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 3547936 Vanessa Jane Roebuck Gary Anthony Lomer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3547936 2023-04-30 3547936 2024-04-30 3547936 2023-05-01 2024-04-30 3547936 frs-core:CurrentFinancialInstruments 2024-04-30 3547936 frs-core:Non-currentFinancialInstruments 2024-04-30 3547936 frs-core:BetweenOneFiveYears 2024-04-30 3547936 frs-core:ComputerEquipment 2024-04-30 3547936 frs-core:ComputerEquipment 2023-05-01 2024-04-30 3547936 frs-core:ComputerEquipment 2023-04-30 3547936 frs-core:FurnitureFittings 2024-04-30 3547936 frs-core:FurnitureFittings 2023-05-01 2024-04-30 3547936 frs-core:FurnitureFittings 2023-04-30 3547936 frs-core:NetGoodwill 2024-04-30 3547936 frs-core:NetGoodwill 2023-05-01 2024-04-30 3547936 frs-core:NetGoodwill 2023-04-30 3547936 frs-core:MotorVehicles 2024-04-30 3547936 frs-core:MotorVehicles 2023-05-01 2024-04-30 3547936 frs-core:MotorVehicles 2023-04-30 3547936 frs-core:PlantMachinery 2023-05-01 2024-04-30 3547936 frs-core:WithinOneYear 2024-04-30 3547936 frs-core:ShareCapital 2024-04-30 3547936 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 3547936 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 3547936 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 3547936 frs-bus:SmallEntities 2023-05-01 2024-04-30 3547936 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 3547936 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 3547936 frs-bus:Director1 2023-05-01 2024-04-30 3547936 frs-bus:Director2 2023-05-01 2024-04-30 3547936 frs-countries:EnglandWales 2023-05-01 2024-04-30 3547936 2022-04-30 3547936 2023-04-30 3547936 2022-05-01 2023-04-30 3547936 frs-core:CurrentFinancialInstruments 2023-04-30 3547936 frs-core:Non-currentFinancialInstruments 2023-04-30 3547936 frs-core:BetweenOneFiveYears 2023-04-30 3547936 frs-core:WithinOneYear 2023-04-30 3547936 frs-core:ShareCapital 2023-04-30 3547936 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 3547936
G. A. Lomer & Son Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3547936
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 296,415 318,944
296,415 318,944
CURRENT ASSETS
Stocks 6,347 5,000
Debtors 6 102,278 136,701
Cash at bank and in hand 212,536 304,573
321,161 446,274
Creditors: Amounts Falling Due Within One Year 7 (233,831 ) (250,974 )
NET CURRENT ASSETS (LIABILITIES) 87,330 195,300
TOTAL ASSETS LESS CURRENT LIABILITIES 383,745 514,244
Creditors: Amounts Falling Due After More Than One Year 8 (2,778 ) (12,574 )
NET ASSETS 380,967 501,670
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account 380,767 501,470
SHAREHOLDERS' FUNDS 380,967 501,670
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
Gary Anthony Lomer
Director
29 August 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
G. A. Lomer & Son Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 3547936 . The registered office is Marine House, 151 Western Road, Haywards Heath, West Sussex, RH16 3LH.
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.
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. 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.
2.4. 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:
Other none
Motor Vehicles 15% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.5. 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 profit and loss account 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 profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 14)
17 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Amortisation
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 627,729 96,932 50,405 775,066
Additions 36,500 3,215 1,353 41,068
Disposals (37,779 ) (3,031 ) - (40,810 )
As at 30 April 2024 626,450 97,116 51,758 775,324
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 May 2023 341,719 65,784 48,619 456,122
Provided during the period 46,378 11,792 1,306 59,476
Disposals (33,959 ) (2,730 ) - (36,689 )
As at 30 April 2024 354,138 74,846 49,925 478,909
Net Book Value
As at 30 April 2024 272,312 22,270 1,833 296,415
As at 1 May 2023 286,010 31,148 1,786 318,944
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 21,973 42,353
Other debtors 80,305 94,348
102,278 136,701
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 9,271 17,599
Trade creditors 87,609 104,881
Other creditors 98,886 77,470
Taxation and social security 38,065 51,024
233,831 250,974
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 2,778 12,574
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,271 17,599
Later than one year and not later than five years 2,778 12,574
12,049 30,173
12,049 30,173
Page 5