Acorah Software Products - Accounts Production 15.0.500 false true true 30 November 2022 30 November 2021 false 1 December 2022 30 November 2023 30 November 2023 13774368 Mr David Lloyd Mr David Lloyd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13774368 2022-11-30 13774368 2023-11-30 13774368 2022-12-01 2023-11-30 13774368 frs-core:CurrentFinancialInstruments 2023-11-30 13774368 frs-core:Non-currentFinancialInstruments 2023-11-30 13774368 frs-core:NetGoodwill 2023-11-30 13774368 frs-core:NetGoodwill 2022-12-01 2023-11-30 13774368 frs-core:NetGoodwill 2022-11-30 13774368 frs-core:MotorVehicles 2023-11-30 13774368 frs-core:MotorVehicles 2022-12-01 2023-11-30 13774368 frs-core:MotorVehicles 2022-11-30 13774368 frs-core:PlantMachinery 2023-11-30 13774368 frs-core:PlantMachinery 2022-12-01 2023-11-30 13774368 frs-core:PlantMachinery 2022-11-30 13774368 frs-core:ShareCapital 2023-11-30 13774368 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13774368 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13774368 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13774368 frs-bus:SmallEntities 2022-12-01 2023-11-30 13774368 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13774368 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13774368 1 2022-12-01 2023-11-30 13774368 frs-bus:Director1 2022-12-01 2023-11-30 13774368 frs-countries:EnglandWales 2022-12-01 2023-11-30 13774368 2021-11-29 13774368 2022-11-30 13774368 2021-11-30 2022-11-30 13774368 frs-core:CurrentFinancialInstruments 2022-11-30 13774368 frs-core:Non-currentFinancialInstruments 2022-11-30 13774368 frs-core:ShareCapital 2022-11-30 13774368 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 13774368
David Lloyd Flooring Limited
Financial Statements
For The Year Ended 30 November 2023
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13774368
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 7,200 9,600
Tangible Assets 6 7,966 10,315
15,166 19,915
CURRENT ASSETS
Debtors 7 2,852 4,830
Cash at bank and in hand 12,180 13,955
15,032 18,785
Creditors: Amounts Falling Due Within One Year 8 (1,039 ) (238 )
NET CURRENT ASSETS (LIABILITIES) 13,993 18,547
TOTAL ASSETS LESS CURRENT LIABILITIES 29,159 38,462
Creditors: Amounts Falling Due After More Than One Year 9 (38,128 ) (42,489 )
NET LIABILITIES (8,969 ) (4,027 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (8,970 ) (4,028 )
SHAREHOLDERS' FUNDS (8,969) (4,027)
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For the year ending 30 November 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 David Lloyd
Director
08/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
David Lloyd Flooring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13774368 . The registered office is 1, Queen's Park Road, Handbridge, Chester, Cheshire, CH4 7AD.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 5 years.
2.5. 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 20% on Reducing Balance
Motor Vehicles 25% on Reducing Balance
2.6. 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: 3 (2022: 2)
3 2
4. Prior Period Adjustment
The prior period adjustment reflects commercial work that was allocated to the Director’s personal UTR instead of the company’s UTR.
5. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 12,000
As at 30 November 2023 12,000
Amortisation
As at 1 December 2022 2,400
Provided during the period 2,400
As at 30 November 2023 4,800
Net Book Value
As at 30 November 2023 7,200
As at 1 December 2022 9,600
6. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2022 949 10,992 11,941
Additions 192 - 192
As at 30 November 2023 1,141 10,992 12,133
Depreciation
As at 1 December 2022 190 1,436 1,626
Provided during the period 152 2,389 2,541
As at 30 November 2023 342 3,825 4,167
Net Book Value
As at 30 November 2023 799 7,167 7,966
As at 1 December 2022 759 9,556 10,315
7. Debtors
2023 2022
as restated
£ £
Due within one year
VAT 2,852 4,830
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Other taxes and social security 1,039 238
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Directors loan account 38,128 42,489
10. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 1 1
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Lloyd by virtue of his ownership of 100% of the issued share capital in the company.
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