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 13078319 Mr Stephen Ainsworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13078319 2022-12-31 13078319 2023-12-31 13078319 2023-01-01 2023-12-31 13078319 frs-core:CurrentFinancialInstruments 2023-12-31 13078319 frs-core:PlantMachinery 2023-12-31 13078319 frs-core:PlantMachinery 2023-01-01 2023-12-31 13078319 frs-core:PlantMachinery 2022-12-31 13078319 frs-core:ShareCapital 2023-12-31 13078319 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13078319 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13078319 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13078319 frs-bus:SmallEntities 2023-01-01 2023-12-31 13078319 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13078319 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13078319 frs-bus:Director1 2023-01-01 2023-12-31 13078319 frs-countries:EnglandWales 2023-01-01 2023-12-31 13078319 2021-12-31 13078319 2022-12-31 13078319 2022-01-01 2022-12-31 13078319 frs-core:CurrentFinancialInstruments 2022-12-31 13078319 frs-core:ShareCapital 2022-12-31 13078319 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13078319
Youvolution Learning Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Smarter Accounting
5 Den Road
Teignmouth
TQ14 8AR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13078319
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,446 6,893
3,446 6,893
CURRENT ASSETS
Debtors 5 - 27
Cash at bank and in hand 120 171
120 198
Creditors: Amounts Falling Due Within One Year 6 (30,818 ) (30,157 )
NET CURRENT ASSETS (LIABILITIES) (30,698 ) (29,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,252 ) (23,066 )
NET LIABILITIES (27,252 ) (23,066 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (27,253 ) (23,067 )
SHAREHOLDERS' FUNDS (27,252) (23,066)
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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 Stephen Ainsworth
Director
24 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Youvolution Learning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13078319 . The registered office is 5 Den Road, Teignmouth, Devon, TQ14 8AR.
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:
Plant & Machinery 25% Straight Line
2.4. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.5. 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. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 13,785
As at 31 December 2023 13,785
Depreciation
As at 1 January 2023 6,892
Provided during the period 3,447
As at 31 December 2023 10,339
...CONTINUED
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Net Book Value
As at 31 December 2023 3,446
As at 1 January 2023 6,893
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 27
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 8,664 12,150
Accruals and deferred income 1,338 1,275
Director's loan account 20,816 16,732
30,818 30,157
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
9. Related Party Transactions
At the year end, 31 December 2023, the company owed the director £20,814 (2022: £16,729) in respect of loans held with the company. These amounts are interest free and repayable on demand.
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