Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 06210530 Mr Luke Hutchings Mr Sam Jethwa Mrs Carol Gough Mrs Susan Rowlands iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06210530 2023-02-28 06210530 2024-02-29 06210530 2023-03-01 2024-02-29 06210530 frs-core:CurrentFinancialInstruments 2024-02-29 06210530 frs-core:ComputerEquipment 2024-02-29 06210530 frs-core:ComputerEquipment 2023-03-01 2024-02-29 06210530 frs-core:ComputerEquipment 2023-02-28 06210530 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 06210530 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 06210530 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 06210530 frs-core:FurnitureFittings 2024-02-29 06210530 frs-core:FurnitureFittings 2023-03-01 2024-02-29 06210530 frs-core:FurnitureFittings 2023-02-28 06210530 frs-core:OtherResidualIntangibleAssets 2024-02-29 06210530 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 06210530 frs-core:OtherResidualIntangibleAssets 2023-02-28 06210530 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06210530 frs-bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 06210530 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 06210530 frs-bus:SmallEntities 2023-03-01 2024-02-29 06210530 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06210530 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06210530 frs-bus:Director1 2023-03-01 2024-02-29 06210530 frs-bus:Director2 2023-03-01 2024-02-29 06210530 frs-bus:Director3 2023-03-01 2024-02-29 06210530 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 06210530 frs-core:CurrentFinancialInstruments 2 2024-02-29 06210530 frs-countries:EnglandWales 2023-03-01 2024-02-29 06210530 2022-02-28 06210530 2023-02-28 06210530 2022-03-01 2023-02-28 06210530 frs-core:CurrentFinancialInstruments 2023-02-28 06210530 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 06210530 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 06210530
The British Academy Of Cosmetic Dentistry
Financial Statements
For The Year Ended 29 February 2024
Samera Ltd
Chartered Accountants
136 High Street
Esher
Surrey
KT10 9QJ
Financial Statements
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of The British Academy Of Cosmetic Dentistry for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The British Academy Of Cosmetic Dentistry for the year ended 29 February 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of The British Academy Of Cosmetic Dentistry , as a body, in accordance with the terms of our engagement letter dated 01st June 2023. Our work has been undertaken solely to prepare for your approval the accounts of The British Academy Of Cosmetic Dentistry and state those matters that we have agreed to state to the directors of The British Academy Of Cosmetic Dentistry , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The British Academy Of Cosmetic Dentistry and its directors, as a body, for our work or for this report.
It is your duty to ensure that The British Academy Of Cosmetic Dentistry has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The British Academy Of Cosmetic Dentistry . You consider that The British Academy Of Cosmetic Dentistry is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of The British Academy Of Cosmetic Dentistry . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Samera Ltd
22 October 2024
Samera Ltd
Chartered Accountants
136 High Street
Esher
Surrey
KT10 9QJ
Page 1
Page 2
Statement of Financial Position
Registered number: 06210530
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 33,021 33,035
Tangible Assets 4 7,884 6,916
40,905 39,951
CURRENT ASSETS
Debtors 5 46,384 90,528
Cash at bank and in hand 329,056 547,443
375,440 637,971
Creditors: Amounts Falling Due Within One Year 6 (29,902 ) (144,933 )
NET CURRENT ASSETS (LIABILITIES) 345,538 493,038
TOTAL ASSETS LESS CURRENT LIABILITIES 386,443 532,989
NET ASSETS 386,443 532,989
Income Statement 386,443 532,989
MEMBERS' FUNDS 386,443 532,989
Page 2
Page 3
For the year ending 29 February 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 Income Statement.
On behalf of the board
Mrs Carol Gough
Director
22 October 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents & licence costs and website development costs. It is amortised to income and expenditure account over its estimated economic life of 10 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 25% Straight Line Method
Computer Equipment 25% Straight Line Method
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
1.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
3. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 March 2023 25,764 95,059 120,823
Additions - 13,410 13,410
As at 29 February 2024 25,764 108,469 134,233
...CONTINUED
Page 4
Page 5
Amortisation
As at 1 March 2023 21,549 66,239 87,788
Provided during the period 2,577 10,847 13,424
As at 29 February 2024 24,126 77,086 101,212
Net Book Value
As at 29 February 2024 1,638 31,383 33,021
As at 1 March 2023 4,215 28,820 33,035
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 14,355 43,389 57,744
Additions 810 2,658 3,468
As at 29 February 2024 15,165 46,047 61,212
Depreciation
As at 1 March 2023 14,355 36,473 50,828
Provided during the period 138 2,362 2,500
As at 29 February 2024 14,493 38,835 53,328
Net Book Value
As at 29 February 2024 672 7,212 7,884
As at 1 March 2023 - 6,916 6,916
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,000 13,558
Prepayments and accrued income 41,815 64,123
VAT - 8,855
Other taxes and social security 1,569 3,992
46,384 90,528
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,062 119,239
VAT 1,481 -
Net wages 2,631 3,390
Other creditors 1,057 3,624
Pension Control Account 257 621
Accruals and deferred income 10,506 1,883
Directors' loan accounts 10,908 16,176
29,902 144,933
Page 5