Acorah Software Products - Accounts Production 15.0.500 false true 30 April 2022 1 May 2021 false 1 May 2022 31 October 2023 31 October 2023 10942178 Mr Gary PETERS Mr Adam DAVIS iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10942178 2022-04-30 10942178 2023-10-31 10942178 2022-05-01 2023-10-31 10942178 frs-core:CurrentFinancialInstruments 2023-10-31 10942178 frs-core:Non-currentFinancialInstruments 2023-10-31 10942178 frs-core:PlantMachinery 2023-10-31 10942178 frs-core:PlantMachinery 2022-05-01 2023-10-31 10942178 frs-core:PlantMachinery 2022-04-30 10942178 frs-core:ShareCapital 2023-10-31 10942178 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10942178 frs-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-10-31 10942178 frs-bus:FilletedAccounts 2022-05-01 2023-10-31 10942178 frs-bus:SmallEntities 2022-05-01 2023-10-31 10942178 frs-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-10-31 10942178 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-10-31 10942178 frs-bus:Director1 2022-05-01 2023-10-31 10942178 frs-bus:Director2 2022-05-01 2023-10-31 10942178 frs-countries:EnglandWales 2022-05-01 2023-10-31 10942178 2021-04-30 10942178 2022-04-30 10942178 2021-05-01 2022-04-30 10942178 frs-core:CurrentFinancialInstruments 2022-04-30 10942178 frs-core:Non-currentFinancialInstruments 2022-04-30 10942178 frs-core:ShareCapital 2022-04-30 10942178 frs-core:RetainedEarningsAccumulatedLosses 2022-04-30
Registered number: 10942178
LAND PROMOTION GROUP LTD
Unaudited Financial Statements
For the Period 1 May 2022 to 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10942178
31 October 2023 30 April 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 358 460
358 460
CURRENT ASSETS
Stocks 5 106,090 157,138
Debtors 6 1,602 1,377
Cash at bank and in hand 22,990 2,255
130,682 160,770
Creditors: Amounts Falling Due Within One Year 7 (217,830 ) (66,022 )
NET CURRENT ASSETS (LIABILITIES) (87,148 ) 94,748
TOTAL ASSETS LESS CURRENT LIABILITIES (86,790 ) 95,208
Creditors: Amounts Falling Due After More Than One Year 8 (81,664 ) (133,348 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (196 ) (196 )
NET LIABILITIES (168,650 ) (38,336 )
CAPITAL AND RESERVES
Called up share capital 9 200 100
Profit and Loss Account (168,850 ) (38,436 )
SHAREHOLDERS' FUNDS (168,650) (38,336)
Page 1
Page 2
For the period ending 31 October 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
Mr Gary PETERS
Director
25/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LAND PROMOTION GROUP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10942178 . The registered office is Little Caton, Caton, Ashburton, Newton Abbot, Devon, TQ13 7EU.
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 33.33% reducing balance basis
2.4. 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 period was: 2 (2022: )
2 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2022 3,475
As at 31 October 2023 3,475
Depreciation
As at 1 May 2022 3,015
Provided during the period 102
As at 31 October 2023 3,117
Net Book Value
As at 31 October 2023 358
As at 1 May 2022 460
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Page 4
5. Stocks
31 October 2023 30 April 2022
£ £
Work in progress 106,090 157,138
6. Debtors
31 October 2023 30 April 2022
£ £
Due within one year
Trade debtors - 450
Other debtors 1,602 927
1,602 1,377
7. Creditors: Amounts Falling Due Within One Year
31 October 2023 30 April 2022
£ £
Trade creditors 11,571 9,304
Bank loans and overdrafts 5,556 5,556
Other creditors 185,007 50,705
Taxation and social security 15,696 457
217,830 66,022
8. Creditors: Amounts Falling Due After More Than One Year
31 October 2023 30 April 2022
£ £
Bank loans 31,409 39,717
Other loans 50,255 93,631
81,664 133,348
9. Share Capital
31 October 2023 30 April 2022
£ £
Allotted, Called up and fully paid 200 100
Page 4