Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 10327454 Mr Robert Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10327454 2022-08-31 10327454 2023-08-31 10327454 2022-09-01 2023-08-31 10327454 frs-core:CurrentFinancialInstruments 2023-08-31 10327454 frs-core:MotorVehicles 2023-08-31 10327454 frs-core:MotorVehicles 2022-09-01 2023-08-31 10327454 frs-core:MotorVehicles 2022-08-31 10327454 frs-core:PlantMachinery 2023-08-31 10327454 frs-core:PlantMachinery 2022-09-01 2023-08-31 10327454 frs-core:PlantMachinery 2022-08-31 10327454 frs-core:ShareCapital 2023-08-31 10327454 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10327454 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10327454 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 10327454 frs-bus:SmallEntities 2022-09-01 2023-08-31 10327454 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10327454 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10327454 frs-bus:Director1 2022-09-01 2023-08-31 10327454 frs-core:CurrentFinancialInstruments 1 2023-08-31 10327454 frs-countries:EnglandWales 2022-09-01 2023-08-31 10327454 2021-08-31 10327454 2022-08-31 10327454 2021-09-01 2022-08-31 10327454 frs-core:CurrentFinancialInstruments 2022-08-31 10327454 frs-core:ShareCapital 2022-08-31 10327454 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 10327454 frs-core:CurrentFinancialInstruments 1 2022-08-31
Registered number: 10327454
Land Sourcing UK Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Plan A Financials Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10327454
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,420 15,349
16,420 15,349
CURRENT ASSETS
Stocks 5 2,502,294 1,662,454
Debtors 6 98,116 675,443
Cash at bank and in hand 6,978 3,663
2,607,388 2,341,560
Creditors: Amounts Falling Due Within One Year 7 (3,663,376 ) (3,393,598 )
NET CURRENT ASSETS (LIABILITIES) (1,055,988 ) (1,052,038 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,039,568 ) (1,036,689 )
NET LIABILITIES (1,039,568 ) (1,036,689 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,039,668 ) (1,036,789 )
SHAREHOLDERS' FUNDS (1,039,568) (1,036,689)
Page 1
Page 2
For the year ending 31 August 2023 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 Robert Williams
Director
29/08/2024
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
Land Sourcing UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10327454 . The registered office is Suite 17, Essex House, Station Road, Upminster, Essex, RM14 2SJ.
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:
Plant & Machinery 18% Reducing Balance method
Motor Vehicles 6% Reducing Balance method
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2022 6,386 14,500 20,886
Additions 2,800 - 2,800
As at 31 August 2023 9,186 14,500 23,686
Depreciation
As at 1 September 2022 3,849 1,688 5,537
Provided during the period 960 769 1,729
As at 31 August 2023 4,809 2,457 7,266
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 August 2023 4,377 12,043 16,420
As at 1 September 2022 2,537 12,812 15,349
5. Stocks
2023 2022
£ £
Work in progress 2,502,294 1,662,454
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 98,116 675,443
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 88,073 88,071
Other loans 3,119,303 2,849,527
Business Investment Fund 455,000 455,000
Accruals and deferred income 1,000 1,000
3,663,376 3,393,598
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4