Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 10570864 Mrs Gemma Ganley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10570864 2022-03-31 10570864 2023-03-31 10570864 2022-04-01 2023-03-31 10570864 frs-core:CurrentFinancialInstruments 2023-03-31 10570864 frs-core:Non-currentFinancialInstruments 2023-03-31 10570864 frs-core:BetweenOneFiveYears 2023-03-31 10570864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 10570864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10570864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-03-31 10570864 frs-core:PlantMachinery 2023-03-31 10570864 frs-core:PlantMachinery 2022-04-01 2023-03-31 10570864 frs-core:PlantMachinery 2022-03-31 10570864 frs-core:ShareCapital 2023-03-31 10570864 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10570864 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10570864 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 10570864 frs-bus:SmallEntities 2022-04-01 2023-03-31 10570864 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10570864 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10570864 frs-bus:Director1 2022-04-01 2023-03-31 10570864 frs-core:CurrentFinancialInstruments 1 2023-03-31 10570864 frs-core:CurrentFinancialInstruments 2 2023-03-31 10570864 frs-core:CurrentFinancialInstruments 3 2023-03-31 10570864 frs-countries:EnglandWales 2022-04-01 2023-03-31 10570864 2021-03-31 10570864 2022-03-31 10570864 2021-04-01 2022-03-31 10570864 frs-core:CurrentFinancialInstruments 2022-03-31 10570864 frs-core:Non-currentFinancialInstruments 2022-03-31 10570864 frs-core:BetweenOneFiveYears 2022-03-31 10570864 frs-core:ShareCapital 2022-03-31 10570864 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31 10570864 frs-core:CurrentFinancialInstruments 1 2022-03-31 10570864 frs-core:CurrentFinancialInstruments 2 2022-03-31 10570864 frs-core:CurrentFinancialInstruments 3 2022-03-31
Registered number: 10570864
Love Lily Cake Design Limited
Financial Statements
For The Year Ended 31 March 2023
KP Simpson South Shields Ltd
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10570864
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 339,235 207,161
339,235 207,161
CURRENT ASSETS
Stocks 5 28,500 16,500
Debtors 6 87,397 67,924
Cash at bank and in hand 115,083 168,169
230,980 252,593
Creditors: Amounts Falling Due Within One Year 7 (219,768 ) (143,758 )
NET CURRENT ASSETS (LIABILITIES) 11,212 108,835
TOTAL ASSETS LESS CURRENT LIABILITIES 350,447 315,996
Creditors: Amounts Falling Due After More Than One Year 8 (39,171 ) (86,994 )
NET ASSETS 311,276 229,002
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 311,176 228,902
SHAREHOLDERS' FUNDS 311,276 229,002
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For the year ending 31 March 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 her 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 Gemma Ganley
Director
27/12/2023
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. General Information
Love Lily Cake Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10570864 . The registered office is 1 Pier Point Marine Walk, Sunderland, Tyne & Wear, SR6 0PP.
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:
Freehold 0%
Plant & Machinery 10% 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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 12)
12 12
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2022 62,548 184,121 246,669
Additions - 162,817 162,817
As at 31 March 2023 62,548 346,938 409,486
Depreciation
As at 1 April 2022 - 39,508 39,508
Provided during the period - 30,743 30,743
As at 31 March 2023 - 70,251 70,251
Net Book Value
As at 31 March 2023 62,548 276,687 339,235
As at 1 April 2022 62,548 144,613 207,161
5. Stocks
2023 2022
£ £
Materials 28,500 16,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 1,223
Prepayments and accrued income 5,554 2,598
Other debtors 41,667 40,444
Loan 40,176 20,000
VAT - 3,659
87,397 67,924
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 40,779 31,075
Bank loans and overdrafts 51,671 69,882
Other taxes and social security 11,738 6,475
VAT 7,279 -
Other creditors 46,743 481
Credit Card 49 17
Pension 2,564 66
Accruals and deferred income 2,493 2,500
Director's loan account 56,452 33,262
219,768 143,758
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,156 13,196
Bank loans 33,015 41,667
Corporation tax - 32,131
39,171 86,994
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 6,156 13,196
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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