Acorah Software Products - Accounts Production 16.3.350 false true true false 28 February 2024 28 February 2025 28 February 2025 15527771 Mr Tamunotonye Selema Mr David Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15527771 2024-02-27 15527771 2025-02-28 15527771 2024-02-28 2025-02-28 15527771 frs-core:CurrentFinancialInstruments 2025-02-28 15527771 frs-core:BetweenOneFiveYears 2025-02-28 15527771 frs-core:WithinOneYear 2025-02-28 15527771 frs-core:ShareCapital 2025-02-28 15527771 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 15527771 frs-bus:PrivateLimitedCompanyLtd 2024-02-28 2025-02-28 15527771 frs-bus:FilletedAccounts 2024-02-28 2025-02-28 15527771 frs-bus:SmallEntities 2024-02-28 2025-02-28 15527771 frs-bus:AuditExempt-NoAccountantsReport 2024-02-28 2025-02-28 15527771 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-28 2025-02-28 15527771 frs-bus:Director1 2024-02-28 2025-02-28 15527771 frs-bus:Director2 2024-02-28 2025-02-28 15527771 frs-countries:EnglandWales 2024-02-28 2025-02-28
Registered number: 15527771
Minds Education Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15527771
2025
Notes £ £
CURRENT ASSETS
Debtors 4 8,910
Cash at bank and in hand 877
9,787
Creditors: Amounts Falling Due Within One Year 5 (16,761 )
NET CURRENT ASSETS (LIABILITIES) (6,974 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,974 )
NET LIABILITIES (6,974 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (7,074 )
SHAREHOLDERS' FUNDS (6,974)
For the year ending 28 February 2025 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 Profit and Loss Account.
On behalf of the board
Mr David Hall
Director
8th April 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
Minds Education Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15527771 . The registered office is 203 London Road, Hadleigh, Benfleet, Essex, SS7 2RD.
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
4. Debtors
2025
£
Due within one year
Trade debtors 2,660
Other debtors 6,250
8,910
5. Creditors: Amounts Falling Due Within One Year
2025
£
Accruals and deferred income 3,733
Directors' loan accounts 13,028
16,761
6. Share Capital
2025
£
Allotted, Called up and fully paid 100
Page 2
Page 3
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025
£
Not later than one year 9,375
Later than one year and not later than five years 24,219
33,594
The non-cacellable operating lease relates to a 4 year lease for the company's office premises.
Page 3