Acorah Software Products - Accounts Production 12.4.002 false 7 September 2020 30 September 2021 30 September 2021 12860072 Mr Lloyd Sprague Mrs Wendy Sprague iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12860072 2020-09-06 12860072 2021-09-30 12860072 2020-09-07 2021-09-30 12860072 frs-core:CurrentFinancialInstruments 2021-09-30 12860072 frs-core:CurrentFinancialInstruments 2020-09-07 2021-09-30 12860072 frs-core:Non-currentFinancialInstruments 2021-09-30 12860072 frs-core:Non-currentFinancialInstruments 2020-09-07 2021-09-30 12860072 frs-core:CurrentFinancialInstruments 2020-09-07 2021-09-30 12860072 frs-core:CurrentFinancialInstruments 2021-09-30 12860072 frs-core:AfterOneYear 2020-09-07 2021-09-30 12860072 frs-core:BetweenOneFiveYears 2020-09-07 2021-09-30 12860072 frs-core:BetweenOneFiveYears 2021-09-30 12860072 frs-core:ComputerEquipment 2021-09-30 12860072 frs-core:ComputerEquipment 2020-09-07 2021-09-30 12860072 frs-core:ComputerEquipment 2020-09-06 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Registered number: 12860072
Ls Algo Trading Ltd
Financial Statements
For the Period 7 September 2020 to 30 September 2021
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12860072
30 September 2021
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,703
1,703
CURRENT ASSETS
Debtors 6 5,127
Cash at bank and in hand 44,390
49,517
Creditors: Amounts Falling Due Within One Year 7 (10,015 )
NET CURRENT ASSETS (LIABILITIES) 39,502
TOTAL ASSETS LESS CURRENT LIABILITIES 41,205
NET ASSETS 41,205
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account 41,105
SHAREHOLDERS' FUNDS 41,205
Page 1
Page 2
For the period ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Lloyd Sprague
Director
7th September 2022
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
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. 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:
Computer Equipment over 3 years
1.4. 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 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.
1.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL
-
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 7 September 2020 -
Additions 2,554
As at 30 September 2021 2,554
Depreciation
As at 7 September 2020 -
Provided during the period 851
As at 30 September 2021 851
Net Book Value
As at 30 September 2021 1,703
As at 7 September 2020 -
5. Investments
Other
£
Cost
As at 7 September 2020 -
Additions 151,000
Disposals (151,000)
As at 30 September 2021 -
Provision
As at 7 September 2020 -
As at 30 September 2021 -
Net Book Value
As at 30 September 2021 -
As at 7 September 2020 -
6. Debtors
30 September 2021
£
Due within one year
Other debtors 5,127
5,127
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Page 5
7. Creditors: Amounts Falling Due Within One Year
30 September 2021
£
Corporation tax 9,115
Accruals and deferred income 900
10,015
8. Share Capital
30 September 2021
Allotted, Called up and fully paid 100
9. General Information
Ls Algo Trading Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12860072 . The registered office is R & J Business Solutions, North Street, Langport, TA10 9RL.
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