Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11077002 Mr A Struc iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11077002 2023-04-30 11077002 2024-04-30 11077002 2023-05-01 2024-04-30 11077002 frs-core:CurrentFinancialInstruments 2024-04-30 11077002 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 11077002 frs-core:OtherResidualIntangibleAssets 2024-04-30 11077002 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 11077002 frs-core:OtherResidualIntangibleAssets 2023-04-30 11077002 frs-core:PlantMachinery 2024-04-30 11077002 frs-core:PlantMachinery 2023-05-01 2024-04-30 11077002 frs-core:PlantMachinery 2023-04-30 11077002 frs-core:ShareCapital 2024-04-30 11077002 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11077002 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11077002 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11077002 frs-bus:SmallEntities 2023-05-01 2024-04-30 11077002 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11077002 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11077002 frs-bus:Director1 2023-05-01 2024-04-30 11077002 1 2023-05-01 2024-04-30 11077002 frs-countries:EnglandWales 2023-05-01 2024-04-30 11077002 2022-04-30 11077002 2023-04-30 11077002 2022-05-01 2023-04-30 11077002 frs-core:CurrentFinancialInstruments 2023-04-30 11077002 frs-core:ShareCapital 2023-04-30 11077002 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11077002 1 2022-05-01 2023-04-30
Registered number: 11077002
Goalsfirst Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Elco Accounting Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11077002
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,456 10,587
Tangible Assets 5 8,195 10,906
10,651 21,493
CURRENT ASSETS
Debtors 6 5,092 -
Cash at bank and in hand 68,462 45,140
73,554 45,140
Creditors: Amounts Falling Due Within One Year 7 (8,611 ) (7,676 )
NET CURRENT ASSETS (LIABILITIES) 64,943 37,464
TOTAL ASSETS LESS CURRENT LIABILITIES 75,594 58,957
NET ASSETS 75,594 58,957
CAPITAL AND RESERVES
Called up share capital 8 386,133 322,133
Profit and Loss Account (310,539 ) (263,176 )
SHAREHOLDERS' FUNDS 75,594 58,957
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 A Struc
Director
27/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goalsfirst Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11077002 . The registered office is C/O Elco Accounting, 24 Church Street, Rickmansworth, Hertfordshire, WD3 1DD.
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. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to software. It is amortised to profit and loss account over its estimated economic life of 5 years.
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:
Plant & Machinery 3 & 10 years straight line
2.5. Financial Instruments
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realised the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
2.6. Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Director 1 1
1 1
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 May 2023 40,662
As at 30 April 2024 40,662
Amortisation
As at 1 May 2023 30,075
Provided during the period 8,131
As at 30 April 2024 38,206
Net Book Value
As at 30 April 2024 2,456
As at 1 May 2023 10,587
Page 4
Page 5
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 May 2023 45,642
As at 30 April 2024 45,642
Depreciation
As at 1 May 2023 34,736
Provided during the period 2,711
As at 30 April 2024 37,447
Net Book Value
As at 30 April 2024 8,195
As at 1 May 2023 10,906
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 5,092 -
5,092 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,300 300
Other creditors 1,311 7,376
8,611 7,676
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 386,133 322,133
Page 5