Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11448885 Mrs YUNHUI ZHANG Ms CUI WAN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11448885 2022-07-31 11448885 2023-07-31 11448885 2022-08-01 2023-07-31 11448885 frs-core:CurrentFinancialInstruments 2023-07-31 11448885 frs-core:Non-currentFinancialInstruments 2023-07-31 11448885 frs-core:ComputerEquipment 2023-07-31 11448885 frs-core:ComputerEquipment 2022-08-01 2023-07-31 11448885 frs-core:ComputerEquipment 2022-07-31 11448885 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2023-07-31 11448885 frs-core:OtherResidualIntangibleAssets 2023-07-31 11448885 frs-core:OtherResidualIntangibleAssets 2022-08-01 2023-07-31 11448885 frs-core:OtherResidualIntangibleAssets 2022-07-31 11448885 frs-core:PlantMachinery 2023-07-31 11448885 frs-core:PlantMachinery 2022-08-01 2023-07-31 11448885 frs-core:PlantMachinery 2022-07-31 11448885 frs-core:OtherReservesSubtotal 2023-07-31 11448885 frs-core:ShareCapital 2023-07-31 11448885 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11448885 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11448885 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11448885 frs-bus:SmallEntities 2022-08-01 2023-07-31 11448885 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11448885 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11448885 frs-bus:Director1 2022-08-01 2023-07-31 11448885 frs-bus:Director2 2022-08-01 2023-07-31 11448885 frs-countries:EnglandWales 2022-08-01 2023-07-31 11448885 2021-07-31 11448885 2022-07-31 11448885 2021-08-01 2022-07-31 11448885 frs-core:CurrentFinancialInstruments 2022-07-31 11448885 frs-core:Non-currentFinancialInstruments 2022-07-31 11448885 frs-core:OtherReservesSubtotal 2022-07-31 11448885 frs-core:ShareCapital 2022-07-31 11448885 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 11448885
LITTLE LION EDUCATION LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
LABAIT PROFESSIONALS LIMITED
Institute of Financial Accountants
Unit 1
17 Castle Street
Chester
England
CH1 2DS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11448885
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 2,977 -
Tangible Assets 4 6,826 6,357
9,803 6,357
CURRENT ASSETS
Debtors 5 792 19,700
Cash at bank and in hand 62,112 118,238
62,904 137,938
Creditors: Amounts Falling Due Within One Year 6 (48,033 ) (108,844 )
NET CURRENT ASSETS (LIABILITIES) 14,871 29,094
TOTAL ASSETS LESS CURRENT LIABILITIES 24,674 35,451
Creditors: Amounts Falling Due After More Than One Year 7 (14,166 ) (19,166 )
NET ASSETS 10,508 16,285
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Other reserves 15,285 15,285
Profit and Loss Account (5,777 ) -
SHAREHOLDERS' FUNDS 10,508 16,285
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For the year ending 31 July 2023 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
Mrs YUNHUI ZHANG
Director
Ms CUI WAN
Director
04/04/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 - Other Intangible
Other intangible asset is a website. It is amortised to profit and loss account over its estimated economic life of 4 years.
1.4. 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 25% Straight Line
Computer Equipment 25% Straight Line
1.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments FRS 102' to all of its financial instrument.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liability are offset, with the net amounts present in the financial statements, when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balance, and initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instrument are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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1.6. 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: 13 (2022: 7)
13 7
3. Intangible Assets
Other
£
Cost
As at 1 August 2022 -
Additions 3,475
As at 31 July 2023 3,475
Amortisation
As at 1 August 2022 -
Provided during the period 498
As at 31 July 2023 498
Net Book Value
As at 31 July 2023 2,977
As at 1 August 2022 -
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 6,726 6,794 13,520
Additions 507 1,646 2,153
As at 31 July 2023 7,233 8,440 15,673
Depreciation
As at 1 August 2022 4,432 2,731 7,163
Provided during the period (308 ) 1,992 1,684
As at 31 July 2023 4,124 4,723 8,847
Net Book Value
As at 31 July 2023 3,109 3,717 6,826
As at 1 August 2022 2,294 4,063 6,357
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 414 -
Other debtors 378 4,415
Corporation tax recoverable assets - 15,285
792 19,700
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 5 9,027
VAT 25,991 19,727
Net wages 4,172 2,988
Other creditors 9,179 5,322
Accruals and deferred income 5,732 31,793
Directors' loan accounts 2,954 39,987
48,033 108,844
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,166 19,166
14,166 19,166
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
At the start of the accounting year,  the opening balance of the directors' loans owned by the company was £39,987. 
During the year,  £29,214.66 was paid to the director Yunhui Zhang and £11,996 was paid to the director Cui Wan. The company also borrowed £4,177.86 from the director Yunhui Zhang. 
The closing balance of directors' loans owned by the company at the end of the accounting year is £2,954.20.
10. General Information
LITTLE LION EDUCATION LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11448885 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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