Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 01673616 Mr Paul Gallina Mr Italo Gallina Mrs Gail Gallina Mrs Gail Gallina iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01673616 2023-12-31 01673616 2024-12-31 01673616 2024-01-01 2024-12-31 01673616 frs-core:CurrentFinancialInstruments 2024-12-31 01673616 frs-core:Non-currentFinancialInstruments 2024-12-31 01673616 frs-core:BetweenOneFiveYears 2024-12-31 01673616 frs-core:ComputerEquipment 2024-12-31 01673616 frs-core:ComputerEquipment 2024-01-01 2024-12-31 01673616 frs-core:ComputerEquipment 2023-12-31 01673616 frs-core:FurnitureFittings 2024-12-31 01673616 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01673616 frs-core:FurnitureFittings 2023-12-31 01673616 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 01673616 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01673616 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01673616 frs-core:MotorVehicles 2024-12-31 01673616 frs-core:MotorVehicles 2024-01-01 2024-12-31 01673616 frs-core:MotorVehicles 2023-12-31 01673616 frs-core:WithinOneYear 2024-12-31 01673616 frs-core:ShareCapital 2024-12-31 01673616 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01673616 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01673616 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01673616 frs-bus:SmallEntities 2024-01-01 2024-12-31 01673616 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01673616 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01673616 frs-bus:Director1 2024-01-01 2024-12-31 01673616 frs-bus:Director2 2024-01-01 2024-12-31 01673616 frs-bus:Director3 2024-01-01 2024-12-31 01673616 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 01673616 1 2024-01-01 2024-12-31 01673616 frs-core:CurrentFinancialInstruments 2 2024-12-31 01673616 frs-core:CurrentFinancialInstruments 3 2024-12-31 01673616 frs-core:CurrentFinancialInstruments 4 2024-12-31 01673616 frs-core:CurrentFinancialInstruments 7 2024-12-31 01673616 frs-countries:EnglandWales 2024-01-01 2024-12-31 01673616 2022-12-31 01673616 2023-12-31 01673616 2023-01-01 2023-12-31 01673616 frs-core:CurrentFinancialInstruments 2023-12-31 01673616 frs-core:Non-currentFinancialInstruments 2023-12-31 01673616 frs-core:BetweenOneFiveYears 2023-12-31 01673616 frs-core:WithinOneYear 2023-12-31 01673616 frs-core:ShareCapital 2023-12-31 01673616 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01673616 1 2023-01-01 2023-12-31 01673616 frs-core:CurrentFinancialInstruments 2 2023-12-31 01673616 frs-core:CurrentFinancialInstruments 3 2023-12-31 01673616 frs-core:CurrentFinancialInstruments 4 2023-12-31 01673616 frs-core:CurrentFinancialInstruments 5 2023-12-31 01673616 frs-core:CurrentFinancialInstruments 7 2023-12-31
Registered number: 01673616
Southbourne School of English Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Artema Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01673616
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,341,234 1,357,622
1,341,234 1,357,622
CURRENT ASSETS
Debtors 5 27,267 1,170
Cash at bank and in hand 712,666 609,110
739,933 610,280
Creditors: Amounts Falling Due Within One Year 6 (530,399 ) (336,759 )
NET CURRENT ASSETS (LIABILITIES) 209,534 273,521
TOTAL ASSETS LESS CURRENT LIABILITIES 1,550,768 1,631,143
Creditors: Amounts Falling Due After More Than One Year 7 (138,382 ) (207,647 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (872 ) (2,281 )
NET ASSETS 1,411,514 1,421,215
CAPITAL AND RESERVES
Called up share capital 10 300 300
Profit and Loss Account 1,411,214 1,420,915
SHAREHOLDERS' FUNDS 1,411,514 1,421,215
Page 1
Page 2
For the year ending 31 December 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 Paul Gallina
Director
04/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Southbourne School of English Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01673616 . The registered office is 1a Kingsbury's Lane, Ringwood, Hampshire, BH24 1EL.
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.

The Covid-19 pandemic has continued to have a significant adverse impact on the trade of the business during the year ended 31 December 2021, however this has not given rise to any conditions casing doubt on 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.
2.4. 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:
Freehold Not depreciated
Motor Vehicles 4 years straight line basis
Fixtures & Fittings 4 years straight line basis
Computer Equipment 4 years straight line basis
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
All staff 27 30
27 30
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 1,288,763 84,400 486,526 164,905 2,024,594
Additions - - - 3,552 3,552
As at 31 December 2024 1,288,763 84,400 486,526 168,457 2,028,146
Depreciation
As at 1 January 2024 - 20,840 484,208 161,924 666,972
Provided during the period - 17,738 873 1,329 19,940
As at 31 December 2024 - 38,578 485,081 163,253 686,912
...CONTINUED
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Page 5
Net Book Value
As at 31 December 2024 1,288,763 45,822 1,445 5,204 1,341,234
As at 1 January 2024 1,288,763 63,560 2,318 2,981 1,357,622
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 18,837 1,170
Other debtors - client account 5,000 -
Staff Loan 3,430 -
27,267 1,170
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,265 4,265
Trade creditors 37,981 1,700
Bank loans and overdrafts 65,000 65,000
Corporation tax 21,430 107,603
Other taxes and social security 7,497 5,536
Credit card 55 75
Pension contributions 1,596 574
American Express Card 3,399 -
Host Family Holding - 1,346
Cap On Tap Credit Card 132 -
Accruals and deferred income 386,850 148,860
Directors' loan accounts 2,194 1,800
530,399 336,759
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,299 50,564
Bank loans 92,083 157,083
138,382 207,647
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 157,083 222,084
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,265 4,265
Later than one year and not later than five years 46,299 50,564
50,564 54,829
50,564 54,829
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
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