Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09850650 Mr Jose Luis Lopez Ezcurdia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09850650 2022-12-31 09850650 2023-12-31 09850650 2023-01-01 2023-12-31 09850650 frs-core:CurrentFinancialInstruments 2023-12-31 09850650 frs-core:Non-currentFinancialInstruments 2023-12-31 09850650 frs-core:ComputerEquipment 2023-12-31 09850650 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09850650 frs-core:ComputerEquipment 2022-12-31 09850650 frs-core:FurnitureFittings 2023-12-31 09850650 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09850650 frs-core:FurnitureFittings 2022-12-31 09850650 frs-core:ShareCapital 2023-12-31 09850650 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09850650 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09850650 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09850650 frs-bus:SmallEntities 2023-01-01 2023-12-31 09850650 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09850650 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09850650 frs-bus:Director1 2023-01-01 2023-12-31 09850650 frs-core:CurrentFinancialInstruments 1 2023-12-31 09850650 frs-core:Non-currentFinancialInstruments 1 2023-12-31 09850650 frs-countries:EnglandWales 2023-01-01 2023-12-31 09850650 2021-12-31 09850650 2022-12-31 09850650 2022-01-01 2022-12-31 09850650 frs-core:CurrentFinancialInstruments 2022-12-31 09850650 frs-core:Non-currentFinancialInstruments 2022-12-31 09850650 frs-core:ShareCapital 2022-12-31 09850650 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09850650 frs-core:CurrentFinancialInstruments 1 2022-12-31 09850650 frs-core:Non-currentFinancialInstruments 1 2022-12-31
Registered number: 09850650
Lopez Landa Interiors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09850650
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,879 4,021
2,879 4,021
CURRENT ASSETS
Debtors 5 88,185 194,618
Cash at bank and in hand 66,346 432,603
154,531 627,221
Creditors: Amounts Falling Due Within One Year 6 (31,127 ) (304,675 )
NET CURRENT ASSETS (LIABILITIES) 123,404 322,546
TOTAL ASSETS LESS CURRENT LIABILITIES 126,283 326,567
Creditors: Amounts Falling Due After More Than One Year 7 (13,300 ) (185,012 )
NET ASSETS 112,983 141,555
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 112,883 141,455
SHAREHOLDERS' FUNDS 112,983 141,555
Page 1
Page 2
For the year ending 31 December 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 Jose Luis Lopez Ezcurdia
Director
02/09/2024
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
Lopez Landa Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09850650 . The registered office is Level 2, 70 Mark Lane, London, EC3R 7NQ.
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 25% - reducing balance
Office Equipment 33.33% - reducing balance
2.4. 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.
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Fixtures & Fittings Office Equipment Total
£ £ £
Cost
As at 1 January 2023 12,086 6,146 18,232
As at 31 December 2023 12,086 6,146 18,232
Depreciation
As at 1 January 2023 9,691 4,520 14,211
Provided during the period 599 543 1,142
As at 31 December 2023 10,290 5,063 15,353
Net Book Value
As at 31 December 2023 1,796 1,083 2,879
As at 1 January 2023 2,395 1,626 4,021
Office Equipment represents Computers and it accessories plus printers.
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 44,817 55,843
Prepayments and accrued income - 100,245
CIS witheld 139 37,804
PAYE & NIC (Current liabilities - creditors < 1 year) 514 514
Director's loan account 4,911 212
Amounts owed by group undertakings 37,804 -
88,185 194,618
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,624 262,384
Bank loans and overdrafts 29,490 38,351
VAT 13 3,450
Pension Cost Payable (Current liabilities - creditors < 1 year) - 490
31,127 304,675
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Shareholder Loan Account 13,300 185,012
13,300 185,012
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 5