Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 13684736 Mr Andrew Barnes Mrs Kathryn Barnes Mr A. & Mrs K. Barnes true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13684736 2023-06-30 13684736 2024-06-30 13684736 2023-07-01 2024-06-30 13684736 frs-core:CurrentFinancialInstruments 2024-06-30 13684736 frs-core:ComputerEquipment 2024-06-30 13684736 frs-core:ComputerEquipment 2023-07-01 2024-06-30 13684736 frs-core:ComputerEquipment 2023-06-30 13684736 frs-core:FurnitureFittings 2024-06-30 13684736 frs-core:FurnitureFittings 2023-07-01 2024-06-30 13684736 frs-core:FurnitureFittings 2023-06-30 13684736 frs-core:MotorVehicles 2024-06-30 13684736 frs-core:MotorVehicles 2023-07-01 2024-06-30 13684736 frs-core:MotorVehicles 2023-06-30 13684736 frs-core:PlantMachinery 2024-06-30 13684736 frs-core:PlantMachinery 2023-07-01 2024-06-30 13684736 frs-core:PlantMachinery 2023-06-30 13684736 frs-core:ShareCapital 2024-06-30 13684736 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13684736 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13684736 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13684736 frs-bus:SmallEntities 2023-07-01 2024-06-30 13684736 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13684736 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13684736 1 2023-07-01 2024-06-30 13684736 frs-bus:Director1 2023-07-01 2024-06-30 13684736 frs-bus:Director2 2023-07-01 2024-06-30 13684736 frs-countries:EnglandWales 2023-07-01 2024-06-30 13684736 2022-06-30 13684736 2023-06-30 13684736 2022-07-01 2023-06-30 13684736 frs-core:CurrentFinancialInstruments 2023-06-30 13684736 frs-core:ShareCapital 2023-06-30 13684736 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13684736
Academy Sailing Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
MSB Rayleigh
MSB House
35 Websters Way
Rayleigh
Essex
SS6 8JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13684736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,513 82,970
66,513 82,970
CURRENT ASSETS
Debtors 5 4,794 2
Cash at bank and in hand 1,926 13,671
6,720 13,673
Creditors: Amounts Falling Due Within One Year 6 (123,788 ) (125,365 )
NET CURRENT ASSETS (LIABILITIES) (117,068 ) (111,692 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,555 ) (28,722 )
NET LIABILITIES (50,555 ) (28,722 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (50,557 ) (28,724 )
SHAREHOLDERS' FUNDS (50,555) (28,722)
Page 1
Page 2
For the year ending 30 June 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 Andrew Barnes
Director
28/01/2025
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
Academy Sailing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13684736 . The registered office is MSB House, 35 Websters Way, Rayleigh, Essex, SS6 8JQ.
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:
Plant & Machinery 25% Reducing balance
Website 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Website Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 79,948 4,000 2,068 1,100 87,116
Additions 1,051 - 3,587 - 4,638
As at 30 June 2024 80,999 4,000 5,655 1,100 91,754
Depreciation
As at 1 July 2023 2,875 691 306 274 4,146
Provided during the period 19,374 827 687 207 21,095
As at 30 June 2024 22,249 1,518 993 481 25,241
Net Book Value
As at 30 June 2024 58,750 2,482 4,662 619 66,513
As at 1 July 2023 77,073 3,309 1,762 826 82,970
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,792 -
Called up share capital not paid 2 2
4,794 2
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 2
Accruals and deferred income 2,154 1,074
Directors' loan accounts 121,635 124,289
123,788 125,365
7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr A. & Mrs K. Barnes by virtue of their ownership of 100% of the issued share capital in the company.
Page 4