Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC013579 Mr David Lamond Mrs Linda Lamond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC013579 2023-05-31 SC013579 2024-05-31 SC013579 2023-06-01 2024-05-31 SC013579 frs-core:CurrentFinancialInstruments 2024-05-31 SC013579 frs-core:ComputerEquipment 2024-05-31 SC013579 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC013579 frs-core:ComputerEquipment 2023-05-31 SC013579 frs-core:FurnitureFittings 2024-05-31 SC013579 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC013579 frs-core:FurnitureFittings 2023-05-31 SC013579 frs-core:RevaluationReserve 2023-06-01 2024-05-31 SC013579 frs-core:RevaluationReserve 2023-05-31 SC013579 frs-core:RevaluationReserve 2024-05-31 SC013579 frs-core:SharePremium 2024-05-31 SC013579 frs-core:ShareCapital 2024-05-31 SC013579 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC013579 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC013579 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC013579 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC013579 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC013579 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC013579 frs-bus:Director1 2023-06-01 2024-05-31 SC013579 frs-bus:Director1 2023-05-31 SC013579 frs-bus:Director1 2024-05-31 SC013579 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 SC013579 frs-core:CurrentFinancialInstruments 2 2024-05-31 SC013579 frs-countries:Scotland 2023-06-01 2024-05-31 SC013579 2022-05-31 SC013579 2023-05-31 SC013579 2022-06-01 2023-05-31 SC013579 frs-core:CurrentFinancialInstruments 2023-05-31 SC013579 frs-core:RevaluationReserve 2023-05-31 SC013579 frs-core:SharePremium 2023-05-31 SC013579 frs-core:ShareCapital 2023-05-31 SC013579 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 SC013579 frs-core:CurrentFinancialInstruments 2 2023-05-31
Registered number: SC013579
Lamond Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
McMillans Accountants Ltd t/a TaxAssist Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC013579
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 387 -
Investment Properties 5 110,000 150,000
110,387 150,000
CURRENT ASSETS
Debtors 6 4,385 100
Cash at bank and in hand 17,063 191,345
21,448 191,445
Creditors: Amounts Falling Due Within One Year 7 (8,667 ) (10,099 )
NET CURRENT ASSETS (LIABILITIES) 12,781 181,346
TOTAL ASSETS LESS CURRENT LIABILITIES 123,168 331,346
NET ASSETS 123,168 331,346
CAPITAL AND RESERVES
Called up share capital 8 13,650 13,650
Share premium account 2,000 2,000
Revaluation reserve 10 107,500 147,500
Profit and Loss Account 18 168,196
SHAREHOLDERS' FUNDS 123,168 331,346
Page 1
Page 2
For the year ending 31 May 2024 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 his 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 David Lamond
Director
30/08/2024
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
Lamond Enterprises Limited is a private company, limited by shares, incorporated in Scotland, registered number SC013579 . The registered office is 46 Riverside Road, Waterfoot, Glasgow, East Renfrewshire, G76 0DG.
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.
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.
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:
Fixtures & Fittings 33.30% straight line
Computer Equipment 33.33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss .
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair
value determined annually by the directors and derived from the current market rents and investment
property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or
condition of the specific asset. No depreciation is provided. Changes in fair value are recognised profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 June 2023 478 - 478
Additions - 498 498
As at 31 May 2024 478 498 976
Depreciation
As at 1 June 2023 478 - 478
Provided during the period - 111 111
As at 31 May 2024 478 111 589
Net Book Value
As at 31 May 2024 - 387 387
As at 1 June 2023 - - -
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 150,000
Revaluations (40,000)
As at 31 May 2024 110,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
Director's loan account 4,285 -
4,385 100
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors (2) 4,000 4,000
Accruals and deferred income 4,667 4,667
Director's loan account - 1,432
8,667 10,099
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 13,650 13,650
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr David Lamond (1,432 ) 13,304 (7,587 ) - 4,285
The above loan is unsecured, interest free and repayable on demand.
10. Reserves
Revaluation Reserve
£
As at 1 June 2023 147,500
Transfer to profit and loss (40,000 )
As at 31 May 2024 107,500
Page 5