Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 00995350 Mr P R Gasch Mr M Popovych iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00995350 2022-12-31 00995350 2023-12-31 00995350 2023-01-01 2023-12-31 00995350 frs-core:CurrentFinancialInstruments 2023-12-31 00995350 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 00995350 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 00995350 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 00995350 frs-core:FurnitureFittings 2023-12-31 00995350 frs-core:FurnitureFittings 2023-01-01 2023-12-31 00995350 frs-core:FurnitureFittings 2022-12-31 00995350 frs-core:OtherResidualIntangibleAssets 2023-12-31 00995350 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 00995350 frs-core:OtherResidualIntangibleAssets 2022-12-31 00995350 frs-core:ShareCapital 2023-12-31 00995350 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00995350 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00995350 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 00995350 frs-bus:SmallEntities 2023-01-01 2023-12-31 00995350 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00995350 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00995350 frs-bus:Director1 2023-01-01 2023-12-31 00995350 frs-bus:Director2 2023-01-01 2023-12-31 00995350 frs-countries:EnglandWales 2023-01-01 2023-12-31 00995350 2021-12-31 00995350 2022-12-31 00995350 2022-01-01 2022-12-31 00995350 frs-core:CurrentFinancialInstruments 2022-12-31 00995350 frs-core:ShareCapital 2022-12-31 00995350 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 00995350
LOUISE ENGINEERING LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00995350
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 24,744 27,982
Tangible Assets 4 - 5
24,744 27,987
CURRENT ASSETS
Debtors 5 105,956 117,286
Cash at bank and in hand 165,050 117,166
271,006 234,452
Creditors: Amounts Falling Due Within One Year 6 (23,775 ) (24,290 )
NET CURRENT ASSETS (LIABILITIES) 247,231 210,162
TOTAL ASSETS LESS CURRENT LIABILITIES 271,975 238,149
NET ASSETS 271,975 238,149
CAPITAL AND RESERVES
Called up share capital 7 24,268 24,268
Profit and Loss Account 247,707 213,881
SHAREHOLDERS' FUNDS 271,975 238,149
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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 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 P R Gasch
Director
21 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are website and computer software rights held by the compnay. They are amortised to profit and loss account over their estimated economic life of 10 years.
1.4. 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 25% Reducing Balance
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 2)
2 2
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3. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 January 2023 2,429 29,943 32,372
As at 31 December 2023 2,429 29,943 32,372
Amortisation
As at 1 January 2023 1,396 2,994 4,390
Provided during the period 243 2,995 3,238
As at 31 December 2023 1,639 5,989 7,628
Net Book Value
As at 31 December 2023 790 23,954 24,744
As at 1 January 2023 1,033 26,949 27,982
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 29,556
Disposals (29,556 )
Depreciation
As at 1 January 2023 29,551
Disposals (29,551 )
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 102,920 111,486
Prepayments and accrued income 3,036 3,097
Other debtors - 2,703
105,956 117,286
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 20,297 20,812
Other taxes and social security - CT61 1,971 1,971
Accruals and deferred income 1,507 1,507
23,775 24,290
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 24,268 24,268
8. Related Party Transactions
During the year the company entered into the following transactions with related parties: 
- The value of goods and services provided to Gecos Gmbh in the year to 31st December 2023 was £102,920 (2022:£114,525).
-The value of goods and services received from Gecos Gmbh in the year to 31st December 2023 was nil (2022:£29,943)
9. General Information
LOUISE ENGINEERING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 00995350 . The registered office is 80 Borough Road, Middlesbrough, TS1 2JN.
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