Acorah Software Products - Accounts Production 15.0.600 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05247689 Ms W C Scotland Ms E L Bell Ms W C Scotland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05247689 2023-10-31 05247689 2024-10-31 05247689 2023-11-01 2024-10-31 05247689 frs-core:CurrentFinancialInstruments 2024-10-31 05247689 frs-core:PlantMachinery 2024-10-31 05247689 frs-core:PlantMachinery 2023-11-01 2024-10-31 05247689 frs-core:PlantMachinery 2023-10-31 05247689 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05247689 frs-bus:CompanyLimitedByGuarantee 2023-11-01 2024-10-31 05247689 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05247689 frs-bus:SmallEntities 2023-11-01 2024-10-31 05247689 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05247689 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05247689 frs-bus:Director1 2023-11-01 2024-10-31 05247689 frs-bus:Director2 2023-11-01 2024-10-31 05247689 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 05247689 frs-countries:EnglandWales 2023-11-01 2024-10-31 05247689 2022-10-31 05247689 2023-10-31 05247689 2022-11-01 2023-10-31 05247689 frs-core:CurrentFinancialInstruments 2023-10-31 05247689 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05247689
The Leigh Art Trail Association
Unaudited Financial Statements
For The Year Ended 31 October 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 05247689
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1
- 1
CURRENT ASSETS
Cash at bank and in hand 29,917 28,412
29,917 28,412
Creditors: Amounts Falling Due Within One Year 5 (5,106 ) (4,918 )
NET CURRENT ASSETS (LIABILITIES) 24,811 23,494
TOTAL ASSETS LESS CURRENT LIABILITIES 24,811 23,495
NET ASSETS 24,811 23,495
Income Statement 24,811 23,495
MEMBERS' FUNDS 24,811 23,495
For the year ending 31 October 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
Ms W C Scotland
Director
26/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Leigh Art Trail Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 05247689 . The registered office is 8 Cashiobury Terrace, Southend-On-Sea, Essex, SS1 1EZ.
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 are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will  continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 20% Straight Line
2.5. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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 statement of financial position date.
2.6. Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and 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.
2.8. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
Page 2
Page 3
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
£
Cost
As at 1 November 2023 2,172
As at 31 October 2024 2,172
Depreciation
As at 1 November 2023 2,171
Provided during the period 1
As at 31 October 2024 2,172
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 1
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 188 -
Other creditors 4,918 4,918
5,106 4,918
6. Company limited by guarantee
The company is limited by guarantee and is incorporated in England. The company has the liability limit of £1 per director in the event of liquidation.
Page 3