Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 24 September 2021 false 1 October 2022 30 September 2023 30 September 2023 13641490 Mr Luke Hinds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13641490 2022-09-30 13641490 2023-09-30 13641490 2022-10-01 2023-09-30 13641490 frs-core:CurrentFinancialInstruments 2023-09-30 13641490 frs-core:Non-currentFinancialInstruments 2023-09-30 13641490 frs-core:BetweenOneFiveYears 2023-09-30 13641490 frs-core:MotorVehicles 2023-09-30 13641490 frs-core:MotorVehicles 2022-10-01 2023-09-30 13641490 frs-core:MotorVehicles 2022-09-30 13641490 frs-core:PlantMachinery 2023-09-30 13641490 frs-core:PlantMachinery 2022-10-01 2023-09-30 13641490 frs-core:PlantMachinery 2022-09-30 13641490 frs-core:WithinOneYear 2023-09-30 13641490 frs-core:ShareCapital 2023-09-30 13641490 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13641490 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13641490 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 13641490 frs-bus:SmallEntities 2022-10-01 2023-09-30 13641490 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13641490 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 13641490 frs-bus:Director1 2022-10-01 2023-09-30 13641490 frs-countries:EnglandWales 2022-10-01 2023-09-30 13641490 2021-09-23 13641490 2022-09-30 13641490 2021-09-24 2022-09-30 13641490 frs-core:CurrentFinancialInstruments 2022-09-30 13641490 frs-core:Non-currentFinancialInstruments 2022-09-30 13641490 frs-core:BetweenOneFiveYears 2022-09-30 13641490 frs-core:WithinOneYear 2022-09-30 13641490 frs-core:ShareCapital 2022-09-30 13641490 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 13641490
LH Construction (SW) Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Trek Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13641490
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,770 38,744
31,770 38,744
CURRENT ASSETS
Debtors 5 16,830 8,278
Cash at bank and in hand 13,488 10,630
30,318 18,908
Creditors: Amounts Falling Due Within One Year 6 (21,142 ) (19,303 )
NET CURRENT ASSETS (LIABILITIES) 9,176 (395 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,946 38,349
Creditors: Amounts Falling Due After More Than One Year 7 (7,572 ) (11,856 )
NET ASSETS 33,374 26,493
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 33,373 26,492
SHAREHOLDERS' FUNDS 33,374 26,493
Page 1
Page 2
For the year ending 30 September 2023 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 Luke Hinds
Director
3rd April 2024
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
LH Construction (SW) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13641490 . The registered office is Suite 2 The Barbican Centre Lustleigh Close, Marsh Barton Trading Estate, Exeter, Devon, EX2 8PW.
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:
Plant & Machinery 18% Reducing balance
Motor Vehicles 18% Reducing balance
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 profit and loss account 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 profit and loss account as incurred.
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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2022 10,250 36,999 47,249
As at 30 September 2023 10,250 36,999 47,249
Depreciation
As at 1 October 2022 1,845 6,660 8,505
Provided during the period 1,513 5,461 6,974
As at 30 September 2023 3,358 12,121 15,479
Net Book Value
As at 30 September 2023 6,892 24,878 31,770
As at 1 October 2022 8,405 30,339 38,744
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 8,278 8,278
VAT 8,552 -
16,830 8,278
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,797 4,797
Corporation tax 1,616 -
VAT - 7,174
Other creditors 1,352 1,496
Accruals and deferred income 1,500 1,620
Director's loan account 11,877 4,216
21,142 19,303
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,572 11,856
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,797 4,797
Later than one year and not later than five years 7,572 11,856
12,369 16,653
12,369 16,653
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5