Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 06827226 Dr J L Schofield Mrs B Schofield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06827226 2023-02-28 06827226 2024-02-28 06827226 2023-03-01 2024-02-28 06827226 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 06827226 frs-core:PlantMachinery 2023-03-01 2024-02-28 06827226 frs-core:ShareCapital 2024-02-28 06827226 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 06827226 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 06827226 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 06827226 frs-bus:SmallEntities 2023-03-01 2024-02-28 06827226 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 06827226 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 06827226 frs-bus:Director1 2023-03-01 2024-02-28 06827226 frs-bus:Director1 2023-02-28 06827226 frs-bus:Director1 2024-02-28 06827226 frs-bus:Director2 2023-03-01 2024-02-28 06827226 frs-countries:EnglandWales 2023-03-01 2024-02-28 06827226 2022-02-28 06827226 2023-02-28 06827226 2022-03-01 2023-02-28 06827226 frs-core:ShareCapital 2023-02-28 06827226 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 06827226
Jonathon Schofield Post Graduate Training Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Hive Accountancy Ltd
The Innovation Centre
Treliske
Truro
Cornwall
TR1 3FF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06827226
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 293,264 289,170
293,264 289,170
CURRENT ASSETS
Debtors 1,558,993 1,564,856
Cash at bank and in hand 217,415 125,322
1,776,408 1,690,178
Creditors: Amounts Falling Due Within One Year (388,870 ) (386,724 )
NET CURRENT ASSETS (LIABILITIES) 1,387,538 1,303,454
TOTAL ASSETS LESS CURRENT LIABILITIES 1,680,802 1,592,624
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,366 ) (437 )
NET ASSETS 1,679,436 1,592,187
CAPITAL AND RESERVES
Called up share capital 5 10 10
Profit and Loss Account 1,679,426 1,592,177
SHAREHOLDERS' FUNDS 1,679,436 1,592,187
Page 1
Page 2
For the year ending 28 February 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Dr J L Schofield
Director
29 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Jonathon Schofield Post Graduate Training Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06827226 . The registered office is Dean Hill Manor, Kelston Road, Bath, BA1 9AB.
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 Not depreciated
Plant & Machinery 3 year straight line
2.4. Financial Instruments
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. 
Debt instruments that are payable and receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond the normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for the objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured at the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Cash and cash equivalents are shown net of bank overdrafts that are repayable on demand.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 290,319
Additions 7,864
As at 28 February 2024 298,183
Depreciation
As at 1 March 2023 1,149
Provided during the period 3,770
As at 28 February 2024 4,919
Net Book Value
As at 28 February 2024 293,264
As at 1 March 2023 289,170
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Dr Jonathon Schofield 1,226,305 239,345 244,731 - 1,220,919
The above loan is unsecured, interest is charged at the HMRC approved rate.
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