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 07936507 Mrs Carol Lay Mr Andrew Lay Mr James Lay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07936507 2022-12-31 07936507 2023-12-31 07936507 2023-01-01 2023-12-31 07936507 frs-core:Non-currentFinancialInstruments 2023-12-31 07936507 frs-core:BetweenOneFiveYears 2023-12-31 07936507 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07936507 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07936507 frs-core:MotorVehicles 2023-01-01 2023-12-31 07936507 frs-core:PlantMachinery 2023-01-01 2023-12-31 07936507 frs-core:WithinOneYear 2023-12-31 07936507 frs-core:ShareCapital 2023-12-31 07936507 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07936507 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07936507 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 07936507 frs-bus:SmallEntities 2023-01-01 2023-12-31 07936507 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07936507 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07936507 frs-bus:Director1 2023-01-01 2023-12-31 07936507 frs-bus:Director2 2023-01-01 2023-12-31 07936507 frs-bus:Director3 2023-01-01 2023-12-31 07936507 frs-countries:EnglandWales 2023-01-01 2023-12-31 07936507 2021-12-31 07936507 2022-12-31 07936507 2022-01-01 2022-12-31 07936507 frs-core:Non-currentFinancialInstruments 2022-12-31 07936507 frs-core:BetweenOneFiveYears 2022-12-31 07936507 frs-core:WithinOneYear 2022-12-31 07936507 frs-core:ShareCapital 2022-12-31 07936507 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07936507
Lay of the Land Ltd
ABRIDGED Financial Statements
For The Year Ended 31 December 2023
David H Evans Ltd
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 07936507
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72,149 52,078
72,149 52,078
CURRENT ASSETS
Stocks 104,696 61,281
Debtors 3,277 5,736
Cash at bank and in hand 25,249 12,098
133,222 79,115
Creditors: Amounts Falling Due Within One Year (36,294 ) (44,879 )
NET CURRENT ASSETS (LIABILITIES) 96,928 34,236
TOTAL ASSETS LESS CURRENT LIABILITIES 169,077 86,314
Creditors: Amounts Falling Due After More Than One Year (200,533 ) (132,557 )
NET LIABILITIES (31,456 ) (46,243 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement (31,556 ) (46,343 )
SHAREHOLDERS' FUNDS (31,456) (46,243)
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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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Statement of Financial Position for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr James Lay
Director
23/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Lay of the Land Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07936507 . The registered office is Unit 27B, Mitton Road Business Park, Mitton Road, Whalley, Lancashire, BB7 9YE.
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 20% reducing balance
Computer Equipment 25% 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 income statement 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 income statement as incurred.
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2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 10)
9 10
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 161,585
Additions 41,317
As at 31 December 2023 202,902
Depreciation
As at 1 January 2023 109,507
Provided during the period 21,246
As at 31 December 2023 130,753
Net Book Value
As at 31 December 2023 72,149
As at 1 January 2023 52,078
5. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,156 8,997
Later than one year and not later than five years 12,811 6,314
21,967 15,311
21,967 15,311
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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