Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08848243 Mr Lee Casey Miss Claire Burns iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08848243 2023-01-31 08848243 2024-01-31 08848243 2023-02-01 2024-01-31 08848243 frs-core:CurrentFinancialInstruments 2024-01-31 08848243 frs-core:ComputerEquipment 2024-01-31 08848243 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08848243 frs-core:ComputerEquipment 2023-01-31 08848243 frs-core:FurnitureFittings 2024-01-31 08848243 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08848243 frs-core:FurnitureFittings 2023-01-31 08848243 frs-core:MotorVehicles 2024-01-31 08848243 frs-core:MotorVehicles 2023-02-01 2024-01-31 08848243 frs-core:MotorVehicles 2023-01-31 08848243 frs-core:ShareCapital 2024-01-31 08848243 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08848243 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08848243 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08848243 frs-bus:SmallEntities 2023-02-01 2024-01-31 08848243 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08848243 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08848243 frs-bus:Director1 2023-02-01 2024-01-31 08848243 frs-bus:Director2 2023-02-01 2024-01-31 08848243 frs-core:CurrentFinancialInstruments 1 2024-01-31 08848243 frs-countries:EnglandWales 2023-02-01 2024-01-31 08848243 2022-01-31 08848243 2023-01-31 08848243 2022-02-01 2023-01-31 08848243 frs-core:CurrentFinancialInstruments 2023-01-31 08848243 frs-core:ShareCapital 2023-01-31 08848243 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08848243 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 08848243
Lloyd Burns Management Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Willoughby & Smets Accountants Limited
T/as The Financial Collective
Suite 14, 548-550 Elder House
Elder Gate
Milton Keynes
MK9 1LR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08848243
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,473 4,723
9,473 4,723
CURRENT ASSETS
Debtors 5 2 2
Cash at bank and in hand 459,879 407,262
459,881 407,264
Creditors: Amounts Falling Due Within One Year 6 (43,688 ) (34,218 )
NET CURRENT ASSETS (LIABILITIES) 416,193 373,046
TOTAL ASSETS LESS CURRENT LIABILITIES 425,666 377,769
NET ASSETS 425,666 377,769
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 425,664 377,767
SHAREHOLDERS' FUNDS 425,666 377,769
Page 1
Page 2
For the year ending 31 January 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
Miss Claire Burns
Director
24/06/2024
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
Lloyd Burns Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08848243 . The registered office is 483 Green Lanes, London, N13 4BS.
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:
Motor Vehicles 33% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 25% straight line
2.4. 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 year 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 asset reflects 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 3,820 9,561 2,899 16,280
Additions - 8,014 - 8,014
As at 31 January 2024 3,820 17,575 2,899 24,294
Depreciation
As at 1 February 2023 3,820 5,819 1,918 11,557
Provided during the period - 2,897 367 3,264
As at 31 January 2024 3,820 8,716 2,285 14,821
Net Book Value
As at 31 January 2024 - 8,859 614 9,473
As at 1 February 2023 - 3,742 981 4,723
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 2 2
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,518 1,920
Corporation tax 26,062 19,479
VAT 8,044 7,985
Other creditors 4,786 4,554
Pension scheme creditor 838 -
Accruals and deferred income 440 280
43,688 34,218
7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
Page 4