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 04601186 Mr Garry Stott Mrs Sarah Stott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04601186 2022-12-31 04601186 2023-12-31 04601186 2023-01-01 2023-12-31 04601186 frs-core:CurrentFinancialInstruments 2023-12-31 04601186 frs-core:Non-currentFinancialInstruments 2023-12-31 04601186 frs-core:FurnitureFittings 2023-12-31 04601186 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04601186 frs-core:FurnitureFittings 2022-12-31 04601186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04601186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04601186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 04601186 frs-core:MotorVehicles 2023-12-31 04601186 frs-core:MotorVehicles 2023-01-01 2023-12-31 04601186 frs-core:MotorVehicles 2022-12-31 04601186 frs-core:PlantMachinery 2023-12-31 04601186 frs-core:PlantMachinery 2023-01-01 2023-12-31 04601186 frs-core:PlantMachinery 2022-12-31 04601186 frs-core:ShareCapital 2023-12-31 04601186 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04601186 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04601186 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04601186 frs-bus:SmallEntities 2023-01-01 2023-12-31 04601186 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04601186 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04601186 frs-bus:Director1 2023-01-01 2023-12-31 04601186 frs-bus:Director2 2023-01-01 2023-12-31 04601186 frs-countries:EnglandWales 2023-01-01 2023-12-31 04601186 2021-12-31 04601186 2022-12-31 04601186 2022-01-01 2022-12-31 04601186 frs-core:CurrentFinancialInstruments 2022-12-31 04601186 frs-core:Non-currentFinancialInstruments 2022-12-31 04601186 frs-core:ShareCapital 2022-12-31 04601186 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04601186
Larchfield Associates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04601186
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 77,540 82,223
77,540 82,223
CURRENT ASSETS
Debtors 5 108,887 84,503
Cash at bank and in hand 42,625 37,700
151,512 122,203
Creditors: Amounts Falling Due Within One Year 6 (115,612 ) (85,767 )
NET CURRENT ASSETS (LIABILITIES) 35,900 36,436
TOTAL ASSETS LESS CURRENT LIABILITIES 113,440 118,659
Creditors: Amounts Falling Due After More Than One Year 7 (25,000 ) (33,333 )
NET ASSETS 88,440 85,326
CAPITAL AND RESERVES
Called up share capital 9 303 303
Profit and Loss Account 88,137 85,023
SHAREHOLDERS' FUNDS 88,440 85,326
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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 Garry Stott
Director
30/08/2024
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
Larchfield Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04601186 . The registered office is 42 Hedge Top Lane, Northowram Halifax, West Yorkshire, HX3 7ER.
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:
Freehold 0%
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over 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.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 17,222 147,366 15,533 33,629 213,750
Additions - 758 23,128 - 23,886
Disposals - (7,125 ) (15,533 ) - (22,658 )
As at 31 December 2023 17,222 140,999 23,128 33,629 214,978
Depreciation
As at 1 January 2023 - 106,104 4,126 21,297 131,527
Provided during the period - 7,675 3,373 2,466 13,514
Disposals - (3,477 ) (4,126 ) - (7,603 )
As at 31 December 2023 - 110,302 3,373 23,763 137,438
Net Book Value
As at 31 December 2023 17,222 30,697 19,755 9,866 77,540
As at 1 January 2023 17,222 41,262 11,407 12,332 82,223
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 103,887 79,503
Other debtors 5,000 5,000
108,887 84,503
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 58,758 47,827
Bank loans and overdrafts 8,333 8,333
Corporation tax 25,219 11,333
Other taxes and social security 730 860
VAT 14,162 7,042
Other creditors 6,673 7,344
Accruals and deferred income 1,389 1,389
Directors' loan accounts 348 1,639
115,612 85,767
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,000 33,333
25,000 33,333
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 303 303
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