Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 29 June 2022 false 1 July 2023 30 June 2024 30 June 2024 14204186 Paul Satchwell Diane Satchwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14204186 2023-06-30 14204186 2024-06-30 14204186 2023-07-01 2024-06-30 14204186 frs-core:CurrentFinancialInstruments 2024-06-30 14204186 frs-core:ComputerEquipment 2024-06-30 14204186 frs-core:ComputerEquipment 2023-07-01 2024-06-30 14204186 frs-core:ComputerEquipment 2023-06-30 14204186 frs-core:FurnitureFittings 2024-06-30 14204186 frs-core:FurnitureFittings 2023-07-01 2024-06-30 14204186 frs-core:FurnitureFittings 2023-06-30 14204186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 14204186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14204186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 14204186 frs-core:ShareCapital 2024-06-30 14204186 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14204186 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14204186 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14204186 frs-bus:SmallEntities 2023-07-01 2024-06-30 14204186 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14204186 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14204186 frs-bus:Director1 2023-07-01 2024-06-30 14204186 frs-bus:Director1 2023-06-30 14204186 frs-bus:Director1 2024-06-30 14204186 frs-bus:Director2 2023-07-01 2024-06-30 14204186 frs-countries:EnglandWales 2023-07-01 2024-06-30 14204186 2022-06-28 14204186 2023-06-30 14204186 2022-06-29 2023-06-30 14204186 frs-core:CurrentFinancialInstruments 2023-06-30 14204186 frs-core:ShareCapital 2023-06-30 14204186 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14204186
Ace Health & Safety Training Associates Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Ace Health & Safety Training Associates Limited for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ace Health & Safety Training Associates Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Ace Health & Safety Training Associates Limited , as a body, in accordance with the terms of our engagement letter dated 08 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of Ace Health & Safety Training Associates Limited and state those matters that we have agreed to state to the directors of Ace Health & Safety Training Associates Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ace Health & Safety Training Associates Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Ace Health & Safety Training Associates Limited 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 Ace Health & Safety Training Associates Limited . You consider that Ace Health & Safety Training Associates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ace Health & Safety Training Associates Limited . 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
Cedar + Co.
29/10/2024
Cedar & Co.
Chartered Certified Accountants
The Greenhouse
106-108 Ashbourne Road
Derby
DE22 3AG
Page 1
Page 2
Balance Sheet
Registered number: 14204186
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,230 6,494
8,230 6,494
CURRENT ASSETS
Cash at bank and in hand 8,508 12,006
8,508 12,006
Creditors: Amounts Falling Due Within One Year 5 (13,376 ) (13,616 )
NET CURRENT ASSETS (LIABILITIES) (4,868 ) (1,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,362 4,884
NET ASSETS 3,362 4,884
CAPITAL AND RESERVES
Called up share capital 6 4 4
Profit and Loss Account 3,358 4,880
SHAREHOLDERS' FUNDS 3,362 4,884
Page 2
Page 3
For the year ending 30 June 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
Paul Satchwell
Director
29/10/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Ace Health & Safety Training Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14204186 . The registered office is 107a Oxford Street, Church Gresley, Swadlincote, DE11 9NB.
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.
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:
Freehold 0%
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
2.4. 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 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 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.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 4,399 1,610 855 6,864
Additions - - 2,858 2,858
As at 30 June 2024 4,399 1,610 3,713 9,722
Depreciation
As at 1 July 2023 - 242 128 370
Provided during the period - 273 849 1,122
As at 30 June 2024 - 515 977 1,492
Net Book Value
As at 30 June 2024 4,399 1,095 2,736 8,230
As at 1 July 2023 4,399 1,368 727 6,494
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,458 2,783
Accruals and deferred income 500 480
Directors' loan accounts 9,418 10,353
13,376 13,616
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
7. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Paul Satchwell 10,353 (29,133 ) 28,198 - 9,418
The above loan is unsecured, interest free and repayable on demand.
Page 5