Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12887783 Dr Peter Evans Ms Thi Huong Tra Nguyen Mr Robert Woods iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12887783 2023-09-30 12887783 2024-09-30 12887783 2023-10-01 2024-09-30 12887783 frs-core:CurrentFinancialInstruments 2024-09-30 12887783 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 12887783 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 12887783 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12887783 frs-core:SharePremium 2024-09-30 12887783 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12887783 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12887783 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12887783 frs-bus:SmallEntities 2023-10-01 2024-09-30 12887783 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12887783 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12887783 frs-bus:Director1 2023-10-01 2024-09-30 12887783 frs-bus:Director2 2023-10-01 2024-09-30 12887783 frs-bus:Director2 2023-09-30 12887783 frs-bus:Director2 2024-09-30 12887783 frs-bus:Director3 2023-10-01 2024-09-30 12887783 frs-countries:EnglandWales 2023-10-01 2024-09-30 12887783 2022-09-30 12887783 2023-09-30 12887783 2022-10-01 2023-09-30 12887783 frs-core:CurrentFinancialInstruments 2023-09-30 12887783 frs-core:SharePremium 2023-09-30 12887783 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12887783
Train Air Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12887783
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 80,754 26,410
80,754 26,410
CURRENT ASSETS
Debtors 5 7,939 2,997
Cash at bank and in hand 2,837 28,140
10,776 31,137
Creditors: Amounts Falling Due Within One Year 6 (43,200 ) -
NET CURRENT ASSETS (LIABILITIES) (32,424 ) 31,137
TOTAL ASSETS LESS CURRENT LIABILITIES 48,330 57,547
NET ASSETS 48,330 57,547
CAPITAL AND RESERVES
Share premium account 141,301 103,394
Profit and Loss Account (92,971 ) (45,847 )
SHAREHOLDERS' FUNDS 48,330 57,547
Page 1
Page 2
For the year ending 30 September 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
Dr Peter Evans
Director
21 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Train Air Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12887783 . The registered office is 69 Edgefield, West Allotment, Newcastle Upon Tyne, NE27 0BT.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised  on a straight line basis over their expected useful economic lives of 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Intangible Assets
Development Costs
£
Cost
As at 1 October 2023 29,344
Additions 63,643
As at 30 September 2024 92,987
Amortisation
As at 1 October 2023 2,934
Provided during the period 9,299
As at 30 September 2024 12,233
Net Book Value
As at 30 September 2024 80,754
As at 1 October 2023 26,410
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,800
VAT 5,771 197
Directors' loan accounts 2,168 -
7,939 2,997
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 2,656 -
Directors' loan accounts 40,544 -
43,200 -
7. Share Capital
2024 2023
£ £
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Ms Thi Huong Tra Nguyen - 2,168 - - 2,168
The above loan is unsecured, interest free and repayable on demand.
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