Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 06643296 Mr David Bettany iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06643296 2022-07-31 06643296 2023-07-31 06643296 2022-08-01 2023-07-31 06643296 frs-core:CurrentFinancialInstruments 2023-07-31 06643296 frs-core:FurnitureFittings 2022-08-01 2023-07-31 06643296 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06643296 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06643296 frs-core:ShareCapital 2023-07-31 06643296 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 06643296 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06643296 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 06643296 frs-bus:SmallEntities 2022-08-01 2023-07-31 06643296 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06643296 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 06643296 frs-bus:Director1 2022-08-01 2023-07-31 06643296 frs-core:CurrentFinancialInstruments 9 2023-07-31 06643296 frs-countries:EnglandWales 2022-08-01 2023-07-31 06643296 2021-07-31 06643296 2022-07-31 06643296 2021-08-01 2022-07-31 06643296 frs-core:CurrentFinancialInstruments 2022-07-31 06643296 frs-core:ShareCapital 2022-07-31 06643296 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 06643296 frs-core:CurrentFinancialInstruments 9 2022-07-31
Registered number: 06643296
ON TARGET LIFE SKILLS TRAINING LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06643296
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 3 66,130 -
Cash at bank and in hand 7,026 73,878
73,156 73,878
Creditors: Amounts Falling Due Within One Year 4 (1,933 ) (459 )
NET CURRENT ASSETS (LIABILITIES) 71,223 73,419
TOTAL ASSETS LESS CURRENT LIABILITIES 71,223 73,419
NET ASSETS 71,223 73,419
CAPITAL AND RESERVES
Called up share capital 5 5 5
Profit and Loss Account 71,218 73,414
SHAREHOLDERS' FUNDS 71,223 73,419
For the year ending 31 July 2023 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 David Bettany
Director
19th April 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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:
Freehold No depreciation
Leasehold 10% Straight line
Fixtures & Fittings 15% Reducing balance
1.3. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
3. Debtors
2023 2022
£ £
Due within one year
Director's loan account 66,130 -
66,130 -
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security 493 459
Accrued expenses 1,440 -
1,933 459
Page 2
Page 3
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5 5
Page 3