Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11124105 Mr Luke Parr iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11124105 2022-12-31 11124105 2023-12-31 11124105 2023-01-01 2023-12-31 11124105 frs-core:CurrentFinancialInstruments 2023-12-31 11124105 frs-core:ComputerEquipment 2023-12-31 11124105 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11124105 frs-core:ComputerEquipment 2022-12-31 11124105 frs-core:MotorVehicles 2023-12-31 11124105 frs-core:MotorVehicles 2023-01-01 2023-12-31 11124105 frs-core:MotorVehicles 2022-12-31 11124105 frs-core:PlantMachinery 2023-12-31 11124105 frs-core:PlantMachinery 2023-01-01 2023-12-31 11124105 frs-core:PlantMachinery 2022-12-31 11124105 frs-core:ShareCapital 2023-12-31 11124105 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11124105 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11124105 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11124105 frs-bus:SmallEntities 2023-01-01 2023-12-31 11124105 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11124105 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11124105 frs-bus:Director1 2023-01-01 2023-12-31 11124105 frs-bus:Director1 2022-12-31 11124105 frs-bus:Director1 2023-12-31 11124105 frs-countries:EnglandWales 2023-01-01 2023-12-31 11124105 2021-12-31 11124105 2022-12-31 11124105 2022-01-01 2022-12-31 11124105 frs-core:CurrentFinancialInstruments 2022-12-31 11124105 frs-core:ShareCapital 2022-12-31 11124105 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11124105
L P Film Services Ltd
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11124105
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,166 12,378
9,166 12,378
CURRENT ASSETS
Debtors 5 26,533 26,491
Cash at bank and in hand 4,727 11,907
31,260 38,398
Creditors: Amounts Falling Due Within One Year 6 (15,169 ) (15,287 )
NET CURRENT ASSETS (LIABILITIES) 16,091 23,111
TOTAL ASSETS LESS CURRENT LIABILITIES 25,257 35,489
NET ASSETS 25,257 35,489
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 25,157 35,389
SHAREHOLDERS' FUNDS 25,257 35,489
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For the year ending 31 December 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 Parr
Director
10/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
L P Film Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11124105 . The registered office is Wellington House , 273-275 High Street, London Colney St Albans, Hertfordshire, AL2 1HA.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 18,187 30,000 3,340 51,527
Additions - - 168 168
As at 31 December 2023 18,187 30,000 3,508 51,695
Depreciation
As at 1 January 2023 13,873 22,881 2,395 39,149
Provided during the period 1,079 1,780 521 3,380
As at 31 December 2023 14,952 24,661 2,916 42,529
Net Book Value
As at 31 December 2023 3,235 5,339 592 9,166
As at 1 January 2023 4,314 7,119 945 12,378
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,083 2,041
Other debtors 24,450 24,450
26,533 26,491
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 30
Corporation tax 9,261 10,808
VAT 4,533 3,403
Accruals and deferred income 1,260 359
Director's loan account 115 687
15,169 15,287
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Luke Parr (687 ) 63,449 (62,877 ) - (115 )
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