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 07111541 Mr Matthew Dean iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07111541 2022-12-31 07111541 2023-12-31 07111541 2023-01-01 2023-12-31 07111541 frs-core:CurrentFinancialInstruments 2023-12-31 07111541 frs-core:Non-currentFinancialInstruments 2023-12-31 07111541 frs-core:BetweenOneFiveYears 2023-12-31 07111541 frs-core:MotorVehicles 2023-12-31 07111541 frs-core:MotorVehicles 2023-01-01 2023-12-31 07111541 frs-core:MotorVehicles 2022-12-31 07111541 frs-core:PlantMachinery 2023-12-31 07111541 frs-core:PlantMachinery 2023-01-01 2023-12-31 07111541 frs-core:PlantMachinery 2022-12-31 07111541 frs-core:WithinOneYear 2023-12-31 07111541 frs-core:ShareCapital 2023-12-31 07111541 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07111541 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07111541 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07111541 frs-bus:SmallEntities 2023-01-01 2023-12-31 07111541 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07111541 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07111541 frs-bus:Director1 2023-01-01 2023-12-31 07111541 frs-core:CurrentFinancialInstruments 1 2023-12-31 07111541 frs-countries:EnglandWales 2023-01-01 2023-12-31 07111541 2021-12-31 07111541 2022-12-31 07111541 2022-01-01 2022-12-31 07111541 frs-core:CurrentFinancialInstruments 2022-12-31 07111541 frs-core:Non-currentFinancialInstruments 2022-12-31 07111541 frs-core:BetweenOneFiveYears 2022-12-31 07111541 frs-core:WithinOneYear 2022-12-31 07111541 frs-core:ShareCapital 2022-12-31 07111541 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07111541 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 07111541
Lustre Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Kennedys Accounting Limited
160 Eureka Park
Kennington
Ashford
Kent
TN25 4AZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07111541
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,898 36,592
22,898 36,592
CURRENT ASSETS
Debtors 5 167,047 144,266
Investments 6 2 2
Cash at bank and in hand 96,586 115,150
263,635 259,418
Creditors: Amounts Falling Due Within One Year 7 (130,454 ) (106,904 )
NET CURRENT ASSETS (LIABILITIES) 133,181 152,514
TOTAL ASSETS LESS CURRENT LIABILITIES 156,079 189,106
Creditors: Amounts Falling Due After More Than One Year 8 (21,812 ) (34,847 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (7,583 )
NET ASSETS 134,267 146,676
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 134,167 146,576
SHAREHOLDERS' FUNDS 134,267 146,676
Page 1
Page 2
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 Income Statement.
On behalf of the board
Mr Matthew Dean
Director
14/05/2024
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
Lustre Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07111541 . The registered office is 2nd Floor North, Fitted Rigging House, The Historic Dockyard, Chatham, ME4 4TZ.
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 2 & 5 year straight line, 15% reducing balance
Motor Vehicles 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 9 (2022: 13)
9 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 52,320 37,204 89,524
Additions 2,907 - 2,907
As at 31 December 2023 55,227 37,204 92,431
Depreciation
As at 1 January 2023 36,851 16,081 52,932
Provided during the period 11,320 5,281 16,601
As at 31 December 2023 48,171 21,362 69,533
Net Book Value
As at 31 December 2023 7,056 15,842 22,898
As at 1 January 2023 15,469 21,123 36,592
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 123,087 103,138
Prepayments and accrued income 5,425 3,913
Deferred tax current asset 2,843 -
Amounts owed by group undertakings 34,359 34,671
Amounts owed by associates 1,333 2,544
167,047 144,266
6. Current Asset Investments
2023 2022
£ £
Shares in subsidiaries 2 2
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,000 3,000
Trade creditors 65,782 39,636
Bank loans and overdrafts 10,037 9,790
Corporation tax 12,991 312
Other taxes and social security 2,524 7,543
VAT 33,106 42,738
Other creditors 911 1,051
Pension creditor 2,103 2,834
130,454 106,904
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,750 5,750
Bank loans 19,062 29,097
21,812 34,847
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,000 3,000
Later than one year and not later than five years 2,750 5,750
5,750 8,750
5,750 8,750
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5