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Ready Steady Go Pre-Schools Limited
Financial Statements
For The Year Ended 31 August 2025
Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07183248
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,013 24,915
27,013 24,915
CURRENT ASSETS
Debtors 5 92,388 81,211
Cash at bank and in hand 540,122 399,443
632,510 480,654
Creditors: Amounts Falling Due Within One Year 6 (724,465 ) (589,787 )
NET CURRENT ASSETS (LIABILITIES) (91,955 ) (109,133 )
TOTAL ASSETS LESS CURRENT LIABILITIES (64,942 ) (84,218 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,849 ) (913 )
NET LIABILITIES (67,791 ) (85,131 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (67,792 ) (85,132 )
SHAREHOLDERS' FUNDS (67,791) (85,131)
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Page 2
For the year ending 31 August 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
D Silverton
Director
27 May 2026
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
Ready Steady Go Pre-Schools Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07183248 . The registered office is Primrose Hill Business Centre, 110 Gloucester Avenue, London, NW1 8HX.
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 company made a profit for the period ended 31 August 2025 and had net liabilities of £67,791 at that date. The directors are hopeful that the company will continue to be profitable in the future as all pre-schools operated by the company are at almost full capacity for the academic year to August 2026. Additionally, with the fourth centre recently being opened, revenues are expected to increase for the 2026 year ends. Based on the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
2.3. Turnover
Turnover comprises the fair value of consideration receivable for the provision of childcare services and of rental income received or receivable in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts. The company recognises childcare fees evenly over the period to which they relate. Rental income is recognised evenly over the period of the lease or license.
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:
Plant & Machinery Straight line over 4 years
Fixtures & Fittings Straight line over 4 years
Computer Equipment Straight line over 4 years
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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.7. Government Grant
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.
2.8. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.9. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.10. Operating lease agreements
Rents applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 47 (2024: 39)
47 39
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 19,507 19,972 17,532 57,011
Additions 5,165 8,879 2,869 16,913
As at 31 August 2025 24,672 28,851 20,401 73,924
Depreciation
As at 1 September 2024 13,478 7,355 11,263 32,096
Provided during the period 5,093 5,695 4,027 14,815
As at 31 August 2025 18,571 13,050 15,290 46,911
Net Book Value
As at 31 August 2025 6,101 15,801 5,111 27,013
As at 1 September 2024 6,029 12,617 6,269 24,915
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 84,725 41,060
Other debtors 7,663 40,151
92,388 81,211
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 21,884 7,874
Other creditors 677,996 564,822
Taxation and social security 24,585 17,091
724,465 589,787
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 100,020 100,020
Later than one year and not later than five years 368,830 400,080
Later than five years 18,765 163,194
487,615 663,294
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Mr Daniel Silverton - 319 - - 319
Jennifer Silverton - 189 - - 189
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