Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12010695 Mrs Rachael Loveland Mr Ayman Al-Kareem Mr Mark Khano Mr Matthew Loveland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12010695 2023-12-31 12010695 2024-12-31 12010695 2024-01-01 2024-12-31 12010695 frs-core:CurrentFinancialInstruments 2024-12-31 12010695 frs-core:Non-currentFinancialInstruments 2024-12-31 12010695 frs-core:ComputerEquipment 2024-12-31 12010695 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12010695 frs-core:ComputerEquipment 2023-12-31 12010695 frs-core:FurnitureFittings 2024-12-31 12010695 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12010695 frs-core:FurnitureFittings 2023-12-31 12010695 frs-core:ShareCapital 2024-12-31 12010695 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12010695 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12010695 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12010695 frs-bus:SmallEntities 2024-01-01 2024-12-31 12010695 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12010695 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12010695 frs-bus:Director1 2024-01-01 2024-12-31 12010695 frs-bus:Director2 2024-01-01 2024-12-31 12010695 frs-bus:Director2 2023-12-31 12010695 frs-bus:Director2 2024-12-31 12010695 frs-bus:Director3 2024-01-01 2024-12-31 12010695 frs-bus:Director4 2024-01-01 2024-12-31 12010695 frs-bus:Director4 2023-12-31 12010695 frs-bus:Director4 2024-12-31 12010695 frs-countries:EnglandWales 2024-01-01 2024-12-31 12010695 2022-12-31 12010695 2023-12-31 12010695 2023-01-01 2023-12-31 12010695 frs-core:CurrentFinancialInstruments 2023-12-31 12010695 frs-core:Non-currentFinancialInstruments 2023-12-31 12010695 frs-core:ShareCapital 2023-12-31 12010695 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12010695
Experience Adventures Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Verve Accountancy Limited
39 Northgate
White Lund
Morecambe
Lancashire
LA3 3PA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12010695
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 796 1,188
796 1,188
CURRENT ASSETS
Debtors 5 75,820 42,382
Cash at bank and in hand 579,167 866,401
654,987 908,783
Creditors: Amounts Falling Due Within One Year 6 (219,251 ) (340,680 )
NET CURRENT ASSETS (LIABILITIES) 435,736 568,103
TOTAL ASSETS LESS CURRENT LIABILITIES 436,532 569,291
Creditors: Amounts Falling Due After More Than One Year 7 - (29,639 )
NET ASSETS 436,532 539,652
CAPITAL AND RESERVES
Called up share capital 8 30,000 30,000
Profit and Loss Account 406,532 509,652
SHAREHOLDERS' FUNDS 436,532 539,652
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 Matthew Loveland
Director
3rd September 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
Experience Adventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12010695 . The registered office is 17 St Anthonys Close, Milnthorpe, Cumbria, LA7 7DT.
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 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.
2.3. 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 33% Reducing balance
Computer Equipment 33% Reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 2,112 3,252 5,364
As at 31 December 2024 2,112 3,252 5,364
Depreciation
As at 1 January 2024 1,686 2,490 4,176
Provided during the period 141 251 392
As at 31 December 2024 1,827 2,741 4,568
Net Book Value
As at 31 December 2024 285 511 796
As at 1 January 2024 426 762 1,188
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 75,820 42,382
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3 1,137
Bank loans and overdrafts - 5,472
Other creditors 218,524 248,258
Taxation and social security 724 85,813
219,251 340,680
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 29,639
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,000 30,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mrs Rachael Loveland 29,369 117,604 110,407 - 36,566
Mr Mark Khano - 30,823 - - 30,823
The above loan is unsecured, interest free and repayable on demand. All Director's Loan Accounts are to be repaid within 9 months.
Page 5