Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 3 July 2022 false 1 August 2023 31 July 2024 31 July 2024 14210628 A M Carter M B Carter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14210628 2023-07-31 14210628 2024-07-31 14210628 2023-08-01 2024-07-31 14210628 frs-core:CurrentFinancialInstruments 2024-07-31 14210628 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 14210628 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 14210628 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 14210628 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 14210628 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14210628 frs-core:MotorVehicles 2023-08-01 2024-07-31 14210628 frs-core:OtherResidualIntangibleAssets 2024-07-31 14210628 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 14210628 frs-core:OtherResidualIntangibleAssets 2023-07-31 14210628 frs-core:PlantMachinery 2024-07-31 14210628 frs-core:PlantMachinery 2023-08-01 2024-07-31 14210628 frs-core:PlantMachinery 2023-07-31 14210628 frs-core:ShareCapital 2024-07-31 14210628 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14210628 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14210628 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14210628 frs-bus:SmallEntities 2023-08-01 2024-07-31 14210628 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14210628 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14210628 frs-bus:Director1 2023-08-01 2024-07-31 14210628 frs-bus:Director2 2023-08-01 2024-07-31 14210628 frs-countries:EnglandWales 2023-08-01 2024-07-31 14210628 2022-07-02 14210628 2023-07-31 14210628 2022-07-03 2023-07-31 14210628 frs-core:CurrentFinancialInstruments 2023-07-31 14210628 frs-core:ShareCapital 2023-07-31 14210628 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14210628
Lola's House Residential Home Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Paragon Business Services
178 Hull Road
Hessle
East Yorkshire
HU13 9NH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14210628
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,215 17,898
Tangible Assets 5 221,364 9,232
236,579 27,130
CURRENT ASSETS
Debtors 6 39,616 6,043
Cash at bank and in hand 25,994 193
65,610 6,236
Creditors: Amounts Falling Due Within One Year 7 (265,210 ) (255,496 )
NET CURRENT ASSETS (LIABILITIES) (199,600 ) (249,260 )
TOTAL ASSETS LESS CURRENT LIABILITIES 36,979 (222,130 )
NET ASSETS/(LIABILITIES) 36,979 (222,130 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 36,977 (222,132 )
SHAREHOLDERS' FUNDS 36,979 (222,130)
Page 1
Page 2
For the year ending 31 July 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
A M Carter
Director
27 August 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
Lola's House Residential Home Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14210628 . The registered office is Krowdrah, Southfield, Hessle, HU13 0EL.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are legal fees relating to new lease. It is amortised to profit and loss account over its estimated economic life of 8 years.
2.4. 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 20 years
Leasehold 7 years
Plant & Machinery 15% wrtten down value
Motor Vehicles 25% written down value
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 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.
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: 23 (2023: 18)
23 18
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 20,881
As at 31 July 2024 20,881
Amortisation
As at 1 August 2023 2,983
Provided during the period 2,683
As at 31 July 2024 5,666
Net Book Value
As at 31 July 2024 15,215
As at 1 August 2023 17,898
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2023 6,655 3,552 10,207
Additions 185,867 42,757 228,624
As at 31 July 2024 192,522 46,309 238,831
Depreciation
As at 1 August 2023 443 532 975
Provided during the period 9,626 6,866 16,492
As at 31 July 2024 10,069 7,398 17,467
Net Book Value
As at 31 July 2024 182,453 38,911 221,364
As at 1 August 2023 6,212 3,020 9,232
6. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Trade debtors 39,616 6,043
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Other creditors 262,532 255,496
Taxation and social security 2,678 -
265,210 255,496
8. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5