Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08015108 Mr Michael Lumb Mrs Sarah Bunce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08015108 2023-04-30 08015108 2024-04-30 08015108 2023-05-01 2024-04-30 08015108 frs-core:CurrentFinancialInstruments 2024-04-30 08015108 frs-core:Non-currentFinancialInstruments 2024-04-30 08015108 frs-core:ComputerEquipment 2024-04-30 08015108 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08015108 frs-core:ComputerEquipment 2023-04-30 08015108 frs-core:MotorVehicles 2023-05-01 2024-04-30 08015108 frs-core:PlantMachinery 2024-04-30 08015108 frs-core:PlantMachinery 2023-05-01 2024-04-30 08015108 frs-core:PlantMachinery 2023-04-30 08015108 frs-core:ShareCapital 2024-04-30 08015108 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08015108 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08015108 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08015108 frs-bus:SmallEntities 2023-05-01 2024-04-30 08015108 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08015108 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08015108 frs-bus:Director1 2023-05-01 2024-04-30 08015108 frs-bus:Director1 2023-04-30 08015108 frs-bus:Director1 2024-04-30 08015108 frs-bus:Director2 2023-05-01 2024-04-30 08015108 frs-bus:Director2 2023-04-30 08015108 frs-bus:Director2 2024-04-30 08015108 frs-countries:EnglandWales 2023-05-01 2024-04-30 08015108 2022-04-30 08015108 2023-04-30 08015108 2022-05-01 2023-04-30 08015108 frs-core:CurrentFinancialInstruments 2023-04-30 08015108 frs-core:Non-currentFinancialInstruments 2023-04-30 08015108 frs-core:ShareCapital 2023-04-30 08015108 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08015108
Loose Covers Yorkshire Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Branagans Accountancy Services Ltd
352 Herringthorpe Valley Rd
Rotherham
S60 4LA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08015108
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,083 1,332
1,083 1,332
CURRENT ASSETS
Debtors 5 27,897 9,300
Cash at bank and in hand 9,260 23,605
37,157 32,905
Creditors: Amounts Falling Due Within One Year 6 (22,722 ) (25,106 )
NET CURRENT ASSETS (LIABILITIES) 14,435 7,799
TOTAL ASSETS LESS CURRENT LIABILITIES 15,518 9,131
Creditors: Amounts Falling Due After More Than One Year 7 (5,000 ) (9,000 )
NET ASSETS 10,518 131
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 10,418 31
SHAREHOLDERS' FUNDS 10,518 131
Page 1
Page 2
For the year ending 30 April 2024 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 Michael Lumb
Director
13/05/2024
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
Loose Covers Yorkshire Ltd Registered number 08015108 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 2, Station Road, Masborough, Rotherham, S60 1HN.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 15% Reducing Balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 8,000 1,948 9,948
As at 30 April 2024 8,000 1,948 9,948
Depreciation
As at 1 May 2023 7,009 1,607 8,616
Provided during the period 198 51 249
As at 30 April 2024 7,207 1,658 8,865
Net Book Value
As at 30 April 2024 793 290 1,083
As at 1 May 2023 991 341 1,332
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,749 1,200
Other debtors 11,100 8,100
Corporation tax recoverable assets 3,708 -
Directors' loan accounts 10,340 -
27,897 9,300
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 364 1,399
Bank loans and overdrafts 4,000 4,000
Corporation tax 14,701 13,980
Other taxes and social security 1,431 2,794
VAT Control 364 21
Vat Suspense 1,414 1,886
Accruals and deferred income 354 972
Directors' loan accounts 94 54
22,722 25,106
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,000 9,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Michael Lumb 4,100 1,500 - - 5,600
Mrs Sarah Bunce 4,000 1,500 - - 5,500
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Michael Lumb 10,435 10,500
Mrs Sarah Bunce 10,435 10,500
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10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 10,435 21,000
Page 5