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 06446300 B McCarthy S McCarthy S McCarthy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06446300 2022-12-31 06446300 2023-12-31 06446300 2023-01-01 2023-12-31 06446300 frs-core:CurrentFinancialInstruments 2023-12-31 06446300 frs-core:Non-currentFinancialInstruments 2023-12-31 06446300 frs-core:ComputerEquipment 2023-12-31 06446300 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06446300 frs-core:ComputerEquipment 2022-12-31 06446300 frs-core:FurnitureFittings 2023-12-31 06446300 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06446300 frs-core:FurnitureFittings 2022-12-31 06446300 frs-core:ShareCapital 2023-12-31 06446300 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06446300 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06446300 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06446300 frs-bus:SmallEntities 2023-01-01 2023-12-31 06446300 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06446300 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06446300 frs-bus:Director1 2023-01-01 2023-12-31 06446300 frs-bus:Director1 2022-12-31 06446300 frs-bus:Director1 2023-12-31 06446300 frs-bus:Director2 2023-01-01 2023-12-31 06446300 frs-bus:Director2 2022-12-31 06446300 frs-bus:Director2 2023-12-31 06446300 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06446300 frs-countries:EnglandWales 2023-01-01 2023-12-31 06446300 2021-12-31 06446300 2022-12-31 06446300 2022-01-01 2022-12-31 06446300 frs-core:CurrentFinancialInstruments 2022-12-31 06446300 frs-core:Non-currentFinancialInstruments 2022-12-31 06446300 frs-core:ShareCapital 2022-12-31 06446300 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06446300
LionbridgePR LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Brooks & Partners Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06446300
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,755 28,846
23,755 28,846
CURRENT ASSETS
Debtors 5 137,441 99,104
Cash at bank and in hand 19,266 54,524
156,707 153,628
Creditors: Amounts Falling Due Within One Year 6 (153,383 ) (135,706 )
NET CURRENT ASSETS (LIABILITIES) 3,324 17,922
TOTAL ASSETS LESS CURRENT LIABILITIES 27,079 46,768
Creditors: Amounts Falling Due After More Than One Year 7 (26,667 ) (46,667 )
NET ASSETS 412 101
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 312 1
SHAREHOLDERS' FUNDS 412 101
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 Income Statement.
On behalf of the board
S McCarthy
Director
16 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
LionbridgePR LTD is a private company, limited by shares, incorporated in England & Wales, registered number 06446300 . The registered office is 1 Elm Street, Stamford, Lincolnshire, PE9 1QF.
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 rendering of services. Turnover is reduced for customer rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 
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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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 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.
Current 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 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: 8 (2022: 7)
8 7
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 28,627 17,492 46,119
Additions 2,890 2,000 4,890
As at 31 December 2023 31,517 19,492 51,009
Depreciation
As at 1 January 2023 12,681 4,592 17,273
Provided during the period 5,341 4,640 9,981
As at 31 December 2023 18,022 9,232 27,254
Net Book Value
As at 31 December 2023 13,495 10,260 23,755
As at 1 January 2023 15,946 12,900 28,846
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 56,679 49,822
Prepayments and accrued income 10,446 4,720
Other debtors 4,750 4,750
Directors' loan accounts 62,647 39,812
134,522 99,104
Due after more than one year
Corporation tax recoverable assets 2,919 -
137,441 99,104
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,295 6,852
Bank loans and overdrafts 20,000 20,000
Corporation tax 78,356 59,263
Other taxes and social security 3,646 3,345
...CONTINUED
Page 4
Page 5
VAT 40,744 43,884
Other creditors 1,342 562
Accruals and deferred income - 1,800
153,383 135,706
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 26,667 46,667
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £574 (PY £562) were due to the fund. They are included in Other Creditors.
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Ben McCarthy 19,906 31,324 19,906 - 31,324
Mrs Sophie McCarthy 19,906 31,324 19,906 - 31,324
The above loans are unsecured, interest free and repayable on demand.
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 40,000 24,000
Final dividend paid 112,000 149,000
152,000 173,000
Page 5