Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08466773 Professor J Gardosi A Francis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08466773 2023-04-30 08466773 2024-04-30 08466773 2023-05-01 2024-04-30 08466773 frs-core:CurrentFinancialInstruments 2024-04-30 08466773 frs-core:FurnitureFittings 2024-04-30 08466773 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08466773 frs-core:FurnitureFittings 2023-04-30 08466773 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08466773 frs-bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 08466773 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08466773 frs-bus:SmallEntities 2023-05-01 2024-04-30 08466773 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08466773 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08466773 frs-bus:Director1 2023-05-01 2024-04-30 08466773 frs-bus:Director2 2023-05-01 2024-04-30 08466773 frs-countries:EnglandWales 2023-05-01 2024-04-30 08466773 2022-04-30 08466773 2023-04-30 08466773 2022-05-01 2023-04-30 08466773 frs-core:CurrentFinancialInstruments 2023-04-30 08466773 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08466773
Perinatal Institute
Unaudited Financial Statements
For The Year Ended 30 April 2024
Barron & Co Ltd
Chartered Certified Accountants
433 Court Oak Road
Birmingham
West Midlands
B32 2DX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08466773
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,612 9,808
11,612 9,808
CURRENT ASSETS
Debtors 5 396,287 392,142
Cash at bank and in hand 102,199 251,703
498,486 643,845
Creditors: Amounts Falling Due Within One Year 6 (498,193 ) (611,960 )
NET CURRENT ASSETS (LIABILITIES) 293 31,885
TOTAL ASSETS LESS CURRENT LIABILITIES 11,905 41,693
NET ASSETS 11,905 41,693
Income and Expenditure Account 11,905 41,693
MEMBERS' FUNDS 11,905 41,693
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 Income and Expenditure Account.
On behalf of the board
Professor J Gardosi
Director
28/01/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Perinatal Institute is a private company, limited by guarantee, incorporated in England & Wales, registered number 08466773 . The registered office is Chamber Of Commerce House , Harborne Road, Birmingham, West Midlands, B15 3BU.
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. 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 25% Reducing Balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
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 surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit, 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.
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Page 3
2.6. Research and development
Expenditure on research is written off against profits in the year in which it is incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 26)
26 26
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2023 45,983
Additions 5,675
As at 30 April 2024 51,658
Depreciation
As at 1 May 2023 36,175
Provided during the period 3,871
As at 30 April 2024 40,046
Net Book Value
As at 30 April 2024 11,612
As at 1 May 2023 9,808
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 140,765 158,800
Prepayments and accrued income 45,830 650
Other debtors 209,692 232,692
396,287 392,142
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 201 (2,772 )
Other taxes and social security 16,930 14,051
VAT 96,738 182,083
Other creditors 5,310 5,116
Accruals and deferred income 364,650 399,118
Directors' loan accounts 14,364 14,364
498,193 611,960
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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