Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10706083 Mr Gavin Peake-Jones Mrs Philippa Peake-Jones Mr Gavin Peake-Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10706083 2023-03-31 10706083 2024-03-31 10706083 2023-04-01 2024-03-31 10706083 frs-core:CurrentFinancialInstruments 2024-03-31 10706083 frs-core:FurnitureFittings 2024-03-31 10706083 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10706083 frs-core:FurnitureFittings 2023-03-31 10706083 frs-core:PlantMachinery 2024-03-31 10706083 frs-core:PlantMachinery 2023-04-01 2024-03-31 10706083 frs-core:PlantMachinery 2023-03-31 10706083 frs-core:OtherReservesSubtotal 2024-03-31 10706083 frs-core:ShareCapital 2024-03-31 10706083 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10706083 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10706083 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10706083 frs-bus:SmallEntities 2023-04-01 2024-03-31 10706083 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10706083 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10706083 frs-bus:Director1 2023-04-01 2024-03-31 10706083 frs-bus:Director2 2023-04-01 2024-03-31 10706083 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 10706083 frs-countries:EnglandWales 2023-04-01 2024-03-31 10706083 2022-03-31 10706083 2023-03-31 10706083 2022-04-01 2023-03-31 10706083 frs-core:CurrentFinancialInstruments 2023-03-31 10706083 frs-core:OtherReservesSubtotal 2023-03-31 10706083 frs-core:ShareCapital 2023-03-31 10706083 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10706083
OPEN MINDS STRATEGY AND COACHING LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10706083
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72 72
72 72
CURRENT ASSETS
Debtors 5 61,648 55,415
Cash at bank and in hand 15,145 22,318
76,793 77,733
Creditors: Amounts Falling Due Within One Year 6 (32,541 ) (26,147 )
NET CURRENT ASSETS (LIABILITIES) 44,252 51,586
TOTAL ASSETS LESS CURRENT LIABILITIES 44,324 51,658
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,437 )
NET ASSETS 44,324 49,221
CAPITAL AND RESERVES
Called up share capital 7 1 1
Other reserves 2,384 -
Profit and Loss Account 41,939 49,220
SHAREHOLDERS' FUNDS 44,324 49,221
Page 1
Page 2
For the year ending 31 March 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 Gavin Peake-Jones
Director
22/10/2024
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
OPEN MINDS STRATEGY AND COACHING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10706083 . The registered office is 456 Chester Road, Old Trafford, Manchester, M16 9HD.
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.
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.
Revenue recognition
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:
Plant & Machinery 33% Straight line
Fixtures & Fittings 10% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 - 145 145
As at 31 March 2024 - 145 145
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 1 72 73
As at 31 March 2024 1 72 73
Net Book Value
As at 31 March 2024 (1 ) 73 72
As at 1 April 2023 (1 ) 73 72
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,110 11,310
Other debtors 9,534 7,594
Directors' loan accounts 51,004 36,511
61,648 55,415
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 1
Corporation tax 23,252 19,563
VAT liability 7,850 3,683
Income in advance - 1,700
Accruals 1,440 1,200
32,541 26,147
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 47,143 28,000
Page 4