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 07712008 Mr Kerry Tan Mr Lenny Tan Mr Lenny Tan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07712008 2023-03-31 07712008 2024-03-31 07712008 2023-04-01 2024-03-31 07712008 frs-core:CurrentFinancialInstruments 2024-03-31 07712008 frs-core:ComputerEquipment 2024-03-31 07712008 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07712008 frs-core:ComputerEquipment 2023-03-31 07712008 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 07712008 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 07712008 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 07712008 frs-core:FurnitureFittings 2024-03-31 07712008 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07712008 frs-core:FurnitureFittings 2023-03-31 07712008 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07712008 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07712008 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 07712008 frs-core:OtherResidualIntangibleAssets 2024-03-31 07712008 frs-core:OtherResidualIntangibleAssets 2023-03-31 07712008 frs-core:PlantMachinery 2024-03-31 07712008 frs-core:PlantMachinery 2023-04-01 2024-03-31 07712008 frs-core:PlantMachinery 2023-03-31 07712008 frs-core:ShareCapital 2024-03-31 07712008 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07712008 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07712008 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07712008 frs-bus:SmallEntities 2023-04-01 2024-03-31 07712008 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07712008 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07712008 frs-bus:Director1 2023-04-01 2024-03-31 07712008 frs-bus:Director2 2023-04-01 2024-03-31 07712008 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 07712008 1 2023-04-01 2024-03-31 07712008 frs-countries:EnglandWales 2023-04-01 2024-03-31 07712008 2022-03-31 07712008 2023-03-31 07712008 2022-04-01 2023-03-31 07712008 frs-core:CurrentFinancialInstruments 2023-03-31 07712008 frs-core:ShareCapital 2023-03-31 07712008 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07712008 1 2022-04-01 2023-03-31
Registered number: 07712008
LKR Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07712008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 40,200 48,426
40,200 48,426
CURRENT ASSETS
Stocks 418,215 373,756
Debtors 6 164,287 102,356
Cash at bank and in hand 381,385 385,444
963,887 861,556
Creditors: Amounts Falling Due Within One Year 7 (544,595 ) (465,192 )
NET CURRENT ASSETS (LIABILITIES) 419,292 396,364
TOTAL ASSETS LESS CURRENT LIABILITIES 459,492 444,790
NET ASSETS 459,492 444,790
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 459,392 444,690
SHAREHOLDERS' FUNDS 459,492 444,790
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 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
Mr Lenny Tan
Director
4 September 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
LKR Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 07712008 . The registered office is 34 West Street, Horsham, England, RH12 1PB.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised at the point that the customer takes delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Franchise Licence and Training and Opening Support Fees are being written off in equal annual instalments over their estimated economic life of 5 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:
Leasehold 20% straight line
Office equipment 20% straight line
Fixtures and fittings 20% straight line
Computer equipment 33.33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. 
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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2.7. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 49 56
49 56
4. Intangible Assets
Franchise licence Training and opening support fees Total
£ £ £
Cost
As at 1 April 2023 120,000 51,005 171,005
As at 31 March 2024 120,000 51,005 171,005
Amortisation
As at 1 April 2023 120,000 51,005 171,005
As at 31 March 2024 120,000 51,005 171,005
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - - -
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5. Tangible Assets
Land & Property
Leasehold Office equipment Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 91,041 8,722 606,780 97,905 804,448
Additions - - 1,221 9,507 10,728
As at 31 March 2024 91,041 8,722 608,001 107,412 815,176
Depreciation
As at 1 April 2023 85,521 8,646 585,823 76,032 756,022
Provided during the period 1,173 50 5,922 11,809 18,954
As at 31 March 2024 86,694 8,696 591,745 87,841 774,976
Net Book Value
As at 31 March 2024 4,347 26 16,256 19,571 40,200
As at 1 April 2023 5,520 76 20,957 21,873 48,426
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,741 6,518
Other debtors 140,546 95,838
164,287 102,356
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 314,937 255,375
Other creditors 140,077 118,846
Taxation and social security 89,581 90,971
544,595 465,192
8. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet are £712,359 (2023 : £554,542).
Page 5