Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 12 September 2024 1 January 2023 31 December 2023 31 December 2023 06340326 Mr Murray Carlyon Mr Russell Napthine Mr Darryl Flint Mr Craig Tunley Mr Nico Miller Mr Julian Tunley Mr Ronnie Myatt Mr Matthew Parsons The Heron Educational Trust true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06340326 2022-12-31 06340326 2023-12-31 06340326 2023-01-01 2023-12-31 06340326 frs-core:CurrentFinancialInstruments 2023-12-31 06340326 frs-core:Non-currentFinancialInstruments 2023-12-31 06340326 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06340326 frs-core:FurnitureFittings 2023-12-31 06340326 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06340326 frs-core:FurnitureFittings 2022-12-31 06340326 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06340326 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06340326 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 06340326 frs-core:MotorVehicles 2023-12-31 06340326 frs-core:MotorVehicles 2023-01-01 2023-12-31 06340326 frs-core:MotorVehicles 2022-12-31 06340326 frs-core:PlantMachinery 2023-12-31 06340326 frs-core:PlantMachinery 2023-01-01 2023-12-31 06340326 frs-core:PlantMachinery 2022-12-31 06340326 frs-core:ShareCapital 2023-12-31 06340326 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06340326 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06340326 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06340326 frs-bus:SmallEntities 2023-01-01 2023-12-31 06340326 frs-bus:Audited 2023-01-01 2023-12-31 06340326 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06340326 1 2023-01-01 2023-12-31 06340326 frs-bus:Director1 2023-01-01 2023-12-31 06340326 frs-bus:Director2 2023-01-01 2023-12-31 06340326 frs-bus:Director3 2023-01-01 2023-12-31 06340326 frs-bus:Director4 2023-01-01 2023-12-31 06340326 frs-bus:Director5 2023-01-01 2023-12-31 06340326 frs-bus:Director6 2023-01-01 2023-12-31 06340326 frs-bus:Director7 2023-01-01 2023-12-31 06340326 frs-bus:Director8 2023-01-01 2023-12-31 06340326 frs-countries:EnglandWales 2023-01-01 2023-12-31 06340326 2021-12-31 06340326 2022-12-31 06340326 2022-01-01 2022-12-31 06340326 frs-core:CurrentFinancialInstruments 2022-12-31 06340326 frs-core:Non-currentFinancialInstruments 2022-12-31 06340326 frs-core:ShareCapital 2022-12-31 06340326 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06340326
Larchcroft Trading Co Ltd
Financial Statements
For The Year Ended 31 December 2023
mca Banbury Ltd
4 - 6 The Wharf Centre
Wharf Street
Warwick
Warwickshire
CV34 5LB
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06340326
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 313,452 98,462
313,452 98,462
CURRENT ASSETS
Stocks 5 157,247 131,674
Debtors 6 98,200 57,761
Cash at bank and in hand 170,769 35,763
426,216 225,198
Creditors: Amounts Falling Due Within One Year 7 (299,527 ) (101,707 )
NET CURRENT ASSETS (LIABILITIES) 126,689 123,491
TOTAL ASSETS LESS CURRENT LIABILITIES 440,141 221,953
Creditors: Amounts Falling Due After More Than One Year 8 (130,000 ) -
NET ASSETS 310,141 221,953
CAPITAL AND RESERVES
Called up share capital 9 116,002 2
Profit and Loss Account 194,139 221,951
SHAREHOLDERS' FUNDS 310,141 221,953
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 Craig Tunley
Director
22/08/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Larchcroft Trading Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06340326 . The registered office is Larchcroft Trading Co Ltd Bromley Barns, Harwich Road, Great Bromley, Essex, CO7 7JG.
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.
Larchcroft Trading Co Ltd limited is a member of a public benefit group.
These financial statements are prepared in Sterling, which is the functional currency of the company. All the monetary amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. 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.
2.5. 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 10% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 33% Straight Line
2.6. 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.
Page 2
Page 3
2.7. Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or receivables; are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be paid or received monetary amounts are rounded to the nearest £.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 86,443 19,232 40,250 30,755 176,680
Additions 244,346 11,857 - - 256,203
Disposals - (1,300 ) - - (1,300 )
Transfers - 71,005 (40,250 ) (30,755 ) -
As at 31 December 2023 330,789 100,794 - - 431,583
Depreciation
As at 1 January 2023 26,986 12,747 17,713 20,772 78,218
Provided during the period 22,736 17,177 - - 39,913
Transfers - 38,485 (17,713 ) (20,772 ) -
As at 31 December 2023 49,722 68,409 - - 118,131
Net Book Value
As at 31 December 2023 281,067 32,385 - - 313,452
As at 1 January 2023 59,457 6,485 22,537 9,983 98,462
5. Stocks
2023 2022
£ £
Stock 157,247 131,674
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 96,791 57,761
Other debtors 1,409 -
98,200 57,761
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 216,671 68,785
Bank loans and overdrafts 1 -
Other loans 50,000 -
Other creditors 31,531 25,280
Taxation and social security 1,324 7,642
299,527 101,707
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 130,000 -
130,000 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 116,002 2
10. Related Party Transactions
The company has taken advantage of the exemption available under FRS 102 section 33 'Related Party Disclosures' not to disclose details of its transactions with related parties. The exemption is available as the transactions are with other members of the group.
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Controlling Party
The company's ultimate controlling party is The Heron Educational Trust a charity registered in England with charity number 1057136  Harwich Road, Great Bromley, Essex, United Kingdom, CO7 7JG
13. Audit Information
The auditors report on the account of Larchcroft Trading Co Ltd for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Martin Cox (Senior Statutory Auditor) for and on behalf of MCA Banbury Ltd , Statutory Auditor
Page 4