Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC436855 Robert Clarkson Kacey Clarkson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC436855 2022-11-30 SC436855 2023-11-30 SC436855 2022-12-01 2023-11-30 SC436855 frs-core:CurrentFinancialInstruments 2023-11-30 SC436855 frs-core:Non-currentFinancialInstruments 2023-11-30 SC436855 frs-core:ComputerEquipment 2023-11-30 SC436855 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC436855 frs-core:ComputerEquipment 2022-11-30 SC436855 frs-core:FurnitureFittings 2023-11-30 SC436855 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC436855 frs-core:FurnitureFittings 2022-11-30 SC436855 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC436855 frs-core:PlantMachinery 2023-11-30 SC436855 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC436855 frs-core:PlantMachinery 2022-11-30 SC436855 frs-core:ShareCapital 2023-11-30 SC436855 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC436855 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC436855 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC436855 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC436855 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC436855 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC436855 frs-bus:Director1 2022-12-01 2023-11-30 SC436855 frs-bus:Director2 2022-12-01 2023-11-30 SC436855 frs-countries:Scotland 2022-12-01 2023-11-30 SC436855 2021-11-30 SC436855 2022-11-30 SC436855 2021-12-01 2022-11-30 SC436855 frs-core:CurrentFinancialInstruments 2022-11-30 SC436855 frs-core:Non-currentFinancialInstruments 2022-11-30 SC436855 frs-core:ShareCapital 2022-11-30 SC436855 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC436855
Reactive Training Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: SC436855
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,724 18,482
13,724 18,482
CURRENT ASSETS
Debtors 5 - 4,199
Cash at bank and in hand 6,713 1,610
6,713 5,809
Creditors: Amounts Falling Due Within One Year 6 (11,227 ) (9,441 )
NET CURRENT ASSETS (LIABILITIES) (4,514 ) (3,632 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,210 14,850
Creditors: Amounts Falling Due After More Than One Year 7 (6,942 ) (11,337 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (3,512 )
NET ASSETS 2,268 1
CAPITAL AND RESERVES
Called up share capital 9 6 6
Income Statement 2,262 (5 )
SHAREHOLDERS' FUNDS 2,268 1
Page 1
Page 2
For the year ending 30 November 2023 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 Income Statement.
On behalf of the board
Robert Clarkson
Director
10/05/2024
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
Reactive Training Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC436855 . The registered office is 14 Newton Place, Glasgow, G3 7PY.
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.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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: 2 (2022: 2)
2 2
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 47,369 7,989 14,426 69,784
As at 30 November 2023 47,369 7,989 14,426 69,784
Depreciation
As at 1 December 2022 31,951 6,636 12,715 51,302
Provided during the period 3,855 338 565 4,758
As at 30 November 2023 35,806 6,974 13,280 56,060
Net Book Value
As at 30 November 2023 11,563 1,015 1,146 13,724
As at 1 December 2022 15,418 1,353 1,711 18,482
5. Debtors
2023 2022
£ £
Due within one year
Other debtors - 4,199
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 3,389 3,900
Corporation tax 5,166 4,341
Accruals and deferred income 1,260 1,200
Directors' loan accounts 1,412 -
11,227 9,441
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,942 11,337
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 6 6
Page 4