Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10275066 N L Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10275066 2023-07-31 10275066 2024-07-31 10275066 2023-08-01 2024-07-31 10275066 frs-core:CurrentFinancialInstruments 2024-07-31 10275066 frs-core:Non-currentFinancialInstruments 2024-07-31 10275066 frs-core:ComputerEquipment 2024-07-31 10275066 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10275066 frs-core:ComputerEquipment 2023-07-31 10275066 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 10275066 frs-core:OtherResidualIntangibleAssets 2024-07-31 10275066 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 10275066 frs-core:OtherResidualIntangibleAssets 2023-07-31 10275066 frs-core:ShareCapital 2024-07-31 10275066 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10275066 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10275066 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10275066 frs-bus:SmallEntities 2023-08-01 2024-07-31 10275066 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10275066 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10275066 frs-bus:Director1 2023-08-01 2024-07-31 10275066 frs-bus:Director1 2023-07-31 10275066 frs-bus:Director1 2024-07-31 10275066 frs-countries:EnglandWales 2023-08-01 2024-07-31 10275066 2022-07-31 10275066 2023-07-31 10275066 2022-08-01 2023-07-31 10275066 frs-core:CurrentFinancialInstruments 2023-07-31 10275066 frs-core:Non-currentFinancialInstruments 2023-07-31 10275066 frs-core:ShareCapital 2023-07-31 10275066 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10275066
The Flourishing Coach Ltd.
Unaudited Financial Statements
For The Year Ended 31 July 2024
LK & Associates Limited
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director N L Smith
Company Number 10275066
Registered Office Lyndhurst
12 Foley Road
Claygate
Esher
KT10 0ND
Accountants LK & Associates Limited
ICAEW Chartered Accountants
2a High Street
Thames Ditton
KT7 0RY
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Balance Sheet
Registered number: 10275066
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 738 1,023
Tangible Assets 5 529 888
1,267 1,911
CURRENT ASSETS
Debtors 6 11,428 15,774
Cash at bank and in hand 1,213 14,235
12,641 30,009
Creditors: Amounts Falling Due Within One Year 7 (11,900 ) (27,513 )
NET CURRENT ASSETS (LIABILITIES) 741 2,496
TOTAL ASSETS LESS CURRENT LIABILITIES 2,008 4,407
Creditors: Amounts Falling Due After More Than One Year 8 (2,000 ) (4,400 )
NET ASSETS 8 7
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 7 6
SHAREHOLDERS' FUNDS 8 7
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
N L Smith
Director
26/11/2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
The Flourishing Coach Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10275066 . The registered office is Lyndhurst, 12 Foley Road, Claygate, Esher, KT10 0ND.
The company name formerly knwon as Project XX Ltd.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is computer software. It is amortised to Income Statement over its estimated economic life of 4 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:
Computer Equipment 33% on Cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Intangible Assets
Other
£
Cost
As at 1 August 2023 1,142
As at 31 July 2024 1,142
Amortisation
As at 1 August 2023 119
Provided during the period 285
As at 31 July 2024 404
Net Book Value
As at 31 July 2024 738
As at 1 August 2023 1,023
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 1,472
Additions 183
As at 31 July 2024 1,655
Depreciation
As at 1 August 2023 584
Provided during the period 542
As at 31 July 2024 1,126
Net Book Value
As at 31 July 2024 529
As at 1 August 2023 888
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,160 14,691
Prepayments and accrued income 1,591 1,085
Corporation tax recoverable assets (2 ) (2 )
Director's loan account 7,679 -
11,428 15,774
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 303 364
Bank loans and overdrafts 2,400 2,400
Corporation tax 5,977 11,092
VAT 2,251 5,551
Accruals and deferred income 969 873
Director's loan account - 7,233
11,900 27,513
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,000 4,400
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mrs Nicola Smith (7,233 ) 29,469 (14,558 ) - 7,678
The above loan is unsecured, interest free and repayable on demand. It has been repaid fully after the year end.
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