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 08304853 Mr Michael Ayre Mr Andrew Macmillen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08304853 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 08304853 2022-12-31 08304853 2023-12-31 08304853 2023-01-01 2023-12-31 08304853 frs-core:CurrentFinancialInstruments 2023-12-31 08304853 frs-core:Non-currentFinancialInstruments 2023-12-31 08304853 frs-core:ComputerEquipment 2023-12-31 08304853 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08304853 frs-core:ComputerEquipment 2022-12-31 08304853 frs-core:FurnitureFittings 2023-12-31 08304853 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08304853 frs-core:FurnitureFittings 2022-12-31 08304853 frs-core:ShareCapital 2023-12-31 08304853 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08304853 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08304853 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08304853 frs-bus:SmallEntities 2023-01-01 2023-12-31 08304853 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08304853 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08304853 frs-bus:Director1 2023-01-01 2023-12-31 08304853 frs-bus:Director2 2023-01-01 2023-12-31 08304853 frs-countries:EnglandWales 2023-01-01 2023-12-31 08304853 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-12-31 08304853 2021-12-31 08304853 2022-12-31 08304853 2022-01-01 2022-12-31 08304853 frs-core:CurrentFinancialInstruments 2022-12-31 08304853 frs-core:Non-currentFinancialInstruments 2022-12-31 08304853 frs-core:ShareCapital 2022-12-31 08304853 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08304853
LW Measurements Europe Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Formulate Change Ltd T/A Osborne & Co
203 London Road
Hadleigh
Essex
SS7 2RD
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08304853
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 30,675 35,371
Debtors 6 3,428 7,541
Cash at bank and in hand 27,537 23,924
61,640 66,836
Creditors: Amounts Falling Due Within One Year 7 (11,758 ) (10,967 )
NET CURRENT ASSETS (LIABILITIES) 49,882 55,869
TOTAL ASSETS LESS CURRENT LIABILITIES 49,882 55,869
Creditors: Amounts Falling Due After More Than One Year 8 (28,472 ) (32,456 )
NET ASSETS 21,410 23,413
CAPITAL AND RESERVES
Called up share capital 9 504 504
Income Statement 20,906 22,909
SHAREHOLDERS' FUNDS 21,410 23,413
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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.
On behalf of the board
Mr Michael Ayre
Director
14/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
LW Measurements Europe Limited is a private company, limited by shares, incorporated in Wales, registered number 08304853 . The registered office is 203 London Road, Hadleigh, Benfleet, Essex, SS7 2RD.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when all the following conditions are recognised:
  • 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.
  • the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.
  • the ammount of revenue can be reliably measured.
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 basis:
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost is based on a first in, first out basis. Cost also includes all direct costs and an appropriate proportion of fixed and variable overheads. Finished goods include attributable overheads.
2.5. Financial Instruments
The company only enters into basic financial instrument tranactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable within one year), including loans and other amounts receivable and payable, are initially measured at present value of the future cash flows and subsequentlty at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initilally and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt beyond nomal business terms or in case of an outirght short term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a simliar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
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2.6. Foreign Currencies
Functional and presentation currency
The Company's functional and presentational currency is GDP

Transactions and balances
At each period end, monetary assets and liabilities in foreign currencies are translated into sterling using the closing rates of exchange.Non- monetary items measured at historical cost are translated using the exchange rate at the date of the transactionand non-monetary items measured at fair value are measured at fair value are measured using the exchange rate when fair value was determined.

Transactions in foreign currencies are translated into sterling at the spot exchange ruling on the date of the transaction.

Exchange differences are taken into account in arriving at the operating profit.
2.7. Debtors
Short term debtors are measured at the transaction price, less any impairment.
2.8. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 580 2,020 2,600
As at 31 December 2023 580 2,020 2,600
Depreciation
As at 1 January 2023 580 2,020 2,600
As at 31 December 2023 580 2,020 2,600
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 - - -
5. Stocks
2023 2022
£ £
Finished goods 30,675 35,371
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,805 1,144
VAT 1,623 6,397
3,428 7,541
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,228 2,665
Bank loans and overdrafts 4,437 5,058
Corporation tax 60 60
Accruals and deferred income 4,349 1,500
Directors' loan accounts 1,684 1,684
11,758 10,967
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 28,472 32,456
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 10,723 12,223
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 504 504
10. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid - 11,000
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting 
11. Related Party Transactions
The directors were not voted dividends in the year ended 31 December 2023 (2022 £5,500 each)
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