Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 true No description of principal activity 1 August 2022 31 July 2023 31 July 2023 09097185 Mr Simon Smith Mrs Michelle Smith Mrs Tracey Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09097185 2022-07-31 09097185 2023-07-31 09097185 2022-08-01 2023-07-31 09097185 frs-core:CurrentFinancialInstruments 2023-07-31 09097185 frs-core:ComputerEquipment 2022-08-01 2023-07-31 09097185 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 09097185 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09097185 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 09097185 frs-core:PlantMachinery 2023-07-31 09097185 frs-core:PlantMachinery 2022-08-01 2023-07-31 09097185 frs-core:PlantMachinery 2022-07-31 09097185 frs-core:ShareCapital 2023-07-31 09097185 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09097185 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09097185 frs-bus:FullAccounts 2022-08-01 2023-07-31 09097185 frs-bus:SmallEntities 2022-08-01 2023-07-31 09097185 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09097185 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09097185 frs-bus:SmallCompaniesRegimeForDirectorsReport 2022-08-01 2023-07-31 09097185 frs-bus:Director1 2022-08-01 2023-07-31 09097185 frs-bus:Director2 2022-08-01 2023-07-31 09097185 frs-bus:Director3 2022-08-01 2023-07-31 09097185 frs-countries:EnglandWales 2022-08-01 2023-07-31 09097185 2021-07-31 09097185 2022-07-31 09097185 2021-08-01 2022-07-31 09097185 frs-core:CurrentFinancialInstruments 2022-07-31 09097185 frs-core:ShareCapital 2022-07-31 09097185 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09097185
Studio 7 Dance And Performing Arts School Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 July 2023
In For A Penny Accountancy Services
Contents
Page
Company Information 1
Directors' Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5—6
Page 1
Company Information
Directors Mr Simon Smith
Mrs Michelle Smith
Mrs Tracey Wilkinson
Company Number 09097185
Registered Office 26 Windmill Close
Waingroves
Ripley
Derbyshire
DE5 9TU
Accountants In For A Penny Accountancy Services
AAT Licenced
Mauds Court, Long Lane
Tendring
Clacton-On-Sea
Essex
CO16 0BG
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Directors' Report
The directors present their report and the financial statements for the year ended 31 July 2023.
Directors
The directors who held office during the year were as follows:
Mr Simon Smith
Mrs Michelle Smith
Mrs Tracey Wilkinson
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs Tracey Wilkinson
Director
29/07/2024
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Profit and Loss Account
2023 2022
Notes £ £
TURNOVER 91,662 91,990
Cost of sales (33,020 ) (41,098 )
GROSS PROFIT 58,642 50,892
Administrative expenses (66,746 ) (61,882 )
OPERATING LOSS (8,104 ) (10,990 )
Interest payable and similar charges - (360 )
LOSS FOR THE FINANCIAL YEAR (8,104 ) (11,350 )
The notes on pages 5 to 6 form part of these financial statements.
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Page 4
Balance Sheet
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,652 5,974
4,652 5,974
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 171 171
Cash at bank and in hand 546 319
2,217 1,990
Creditors: Amounts Falling Due Within One Year 7 (26,035 ) (19,026 )
NET CURRENT ASSETS (LIABILITIES) (23,818 ) (17,036 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,166 ) (11,062 )
NET LIABILITIES (19,166 ) (11,062 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account (19,169 ) (11,065 )
SHAREHOLDERS' FUNDS (19,166) (11,062)
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 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mrs Tracey Wilkinson
Director
29/07/2024
The notes on pages 5 to 6 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Studio 7 Dance And Performing Arts School Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09097185 . The registered office is 26 Windmill Close, Waingroves, Ripley, Derbyshire, DE5 9TU.
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 15% Straight Line
Computer Equipment 33.3% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: )
3 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2022 3,420 11,613 15,033
As at 31 July 2023 3,420 11,613 15,033
Depreciation
As at 1 August 2022 - 9,059 9,059
Provided during the period - 1,322 1,322
As at 31 July 2023 - 10,381 10,381
...CONTINUED
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Net Book Value
As at 31 July 2023 3,420 1,232 4,652
As at 1 August 2022 3,420 2,554 5,974
5. Stocks
2023 2022
£ £
Stock 1,500 1,500
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 171 171
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) -
Other creditors 12,534 18,464
Taxation and social security 13,502 562
26,035 19,026
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
Page 6