Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09849728 Dr A Ali Ms S Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09849728 2022-10-31 09849728 2023-10-31 09849728 2022-11-01 2023-10-31 09849728 frs-core:CurrentFinancialInstruments 2023-10-31 09849728 frs-core:ComputerEquipment 2023-10-31 09849728 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09849728 frs-core:ComputerEquipment 2022-10-31 09849728 frs-core:ShareCapital 2023-10-31 09849728 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09849728 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09849728 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09849728 frs-bus:SmallEntities 2022-11-01 2023-10-31 09849728 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09849728 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09849728 frs-bus:Director1 2022-11-01 2023-10-31 09849728 frs-bus:Director2 2022-11-01 2023-10-31 09849728 frs-countries:EnglandWales 2022-11-01 2023-10-31 09849728 2021-10-31 09849728 2022-10-31 09849728 2021-11-01 2022-10-31 09849728 frs-core:CurrentFinancialInstruments 2022-10-31 09849728 frs-core:ShareCapital 2022-10-31 09849728 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09849728
Love Pumice Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09849728
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 78
- 78
CURRENT ASSETS
Stocks 5 11,437 1,363
Debtors 6 21,932 7,515
Cash at bank and in hand 10,336 25,732
43,705 34,610
Creditors: Amounts Falling Due Within One Year 7 (29,909 ) (20,988 )
NET CURRENT ASSETS (LIABILITIES) 13,796 13,622
TOTAL ASSETS LESS CURRENT LIABILITIES 13,796 13,700
NET ASSETS 13,796 13,700
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Income Statement 12,796 12,700
SHAREHOLDERS' FUNDS 13,796 13,700
Page 1
Page 2
For the year ending 31 October 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 Income Statement.
On behalf of the board
Dr A Ali
Director
28/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Love Pumice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09849728 . The registered office is Office M-05, Millharbour Court, 6 Watergate Walk, London, E14 9XH.
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. 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.
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:
Computer Equipment 33.33% straight line
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 1,065
As at 31 October 2023 1,065
Depreciation
As at 1 November 2022 987
Provided during the period 78
As at 31 October 2023 1,065
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 78
5. Stocks
2023 2022
£ £
Stock 11,437 1,363
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11 888
Other debtors 21,921 6,627
21,932 7,515
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 24,404 15,346
Amounts owed to participating interests - 2,410
Other creditors 5,464 3,232
Taxation and social security 41 -
29,909 20,988
Page 4