Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04391794 A P Carr J Clare T M Conway R Freeland C M Hiley P A Langford A J McLaughlin K Müller D G Poyser J M Rolf M Stait V A Robinson N D Rundstrom R Freeland true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04391794 2023-08-31 04391794 2024-08-31 04391794 2023-09-01 2024-08-31 04391794 frs-core:CurrentFinancialInstruments 2024-08-31 04391794 frs-core:ComputerEquipment 2024-08-31 04391794 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04391794 frs-core:ComputerEquipment 2023-08-31 04391794 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 04391794 frs-core:FurnitureFittings 2024-08-31 04391794 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04391794 frs-core:FurnitureFittings 2023-08-31 04391794 frs-core:OtherResidualIntangibleAssets 2024-08-31 04391794 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 04391794 frs-core:OtherResidualIntangibleAssets 2023-08-31 04391794 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04391794 frs-bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 04391794 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04391794 frs-bus:SmallEntities 2023-09-01 2024-08-31 04391794 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04391794 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04391794 1 2023-09-01 2024-08-31 04391794 frs-bus:Director1 2023-09-01 2024-08-31 04391794 frs-bus:Director2 2023-09-01 2024-08-31 04391794 frs-bus:Director3 2023-09-01 2024-08-31 04391794 frs-bus:Director4 2023-09-01 2024-08-31 04391794 frs-bus:Director5 2023-09-01 2024-08-31 04391794 frs-bus:Director6 2023-09-01 2024-08-31 04391794 frs-bus:Director7 2023-09-01 2024-08-31 04391794 frs-bus:Director8 2023-09-01 2024-08-31 04391794 frs-bus:Director9 2023-09-01 2024-08-31 04391794 frs-bus:Director10 2023-09-01 2024-08-31 04391794 frs-bus:Director11 2023-09-01 2024-08-31 04391794 frs-bus:Director12 2023-09-01 2024-08-31 04391794 frs-bus:Director13 2023-09-01 2024-08-31 04391794 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04391794 frs-core:CurrentFinancialInstruments 1 2024-08-31 04391794 frs-countries:EnglandWales 2023-09-01 2024-08-31 04391794 2022-08-31 04391794 2023-08-31 04391794 2022-09-01 2023-08-31 04391794 frs-core:CurrentFinancialInstruments 2023-08-31 04391794 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 04391794 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 04391794
The Institute Of Tourist Guiding
Unaudited Financial Statements
For The Year Ended 31 August 2024
Devonports LAS Accountants Ltd
10 Station Court
Station Approach
Wickford
Essex
SS11 7AT
Contents
Page
Company Information 1
Accountant's Report 2
Statement of Financial Position 4—5
Notes to the Financial Statements 6—9
Page 1
Company Information
Directors A P Carr
J Clare
T M Conway
R Freeland
C M Hiley
P A Langford
A J McLaughlin
K Müller
D G Poyser
J M Rolf
M Stait
V A Robinson
N D Rundstrom
Secretary R Freeland
Company Number 04391794
Registered Office Coppergate House
10 Whites Row
London
E1 7NF
Business Coppergate House
10 Whites Row
Aldgate
London
E1 7NF
Accountants Devonports LAS Accountants Ltd
10 Station Court
Station Approach
Wickford
Essex
SS11 7AT
Page 1
Page 2
Accountant's Report
We have reviewed the financial statements of The Institute Of Tourist Guiding for the year ended 31st August 2024, which comprise the Income Statement, Statement of Financial Position and the related notes 1 to 14. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
This report is made soley to the company's directors, as a body, in accordance with the terms of our engagement letter dated November 2024. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose.To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.
Directors' responsibilty for the financial statements.
As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsibile for the preparation of the financial statements and for being satisfied that they give a true and fair view.
Accountants' responsibility.
Our responsibilty is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standrad on Review Engagements (ISRE) 2400 (Revised), "Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF "Assurance review engagements on historical financial statements". ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.
Scope of the assurance review
A review of financial statements in accordance with ISRE2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compiliation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained.The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:
- so as to give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its surplus for the year then ended,
- in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"; and
- in accordance with the requirements of the Companies Act 2006.
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Page 3
Signed
S W Lescott FCCA
14/11/2024
Devonports LAS Accountants Ltd
10 Station Court
Station Approach
Wickford
Essex
SS11 7AT
Page 3
Page 4
Statement of Financial Position
Registered number: 04391794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,296 8,603
12,296 8,603
CURRENT ASSETS
Debtors 6 27,035 21,744
Cash at bank and in hand 282,039 300,570
309,074 322,314
Creditors: Amounts Falling Due Within One Year 7 (174,737 ) (193,668 )
NET CURRENT ASSETS (LIABILITIES) 134,337 128,646
TOTAL ASSETS LESS CURRENT LIABILITIES 146,633 137,249
NET ASSETS 146,633 137,249
Income Statement 146,633 137,249
MEMBERS' FUNDS 146,633 137,249
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For the year ending 31 August 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 Statement.
On behalf of the board
K Müller
Director
17/10/2024
The notes on pages 6 to 9 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
The Institute Of Tourist Guiding is a private company, limited by guarantee, incorporated in England & Wales, registered number 04391794 . The registered office is Coppergate House, 10 Whites Row, London, E1 7NF.
The presentation currency of the financial statements is the pound sterling.
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. Significant judgements and estimations
Preparation of the financial statements requires management to make significant judgements and estimates.
The company reviews these at the end of each year to ensure they continue to remain appropriate.
2.3. Turnover
Turnover represents amounts received in respect of membershp and student subscriptions and examination fees.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Other intangible assets represent expenditure on the web site and database. It is amortised to income and expenditure account over its estimated economic life of four years.
2.5. 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 33% on cost
Computer Equipment 20% on cost
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2.6. Taxation
Corporation 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
2.8. Deferred income
Deferred income represents qualification and membership fees received in advance of the Institute's financial year end.These are included with creditors; Amounts falling due within one year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
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4. Intangible Assets
Other
£
Cost
As at 1 September 2023 26,551
Additions 13,774
As at 31 August 2024 40,325
Amortisation
As at 1 September 2023 17,948
Provided during the period 10,081
As at 31 August 2024 28,029
Net Book Value
As at 31 August 2024 12,296
As at 1 September 2023 8,603
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 13,806 53,774 67,580
As at 31 August 2024 13,806 53,774 67,580
Depreciation
As at 1 September 2023 13,806 53,774 67,580
As at 31 August 2024 13,806 53,774 67,580
Net Book Value
As at 31 August 2024 - - -
As at 1 September 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,831 10,364
Prepayments and accrued income 1,317 6,493
Other debtors 4,000 4,000
Corporation tax recoverable assets 887 887
27,035 21,744
Page 8
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,173 21,291
Corporation tax 4,778 212
Other taxes and social security 4,204 2,710
Katrine Prince fund 14,896 15,096
Accruals 5,120 5,040
Deferred income - annual membership receipts 135,566 149,319
174,737 193,668
8. Post Balance Sheet Events
The company continued to make a significant investment in upgrading its website and database. The work on the website and database is now completed with the website now being fully live.
9. 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 £10.
10. Ultimate Controlling Party Not Known
The company does not have an overall controlling party. The board of directors are considered to have control as a whole.
11. Katrine Prince Fund
The Institute has received donations from family and friends of Katrine Prince, a former trustee and director of the company now deceased. The balance of these donations, currently to the value of £14,896 are held to provide for specific purposes in memory of Katrine Prince.
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