Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09907190 Mr Paul Mandalia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09907190 2023-12-31 09907190 2024-12-31 09907190 2024-01-01 2024-12-31 09907190 frs-core:CurrentFinancialInstruments 2024-12-31 09907190 frs-core:Non-currentFinancialInstruments 2024-12-31 09907190 frs-core:ComputerEquipment 2024-12-31 09907190 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09907190 frs-core:ComputerEquipment 2023-12-31 09907190 frs-core:MotorVehicles 2024-12-31 09907190 frs-core:MotorVehicles 2024-01-01 2024-12-31 09907190 frs-core:MotorVehicles 2023-12-31 09907190 frs-core:ShareCapital 2024-12-31 09907190 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09907190 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09907190 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09907190 frs-bus:SmallEntities 2024-01-01 2024-12-31 09907190 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09907190 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09907190 frs-bus:Director1 2024-01-01 2024-12-31 09907190 frs-countries:EnglandWales 2024-01-01 2024-12-31 09907190 2022-12-31 09907190 2023-12-31 09907190 2023-01-01 2023-12-31 09907190 frs-core:CurrentFinancialInstruments 2023-12-31 09907190 frs-core:Non-currentFinancialInstruments 2023-12-31 09907190 frs-core:ShareCapital 2023-12-31 09907190 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09907190
Good 2 Learn Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
VSP Accountancy Services
ACA
188 Victoria Avenue
Hull
East Yorkshire
HU53DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09907190
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,810 32,209
25,810 32,209
CURRENT ASSETS
Debtors 5 - 211
Cash at bank and in hand 51,792 47,444
51,792 47,655
Creditors: Amounts Falling Due Within One Year 6 (57,438 ) (65,543 )
NET CURRENT ASSETS (LIABILITIES) (5,646 ) (17,888 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,164 14,321
Creditors: Amounts Falling Due After More Than One Year 7 (9,941 ) (14,667 )
NET ASSETS/(LIABILITIES) 10,223 (346 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 10,123 (446 )
SHAREHOLDERS' FUNDS 10,223 (346)
Page 1
Page 2
For the year ending 31 December 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 his 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 Paul Mandalia
Director
28/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Good 2 Learn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09907190 . The registered office is C4di @The Dock , 31-38 Queen Street, Hull, HU1 1UU.
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.
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.
2.3. 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
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 39,568 1,954 41,522
As at 31 December 2024 39,568 1,954 41,522
Depreciation
As at 1 January 2024 7,854 1,459 9,313
Provided during the period 6,283 116 6,399
As at 31 December 2024 14,137 1,575 15,712
Net Book Value
As at 31 December 2024 25,431 379 25,810
As at 1 January 2024 31,714 495 32,209
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
VAT - 211
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 1,953 -
Other creditors 219 -
Accruals and deferred income 400 19,350
Director's loan account 54,866 46,193
57,438 65,543
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,941 14,667
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4