Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09154718 Mr Michael Turnbull iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09154718 2022-10-31 09154718 2023-10-31 09154718 2022-11-01 2023-10-31 09154718 frs-core:CurrentFinancialInstruments 2023-10-31 09154718 frs-core:Non-currentFinancialInstruments 2023-10-31 09154718 frs-core:FurnitureFittings 2023-10-31 09154718 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09154718 frs-core:FurnitureFittings 2022-10-31 09154718 frs-core:NetGoodwill 2023-10-31 09154718 frs-core:NetGoodwill 2022-11-01 2023-10-31 09154718 frs-core:NetGoodwill 2022-10-31 09154718 frs-core:ShareCapital 2023-10-31 09154718 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09154718 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09154718 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09154718 frs-bus:SmallEntities 2022-11-01 2023-10-31 09154718 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09154718 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09154718 frs-bus:Director1 2022-11-01 2023-10-31 09154718 frs-countries:EnglandWales 2022-11-01 2023-10-31 09154718 2021-10-31 09154718 2022-10-31 09154718 2021-11-01 2022-10-31 09154718 frs-core:CurrentFinancialInstruments 2022-10-31 09154718 frs-core:Non-currentFinancialInstruments 2022-10-31 09154718 frs-core:ShareCapital 2022-10-31 09154718 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09154718
Litherland Accountancy Services Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
TaxAssist Accountants
50-52 Bridge Road
Litherland
Liverpool
L21 6PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09154718
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,341 30,511
Tangible Assets 5 1,700 2,000
22,041 32,511
CURRENT ASSETS
Debtors 6 21,060 24,989
Cash at bank and in hand 66,380 49,702
87,440 74,691
Creditors: Amounts Falling Due Within One Year 7 (60,007 ) (60,156 )
NET CURRENT ASSETS (LIABILITIES) 27,433 14,535
TOTAL ASSETS LESS CURRENT LIABILITIES 49,474 47,046
Creditors: Amounts Falling Due After More Than One Year 8 (25,000 ) (35,000 )
NET ASSETS 24,474 12,046
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 24,472 12,044
SHAREHOLDERS' FUNDS 24,474 12,046
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Page 2
For the year 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 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 Michael Turnbull
Director
1st July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Litherland Accountancy Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09154718 . The registered office is 50-52 Bridge Road, Litherland, Liverpool, L21 6PH.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Fixtures & Fittings 15% RB
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 6)
7 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 101,701
As at 31 October 2023 101,701
Amortisation
As at 1 November 2022 71,190
Provided during the period 10,170
As at 31 October 2023 81,360
Net Book Value
As at 31 October 2023 20,341
As at 1 November 2022 30,511
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 6,774
As at 31 October 2023 6,774
Depreciation
As at 1 November 2022 4,774
Provided during the period 300
As at 31 October 2023 5,074
Net Book Value
As at 31 October 2023 1,700
As at 1 November 2022 2,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,960 23,889
Rent Bond 1,100 1,100
21,060 24,989
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 5,563 2,794
PAYE 2,611 1,714
VAT 10,852 13,070
Net wages 4,719 3,578
Accruals and deferred income 1,262 -
Director's loan account 35,000 39,000
60,007 60,156
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
CBILS Loan 25,000 35,000
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5