Acorah Software Products - Accounts Production 7.0.012 false true 1 April 2017 31 March 2018 31 March 2018 05398634 Mr Miles Guerrini Mrs Helen Guerrini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05398634 2017-03-31 05398634 2018-03-31 05398634 2017-04-01 2018-03-31 05398634 frs-core:CurrentFinancialInstruments 2018-03-31 05398634 frs-core:CurrentFinancialInstruments 2017-04-01 2018-03-31 05398634 frs-core:Non-currentFinancialInstruments 2018-03-31 05398634 frs-core:Non-currentFinancialInstruments 2017-04-01 2018-03-31 05398634 frs-core:CurrentFinancialInstruments 2017-04-01 2018-03-31 05398634 frs-core:CurrentFinancialInstruments 2018-03-31 05398634 frs-core:AfterOneYear 2017-04-01 2018-03-31 05398634 frs-core:BetweenOneFiveYears 2017-04-01 2018-03-31 05398634 frs-core:BetweenOneFiveYears 2018-03-31 05398634 frs-core:ComputerEquipment 2018-03-31 05398634 frs-core:ComputerEquipment 2017-04-01 2018-03-31 05398634 frs-core:ComputerEquipment 2017-03-31 05398634 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Registered number: 05398634
Acorns Nursery School Limited
Unaudited Financial Statements
For The Year Ended 31 March 2018
Park Lane Accountants Limited

Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Balance Sheet
Registered number: 05398634
2018 2017
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,180,763 1,173,719
1,180,763 1,173,719
CURRENT ASSETS
Debtors 5 7,106 2,992
Cash at bank and in hand 29,844 21,242
36,950 24,234
Creditors: Amounts Falling Due Within One Year 6 (49,008 ) (32,765 )
NET CURRENT ASSETS (LIABILITIES) (12,058 ) (8,531 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,168,705 1,165,188
Creditors: Amounts Falling Due After More Than One Year 7 (801,104 ) (889,827 )
NET ASSETS 367,601 275,361
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 367,599 275,359
SHAREHOLDERS' FUNDS 367,601 275,361
Page 1
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 Miles Guerrini
06/11/2018

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 No Depreciation
Plant & Machinery 15% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 15% Straight Line
Computer Equipment 15% Straight Line
Page 3
1.5. 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 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2018 2017
Office and administration 31 30
31 30
3. Intangible Assets
Goodwill
£
Cost
As at 1 April 2017 30,000
As at 31 March 2018 30,000
Amortisation
As at 1 April 2017 30,000
As at 31 March 2018 30,000
Net Book Value
As at 31 March 2018 -
As at 1 April 2017 -
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2017 1,156,622 8,810 6,845 41,768
Additions - 7,759 - 1,643
As at 31 March 2018 1,156,622 16,569 6,845 43,411
Depreciation
As at 1 April 2017 - 4,363 2,859 37,116
Provided during the period - 2,350 854 1,318
As at 31 March 2018 - 6,713 3,713 38,434
Net Book Value
As at 31 March 2018 1,156,622 9,856 3,132 4,977
As at 1 April 2017 1,156,622 4,447 3,986 4,652
Computer Equipment Total
£ £
Cost
As at 1 April 2017 6,466 1,220,511
Additions 3,687 13,089
As at 31 March 2018 10,153 1,233,600
Depreciation
As at 1 April 2017 2,454 46,792
Provided during the period 1,523 6,045
As at 31 March 2018 3,977 52,837
Net Book Value
As at 31 March 2018 6,176 1,180,763
As at 1 April 2017 4,012 1,173,719
Page 5
5. Debtors
2018 2017
£ £
Due within one year
Prepayments and accrued income 4,177 2,992
Other debtors (1) 460 -
Other debtors (2) 157 -
Other taxes and social security 2,312 -
7,106 2,992
6. Creditors: Amounts Falling Due Within One Year
2018 2017
£ £
Trade creditors 14,731 7,557
Corporation tax 27,408 15,806
Other taxes and social security - 189
Other creditors/NEST (2) (Current liabilities - creditors < 1 year) 1,066 473
Other creditors (5) 4,424 5,918
Accruals and deferred income 1,379 2,822
49,008 32,765
7. Creditors: Amounts Falling Due After More Than One Year
2018 2017
£ £
Bank loans 799,641 834,118
Directors loan account 1,463 55,709
801,104 889,827
8. Share Capital
2018 2017
Allotted, Called up and fully paid 2 2
9. Ultimate Controlling Party
The company's ultimate controlling parties are the directors by virtue of his ownership of 100% of the issued share capital in the company.
10. General Information
Acorns Nursery School Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05398634. The registered office is 10 Park Street, Cirencester, Gloucestershire, GL7 2BN.
Page 6