Acorah Software Products - Accounts Production 15.0.400 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07535277 Ms Ruth Henderson Mrs Cheryl Brooker Mr Albert Moolenburgh Mr Marcus Preston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07535277 2023-02-28 07535277 2024-02-29 07535277 2023-03-01 2024-02-29 07535277 frs-core:CurrentFinancialInstruments 2024-02-29 07535277 frs-core:ComputerEquipment 2024-02-29 07535277 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07535277 frs-core:ComputerEquipment 2023-02-28 07535277 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 07535277 frs-core:OtherResidualIntangibleAssets 2024-02-29 07535277 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 07535277 frs-core:OtherResidualIntangibleAssets 2023-02-28 07535277 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07535277 frs-bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 07535277 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07535277 frs-bus:SmallEntities 2023-03-01 2024-02-29 07535277 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07535277 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07535277 frs-bus:Director1 2023-03-01 2024-02-29 07535277 frs-bus:Director2 2023-03-01 2024-02-29 07535277 frs-bus:Director3 2023-03-01 2024-02-29 07535277 frs-bus:Director4 2023-03-01 2024-02-29 07535277 frs-countries:EnglandWales 2023-03-01 2024-02-29 07535277 2022-02-28 07535277 2023-02-28 07535277 2022-03-01 2023-02-28 07535277 frs-core:CurrentFinancialInstruments 2023-02-28 07535277 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07535277
The Recess College
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07535277
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,214 7,638
7,214 7,638
CURRENT ASSETS
Debtors 6 (53,873 ) 8,364
Cash at bank and in hand 153,247 119,521
99,374 127,885
Creditors: Amounts Falling Due Within One Year 7 (81,789 ) (108,153 )
NET CURRENT ASSETS (LIABILITIES) 17,585 19,732
TOTAL ASSETS LESS CURRENT LIABILITIES 24,799 27,370
NET ASSETS 24,799 27,370
Income and Expenditure Account 24,799 27,370
MEMBERS' FUNDS 24,799 27,370
For the year ending 29 February 2024 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 and Expenditure Account.
On behalf of the board
Mrs Cheryl Brooker
Director
24/07/2024
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
The Recess College is a private company, limited by guarantee, incorporated in England & Wales, registered number 07535277 . The registered office is Flat 1 Macklin House, 1-7 Macklin Street, London, WC2B 5NH.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is the website build.  It is amortised to income and expenditure account over its estimated economic life of 3 years.
2.4. 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:
Computer Equipment 4 year straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 7,638
As at 29 February 2024 7,638
Amortisation
As at 1 March 2023 -
Provided during the period 424
As at 29 February 2024 424
Net Book Value
As at 29 February 2024 7,214
As at 1 March 2023 7,638
Page 2
Page 3
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 2,039
As at 29 February 2024 2,039
Depreciation
As at 1 March 2023 2,039
As at 29 February 2024 2,039
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,588 22,577
Prepayments and accrued income (68,461 ) (14,213 )
(53,873 ) 8,364
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,584 50,573
Other creditors 2,286 -
Directors' loan accounts 58,919 57,580
81,789 108,153
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3