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 07072744 P George the director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07072744 2022-12-31 07072744 2023-12-31 07072744 2023-01-01 2023-12-31 07072744 frs-core:CurrentFinancialInstruments 2023-12-31 07072744 frs-core:PlantMachinery 2023-12-31 07072744 frs-core:PlantMachinery 2023-01-01 2023-12-31 07072744 frs-core:PlantMachinery 2022-12-31 07072744 frs-core:ShareCapital 2023-12-31 07072744 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07072744 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07072744 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07072744 frs-bus:SmallEntities 2023-01-01 2023-12-31 07072744 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07072744 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07072744 1 2023-01-01 2023-12-31 07072744 frs-bus:Director1 2023-01-01 2023-12-31 07072744 frs-countries:EnglandWales 2023-01-01 2023-12-31 07072744 2021-12-31 07072744 2022-12-31 07072744 2022-01-01 2022-12-31 07072744 frs-core:CurrentFinancialInstruments 2022-12-31 07072744 frs-core:ShareCapital 2022-12-31 07072744 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07072744
Penny Waterman School of Dance Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07072744
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 655 693
655 693
CURRENT ASSETS
Stocks 5 1,009 1,003
Debtors 6 - 5,124
Cash at bank and in hand 17,153 11,615
18,162 17,742
Creditors: Amounts Falling Due Within One Year 7 (13,788 ) (17,763 )
NET CURRENT ASSETS (LIABILITIES) 4,374 (21 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,029 672
NET ASSETS 5,029 672
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 4,929 572
SHAREHOLDERS' FUNDS 5,029 672
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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 her 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
P George
Director
4 June 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
Penny Waterman School of Dance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07072744 . The registered office is 19 Beanacre, Hook Norton, Oxfordshire, OX15 5UA.
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. Turnover includes revenue earned from the rendering of dance school services. Turnover is recognised in the period the services are provided. Deferred income has been taken into consideration when fees are paid in advance of service being 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:
Plant & Machinery 25% reducing balance
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.
2.5. 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.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 6,761
Additions 180
As at 31 December 2023 6,941
Depreciation
As at 1 January 2023 6,068
Provided during the period 218
As at 31 December 2023 6,286
Net Book Value
As at 31 December 2023 655
As at 1 January 2023 693
5. Stocks
2023 2022
£ £
Finished goods 1,009 1,003
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 5,124
- 5,124
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 11,491 16,354
Taxation and social security 2,297 1,409
13,788 17,763
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
P GeorgeThe above is the director of the company.During the year, the director drew against her account and incurred expenses on behalf of the company. At the balance sheet date, she was owed £331 (2022: she owed £5,124) by the company. No interest has been charged on this loan during the period.

P George

The above is the director of the company.

During the year, the director drew against her account and incurred expenses on behalf of the company. At the balance sheet date, she was owed £331 (2022: she owed £5,124) by the company. No interest has been charged on this loan during the period.

10. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of her ownership of 100% of the issued share capital in the company.
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