Acorah Software Products - Accounts Production 16.0.110 false true true 31 October 2023 25 October 2022 false 1 November 2023 31 October 2024 31 October 2024 14440408 Mr L D Kennedy Mr L Steele Mr W Bowls iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14440408 2023-10-31 14440408 2024-10-31 14440408 2023-11-01 2024-10-31 14440408 frs-core:NetGoodwill 2024-10-31 14440408 frs-core:NetGoodwill 2023-11-01 2024-10-31 14440408 frs-core:NetGoodwill 2023-10-31 14440408 frs-core:ShareCapital 2024-10-31 14440408 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 14440408 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14440408 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 14440408 frs-bus:SmallEntities 2023-11-01 2024-10-31 14440408 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14440408 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 14440408 frs-bus:Director1 2023-11-01 2024-10-31 14440408 frs-bus:Director2 2023-11-01 2024-10-31 14440408 frs-bus:Director3 2023-11-01 2024-10-31 14440408 frs-countries:EnglandWales 2023-11-01 2024-10-31 14440408 2022-10-24 14440408 2023-10-31 14440408 2022-10-25 2023-10-31 14440408 frs-core:ShareCapital 2023-10-31 14440408 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 14440408
Youth Dreams Project Leicestershire Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14440408
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 38,400 43,200
38,400 43,200
Creditors: Amounts Falling Due Within One Year 5 (49,734 ) (48,878 )
NET CURRENT ASSETS (LIABILITIES) (49,734 ) (48,878 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,334 ) (5,678 )
NET LIABILITIES (11,334 ) (5,678 )
CAPITAL AND RESERVES
Called up share capital 6 3 3
Profit and Loss Account (11,337 ) (5,681 )
SHAREHOLDERS' FUNDS (11,334) (5,678)
For the year ending 31 October 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 L D Kennedy
Director
12 November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Youth Dreams Project Leicestershire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14440408 . The registered office is 38 Chatsfield, Peterborough , PE4 5DL.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative
impairment losses.
2.5. 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.
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Page 3
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method
2.7. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 48,000
As at 31 October 2024 48,000
Amortisation
As at 1 November 2023 4,800
Provided during the period 4,800
As at 31 October 2024 9,600
Net Book Value
As at 31 October 2024 38,400
As at 1 November 2023 43,200
Franchise cost is being written off in equal annual instalments over its estimated economic life of 10 years.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 49,734 48,878
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
7. Related Party Transactions
An amount of £3,292 (2023:£1,686) was owed to Youth Dreams Project Ltd, a company registered in the United Kingdom and under common control at the end of the period
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