Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12629669 Ms Ruth Hargreaves true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12629669 2023-05-31 12629669 2024-05-31 12629669 2023-06-01 2024-05-31 12629669 frs-core:CurrentFinancialInstruments 2024-05-31 12629669 frs-core:ComputerEquipment 2024-05-31 12629669 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12629669 frs-core:ComputerEquipment 2023-05-31 12629669 frs-core:FurnitureFittings 2024-05-31 12629669 frs-core:FurnitureFittings 2023-06-01 2024-05-31 12629669 frs-core:FurnitureFittings 2023-05-31 12629669 frs-core:ShareCapital 2024-05-31 12629669 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12629669 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12629669 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12629669 frs-bus:SmallEntities 2023-06-01 2024-05-31 12629669 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12629669 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12629669 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 12629669 frs-bus:OrdinaryShareClass1 2024-05-31 12629669 1 2023-06-01 2024-05-31 12629669 frs-bus:Director1 2023-06-01 2024-05-31 12629669 frs-countries:EnglandWales 2023-06-01 2024-05-31 12629669 2022-05-31 12629669 2023-05-31 12629669 2022-06-01 2023-05-31 12629669 frs-core:CurrentFinancialInstruments 2023-05-31 12629669 frs-core:ShareCapital 2023-05-31 12629669 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 12629669 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31
Registered number: 12629669
Intothemindtherapy Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12629669
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,463 4,472
3,463 4,472
CURRENT ASSETS
Debtors 5 786 4,626
Cash at bank and in hand 12,624 16,002
13,410 20,628
Creditors: Amounts Falling Due Within One Year 6 (2,686 ) (5,573 )
NET CURRENT ASSETS (LIABILITIES) 10,724 15,055
TOTAL ASSETS LESS CURRENT LIABILITIES 14,187 19,527
NET ASSETS 14,187 19,527
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 14,087 19,427
SHAREHOLDERS' FUNDS 14,187 19,527
Page 1
Page 2
For the year ending 31 May 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 her 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
Ms Ruth Hargreaves
Director
14/02/2025
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
Intothemindtherapy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12629669 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small
Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Companies Act
2006.
The principal accounting policies adopted in the preparation of the financial statements are set out below. The
accounting policies have been consistently applied within the financial statements.
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.
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 Furniture
Computer Equipment Computer Equipment
Computer Equipment: 25% per annum.
Furniture depreciation rate: 15% per annum.  
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position 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
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured
at transaction price including transaction costs and are subsequently carried at amortised cost 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.
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, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, 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 receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts 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 payables are recognised initially at transaction price
...CONTINUED
Page 3
Page 4
2.4. Financial Instruments - continued
and subsequently measured at amortised cost using the effective interest method.
2.5. 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.
2.6. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments
with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in
current liabilities.
2.7. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are
required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
2.8. Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight
line basis over the term of the relevant lease except where another more systematic basis is more representative of
the time pattern in which economic benefits from the lease asset are consumed.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 2,825 2,337 5,162
As at 31 May 2024 2,825 2,337 5,162
Depreciation
As at 1 June 2023 106 584 690
Provided during the period 424 585 1,009
As at 31 May 2024 530 1,169 1,699
Net Book Value
As at 31 May 2024 2,295 1,168 3,463
As at 1 June 2023 2,719 1,753 4,472
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 403 4,243
Corporation tax recoverable assets 283 283
Called up share capital not paid 100 100
786 4,626
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 178 178
Other creditors 1,188 4,075
Accruals and deferred income 1,320 1,320
2,686 5,573
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Ms Ruth Hargreaves.
Page 5