Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04905838 Mr Hamait Ali Mr Waheed Azam Mr Safaraz Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04905838 2023-09-30 04905838 2024-09-30 04905838 2023-10-01 2024-09-30 04905838 frs-core:CurrentFinancialInstruments 2024-09-30 04905838 frs-core:ComputerEquipment 2024-09-30 04905838 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04905838 frs-core:ComputerEquipment 2023-09-30 04905838 frs-core:FurnitureFittings 2024-09-30 04905838 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04905838 frs-core:FurnitureFittings 2023-09-30 04905838 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04905838 frs-bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 04905838 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04905838 frs-bus:SmallEntities 2023-10-01 2024-09-30 04905838 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04905838 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04905838 frs-bus:Director1 2023-10-01 2024-09-30 04905838 frs-bus:Director2 2023-10-01 2024-09-30 04905838 frs-bus:Director3 2023-10-01 2024-09-30 04905838 frs-countries:EnglandWales 2023-10-01 2024-09-30 04905838 2022-09-30 04905838 2023-09-30 04905838 2022-10-01 2023-09-30 04905838 frs-core:CurrentFinancialInstruments 2023-09-30 04905838 frs-core:Non-currentFinancialInstruments 2023-09-30 04905838 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04905838
Pathway First Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04905838
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,425 68,674
47,425 68,674
CURRENT ASSETS
Debtors 5 173,673 400,900
Cash at bank and in hand 3,563,008 4,214,203
3,736,681 4,615,103
Creditors: Amounts Falling Due Within One Year 6 (482,919 ) (1,086,495 )
NET CURRENT ASSETS (LIABILITIES) 3,253,762 3,528,608
TOTAL ASSETS LESS CURRENT LIABILITIES 3,301,187 3,597,282
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,485 ) (8,677 )
NET ASSETS 3,292,702 3,588,605
Income Statement 3,292,702 3,588,605
MEMBERS' FUNDS 3,292,702 3,588,605
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For the year ending 30 September 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 Statement.
On behalf of the board
Mr Safaraz Ali
Director
26 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pathway First Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 04905838 . The registered office is Amington House 95 Amington Road, Tyseley, Birmingham, West Midlands, B25 8EP.
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 represents value, net of value added tax, of goods and services supplied to customers during the year.
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:
Fixtures & Fittings 25% per annum reducing balance
Computer Equipment 25% per annum reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit 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.
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2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 105 (2023: 145)
105 145
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 76,443 251,965 328,408
Disposals - (196 ) (196 )
As at 30 September 2024 76,443 251,769 328,212
Depreciation
As at 1 October 2023 61,290 198,444 259,734
Provided during the period 4,687 17,422 22,109
Disposals - (1,056 ) (1,056 )
As at 30 September 2024 65,977 214,810 280,787
Net Book Value
As at 30 September 2024 10,466 36,959 47,425
As at 1 October 2023 15,153 53,521 68,674
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,630 8,787
Prepayments and accrued income 140,080 113,854
Other debtors 16,963 16,259
173,673 138,900
Due after more than one year
Other debtor - 262,000
173,673 400,900
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 200,763 109,177
Corporation tax - 112,117
Other taxes and social security 136,921 280,774
Other creditors 143,675 549,432
Accruals 1,560 34,995
482,919 1,086,495
7. Company limited by guarantee
The company had no issued share capital and the members liability is limited 
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