Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09676852 Mr Chin Tan Mrs Rachael Tan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09676852 2023-08-31 09676852 2024-08-31 09676852 2023-09-01 2024-08-31 09676852 frs-core:CurrentFinancialInstruments 2024-08-31 09676852 frs-core:Non-currentFinancialInstruments 2024-08-31 09676852 frs-core:BetweenOneFiveYears 2024-08-31 09676852 frs-core:ComputerEquipment 2024-08-31 09676852 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09676852 frs-core:ComputerEquipment 2023-08-31 09676852 frs-core:FurnitureFittings 2024-08-31 09676852 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09676852 frs-core:FurnitureFittings 2023-08-31 09676852 frs-core:WithinOneYear 2024-08-31 09676852 frs-core:ShareCapital 2024-08-31 09676852 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09676852 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09676852 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09676852 frs-bus:SmallEntities 2023-09-01 2024-08-31 09676852 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09676852 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09676852 frs-bus:Director1 2023-09-01 2024-08-31 09676852 frs-bus:Director2 2023-09-01 2024-08-31 09676852 frs-countries:EnglandWales 2023-09-01 2024-08-31 09676852 2022-08-31 09676852 2023-08-31 09676852 2022-09-01 2023-08-31 09676852 frs-core:CurrentFinancialInstruments 2023-08-31 09676852 frs-core:Non-currentFinancialInstruments 2023-08-31 09676852 frs-core:BetweenOneFiveYears 2023-08-31 09676852 frs-core:WithinOneYear 2023-08-31 09676852 frs-core:ShareCapital 2023-08-31 09676852 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09676852
1-2-1 Learning Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Balance Sheet
Registered number: 09676852
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,226 13,025
3,226 13,025
CURRENT ASSETS
Debtors 5 236,109 145,162
Cash at bank and in hand 35,849 211,741
271,958 356,903
Creditors: Amounts Falling Due Within One Year 6 (180,433 ) (204,440 )
NET CURRENT ASSETS (LIABILITIES) 91,525 152,463
TOTAL ASSETS LESS CURRENT LIABILITIES 94,751 165,488
Creditors: Amounts Falling Due After More Than One Year 7 (12,500 ) (22,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (807 ) (3,257 )
NET ASSETS 81,444 139,731
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 81,443 139,730
SHAREHOLDERS' FUNDS 81,444 139,731
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For the year ending 31 August 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
Mr Chin Tan
Director
22/10/2024
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
1-2-1 Learning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09676852 . The registered office is 149/151 Beacon Lane, Exeter, Devon, EX4 8LR.
The Company changed its name from 1-2-1 Mentors Limited on 18th September 2024.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements for the company are prepared under the historical cost convention and in accordance with the FRS 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. Turnover is reduced for estimated customer rebates, discounts, refunds and other similar allowances.

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:
Fixtures & Fittings Over 4 years on a straight line basis
Computer Equipment Over 4 years on a straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value after making due allowance for any amounts not recoverable. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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 profit and loss 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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2.6. 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 asset reflects 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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 year was: 46 (2023: 51)
46 51
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 17,428 39,194 56,622
As at 31 August 2024 17,428 39,194 56,622
Depreciation
As at 1 September 2023 17,428 26,169 43,597
Provided during the period - 9,799 9,799
As at 31 August 2024 17,428 35,968 53,396
Net Book Value
As at 31 August 2024 - 3,226 3,226
As at 1 September 2023 - 13,025 13,025
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 83,485 138,066
Prepayments and accrued income 2,624 7,096
Amounts owed by group undertakings 150,000 -
236,109 145,162
Amounts due from group undertakings represents a loan to the Company's parent undertaking and has been provided in connection with a share purchase agreement for the purchase of the Company's shares by Edgrow Group Limited.  Edgrow Group Limited, which is registered in England and Wales,  holds 100% of the entire share capial of the Company.
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 27,992 10,000
Corporation tax 36,354 26,788
Other taxes and social security 10,874 3,780
VAT 66,497 88,728
Net wages 23,267 33,211
Other creditors 14,848 4,487
Accruals and deferred income 601 1,877
Directors' loan accounts - 35,569
180,433 204,440
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,500 22,500
The bank loan is repayable in instalments and is wholly repayable within 5 years.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 20,672 22,011
Later than one year and not later than five years 25,461 11,000
46,133 33,011
The operating lease arrangements comprise total property lease commitments of £27,500 and total equipment lease committements of £18,633.
10. Pension Commitments
The company operates a defined contribution workplace pension scheme for all eligble employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,145 (2023 £1,458) were due to the fund. They are included in Creditors: Amounts falling due within one year.
11. Legal charge
The Company has provided security, via a fixed and floating charge over the assets of the Company, for a debt owed by its parent undertaking, Edgrow Group Limited.  This debt is in connection with a share purchase agreement.
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