Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11645737 Mr Nicholas Rogers Mrs Emma Rogers Nicholas Rogers Infiniti school, The street, Doddington, Kent, England true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11645737 2022-10-31 11645737 2023-10-31 11645737 2022-11-01 2023-10-31 11645737 frs-core:CurrentFinancialInstruments 2023-10-31 11645737 frs-core:Non-currentFinancialInstruments 2023-10-31 11645737 frs-core:ComputerEquipment 2023-10-31 11645737 frs-core:ComputerEquipment 2022-11-01 2023-10-31 11645737 frs-core:ComputerEquipment 2022-10-31 11645737 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 11645737 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 11645737 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 11645737 frs-core:MoreThanFiveYears 2023-10-31 11645737 frs-core:MotorVehicles 2023-10-31 11645737 frs-core:MotorVehicles 2022-11-01 2023-10-31 11645737 frs-core:MotorVehicles 2022-10-31 11645737 frs-core:PlantMachinery 2023-10-31 11645737 frs-core:PlantMachinery 2022-11-01 2023-10-31 11645737 frs-core:PlantMachinery 2022-10-31 11645737 frs-core:ShareCapital 2023-10-31 11645737 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11645737 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11645737 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11645737 frs-bus:SmallEntities 2022-11-01 2023-10-31 11645737 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11645737 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11645737 1 2022-11-01 2023-10-31 11645737 frs-bus:Director1 2022-11-01 2023-10-31 11645737 frs-bus:Director1 2022-10-31 11645737 frs-bus:Director1 2023-10-31 11645737 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 11645737 frs-countries:EnglandWales 2022-11-01 2023-10-31 11645737 2021-10-31 11645737 2022-10-31 11645737 2021-11-01 2022-10-31 11645737 frs-core:CurrentFinancialInstruments 2022-10-31 11645737 frs-core:Non-currentFinancialInstruments 2022-10-31 11645737 frs-core:MoreThanFiveYears 2022-10-31 11645737 frs-core:ShareCapital 2022-10-31 11645737 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 11645737
N R Education Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Daly Accounting
The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11645737
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 269,930 233,896
269,930 233,896
CURRENT ASSETS
Debtors 5 177,734 140,313
Cash at bank and in hand 782,690 515,660
960,424 655,973
Creditors: Amounts Falling Due Within One Year 6 (565,719 ) (460,176 )
NET CURRENT ASSETS (LIABILITIES) 394,705 195,797
TOTAL ASSETS LESS CURRENT LIABILITIES 664,635 429,693
Creditors: Amounts Falling Due After More Than One Year 7 (10,711 ) (17,176 )
NET ASSETS 653,924 412,517
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 653,923 412,516
SHAREHOLDERS' FUNDS 653,924 412,517
Page 1
Page 2
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 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 Nicholas Rogers
Director
10th January 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
N R Education Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11645737 . The registered office is Infiniti School,, The Street, Doddington, Kent, ME9 0BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Term fees are recognised in the period in which the service is provided.
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:
Leasehold - over the term of the lease
Plant & Machinery - Over 5 Years
Motor Vehicles - Over 5 Years
Computer Equipment - over 3 years
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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 Profit & loss account because of items of income or expense that are taxable or deductible in other years 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2022: 27)
29 27
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 127,681 67,660 49,500 43,528 288,369
Additions 41,818 11,580 30,000 12,258 95,656
As at 31 October 2023 169,499 79,240 79,500 55,786 384,025
Depreciation
As at 1 November 2022 12,004 8,368 12,950 21,151 54,473
Provided during the period 15,495 14,898 12,900 16,329 59,622
As at 31 October 2023 27,499 23,266 25,850 37,480 114,095
Net Book Value
As at 31 October 2023 142,000 55,974 53,650 18,306 269,930
As at 1 November 2022 115,677 59,292 36,550 22,377 233,896
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,899 44,792
Prepayments and accrued income 35,805 22,621
Other debtors 13,695 12,900
Director's loan account 11,335 -
Amounts owed by associated company 112,000 60,000
177,734 140,313
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 17,783 2,852
Bank loans and overdrafts 6,496 8,085
Corporation tax 88,160 66,905
Other taxes and social security 18,450 16,629
VAT 110,575 80,863
Other creditors 3,010 2,818
Accruals and deferred income 321,245 281,582
Director's loan account - 442
565,719 460,176
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 10,711 17,176
10,711 17,176
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Other Commitments
At 31 October 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Operating leases expiring
2023 2022
£ £
Later than five years 308,333 358,333
308,333 358,333
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Nicholas Rogers (442 ) 118,000 106,223 - 11,335
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Infiniti Education Limited, a company incorporated in the United Kingdom. The registered office address is Infiniti School, The Street, Doddington, Kent, England.
Nicholas Rogers is considered to be the ultimate controlling party.
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