Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 14003384 B Evans S Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14003384 2025-03-31 14003384 2026-03-31 14003384 2025-04-01 2026-03-31 14003384 frs-core:CurrentFinancialInstruments 2026-03-31 14003384 frs-core:ComputerEquipment 2026-03-31 14003384 frs-core:ComputerEquipment 2025-04-01 2026-03-31 14003384 frs-core:ComputerEquipment 2025-03-31 14003384 frs-core:FurnitureFittings 2026-03-31 14003384 frs-core:FurnitureFittings 2025-04-01 2026-03-31 14003384 frs-core:FurnitureFittings 2025-03-31 14003384 frs-core:PlantMachinery 2026-03-31 14003384 frs-core:PlantMachinery 2025-04-01 2026-03-31 14003384 frs-core:PlantMachinery 2025-03-31 14003384 frs-core:ShareCapital 2026-03-31 14003384 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 14003384 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 14003384 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 14003384 frs-bus:SmallEntities 2025-04-01 2026-03-31 14003384 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 14003384 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 14003384 frs-bus:Director1 2025-04-01 2026-03-31 14003384 frs-bus:Director2 2025-04-01 2026-03-31 14003384 frs-countries:EnglandWales 2025-04-01 2026-03-31 14003384 2024-03-31 14003384 2025-03-31 14003384 2024-04-01 2025-03-31 14003384 frs-core:CurrentFinancialInstruments 2025-03-31 14003384 frs-core:ShareCapital 2025-03-31 14003384 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 14003384
Governance Training And Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 14003384
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,994 11,182
7,994 11,182
CURRENT ASSETS
Debtors 5 21,494 21,660
Cash at bank and in hand 80,422 50,904
101,916 72,564
Creditors: Amounts Falling Due Within One Year 6 (20,488 ) (19,306 )
NET CURRENT ASSETS (LIABILITIES) 81,428 53,258
TOTAL ASSETS LESS CURRENT LIABILITIES 89,422 64,440
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,519 ) (2,124 )
NET ASSETS 87,903 62,316
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 87,803 62,216
SHAREHOLDERS' FUNDS 87,903 62,316
Page 1
Page 2
For the year ending 31 March 2026 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
S Evans
Director
10 July 2026
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
Governance Training And Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14003384 . The registered office is Stanway House Almondsbury Business Centre, Woodlands, Bristol, BS32 4QH.
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.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & Machinery 20% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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 income statement 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 income statement as incurred.
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: 2 (2025: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 1,496 1,146 11,356 13,998
Additions - - 276 276
As at 31 March 2026 1,496 1,146 11,632 14,274
Depreciation
As at 1 April 2025 25 24 2,767 2,816
Provided during the period 299 286 2,879 3,464
As at 31 March 2026 324 310 5,646 6,280
Net Book Value
As at 31 March 2026 1,172 836 5,986 7,994
As at 1 April 2025 1,471 1,122 8,589 11,182
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 19,098 19,554
Other debtors 2,396 2,106
21,494 21,660
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 2,543 2,660
Other creditors 531 4,874
Taxation and social security 17,414 11,772
20,488 19,306
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
At the year-end date, the total future minimum lease payments under non-cancellable operating leases were as following: £32,903 (2025: £41,331).
9. Related Party Transactions
At the end of the financial year, the Company owed the directors £531 (2025: £169). This loan is unsecured, interest free and repayable on demand.
Page 5