Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC343318 Miss Morag Anderson Mrs Irene Krogh Miss Morag Anderson Morag Anderson and Irene Krough true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC343318 2022-10-31 SC343318 2023-10-31 SC343318 2022-11-01 2023-10-31 SC343318 frs-core:CurrentFinancialInstruments 2023-10-31 SC343318 frs-core:Non-currentFinancialInstruments 2023-10-31 SC343318 frs-core:ComputerEquipment 2023-10-31 SC343318 frs-core:ComputerEquipment 2022-11-01 2023-10-31 SC343318 frs-core:ComputerEquipment 2022-10-31 SC343318 frs-core:FurnitureFittings 2023-10-31 SC343318 frs-core:FurnitureFittings 2022-11-01 2023-10-31 SC343318 frs-core:FurnitureFittings 2022-10-31 SC343318 frs-core:NetGoodwill 2023-10-31 SC343318 frs-core:NetGoodwill 2022-11-01 2023-10-31 SC343318 frs-core:NetGoodwill 2022-10-31 SC343318 frs-core:ShareCapital 2023-10-31 SC343318 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC343318 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC343318 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC343318 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC343318 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC343318 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC343318 1 2022-11-01 2023-10-31 SC343318 frs-bus:Director1 2022-11-01 2023-10-31 SC343318 frs-bus:Director2 2022-11-01 2023-10-31 SC343318 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 SC343318 frs-countries:Scotland 2022-11-01 2023-10-31 SC343318 2021-10-31 SC343318 2022-10-31 SC343318 2021-11-01 2022-10-31 SC343318 frs-core:CurrentFinancialInstruments 2022-10-31 SC343318 frs-core:Non-currentFinancialInstruments 2022-10-31 SC343318 frs-core:ShareCapital 2022-10-31 SC343318 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC343318
Educational Travel Scotland Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC343318
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 384 453
384 453
CURRENT ASSETS
Debtors 6 14,937 13,144
Cash at bank and in hand 14,768 37,622
29,705 50,766
Creditors: Amounts Falling Due Within One Year 7 (44,237 ) (58,946 )
NET CURRENT ASSETS (LIABILITIES) (14,532 ) (8,180 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,148 ) (7,727 )
Creditors: Amounts Falling Due After More Than One Year 8 (19,167 ) (29,167 )
NET LIABILITIES (33,315 ) (36,894 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (33,415 ) (36,994 )
SHAREHOLDERS' FUNDS (33,315) (36,894)
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For the year ending 31 October 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 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
Miss Morag Anderson
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Educational Travel Scotland Limited is a private company, limited by shares, incorporated in Scotland, registered number SC343318 . The registered office is Rosslyn Associates, The Walled Garden, South Building, Bush Estate, Midlothian, EH26 0SD.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
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:
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 19,200
As at 31 October 2023 19,200
Amortisation
As at 1 November 2022 19,200
As at 31 October 2023 19,200
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 10,646 10,804 21,450
Additions - 238 238
As at 31 October 2023 10,646 11,042 21,688
Depreciation
As at 1 November 2022 10,646 10,351 20,997
Provided during the period - 307 307
As at 31 October 2023 10,646 10,658 21,304
Net Book Value
As at 31 October 2023 - 384 384
As at 1 November 2022 - 453 453
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,931 1,950
Other debtors 9,006 11,194
14,937 13,144
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 331 87
Bank loans and overdrafts 10,000 10,000
Other creditors 33,906 48,179
Taxation and social security - 680
44,237 58,946
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 19,167 29,167
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
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11. Ultimate Controlling Party
The company's ultimate controlling parties are Morag Anderson and Irene Krough by virtue of their ownership of 100% of the issued share capital in the company.
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