Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04494245 Ms Mary Luff Mary Luff true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04494245 2022-11-30 04494245 2023-11-30 04494245 2022-12-01 2023-11-30 04494245 frs-core:Non-currentFinancialInstruments 2023-11-30 04494245 frs-core:FurnitureFittings 2022-12-01 2023-11-30 04494245 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 04494245 frs-core:MotorVehicles 2022-12-01 2023-11-30 04494245 frs-core:PlantMachinery 2022-12-01 2023-11-30 04494245 frs-core:ShareCapital 2023-11-30 04494245 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04494245 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04494245 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 04494245 frs-bus:SmallEntities 2022-12-01 2023-11-30 04494245 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04494245 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04494245 1 2022-12-01 2023-11-30 04494245 frs-bus:Director1 2022-12-01 2023-11-30 04494245 frs-bus:Director1 2022-11-30 04494245 frs-bus:Director1 2023-11-30 04494245 frs-countries:EnglandWales 2022-12-01 2023-11-30 04494245 2021-11-30 04494245 2022-11-30 04494245 2021-12-01 2022-11-30 04494245 frs-core:Non-currentFinancialInstruments 2022-11-30 04494245 frs-core:ShareCapital 2022-11-30 04494245 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 04494245
Luff Associates Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04494245
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,126 76,966
71,126 76,966
CURRENT ASSETS
Debtors 138,492 343,409
Cash at bank and in hand 801,517 952,286
940,009 1,295,695
Creditors: Amounts Falling Due Within One Year (827,887 ) (979,347 )
NET CURRENT ASSETS (LIABILITIES) 112,122 316,348
TOTAL ASSETS LESS CURRENT LIABILITIES 183,248 393,314
Creditors: Amounts Falling Due After More Than One Year (2,086 ) (240,991 )
NET ASSETS 181,162 152,323
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 181,161 152,322
SHAREHOLDERS' FUNDS 181,162 152,323
Page 1
Page 2
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 her 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Mary Luff
Director
20/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Luff Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04494245 . The registered office is White Oak Cottage, 13 Claremont Avenue, Camberley, Surrey, GU15 2DR.
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 represents net invoiced commission on rental income and services provided exclsuing discounts and value added tax.
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:
Leasehold 2% on cost
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 11)
11 11
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 233,242
Additions 1,919
As at 30 November 2023 235,161
Depreciation
As at 1 December 2022 156,276
Provided during the period 7,759
As at 30 November 2023 164,035
Net Book Value
As at 30 November 2023 71,126
As at 1 December 2022 76,966
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Ms Mary Luff 143,888 - 143,888 - -
The above loan is unsecured and repayable on demand. Interest is charged at 4% p.a
7. Ultimate Controlling Party
The company's ultimate controlling party is Mary Luff by virtue of his ownership of 100% of the issued share capital in the company.
Page 4