Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09237180 Dr Philippa Young Dr Robert Young iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09237180 2023-09-30 09237180 2024-09-30 09237180 2023-10-01 2024-09-30 09237180 frs-core:CurrentFinancialInstruments 2024-09-30 09237180 frs-core:Non-currentFinancialInstruments 2024-09-30 09237180 frs-core:ComputerEquipment 2024-09-30 09237180 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09237180 frs-core:ComputerEquipment 2023-09-30 09237180 frs-core:FurnitureFittings 2024-09-30 09237180 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09237180 frs-core:FurnitureFittings 2023-09-30 09237180 frs-core:NetGoodwill 2024-09-30 09237180 frs-core:NetGoodwill 2023-10-01 2024-09-30 09237180 frs-core:NetGoodwill 2023-09-30 09237180 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 09237180 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 09237180 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 09237180 frs-core:ShareCapital 2024-09-30 09237180 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09237180 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09237180 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09237180 frs-bus:SmallEntities 2023-10-01 2024-09-30 09237180 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09237180 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09237180 frs-bus:Director1 2023-10-01 2024-09-30 09237180 frs-bus:Director2 2023-10-01 2024-09-30 09237180 frs-bus:Director2 2023-09-30 09237180 frs-bus:Director2 2024-09-30 09237180 frs-countries:EnglandWales 2023-10-01 2024-09-30 09237180 2022-09-30 09237180 2023-09-30 09237180 2022-10-01 2023-09-30 09237180 frs-core:CurrentFinancialInstruments 2023-09-30 09237180 frs-core:Non-currentFinancialInstruments 2023-09-30 09237180 frs-core:ShareCapital 2023-09-30 09237180 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09237180
Rego Sport And Exercise Medicine Services Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
James Khan
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09237180
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 10,000
Tangible Assets 5 16,428 17,934
16,428 27,934
CURRENT ASSETS
Debtors 6 9,116 -
Cash at bank and in hand 10,772 43,501
19,888 43,501
Creditors: Amounts Falling Due Within One Year 7 (31,930 ) (57,083 )
NET CURRENT ASSETS (LIABILITIES) (12,042 ) (13,582 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,386 14,352
Creditors: Amounts Falling Due After More Than One Year 8 (4,350 ) (10,150 )
NET ASSETS 36 4,202
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 32 4,198
SHAREHOLDERS' FUNDS 36 4,202
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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 Philippa Young
Director
Dr Robert Young
Director
29/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rego Sport And Exercise Medicine Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09237180 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
Current 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 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: 3 (2023: 3)
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 100,000
As at 30 September 2024 100,000
Amortisation
As at 1 October 2023 90,000
Provided during the period 10,000
As at 30 September 2024 100,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 10,000
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 14,175 1,500 7,561 23,236
As at 30 September 2024 14,175 1,500 7,561 23,236
Depreciation
As at 1 October 2023 - 375 4,927 5,302
Provided during the period - 375 1,131 1,506
As at 30 September 2024 - 750 6,058 6,808
Net Book Value
As at 30 September 2024 14,175 750 1,503 16,428
As at 1 October 2023 14,175 1,125 2,634 17,934
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,934 -
Other debtors 2,182 -
9,116 -
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,800 5,800
Other creditors 572 26,330
Taxation and social security 25,558 24,953
31,930 57,083
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,350 10,150
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Directors Advances, Credits and Guarantees
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Dr Robert Young - 2,182 - - 2,182
The director owed £2,182 to the company as of 30th September 2024, which will be fully repaid by 30th June 2025.
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