Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04463267 Mr D Sharpe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04463267 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 04463267 2023-03-31 04463267 2024-03-31 04463267 2023-04-01 2024-03-31 04463267 frs-core:CurrentFinancialInstruments 2024-03-31 04463267 frs-core:Non-currentFinancialInstruments 2024-03-31 04463267 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 04463267 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 04463267 frs-core:LandBuildings 2024-03-31 04463267 frs-core:LandBuildings 2023-04-01 2024-03-31 04463267 frs-core:LandBuildings 2023-03-31 04463267 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04463267 frs-core:PlantMachinery 2024-03-31 04463267 frs-core:PlantMachinery 2023-04-01 2024-03-31 04463267 frs-core:PlantMachinery 2023-03-31 04463267 frs-core:ShareCapital 2024-03-31 04463267 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04463267 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04463267 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04463267 frs-bus:SmallEntities 2023-04-01 2024-03-31 04463267 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04463267 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04463267 frs-bus:Director1 2023-04-01 2024-03-31 04463267 frs-bus:Director1 2023-03-31 04463267 frs-bus:Director1 2024-03-31 04463267 frs-countries:EnglandWales 2023-04-01 2024-03-31 04463267 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 04463267 2022-03-31 04463267 2023-03-31 04463267 2022-04-01 2023-03-31 04463267 frs-core:CurrentFinancialInstruments 2023-03-31 04463267 frs-core:Non-currentFinancialInstruments 2023-03-31 04463267 frs-core:ShareCapital 2023-03-31 04463267 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04463267
LARJ (Midlands) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04463267
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,667,129 1,678,953
1,667,129 1,678,953
CURRENT ASSETS
Stocks 81,591 97,042
Debtors 5 408,245 282,497
Cash at bank and in hand 23,374 232,767
513,210 612,306
Creditors: Amounts Falling Due Within One Year 6 (70,247 ) (122,992 )
NET CURRENT ASSETS (LIABILITIES) 442,963 489,314
TOTAL ASSETS LESS CURRENT LIABILITIES 2,110,092 2,168,267
Creditors: Amounts Falling Due After More Than One Year 7 (552,830 ) (577,440 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (124,811 ) (130,125 )
NET ASSETS 1,432,451 1,460,702
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 1,432,441 1,460,692
SHAREHOLDERS' FUNDS 1,432,451 1,460,702
Page 1
Page 2
For the year ending 31 March 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 D Sharpe
Director
1 July 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
LARJ (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04463267 . The registered office is Newlyn Road, Cradley Heath, West Midlands, B64 6BE.
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.

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:
Freehold 2% straight line on buildings only
Plant & Machinery 10% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Buildings Investment Properties Plant & Machinery etc. Total
£ £ £ £
Cost or Valuation
As at 1 April 2023 142,089 1,511,559 106,276 1,759,924
As at 31 March 2024 142,089 1,511,559 106,276 1,759,924
Depreciation
As at 1 April 2023 8,347 - 72,624 80,971
Provided during the period 1,196 - 10,628 11,824
As at 31 March 2024 9,543 - 83,252 92,795
Net Book Value
As at 31 March 2024 132,546 1,511,559 23,024 1,667,129
As at 1 April 2023 133,742 1,511,559 33,652 1,678,953
If investment property had not been revalued it would have been included at an historic cost of £793,495 and aggregate depreciation £218,380 (£203,833).
Revaluation of Newlyn Road, Cradley Heathwas undertaken in February 2023 by RICS accredited Holt Commercial Limited and the directors consider it remains at fair value.
Mill Street, Kidderminster was revalued in 2018 by David & Peter Holt Chartered Surveyors and the directors consider it remains at fair value.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,062 6,889
Other debtors 400,183 275,608
408,245 282,497
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 23,701 22,560
Other creditors 1,624 60,995
Taxation and social security 44,922 39,437
70,247 122,992
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 552,830 577,440
552,830 577,440
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 436,078 462,203
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured as follows:
A legal charge over 76 Mill Street, Kidderminster.
A legal charge over industrial warehouse and office premises at Newlyn Road, Cradley Heath.
An umlimited guarantee from LARJ (Midlands) Limited and MS (Midlands) Limited.
2024 2023
£ £
Bank loans and overdrafts 576,531 600,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Shares in the company consist of 5 x £1 Class A Ordinary shares and 5 x £1 Class B Ordinary shares.
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Dean Sharpe 54,674 - 5,000 - 49,674
The above loans are interest free, unsecured and repayable on demand
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