Acorah Software Products - Accounts Production 14.5.601 false true 30 July 2022 31 July 2021 false 31 July 2022 30 July 2023 30 July 2023 04708813 Mrs Jacqueline Shopland-Reed Mr Richard Shopland-Reed Mrs Jacqueline Shopland-Reed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04708813 2022-07-30 04708813 2023-07-30 04708813 2022-07-31 2023-07-30 04708813 frs-core:CurrentFinancialInstruments 2023-07-30 04708813 frs-core:FurnitureFittings 2023-07-30 04708813 frs-core:FurnitureFittings 2022-07-31 2023-07-30 04708813 frs-core:FurnitureFittings 2022-07-30 04708813 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-30 04708813 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 2023-07-30 04708813 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-30 04708813 frs-core:MotorVehicles 2023-07-30 04708813 frs-core:MotorVehicles 2022-07-31 2023-07-30 04708813 frs-core:MotorVehicles 2022-07-30 04708813 frs-core:PlantMachinery 2023-07-30 04708813 frs-core:PlantMachinery 2022-07-31 2023-07-30 04708813 frs-core:PlantMachinery 2022-07-30 04708813 frs-core:ShareCapital 2023-07-30 04708813 frs-core:RetainedEarningsAccumulatedLosses 2023-07-30 04708813 frs-bus:PrivateLimitedCompanyLtd 2022-07-31 2023-07-30 04708813 frs-bus:FilletedAccounts 2022-07-31 2023-07-30 04708813 frs-bus:SmallEntities 2022-07-31 2023-07-30 04708813 frs-bus:AuditExempt-NoAccountantsReport 2022-07-31 2023-07-30 04708813 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-31 2023-07-30 04708813 frs-bus:Director1 2022-07-31 2023-07-30 04708813 frs-bus:Director2 2022-07-31 2023-07-30 04708813 frs-bus:CompanySecretary1 2022-07-31 2023-07-30 04708813 frs-countries:EnglandWales 2022-07-31 2023-07-30 04708813 2021-07-30 04708813 2022-07-30 04708813 2021-07-31 2022-07-30 04708813 frs-core:CurrentFinancialInstruments 2022-07-30 04708813 frs-core:ShareCapital 2022-07-30 04708813 frs-core:RetainedEarningsAccumulatedLosses 2022-07-30
Registered number: 04708813
Lite (Stockport) Limited
Unaudited Financial Statements
For The Year Ended 30 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04708813
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,435 44,880
49,435 44,880
CURRENT ASSETS
Debtors 5 1,292 9,880
Cash at bank and in hand 181,110 145,080
182,402 154,960
Creditors: Amounts Falling Due Within One Year 6 (45,333 ) (27,053 )
NET CURRENT ASSETS (LIABILITIES) 137,069 127,907
TOTAL ASSETS LESS CURRENT LIABILITIES 186,504 172,787
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,393 ) (8,527 )
NET ASSETS 177,111 164,260
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 176,111 163,260
SHAREHOLDERS' FUNDS 177,111 164,260
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Page 2
For the year ending 30 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 Jacqueline Shopland-Reed
Director
09/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Lite (Stockport) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04708813 . The registered office is Soloman House, Belgrave Court, Fulwood, Preston, PR2 9PL.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 No depreciation
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 10)
9 10
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 31 July 2022 17,750 102,390 52,196 54,833 227,169
Additions - - - 15,118 15,118
As at 30 July 2023 17,750 102,390 52,196 69,951 242,287
Depreciation
As at 31 July 2022 - 99,874 41,083 41,332 182,289
Provided during the period - 629 2,778 7,156 10,563
As at 30 July 2023 - 100,503 43,861 48,488 192,852
Net Book Value
As at 30 July 2023 17,750 1,887 8,335 21,463 49,435
As at 31 July 2022 17,750 2,516 11,113 13,501 44,880
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 4,982
Prepayments and accrued income 1,292 2,436
Other taxes and social security - 2,462
1,292 9,880
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,241 5,999
Corporation tax 2,558 5,670
Other creditors 18,786 2,636
Accruals and deferred income 3,480 3,480
Directors' loan accounts 11,268 9,268
45,333 27,053
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5