Acorah Software Products - Accounts Production 16.1.200 false true true 30 June 2023 1 July 2022 false 11 December 2024 1 July 2023 30 June 2024 30 June 2024 04207588 Mr Joe Fredericks Mr Charles Goode The Experiential Learning Group Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04207588 2023-06-30 04207588 2024-06-30 04207588 2023-07-01 2024-06-30 04207588 frs-core:CurrentFinancialInstruments 2024-06-30 04207588 frs-core:ComputerEquipment 2024-06-30 04207588 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04207588 frs-core:ComputerEquipment 2023-06-30 04207588 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 04207588 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04207588 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 04207588 frs-core:CapitalRedemptionReserve 2024-06-30 04207588 frs-core:ShareCapital 2024-06-30 04207588 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04207588 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04207588 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04207588 frs-bus:SmallEntities 2023-07-01 2024-06-30 04207588 frs-bus:Audited 2023-07-01 2024-06-30 04207588 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04207588 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 04207588 frs-bus:OrdinaryShareClass1 2024-06-30 04207588 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 04207588 frs-bus:OrdinaryShareClass2 2024-06-30 04207588 1 2023-07-01 2024-06-30 04207588 frs-bus:Director1 2023-07-01 2024-06-30 04207588 frs-bus:Director2 2023-07-01 2024-06-30 04207588 frs-countries:EnglandWales 2023-07-01 2024-06-30 04207588 2022-06-30 04207588 2023-06-30 04207588 2022-07-01 2023-06-30 04207588 frs-core:CurrentFinancialInstruments 2023-06-30 04207588 frs-core:CapitalRedemptionReserve 2023-06-30 04207588 frs-core:ShareCapital 2023-06-30 04207588 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 04207588 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 04207588 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30
Registered number: 04207588
Youd Andrews Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 04207588
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 624 1,520
624 1,520
CURRENT ASSETS
Debtors 5 61,383 687,752
Cash at bank and in hand 1,247,508 630,866
1,308,891 1,318,618
Creditors: Amounts Falling Due Within One Year 6 (875,459 ) (624,941 )
NET CURRENT ASSETS (LIABILITIES) 433,432 693,677
TOTAL ASSETS LESS CURRENT LIABILITIES 434,056 695,197
PROVISIONS FOR LIABILITIES
Deferred Taxation (156 ) (380 )
NET ASSETS 433,900 694,817
CAPITAL AND RESERVES
Called up share capital 8 70 70
Capital redemption reserve 30 30
Profit and Loss Account 433,800 694,717
SHAREHOLDERS' FUNDS 433,900 694,817
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 Joe Fredericks
Director
10/12/2024
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Youd Andrews Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04207588 . The registered office is Northgate House, North Gate, New Basford,, North Gate, Nottingham, NG7 7BQ.
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
The financial statements have been prepared on a going concern basis. The Directors have assessed the Company's ability to continue as a going concern, considering both current and future financial performance, cash flow forecasts, and available financing options.
In making this assessment, the Directors have considered the potential risks and uncertainties facing the business, including but not limited to market conditions, competitive pressures, and regulatory changes. The Directors have also reviewed the Company's current financial position, including its liquidity, capital structure, and access to funding.
After careful consideration of these factors, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements continue to be prepared on a going concern basis.
The Directors are satisfied that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for at least 12 months from the date of approval of these financial statements.
2.3. 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.
2.4. 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:
Leasehold 50% on cost
Computer Equipment 30% on cost
2.5. 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 profit.
Page 2
Page 3
2.6. 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.
2.7. 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.
2.8. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.9. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Land & Property
Leasehold Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 16,072 3,948 20,020
As at 30 June 2024 16,072 3,948 20,020
Depreciation
As at 1 July 2023 16,072 2,428 18,500
Provided during the period - 896 896
As at 30 June 2024 16,072 3,324 19,396
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 - 624 624
As at 1 July 2023 - 1,520 1,520
5. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 36,516 280,101
Prepayments and accrued income 20,354 15,663
Other debtors - 1,125
VAT 3,871 13,783
Amounts owed by group undertakings 642 377,080
61,383 687,752
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 124,923 287,364
Corporation tax 275,120 202,285
Other taxes and social security 8,269 -
Other creditors 1,390 314
Accruals and deferred income 382,009 134,978
Amounts owed to group undertakings 83,748 -
875,459 624,941
7. Secured Creditors
There is a fixed and floating charge over the company in respect on loans taken out in the parent undertaking amounting to £1,800,000 (2023: £2,200,000).
There is a fixed and floating charge over the company in respect of deferred consideration owed by the parent undertaking amounting to £1,130,526 (2023: £845,000)
8. Share Capital
2024 2023
as restated
Allotted, called up and fully paid £ £
650 Ordinary Shares of £ 0.10 each 65 65
50 Ordinary A shares of £ 0.10 each 5 5
70 70
9. Related Party Transactions
The company has taken advantage of exemptions from disclosing transactions with other wholly owned group companies.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is The Experiential Learning Group Limited . The Experiential Learning Group Limited was incorporated in England & Wales.
Page 4
Page 5
11. Audit Information
The auditor's report on the accounts of Youd Andrews Limited for the year ended 30 June 2024 was unqualified.
The auditor's report was signed by Neil Coupland FCA (Senior Statutory Auditor) for and on behalf of RWB CA Limited , Statutory Auditor.
Page 5