Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09907190 Mr Paul Mandalia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09907190 2022-12-31 09907190 2023-12-31 09907190 2023-01-01 2023-12-31 09907190 frs-core:CurrentFinancialInstruments 2023-12-31 09907190 frs-core:Non-currentFinancialInstruments 2023-12-31 09907190 frs-core:ComputerEquipment 2023-12-31 09907190 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09907190 frs-core:ComputerEquipment 2022-12-31 09907190 frs-core:MotorVehicles 2023-12-31 09907190 frs-core:MotorVehicles 2023-01-01 2023-12-31 09907190 frs-core:MotorVehicles 2022-12-31 09907190 frs-core:ShareCapital 2023-12-31 09907190 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09907190 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09907190 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09907190 frs-bus:SmallEntities 2023-01-01 2023-12-31 09907190 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09907190 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09907190 frs-bus:Director1 2023-01-01 2023-12-31 09907190 frs-countries:EnglandWales 2023-01-01 2023-12-31 09907190 2021-12-31 09907190 2022-12-31 09907190 2022-01-01 2022-12-31 09907190 frs-core:CurrentFinancialInstruments 2022-12-31 09907190 frs-core:Non-currentFinancialInstruments 2022-12-31 09907190 frs-core:ShareCapital 2022-12-31 09907190 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09907190
Good 2 Learn Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
VSP Accountancy Services
ACA
188 Victoria Avenue
Hull
East Yorkshire
HU53DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09907190
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,209 660
32,209 660
CURRENT ASSETS
Debtors 5 211 -
Cash at bank and in hand 47,444 88,039
47,655 88,039
Creditors: Amounts Falling Due Within One Year 6 (65,543 ) (76,652 )
NET CURRENT ASSETS (LIABILITIES) (17,888 ) 11,387
TOTAL ASSETS LESS CURRENT LIABILITIES 14,321 12,047
Creditors: Amounts Falling Due After More Than One Year 7 (14,667 ) (19,067 )
NET LIABILITIES (346 ) (7,020 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (446 ) (7,120 )
SHAREHOLDERS' FUNDS (346) (7,020)
Page 1
Page 2
For the year ending 31 December 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 Paul Mandalia
Director
31/05/2024
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
Good 2 Learn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09907190 . The registered office is C4di @The Dock , 31-38 Queen Street, Hull, HU1 1UU.
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:
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 - 1,954 1,954
Additions 39,568 - 39,568
As at 31 December 2023 39,568 1,954 41,522
Depreciation
As at 1 January 2023 - 1,294 1,294
Provided during the period 7,854 165 8,019
As at 31 December 2023 7,854 1,459 9,313
Net Book Value
As at 31 December 2023 31,714 495 32,209
As at 1 January 2023 - 660 660
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
VAT 211 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT - 1,131
Other creditors - 746
Accruals and deferred income 19,350 39,350
Director's loan account 46,193 35,425
65,543 76,652
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,667 19,067
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4