Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 30 June 2024 30 June 2024 04623231 Mrs Johanne Leece Miss Amy Leece Mr Anthony Leece Mr Anthony Leece iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04623231 2023-03-31 04623231 2024-06-30 04623231 2023-04-01 2024-06-30 04623231 frs-core:CurrentFinancialInstruments 2024-06-30 04623231 frs-core:ComputerEquipment 2024-06-30 04623231 frs-core:ComputerEquipment 2023-04-01 2024-06-30 04623231 frs-core:ComputerEquipment 2023-03-31 04623231 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-06-30 04623231 frs-core:FurnitureFittings 2024-06-30 04623231 frs-core:FurnitureFittings 2023-04-01 2024-06-30 04623231 frs-core:FurnitureFittings 2023-03-31 04623231 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 04623231 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-06-30 04623231 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 04623231 frs-core:MotorVehicles 2024-06-30 04623231 frs-core:MotorVehicles 2023-04-01 2024-06-30 04623231 frs-core:MotorVehicles 2023-03-31 04623231 frs-core:OtherResidualIntangibleAssets 2024-06-30 04623231 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-06-30 04623231 frs-core:OtherResidualIntangibleAssets 2023-03-31 04623231 frs-core:ShareCapital 2024-06-30 04623231 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04623231 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 04623231 frs-bus:FilletedAccounts 2023-04-01 2024-06-30 04623231 frs-bus:SmallEntities 2023-04-01 2024-06-30 04623231 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-06-30 04623231 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 04623231 frs-bus:Director1 2023-04-01 2024-06-30 04623231 frs-bus:Director1 2023-03-31 04623231 frs-bus:Director1 2024-06-30 04623231 frs-bus:Director2 2023-04-01 2024-06-30 04623231 frs-bus:Director2 2023-03-31 04623231 frs-bus:Director2 2024-06-30 04623231 frs-bus:Director3 2023-04-01 2024-06-30 04623231 frs-bus:CompanySecretary1 2023-04-01 2024-06-30 04623231 frs-core:CurrentFinancialInstruments 1 2024-06-30 04623231 frs-core:CurrentFinancialInstruments 3 2024-06-30 04623231 frs-countries:EnglandWales 2023-04-01 2024-06-30 04623231 2022-03-31 04623231 2023-03-31 04623231 2022-04-01 2023-03-31 04623231 frs-core:CurrentFinancialInstruments 2023-03-31 04623231 frs-core:ShareCapital 2023-03-31 04623231 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04623231 frs-core:CurrentFinancialInstruments 1 2023-03-31 04623231 frs-core:CurrentFinancialInstruments 2 2023-03-31 04623231 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 04623231
Ski 4 Less Limited
Unaudited Financial Statements
For the Period 1 April 2023 to 30 June 2024
P A Rushton Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04623231
30 June 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,128 25,160
Tangible Assets 5 243,004 15,606
263,132 40,766
CURRENT ASSETS
Debtors 6 66,939 280,207
Cash at bank and in hand 251,772 440,253
318,711 720,460
Creditors: Amounts Falling Due Within One Year 7 (110,442 ) (198,971 )
NET CURRENT ASSETS (LIABILITIES) 208,269 521,489
TOTAL ASSETS LESS CURRENT LIABILITIES 471,401 562,255
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,055 ) (1,054 )
NET ASSETS 466,346 561,201
CAPITAL AND RESERVES
Called up share capital 8 30,001 30,001
Profit and Loss Account 436,345 531,200
SHAREHOLDERS' FUNDS 466,346 561,201
Page 1
Page 2
For the period 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 Profit and Loss Account.
On behalf of the board
Mrs Johanne Leece
Director
Mr Anthony Leece
Director
19/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ski 4 Less Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04623231 . The registered office is 48 Castle Street, Saffron Walden, Essex, CB10 1BJ.
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 rendering of services.
Rendering of services
Turnover from the sale of holidays is recognised by reference to the holiday departure date.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the company website where holidays may be purchased. It is amortised in the  profit and loss account at a rate of 20% per annum on the reducing balance basis.
2.4. 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:
Freehold 0%
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 33% Reducing Balance
Computer Equipment 25% Cost
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate obtained when foreign currency was most recently purchased. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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.
2.8. 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 period was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 61,425
As at 30 June 2024 61,425
Amortisation
As at 1 April 2023 36,265
Provided during the period 5,032
As at 30 June 2024 41,297
Net Book Value
As at 30 June 2024 20,128
As at 1 April 2023 25,160
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 - 51,050 6,428 12,452 69,930
Additions 230,428 - 1,706 1,007 233,141
Disposals - - (1,680 ) (6,565 ) (8,245 )
As at 30 June 2024 230,428 51,050 6,454 6,894 294,826
Depreciation
As at 1 April 2023 - 39,281 5,682 9,361 54,324
Provided during the period - 2,943 645 998 4,586
Disposals - - (1,597 ) (5,491 ) (7,088 )
As at 30 June 2024 - 42,224 4,730 4,868 51,822
...CONTINUED
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Page 5
Net Book Value
As at 30 June 2024 230,428 8,826 1,724 2,026 243,004
As at 1 April 2023 - 11,769 746 3,091 15,606
6. Debtors
30 June 2024 31 March 2023
£ £
Due within one year
Trade debtors - 108,056
Prepayments and accrued income 62,050 77,245
Other Debts 2,361 28,765
PAYE overpaid 971 971
ABTA Bond - 62,400
Corporation tax recoverable assets 1,047 -
VAT 510 1,399
Directors' loan accounts - 1,371
66,939 280,207
7. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 March 2023
£ £
Trade creditors 19,410 80,384
Corporation tax - 70,871
Net wages 2,000 -
Accrued Expenses 1,150 1,840
Accruals and deferred income 87,605 45,876
Directors' loan accounts 277 -
110,442 198,971
8. Share Capital
30 June 2024 31 March 2023
£ £
Allotted, Called up and fully paid 30,001 30,001
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Johanne Leece - 14,992 14,992 - -
Mr Anthony Leece 1,371 50,344 51,992 - (277 )
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
Page 5
Page 6
30 June 2024 31 March 2023
£ £
Mrs Johanne Leece 30,000 50,100
Mr Anthony Leece 30,000 50,100
10. Related Party Transactions
The company paid rent to Mr Leece for a property in France which is used as an office/living accommodation during the ski season. The rent paid was a market rent.
The company paid rent to Mr and Mrs Leece for a property in France which is used as an office/living accommodation during the ski season. The rent paid was a market rent.
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