Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07611903 Mr Ali Khan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07611903 2023-07-31 07611903 2024-07-31 07611903 2023-08-01 2024-07-31 07611903 frs-core:CurrentFinancialInstruments 2024-07-31 07611903 frs-core:Non-currentFinancialInstruments 2024-07-31 07611903 frs-core:ComputerEquipment 2024-07-31 07611903 frs-core:ComputerEquipment 2023-08-01 2024-07-31 07611903 frs-core:ComputerEquipment 2023-07-31 07611903 frs-core:SharePremium 2024-07-31 07611903 frs-core:ShareCapital 2024-07-31 07611903 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07611903 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07611903 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07611903 frs-bus:SmallEntities 2023-08-01 2024-07-31 07611903 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07611903 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07611903 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 07611903 frs-bus:OrdinaryShareClass1 2024-07-31 07611903 frs-bus:Director1 2023-08-01 2024-07-31 07611903 frs-core:Non-currentFinancialInstruments 1 2024-07-31 07611903 frs-core:Non-currentFinancialInstruments 2 2024-07-31 07611903 frs-countries:EnglandWales 2023-08-01 2024-07-31 07611903 2022-07-31 07611903 2023-07-31 07611903 2022-08-01 2023-07-31 07611903 frs-core:CurrentFinancialInstruments 2023-07-31 07611903 frs-core:Non-currentFinancialInstruments 2023-07-31 07611903 frs-core:SharePremium 2023-07-31 07611903 frs-core:ShareCapital 2023-07-31 07611903 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 07611903 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31 07611903 frs-core:Non-currentFinancialInstruments 1 2023-07-31 07611903 frs-core:Non-currentFinancialInstruments 2 2023-07-31 07611903 frs-core:Non-currentFinancialInstruments 3 2023-07-31 07611903 frs-core:Non-currentFinancialInstruments 4 2023-07-31 07611903 frs-core:Non-currentFinancialInstruments 5 2023-07-31
Registered number: 07611903
The Equestrian Learning Academy Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Accurox Ltd
5 Strand Court
Bath Road
Cheltenham
England
GL53 7LW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07611903
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,582 10,110
7,582 10,110
CURRENT ASSETS
Debtors 5 1,721,724 1,562,382
Cash at bank and in hand 50,229 47,812
1,771,953 1,610,194
Creditors: Amounts Falling Due Within One Year 6 (985,451 ) (608,385 )
NET CURRENT ASSETS (LIABILITIES) 786,502 1,001,809
TOTAL ASSETS LESS CURRENT LIABILITIES 794,084 1,011,919
Creditors: Amounts Falling Due After More Than One Year 7 (583,005 ) (857,399 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,896 ) (2,527 )
NET ASSETS 209,183 151,993
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 9,980 9,980
Profit and Loss Account 199,103 141,913
SHAREHOLDERS' FUNDS 209,183 151,993
Page 1
Page 2
For the year ending 31 July 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 Ali Khan
Director
11/03/2025
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
The Equestrian Learning Academy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07611903 . The registered office is Suite 104 , 1 Medlake Place, Thorpe Lea Road, Egham, Surrey, TW20 8HE.
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. It includes revenue earned from the rendering of services and is adjusted for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases and hire purchases contracts are capitalised as tangible fixed assets and depreciated over the shorter of the lease term or their useful life for finance leases, and over their useful life for hire purchase contracts. The corresponding liabilities are recognised in creditors, and the finance charge on finance lease obligations is recognised in the income statement using the effective interest method.
Rentals paid under operating leases are charged to profity or loss on a straight line basis over the period of the lease, with the risks and rewards of ownership remaining with the lessor.
2.5. Financial Instruments
The company has elected to apply Section 11: 'Basic Financial Instruments' and Section 12: 'Other Financial Instrument Issues' of FRS 102 to all of its financial instruments.
The company engages solely in basic financial instruments that result in the recognition of financial assets and liabilities, such as trade receivables and payables.
Financial assets and liabilities are offset and the net amount is reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle the liability simultaneously. 
2.6. Taxation
Taxation 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. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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 is measured using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period and that are expected to apply to the reversal of the timing difference.
Current and deferred tax are recognised in profit or loss for the year, 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.
Page 3
Page 4
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors
Short term debts are measured at transaction price, less any impairment.
2.9. Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature within three months from the date of acquisition and are readily convertible to known amounts of cash, with an insignificant risk of changes in value.
2.10. Creditors
Short term creditors are measured at transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2023: 41)
41 41
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 24,770
As at 31 July 2024 24,770
Depreciation
As at 1 August 2023 14,660
Provided during the period 2,528
As at 31 July 2024 17,188
Net Book Value
As at 31 July 2024 7,582
As at 1 August 2023 10,110
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 438,478 354,164
Prepayments and accrued income 1,154,778 1,151,251
Other debtors 121,468 45,236
Amounts owed by group undertakings 7,000 11,731
1,721,724 1,562,382
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 319,306 138,490
Bank loans and overdrafts 139,412 82,536
Other loans 114,277 47,810
Corporation tax 127,077 105,243
Other taxes and social security 260,680 195,601
Other creditors (27,911 ) 29,695
Accruals and deferred income 52,610 9,010
985,451 608,385
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other taxes and social security 423,070 583,369
Bank loans 1-2 years 95,714 34,853
Bank loans 2-5 years 64,221 55,754
Other loans 1-2 years - 38,402
Other loans 2-5 years - 107,640
Other loans > 5 years - 37,381
583,005 857,399
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 5