Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12253456 Mr J S Worrall Mr R J Moore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12253456 2023-03-31 12253456 2024-03-31 12253456 2023-04-01 2024-03-31 12253456 frs-core:CurrentFinancialInstruments 2024-03-31 12253456 frs-core:Non-currentFinancialInstruments 2024-03-31 12253456 frs-core:ComputerEquipment 2024-03-31 12253456 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12253456 frs-core:ComputerEquipment 2023-03-31 12253456 frs-core:FurnitureFittings 2024-03-31 12253456 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12253456 frs-core:FurnitureFittings 2023-03-31 12253456 frs-core:ShareCapital 2024-03-31 12253456 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12253456 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12253456 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12253456 frs-bus:SmallEntities 2023-04-01 2024-03-31 12253456 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12253456 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12253456 frs-bus:Director1 2023-04-01 2024-03-31 12253456 frs-bus:Director1 2023-03-31 12253456 frs-bus:Director1 2024-03-31 12253456 frs-bus:Director2 2023-04-01 2024-03-31 12253456 frs-bus:Director2 2023-03-31 12253456 frs-bus:Director2 2024-03-31 12253456 frs-countries:EnglandWales 2023-04-01 2024-03-31 12253456 2022-03-31 12253456 2023-03-31 12253456 2022-04-01 2023-03-31 12253456 frs-core:CurrentFinancialInstruments 2023-03-31 12253456 frs-core:Non-currentFinancialInstruments 2023-03-31 12253456 frs-core:ShareCapital 2023-03-31 12253456 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12253456
The Futures Training Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Alexander Myerson & Co Limited
Alexander House
61 Rodney Street
Liverpool
Merseyside
L1 9ER
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12253456
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,404 15,564
12,404 15,564
CURRENT ASSETS
Debtors 5 10,076 30,402
Cash at bank and in hand 9,011 53,488
19,087 83,890
Creditors: Amounts Falling Due Within One Year 6 (38,436 ) (63,573 )
NET CURRENT ASSETS (LIABILITIES) (19,349 ) 20,317
TOTAL ASSETS LESS CURRENT LIABILITIES (6,945 ) 35,881
Creditors: Amounts Falling Due After More Than One Year 7 (43,882 ) (39,752 )
NET LIABILITIES (50,827 ) (3,871 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (50,927 ) (3,971 )
SHAREHOLDERS' FUNDS (50,827) (3,871)
Page 1
Page 2
For the year ending 31 March 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 J S Worrall
Director
27 January 2025
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
The Futures Training Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12253456 . The registered office is 192 Allerton Road, Mossley Hill, Liverpool, L18 5HU.
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:
Fixtures & Fittings 20% RB
Computer Equipment 33% RB
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 24,775 2,184 26,959
Additions 150 - 150
As at 31 March 2024 24,925 2,184 27,109
Depreciation
As at 1 April 2023 10,462 933 11,395
Provided during the period 2,893 417 3,310
As at 31 March 2024 13,355 1,350 14,705
Net Book Value
As at 31 March 2024 11,570 834 12,404
As at 1 April 2023 14,313 1,251 15,564
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 21,802
Other debtors 10,076 8,600
10,076 30,402
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 8,566 5,556
Other creditors 5,327 35,058
Taxation and social security 24,543 22,959
38,436 63,573
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 43,882 39,752
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Jake Worrall 500 500 812 - 188
Mr Richard Moore 500 - 312 - 188
The above loan is unsecured, interest free and repayable on demand.
Page 4