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 10703591 J Veale R Millett true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10703591 2022-12-31 10703591 2023-12-31 10703591 2023-01-01 2023-12-31 10703591 frs-core:CurrentFinancialInstruments 2023-12-31 10703591 frs-core:ComputerEquipment 2023-12-31 10703591 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10703591 frs-core:ComputerEquipment 2022-12-31 10703591 frs-core:ShareCapital 2023-12-31 10703591 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10703591 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10703591 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10703591 frs-bus:SmallEntities 2023-01-01 2023-12-31 10703591 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10703591 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10703591 1 2023-01-01 2023-12-31 10703591 frs-bus:Director1 2023-01-01 2023-12-31 10703591 frs-bus:Director2 2023-01-01 2023-12-31 10703591 frs-countries:EnglandWales 2023-01-01 2023-12-31 10703591 2021-12-31 10703591 2022-12-31 10703591 2022-01-01 2022-12-31 10703591 frs-core:CurrentFinancialInstruments 2022-12-31 10703591 frs-core:ShareCapital 2022-12-31 10703591 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10703591
Lighthouse Instruments Europe Limited
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: 10703591
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,148 2,021
1,148 2,021
CURRENT ASSETS
Debtors 5 52,041 8,236
Cash at bank and in hand 11,227 45,650
63,268 53,886
Creditors: Amounts Falling Due Within One Year 6 (28,895 ) (25,744 )
NET CURRENT ASSETS (LIABILITIES) 34,373 28,142
TOTAL ASSETS LESS CURRENT LIABILITIES 35,521 30,163
NET ASSETS 35,521 30,163
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 35,421 30,063
SHAREHOLDERS' FUNDS 35,521 30,163
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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 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
R Millett
Director
25 March 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
Lighthouse Instruments Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10703591 . The registered office is Marine House, 151 Western Road, Haywards Heath, West Sussex, RH16 3LH.
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:
Computer Equipment 25% 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: 3 (2022: 3)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 8,209
As at 31 December 2023 8,209
Depreciation
As at 1 January 2023 6,188
Provided during the period 873
As at 31 December 2023 7,061
Net Book Value
As at 31 December 2023 1,148
As at 1 January 2023 2,021
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 51,811 7,986
Other debtors 230 250
52,041 8,236
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,507 1,234
Other creditors 18,638 18,266
Taxation and social security 6,750 6,244
28,895 25,744
7. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £545 (2022: £472) were due to the fund. They are included in Other Creditors.
8. Ultimate Controlling Party
The Company is wholly owned by Lighthouse Instruments B.V., incorporated in the Netherlands. The address of Lighthouse Instruments B.V. is 406 Science Park, Amsterdam, Netherlands, 1098XH. Lighthouse Instruments B.V. is wholly owned by Lighthouse Instruments L.L.C. which is the ultimate holding company of the group. The address of Lighthouse Instruments L.L.C is 442 Moseley Drive, 22903 Charlottesville, USA.
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