Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 14189780 Mr Darren Richardson Mrs Amanda Richardson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14189780 2023-06-30 14189780 2024-06-30 14189780 2023-07-01 2024-06-30 14189780 frs-core:CurrentFinancialInstruments 2024-06-30 14189780 frs-core:ComputerEquipment 2024-06-30 14189780 frs-core:ComputerEquipment 2023-07-01 2024-06-30 14189780 frs-core:ComputerEquipment 2023-06-30 14189780 frs-core:MotorVehicles 2024-06-30 14189780 frs-core:MotorVehicles 2023-07-01 2024-06-30 14189780 frs-core:MotorVehicles 2023-06-30 14189780 frs-core:PlantMachinery 2024-06-30 14189780 frs-core:PlantMachinery 2023-07-01 2024-06-30 14189780 frs-core:PlantMachinery 2023-06-30 14189780 frs-core:ShareCapital 2024-06-30 14189780 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14189780 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14189780 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14189780 frs-bus:SmallEntities 2023-07-01 2024-06-30 14189780 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14189780 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14189780 frs-bus:Director1 2023-07-01 2024-06-30 14189780 frs-bus:Director2 2023-07-01 2024-06-30 14189780 frs-countries:EnglandWales 2023-07-01 2024-06-30 14189780 2022-06-30 14189780 2023-06-30 14189780 2022-07-01 2023-06-30 14189780 frs-core:CurrentFinancialInstruments 2023-06-30 14189780 frs-core:ShareCapital 2023-06-30 14189780 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14189780
Flintshire Taekwondo Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 14189780
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,775 18,750
14,775 18,750
CURRENT ASSETS
Debtors 5 55,761 8,909
Cash at bank and in hand 38,974 42,470
94,735 51,379
Creditors: Amounts Falling Due Within One Year 6 (15,757 ) (11,427 )
NET CURRENT ASSETS (LIABILITIES) 78,978 39,952
TOTAL ASSETS LESS CURRENT LIABILITIES 93,753 58,702
NET ASSETS 93,753 58,702
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 93,653 58,602
SHAREHOLDERS' FUNDS 93,753 58,702
Page 1
Page 2
For the year ending 30 June 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
Mr Darren Richardson
Director
18/03/2025
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
Flintshire Taekwondo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14189780 . The registered office is Llys Ifor Lixwm, Holywell, Flintshire, CH8 8NQ.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Straight Line
2.4. 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.
Current or deferred tax for the year is recognised in profit or loss, 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 - 25,000 - 25,000
Additions 180 - 771 951
As at 30 June 2024 180 25,000 771 25,951
Depreciation
As at 1 July 2023 - 6,250 - 6,250
Provided during the period 45 4,688 193 4,926
As at 30 June 2024 45 10,938 193 11,176
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 135 14,062 578 14,775
As at 1 July 2023 - 18,750 - 18,750
5. Debtors
2024 2023
£ £
Due within one year
VAT - 945
Directors' loan accounts 55,761 7,964
55,761 8,909
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 829 1,170
Corporation tax 12,030 9,456
VAT 1,875 -
Accruals and deferred income 1,023 801
15,757 11,427
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4