Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04458404 M Beecham G Lay A Tarrant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04458404 2023-06-30 04458404 2024-06-30 04458404 2023-07-01 2024-06-30 04458404 frs-core:CurrentFinancialInstruments 2024-06-30 04458404 frs-core:ShareCapital 2024-06-30 04458404 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04458404 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04458404 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04458404 frs-bus:SmallEntities 2023-07-01 2024-06-30 04458404 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04458404 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04458404 frs-bus:Director1 2023-07-01 2024-06-30 04458404 frs-bus:Director2 2023-07-01 2024-06-30 04458404 frs-bus:Director3 2023-07-01 2024-06-30 04458404 frs-countries:EnglandWales 2023-07-01 2024-06-30 04458404 2022-06-30 04458404 2023-06-30 04458404 2022-07-01 2023-06-30 04458404 frs-core:CurrentFinancialInstruments 2023-06-30 04458404 frs-core:ShareCapital 2023-06-30 04458404 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04458404
Personal Overseas Development Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 04458404
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 63,514 19,433
Cash at bank and in hand 221,887 190,903
285,401 210,336
Creditors: Amounts Falling Due Within One Year 5 (205,089 ) (135,344 )
NET CURRENT ASSETS (LIABILITIES) 80,312 74,992
TOTAL ASSETS LESS CURRENT LIABILITIES 80,312 74,992
NET ASSETS 80,312 74,992
CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Income Statement 70,312 64,992
SHAREHOLDERS' FUNDS 80,312 74,992
Page 1
Page 2
For the year ending 30 June 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 Statement.
On behalf of the board
A Tarrant
Director
31 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Personal Overseas Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04458404 . The registered office is 5 Noverton Lane, Prestbury, Cheltenham, GL52 5BA.
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 represents revenue earned from the sale of overseas volunteering opportunities. Turnover excludes advance deposits received from clients for trips that have not started as at the balance sheet date.
2.3. 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 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.
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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 63,514 19,433
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 204,250 134,286
Taxation and social security 839 1,058
205,089 135,344
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 4