Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06881432 Mr G Underhill Mrs V A Underhill Mrs V A Underhill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06881432 2023-04-30 06881432 2024-04-30 06881432 2023-05-01 2024-04-30 06881432 frs-core:CurrentFinancialInstruments 2024-04-30 06881432 frs-core:Non-currentFinancialInstruments 2024-04-30 06881432 frs-core:BetweenOneFiveYears 2024-04-30 06881432 frs-core:ComputerEquipment 2024-04-30 06881432 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06881432 frs-core:ComputerEquipment 2023-04-30 06881432 frs-core:FurnitureFittings 2024-04-30 06881432 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06881432 frs-core:FurnitureFittings 2023-04-30 06881432 frs-core:NetGoodwill 2024-04-30 06881432 frs-core:NetGoodwill 2023-05-01 2024-04-30 06881432 frs-core:NetGoodwill 2023-04-30 06881432 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 06881432 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06881432 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 06881432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 06881432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06881432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 06881432 frs-core:MotorVehicles 2024-04-30 06881432 frs-core:MotorVehicles 2023-05-01 2024-04-30 06881432 frs-core:MotorVehicles 2023-04-30 06881432 frs-core:PlantMachinery 2024-04-30 06881432 frs-core:PlantMachinery 2023-05-01 2024-04-30 06881432 frs-core:PlantMachinery 2023-04-30 06881432 frs-core:WithinOneYear 2024-04-30 06881432 frs-core:RevaluationReserve 2023-04-30 06881432 frs-core:RevaluationReserve 2024-04-30 06881432 frs-core:ShareCapital 2024-04-30 06881432 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06881432 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06881432 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06881432 frs-bus:SmallEntities 2023-05-01 2024-04-30 06881432 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06881432 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06881432 frs-bus:Director1 2023-05-01 2024-04-30 06881432 frs-bus:Director2 2023-05-01 2024-04-30 06881432 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06881432 frs-countries:EnglandWales 2023-05-01 2024-04-30 06881432 2022-04-30 06881432 2023-04-30 06881432 2022-05-01 2023-04-30 06881432 frs-core:CurrentFinancialInstruments 2023-04-30 06881432 frs-core:Non-currentFinancialInstruments 2023-04-30 06881432 frs-core:BetweenOneFiveYears 2023-04-30 06881432 frs-core:WithinOneYear 2023-04-30 06881432 frs-core:RevaluationReserve 2023-04-30 06881432 frs-core:ShareCapital 2023-04-30 06881432 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06881432
Gust Swim School Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 06881432
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 885,380 902,687
885,380 902,687
CURRENT ASSETS
Stocks 6 5,120 4,500
Debtors 7 4,353 2,536
Cash at bank and in hand 6,408 8,913
15,881 15,949
Creditors: Amounts Falling Due Within One Year 8 (117,610 ) (94,195 )
NET CURRENT ASSETS (LIABILITIES) (101,729 ) (78,246 )
TOTAL ASSETS LESS CURRENT LIABILITIES 783,651 824,441
Creditors: Amounts Falling Due After More Than One Year 9 (555,307 ) (590,897 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,322 ) (50,001 )
NET ASSETS 185,022 183,543
CAPITAL AND RESERVES
Called up share capital 11 2 2
Revaluation reserve 12 182,306 182,306
Profit and Loss Account 2,714 1,235
SHAREHOLDERS' FUNDS 185,022 183,543
Page 1
Page 2
For the year ending 30 April 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 G Underhill
Director
Mrs V A Underhill
Director
27/06/2024
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gust Swim School Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06881432 . The registered office is 1 Whitebridge Way, Stone, Staffordshire, ST15 8JS.
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
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation any any accumulated impairment losses.
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:
Freehold No depreciation
Swimming pool Straight line over 25 years
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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2.5. 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 profit and loss account 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 profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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: 19 (2023: 19)
19 19
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Amortisation
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Land & Property
Freehold Swimming pool Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 May 2023 551,268 329,970 69,662 72,792
Additions - - 17,750 -
As at 30 April 2024 551,268 329,970 87,412 72,792
Depreciation
As at 1 May 2023 - 87,396 43,365 1,517
Provided during the period - 13,198 6,922 17,819
As at 30 April 2024 - 100,594 50,287 19,336
Net Book Value
As at 30 April 2024 551,268 229,376 37,125 53,456
As at 1 May 2023 551,268 242,574 26,297 71,275
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 24,199 23,407 1,071,298
Additions 5,136 1,417 24,303
As at 30 April 2024 29,335 24,824 1,095,601
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 May 2023 16,176 20,157 168,611
Provided during the period 2,574 1,097 41,610
As at 30 April 2024 18,750 21,254 210,221
Net Book Value
As at 30 April 2024 10,585 3,570 885,380
As at 1 May 2023 8,023 3,250 902,687
Cost or valuation as at 30 April 2024 represented by:
Land & Property
Freehold Swimming pool Plant & Machinery Motor Vehicles
£ £ £ £
At cost 551,268 329,970 87,412 72,792
551,268 329,970 87,412 72,792
Fixtures & Fittings Computer Equipment Total
£ £ £
At cost 29,335 24,824 1,095,601
29,335 24,824 1,095,601
If Freehold land and buildings had not been revalued they would have been included at the following historical cost:
2024
2022
£
£
image
image
Cost
551,268
image
551,268
image
Freehold land and buildings were valued on an open market basis on 30 January 2019 by Christie and co..
6. Stocks
2024 2023
£ £
Stock 5,120 4,500
Page 6
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7. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,353 2,536
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,725 8,929
Trade creditors 10,629 2,635
Bank loans and overdrafts 43,164 53,293
Other creditors 5,792 8,597
Taxation and social security 50,300 20,741
117,610 94,195
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 52,007 58,528
Bank loans 503,300 532,369
555,307 590,897
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,725 8,929
Later than one year and not later than five years 52,007 58,528
59,732 67,457
59,732 67,457
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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12. Reserves
Revaluation Reserve
£
As at 1 May 2023 182,306
As at 30 April 2024 182,306
Page 8