 1,069 8,989
Corporation tax - 33,203
VAT 61,826 44,745
Other creditors 1,911 29,415
Accruals and deferred income 135,196 87,188
Director's loan account 77 333
220,332 212,401
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7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
There were various transactions with associated companies during the year. These were conducted on an at arms length basis.
The company incurred £228,000 of costs from associated companies (2024: £198,500).
At the year end the company was owed £92,846 by associated companies (2024: £75,955). These loans are unsecured, interest free and repayable on demand.
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