Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06443615 Mr Phil Bennett Mrs Jenna Bennett Mrs Jenna Bennett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06443615 2022-12-31 06443615 2023-12-31 06443615 2023-01-01 2023-12-31 06443615 frs-core:CurrentFinancialInstruments 2023-12-31 06443615 frs-core:Non-currentFinancialInstruments 2023-12-31 06443615 frs-core:ComputerEquipment 2023-12-31 06443615 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06443615 frs-core:ComputerEquipment 2022-12-31 06443615 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06443615 frs-core:MotorVehicles 2023-12-31 06443615 frs-core:MotorVehicles 2023-01-01 2023-12-31 06443615 frs-core:MotorVehicles 2022-12-31 06443615 frs-core:PlantMachinery 2023-12-31 06443615 frs-core:PlantMachinery 2023-01-01 2023-12-31 06443615 frs-core:PlantMachinery 2022-12-31 06443615 frs-core:ShareCapital 2023-12-31 06443615 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06443615 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06443615 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06443615 frs-bus:SmallEntities 2023-01-01 2023-12-31 06443615 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06443615 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06443615 frs-bus:Director1 2023-01-01 2023-12-31 06443615 frs-bus:Director2 2023-01-01 2023-12-31 06443615 frs-bus:Director3 2023-01-01 2023-12-31 06443615 frs-countries:EnglandWales 2023-01-01 2023-12-31 06443615 2021-12-31 06443615 2022-12-31 06443615 2022-01-01 2022-12-31 06443615 frs-core:CurrentFinancialInstruments 2022-12-31 06443615 frs-core:Non-currentFinancialInstruments 2022-12-31 06443615 frs-core:ShareCapital 2022-12-31 06443615 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06443615
Lineout (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06443615
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,280 67,041
50,280 67,041
CURRENT ASSETS
Debtors 5 100,262 113,374
Cash at bank and in hand 4,090 7,031
104,352 120,405
Creditors: Amounts Falling Due Within One Year 6 (141,001 ) (146,076 )
NET CURRENT ASSETS (LIABILITIES) (36,649 ) (25,671 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,631 41,370
Creditors: Amounts Falling Due After More Than One Year 7 (24,242 ) (34,604 )
NET (LIABILITIES)/ASSETS (10,611 ) 6,766
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (10,612 ) 6,765
SHAREHOLDERS' FUNDS (10,611) 6,766
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 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 Phil Bennett
Director
03/09/2024
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
Lineout (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06443615 . The registered office is LAS Partnership, The Rivendell Centre, White Horse Lane, Maldon, Essex, CM9 5QP.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 9)
9 9
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 50,656 130,613 1,300 182,569
As at 31 December 2023 50,656 130,613 1,300 182,569
Depreciation
As at 1 January 2023 31,796 82,922 810 115,528
Provided during the period 4,715 11,923 123 16,761
As at 31 December 2023 36,511 94,845 933 132,289
Net Book Value
As at 31 December 2023 14,145 35,768 367 50,280
As at 1 January 2023 18,860 47,691 490 67,041
5. Debtors
2023 2022
£ £
Due within one year
Amounts recoverable on contracts 100,262 113,374
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Capital grants 141,001 146,076
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Capital grants 24,242 34,604
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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