Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08111423 Mr David Durston Mr Jay Stewart Mr Tony World Commodore Martin Westwood Commander Jonathan Bird Lt Alexander Best Mr Tony World iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08111423 2023-08-31 08111423 2024-08-31 08111423 2023-09-01 2024-08-31 08111423 frs-core:CurrentFinancialInstruments 2024-08-31 08111423 frs-core:Non-currentFinancialInstruments 2024-08-31 08111423 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08111423 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08111423 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 08111423 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08111423 frs-core:MotorVehicles 2024-08-31 08111423 frs-core:MotorVehicles 2023-09-01 2024-08-31 08111423 frs-core:MotorVehicles 2023-08-31 08111423 frs-core:PlantMachinery 2024-08-31 08111423 frs-core:PlantMachinery 2023-09-01 2024-08-31 08111423 frs-core:PlantMachinery 2023-08-31 08111423 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08111423 frs-bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 08111423 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08111423 frs-bus:SmallEntities 2023-09-01 2024-08-31 08111423 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08111423 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08111423 frs-bus:Director1 2023-09-01 2024-08-31 08111423 frs-bus:Director2 2023-09-01 2024-08-31 08111423 frs-bus:Director3 2023-09-01 2024-08-31 08111423 frs-bus:Director4 2023-09-01 2024-08-31 08111423 frs-bus:Director5 2023-09-01 2024-08-31 08111423 frs-bus:Director6 2023-09-01 2024-08-31 08111423 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 08111423 frs-countries:EnglandWales 2023-09-01 2024-08-31 08111423 2022-08-31 08111423 2023-08-31 08111423 2022-09-01 2023-08-31 08111423 frs-core:CurrentFinancialInstruments 2023-08-31 08111423 frs-core:Non-currentFinancialInstruments 2023-08-31 08111423 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Portsmouth Naval Gliding Centre
Unaudited Financial Statements
For The Year Ended 31 August 2024
ACCOUNTING SERVICES
FCMA
Field View
Peach Grove
Palestine, Andover
Hants
SP11 7EP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08111423
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 385,749 392,542
385,749 392,542
CURRENT ASSETS
Stocks 5 2,210 1,896
Debtors 6 14,720 14,883
Cash at bank and in hand 15,823 53,417
32,753 70,196
Creditors: Amounts Falling Due Within One Year 7 (25,567 ) (23,959 )
NET CURRENT ASSETS (LIABILITIES) 7,186 46,237
TOTAL ASSETS LESS CURRENT LIABILITIES 392,935 438,779
Creditors: Amounts Falling Due After More Than One Year 8 (70,000 ) (72,500 )
NET ASSETS 322,935 366,279
Income and Expenditure Account 322,935 366,279
MEMBERS' FUNDS 322,935 366,279
For the year ending 31 August 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
Mr Tony World
Director
16/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Portsmouth Naval Gliding Centre is a private company, limited by guarantee, incorporated in England & Wales, registered number 08111423 . The registered office is Field View, Peach Grove, Palestine, Andover, Hants, SP11 7EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold N/A
Leasehold Nil
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 80,828 328,117 408,945
Additions 1,399 5,500 6,899
As at 31 August 2024 82,227 333,617 415,844
Depreciation
As at 1 September 2023 16,403 - 16,403
Provided during the period 13,692 - 13,692
As at 31 August 2024 30,095 - 30,095
Net Book Value
As at 31 August 2024 52,132 333,617 385,749
As at 1 September 2023 64,425 328,117 392,542
5. Stocks
2024 2023
£ £
Materials 2,210 1,896
Page 2
Page 3
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,720 14,883
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,567 23,959
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Capital grants 70,000 72,500
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3