Acorah Software Products - Accounts Production 16.1.300 false true false 19 September 2023 30 September 2024 30 September 2024 15147100 Mr R Bassett-Lowe Mrs B Bassett-Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15147100 2023-09-18 15147100 2024-09-30 15147100 2023-09-19 2024-09-30 15147100 frs-core:CurrentFinancialInstruments 2024-09-30 15147100 frs-core:ComputerEquipment 2024-09-30 15147100 frs-core:ComputerEquipment 2023-09-19 2024-09-30 15147100 frs-core:ComputerEquipment 2023-09-18 15147100 frs-core:FurnitureFittings 2024-09-30 15147100 frs-core:FurnitureFittings 2023-09-19 2024-09-30 15147100 frs-core:FurnitureFittings 2023-09-18 15147100 frs-core:MotorVehicles 2024-09-30 15147100 frs-core:MotorVehicles 2023-09-19 2024-09-30 15147100 frs-core:MotorVehicles 2023-09-18 15147100 frs-core:ShareCapital 2024-09-30 15147100 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 15147100 frs-bus:PrivateLimitedCompanyLtd 2023-09-19 2024-09-30 15147100 frs-bus:FilletedAccounts 2023-09-19 2024-09-30 15147100 frs-bus:SmallEntities 2023-09-19 2024-09-30 15147100 frs-bus:AuditExempt-NoAccountantsReport 2023-09-19 2024-09-30 15147100 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-19 2024-09-30 15147100 frs-bus:OrdinaryShareClass2 2023-09-19 2024-09-30 15147100 frs-bus:OrdinaryShareClass2 2024-09-30 15147100 frs-bus:OrdinaryShareClass3 2023-09-19 2024-09-30 15147100 frs-bus:OrdinaryShareClass3 2024-09-30 15147100 frs-bus:Director1 2023-09-19 2024-09-30 15147100 frs-bus:Director1 2023-09-18 15147100 frs-bus:Director1 2024-09-30 15147100 frs-bus:Director2 2023-09-19 2024-09-30 15147100 frs-countries:EnglandWales 2023-09-19 2024-09-30
Registered number: 15147100
Spencer Coaching and Mentoring Limited
Unaudited Financial Statements
For the Period 19 September 2023 to 30 September 2024
Cooper Associates Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15147100
30 September 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 12,499
12,499
CURRENT ASSETS
Debtors 5 8,884
Cash at bank and in hand 2
8,886
Creditors: Amounts Falling Due Within One Year 6 (19,146 )
NET CURRENT ASSETS (LIABILITIES) (10,260 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,239
NET ASSETS 2,239
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account 2,139
SHAREHOLDERS' FUNDS 2,239
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For the period ending 30 September 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 R Bassett-Lowe
Director
8th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Spencer Coaching and Mentoring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15147100 . The registered office is 40 St James Buildings, St James Street, Taunton, Somerset, TA1 1JR.
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.
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:
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 15% Reducing balance
Office equipment 33% Straight line
2.4. Financial Instruments
The company holds the following financial instruments:
  • Short term trade and other debtors and creditors;
  • Bank loans; and
  • Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method.
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2.5. 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Office equipment Total
£ £ £ £
Cost
As at 19 September 2023 - - - -
Additions 10,000 2,256 3,852 16,108
As at 30 September 2024 10,000 2,256 3,852 16,108
Depreciation
As at 19 September 2023 - - - -
Provided during the period 2,000 338 1,271 3,609
As at 30 September 2024 2,000 338 1,271 3,609
Net Book Value
As at 30 September 2024 8,000 1,918 2,581 12,499
As at 19 September 2023 - - - -
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5. Debtors
30 September 2024
£
Due within one year
Trade debtors 7,300
Other debtors 1,584
8,884
6. Creditors: Amounts Falling Due Within One Year
30 September 2024
£
Trade creditors 359
Other creditors 2,321
Taxation and social security 16,466
19,146
7. Share Capital
30 September 2024
Allotted, called up and fully paid £
90 Ordinary A shares of £ 1.00 each 90
10 Ordinary B shares of £ 1.00 each 10
100
During the period, 90 ordinary A shares and 10 ordinary B shares of £1 each, were issued for a consideration of £100.
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 19 September 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Ross Bassett-Lowe - 15,796 (15,796 ) - -
The above loan is unsecured, interest free and repayable on demand.
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