Acorah Software Products - Accounts Production 16.3.350 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10613040 Mr Kevin Bateman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10613040 2023-07-31 10613040 2024-07-31 10613040 2023-08-01 2024-07-31 10613040 frs-core:CurrentFinancialInstruments 2024-07-31 10613040 frs-core:Non-currentFinancialInstruments 2024-07-31 10613040 frs-core:FurnitureFittings 2024-07-31 10613040 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10613040 frs-core:FurnitureFittings 2023-07-31 10613040 frs-core:NetGoodwill 2024-07-31 10613040 frs-core:NetGoodwill 2023-08-01 2024-07-31 10613040 frs-core:NetGoodwill 2023-07-31 10613040 frs-core:MotorVehicles 2024-07-31 10613040 frs-core:MotorVehicles 2023-08-01 2024-07-31 10613040 frs-core:MotorVehicles 2023-07-31 10613040 frs-core:ShareCapital 2024-07-31 10613040 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10613040 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10613040 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10613040 frs-bus:SmallEntities 2023-08-01 2024-07-31 10613040 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10613040 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10613040 frs-bus:Director1 2023-08-01 2024-07-31 10613040 frs-countries:EnglandWales 2023-08-01 2024-07-31 10613040 2022-07-31 10613040 2023-07-31 10613040 2022-08-01 2023-07-31 10613040 frs-core:CurrentFinancialInstruments 2023-07-31 10613040 frs-core:Non-currentFinancialInstruments 2023-07-31 10613040 frs-core:ShareCapital 2023-07-31 10613040 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10613040
Student Life Plymouth Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10613040
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,645 16,245
Tangible Assets 5 6,564 5,262
18,209 21,507
CURRENT ASSETS
Debtors 6 87,223 98,500
Cash at bank and in hand 91,949 14,801
179,172 113,301
Creditors: Amounts Falling Due Within One Year 7 (81,832 ) (47,034 )
NET CURRENT ASSETS (LIABILITIES) 97,340 66,267
TOTAL ASSETS LESS CURRENT LIABILITIES 115,549 87,774
Creditors: Amounts Falling Due After More Than One Year 8 (29,508 ) (33,851 )
NET ASSETS 86,041 53,923
CAPITAL AND RESERVES
Called up share capital 9 15 15
Profit and Loss Account 86,026 53,908
SHAREHOLDERS' FUNDS 86,041 53,923
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 Kevin Bateman
Director
22 April 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
Student Life Plymouth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10613040 . The registered office is 92 North Hill, Plymouth, PL4 8EX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
The company recognises revenue when:
The amount of revenue can be reliably measured;
is is probable that future economic benefits will flow into the entity;
and specific criteria have been met for each of the company's activities.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less estimated residual value, over their useful life as follows:
Asset class
Amortisation method and rate
Goodwill
10% straight line
2.5. 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 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.6. 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 tax is 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 46,000
As at 31 July 2024 46,000
Amortisation
As at 1 August 2023 29,755
Provided during the period 4,600
As at 31 July 2024 34,355
Net Book Value
As at 31 July 2024 11,645
As at 1 August 2023 16,245
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 11,440 9,958 21,398
Additions - 3,113 3,113
As at 31 July 2024 11,440 13,071 24,511
Depreciation
As at 1 August 2023 9,642 6,494 16,136
Provided during the period 450 1,361 1,811
As at 31 July 2024 10,092 7,855 17,947
Net Book Value
As at 31 July 2024 1,348 5,216 6,564
As at 1 August 2023 1,798 3,464 5,262
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 87,223 98,500
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2
Bank loans and overdrafts 6,439 6,439
Other creditors 35,777 33,335
Taxation and social security 39,616 7,258
81,832 47,034
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,508 33,851
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15 15
Page 5