Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 16 October 2024 1 February 2023 31 January 2024 31 January 2024 09382406 G Gallie K Garvey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09382406 2023-01-31 09382406 2024-01-31 09382406 2023-02-01 2024-01-31 09382406 frs-core:CurrentFinancialInstruments 2024-01-31 09382406 frs-core:PlantMachinery 2024-01-31 09382406 frs-core:PlantMachinery 2023-02-01 2024-01-31 09382406 frs-core:PlantMachinery 2023-01-31 09382406 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09382406 frs-bus:CompanyLimitedByGuarantee 2023-02-01 2024-01-31 09382406 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09382406 frs-bus:SmallEntities 2023-02-01 2024-01-31 09382406 frs-bus:Audited 2023-02-01 2024-01-31 09382406 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09382406 frs-bus:Director1 2023-02-01 2024-01-31 09382406 frs-bus:Director2 2023-02-01 2024-01-31 09382406 frs-countries:EnglandWales 2023-02-01 2024-01-31 09382406 2022-01-31 09382406 2023-01-31 09382406 2022-02-01 2023-01-31 09382406 frs-core:CurrentFinancialInstruments 2023-01-31 09382406 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09382406
Project Everyone
Financial Statements
For The Year Ended 31 January 2024
Mutu Accountancy
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 09382406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,562
- 1,562
CURRENT ASSETS
Debtors 5 646,398 453,786
Cash at bank and in hand 1,722,956 1,235,789
2,369,354 1,689,575
Creditors: Amounts Falling Due Within One Year 6 (1,376,929 ) (876,292 )
NET CURRENT ASSETS (LIABILITIES) 992,425 813,283
TOTAL ASSETS LESS CURRENT LIABILITIES 992,425 814,845
PROVISIONS FOR LIABILITIES
Provisions For Charges (47,648 ) (47,648 )
NET ASSETS 944,777 767,197
Income and Expenditure Account 944,777 767,197
MEMBERS' FUNDS 944,777 767,197
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 and Expenditure Account.
On behalf of the board
G Gallie
Director
16/10/2024
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Project Everyone is a private company, limited by guarantee, incorporated in England & Wales, registered number 09382406 . The registered office is C/O Portobello Studios First Floor, 138 Portobello Road, London, W11 2DZ.
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. Going Concern Disclosure
The company meets its day to day working capital requirements through the utilisation of its own funds. The company's forecasts and projections indicate that it is reliant on securing further funding in order to continue as a going concern for the forseeable future. 
After reviewing the company's forecests and projections, the directors have a reasonable expctation that the company has adequate resources to continue in operationsal existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financials statements, but with the proviso that a material uncertainty exists over the company's future revenue streams. 
2.3. Turnover
Turnover comprises of donations and grants received in suport of the company's projects anf activities. Donations are recognised in the Statement of Income and Retained Earnings when income is probable and can be measured with sufficient rea;iability. 
Interest income 
Interest income is recognised in the Startement of Income and Retained Earnings using the effective interest method. 
Debtors 
Short term debtors are measured at the transaction price, less any impairment. 
Cash and cash equivalents
Cash is represented y cash in hand and deposits with financial institutions repaybale without penalty on notice of not more than 24 hours. 
Creditors
Short term creditors are measured at the transaction price, less any impairment. 
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:
Plant & Machinery 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account on a stright line basis over the term of the lease. 
Assets obtained under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The correspoding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability. The interest element of the rental obligations is charged to the Statement of Income and Retained Earnings over the period of the leave at a constant proportion of the outstanding balance of capital repayments.
2.6. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertiable preference and nonputtable ordinary shares which are measured at fair value, with charges recognised in the Statement of Income an Retained Earnings. Derivative financial intruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss. 
2.7. 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit, 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.
2.9. Pensions
The company operates a defined pension contribution scheme for its employees. A defined contribution pan is a pension plan under which the Company pays fixed contributons into a seperate entity. Once the contributions have been paid the Company has no further payment obligations. 
The contributions are recognised as an expense in the Statement of Income ad Retained Earnings when tey fall due. Amounts not paid are shown in the accruals as a liability in the Statement of Financial Position. The assets of the plan are held seperately from the Company in independently administered funds. 
2.10. Provisions for Liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlemtn by a trnasfer of economic benefit, and a reliable estimate can be mafde of the amount of the obligation. 
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obigation, taking into account relevent reisks and uncertainties. 
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position. 
2.11. Finance Costs
Finance Costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying aount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. 
3. Average Number of Employees
Auditor's renumeration amounted to £3,800 (2023: £3,800)
Average number of employees, including directors, during the year was: 34 (2023: 30)
34 30
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Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 2,082
Disposals (2,082 )
Depreciation
As at 1 February 2023 520
Disposals (520 )
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 1,562
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 534,573 169,234
Other debtors 111,825 284,552
646,398 453,786
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 98,413 59,404
Other creditors 1,165,648 723,801
Taxation and social security 112,868 93,087
1,376,929 876,292
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
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Page 5
9. Audit Information
The auditors report on the account of Project Everyone for the year ended 31 January 2024 was unqualified
The auditors emphasised the following matter without qualifying their report:
Material uncertainty related to going concern
We draw attention to Note 1 to the financial statements, which indicates that the company is reliant on funding which is, as yet, unsecured. As stated in Note 3, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. 
The auditor's report was signed by Stephen Wiltshire BSc FCA (Senior Statutory Auditor) for and on behalf of Frost Wiltshire LLP , Statutory Auditor
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