Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07586118 Mrs Anneliese Rees Mrs S Evans Mr Hywel Evans Mrs Melanie Hughes Mr Andrew Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07586118 2023-03-31 07586118 2024-03-31 07586118 2023-04-01 2024-03-31 07586118 frs-core:CurrentFinancialInstruments 2024-03-31 07586118 frs-core:Non-currentFinancialInstruments 2024-03-31 07586118 frs-core:ComputerEquipment 2024-03-31 07586118 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07586118 frs-core:ComputerEquipment 2023-03-31 07586118 frs-core:FurnitureFittings 2024-03-31 07586118 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07586118 frs-core:FurnitureFittings 2023-03-31 07586118 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07586118 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07586118 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 07586118 frs-core:MotorVehicles 2024-03-31 07586118 frs-core:MotorVehicles 2023-04-01 2024-03-31 07586118 frs-core:MotorVehicles 2023-03-31 07586118 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07586118 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 07586118 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07586118 frs-bus:SmallEntities 2023-04-01 2024-03-31 07586118 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07586118 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07586118 frs-bus:Director1 2023-04-01 2024-03-31 07586118 frs-bus:Director2 2023-04-01 2024-03-31 07586118 frs-bus:Director3 2023-04-01 2024-03-31 07586118 frs-bus:Director4 2023-04-01 2024-03-31 07586118 frs-bus:Director5 2023-04-01 2024-03-31 07586118 frs-core:CurrentFinancialInstruments 1 2024-03-31 07586118 frs-countries:EnglandWales 2023-04-01 2024-03-31 07586118 2022-03-31 07586118 2023-03-31 07586118 2022-04-01 2023-03-31 07586118 frs-core:CurrentFinancialInstruments 2023-03-31 07586118 frs-core:Non-currentFinancialInstruments 2023-03-31 07586118 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07586118 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 07586118
Carmarthenshire School of Gymnastics Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
H R Harris & Partners
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07586118
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86,282 62,427
86,282 62,427
CURRENT ASSETS
Debtors 5 5,550 5,910
Cash at bank and in hand 187,070 181,350
192,620 187,260
Creditors: Amounts Falling Due Within One Year 6 (53,078 ) (41,916 )
NET CURRENT ASSETS (LIABILITIES) 139,542 145,344
TOTAL ASSETS LESS CURRENT LIABILITIES 225,824 207,771
Creditors: Amounts Falling Due After More Than One Year 7 (71,312 ) (61,991 )
NET ASSETS 154,512 145,780
Income and Expenditure Account 154,512 145,780
MEMBERS' FUNDS 154,512 145,780
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For the year ending 31 March 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 and Expenditure Account.
On behalf of the board
Mrs S Evans
Director
17/02/2025
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
Carmarthenshire School of Gymnastics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07586118 . The registered office is Pembroke House Charter Court, Swansea Enterprise Park, Swansea, SA7 9FS.
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:
Leasehold 10% Straight line basis
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 10% Reducing balance
Computer Equipment 1/3 Straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account as incurred.
2.5. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 20)
20 20
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 23,893 - 117,489 656 142,038
Additions - 36,254 5,012 - 41,266
As at 31 March 2024 23,893 36,254 122,501 656 183,304
Depreciation
As at 1 April 2023 19,114 - 60,424 73 79,611
Provided during the period 2,389 9,064 5,885 73 17,411
As at 31 March 2024 21,503 9,064 66,309 146 97,022
Net Book Value
As at 31 March 2024 2,390 27,190 56,192 510 86,282
As at 1 April 2023 4,779 - 57,065 583 62,427
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 360
Other debtors 5,550 5,550
5,550 5,910
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,372 -
Bank loans and overdrafts 25,987 19,005
Other taxes and social security 4,696 5,106
Other creditors 3,941 3,943
Pension creditor 815 698
Accruals and deferred income 2,650 2,400
Government grants within one year 4,646 4,646
Directors' loan accounts 5,971 6,118
53,078 41,916
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,789 -
Bank loans (more than 1 year) 23,942 42,555
Government grants after one year 16,581 19,436
71,312 61,991
8. Share Capital
Page 5