Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11474151 Mr Lee Brock Mr Lee Brock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11474151 2022-07-31 11474151 2023-07-31 11474151 2022-08-01 2023-07-31 11474151 frs-core:Non-currentFinancialInstruments 2023-07-31 11474151 frs-core:ShareCapital 2023-07-31 11474151 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11474151 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11474151 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 11474151 frs-bus:SmallEntities 2022-08-01 2023-07-31 11474151 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11474151 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11474151 frs-bus:Director1 2022-08-01 2023-07-31 11474151 frs-bus:Director2 2022-08-01 2023-07-31 11474151 frs-countries:EnglandWales 2022-08-01 2023-07-31 11474151 2021-07-31 11474151 2022-07-31 11474151 2021-08-01 2022-07-31 11474151 frs-core:Non-currentFinancialInstruments 2022-07-31 11474151 frs-core:ShareCapital 2022-07-31 11474151 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 11474151
L.B RIGGING SERVICES LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 11474151
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 8,040 11,381
Cash at bank and in hand 416 710
8,456 12,091
Creditors: Amounts Falling Due Within One Year (3,188 ) (3,822 )
NET CURRENT ASSETS (LIABILITIES) 5,268 8,269
TOTAL ASSETS LESS CURRENT LIABILITIES 5,268 8,269
Creditors: Amounts Falling Due After More Than One Year (5,426 ) (8,237 )
NET (LIABILITIES)/ASSETS (158 ) 32
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss Account (159 ) 31
SHAREHOLDERS' FUNDS (158) 32
Page 1
Page 2
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Lee Brock
Director
21/03/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
L.B RIGGING SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11474151 . The registered office is 92 Beaumont Park, Littlehampton, BN17 6PH.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the business activities for the company continue as normal. The company meets its day to day working capital requirements through continued support from the company's director. The financial statements are prepared on the going concern basis as support from the company's director to provide financial support to the company in order that it can continue to trade and meet its liabilities as they fall due. This support will continue for a period of at least 12 months from the date of approval of these financial statements. The financial statements do not include any adjustments that would result from a withdrawal of the facility by the company's director.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned  from the rendering of services. Turnover is reduced for estimated customer 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
5. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid - 2,260
- 2,260
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