Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04171148 Mr G M Cossey Ms H K Ehlers true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04171148 2023-08-31 04171148 2024-08-31 04171148 2023-09-01 2024-08-31 04171148 frs-core:CurrentFinancialInstruments 2024-08-31 04171148 frs-core:ComputerEquipment 2024-08-31 04171148 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04171148 frs-core:ComputerEquipment 2023-08-31 04171148 frs-core:FurnitureFittings 2024-08-31 04171148 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04171148 frs-core:FurnitureFittings 2023-08-31 04171148 frs-core:NetGoodwill 2024-08-31 04171148 frs-core:NetGoodwill 2023-09-01 2024-08-31 04171148 frs-core:NetGoodwill 2023-08-31 04171148 frs-core:ShareCapital 2024-08-31 04171148 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04171148 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04171148 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04171148 frs-bus:SmallEntities 2023-09-01 2024-08-31 04171148 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04171148 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04171148 1 2023-09-01 2024-08-31 04171148 frs-bus:Director1 2023-09-01 2024-08-31 04171148 frs-bus:Director2 2023-09-01 2024-08-31 04171148 frs-core:CurrentFinancialInstruments 9 2024-08-31 04171148 frs-countries:EnglandWales 2023-09-01 2024-08-31 04171148 2022-08-31 04171148 2023-08-31 04171148 2022-09-01 2023-08-31 04171148 frs-core:CurrentFinancialInstruments 2023-08-31 04171148 frs-core:ShareCapital 2023-08-31 04171148 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 04171148 frs-core:CurrentFinancialInstruments 9 2023-08-31
Registered number: 04171148
Places For Children Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04171148
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,006 27,514
Tangible Assets 5 7,403 8,900
18,409 36,414
CURRENT ASSETS
Debtors 6 1,103,691 1,097,384
Cash at bank and in hand 782,681 693,084
1,886,372 1,790,468
Creditors: Amounts Falling Due Within One Year 7 (115,907 ) (72,047 )
NET CURRENT ASSETS (LIABILITIES) 1,770,465 1,718,421
TOTAL ASSETS LESS CURRENT LIABILITIES 1,788,874 1,754,835
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,851 ) (2,225 )
NET ASSETS 1,787,023 1,752,610
CAPITAL AND RESERVES
Called up share capital 1,020 1,020
Profit and Loss Account 1,786,003 1,751,590
SHAREHOLDERS' FUNDS 1,787,023 1,752,610
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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 Profit and Loss Account.
On behalf of the board
Mr G M Cossey
Director
27/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Places For Children Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04171148 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
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. Significant judgements and estimations
No significant judgements have had to be made by the directors in preparing these financial statements.
The directors have made key assumptions in the determination of a pension creditor. The estimate relates to a defined contribution scheme and is ongoing.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013 is amortised to profit and loss account over its estimated economic life of 10 years from 1 April 2016.
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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment Straight line over 3 years
2.6. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 
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2.7. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 58 (2023: 52)
58 52
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 165,085
As at 31 August 2024 165,085
...CONTINUED
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Amortisation
As at 1 September 2023 137,571
Provided during the period 16,508
As at 31 August 2024 154,079
Net Book Value
As at 31 August 2024 11,006
As at 1 September 2023 27,514
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 56,252 21,357 77,609
Additions 982 1,333 2,315
As at 31 August 2024 57,234 22,690 79,924
Depreciation
As at 1 September 2023 49,728 18,981 68,709
Provided during the period 1,876 1,936 3,812
As at 31 August 2024 51,604 20,917 72,521
Net Book Value
As at 31 August 2024 5,630 1,773 7,403
As at 1 September 2023 6,524 2,376 8,900
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 73,492 106,942
Other debtors 2,190 -
Prepayments 8,034 359
Amounts owed by other participating interests 1,019,975 990,083
1,103,691 1,097,384
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,252 3,250
Corporation tax 41,545 17,776
Other taxes and social security 43,356 22,855
Other creditors 24,184 24,758
Accruals and deferred income 3,570 3,408
115,907 72,047
8. Other Commitments
The company is committed to paying £170,000 over the next 5 years under commercial lease agreements.
9. Related Party Transactions
Included in debtors is an amount of £390,432 (2023 - £373,293) due from Educatio Limited, a company which the directors are also directors.
Included in debtors is an amount of £339,769 (2023 - £332,829) due from PFC Developments Limited, a company which the directors are also directors.
Included in debtors is an amount of £289,774 (2023 - £283,960) due from Educ8us Ltd, a company which the directors are also directors.
During the year, dividends of £Nil (2023 - £1,500) were paid to the directors.
10. Ultimate Controlling Party
The company's ultimate controlling party is Educ8us Ltd.
11. Secured Debts
Barclays Security Trust Limited holds a fixed and floating charge over all the assets of the company.
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