Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC036000 Mr Charles Biagioni Mrs Lynne Biagioni Mr Dante Biagioni iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC036000 2023-01-31 SC036000 2024-01-31 SC036000 2023-02-01 2024-01-31 SC036000 frs-core:CurrentFinancialInstruments 2024-01-31 SC036000 frs-core:Non-currentFinancialInstruments 2024-01-31 SC036000 frs-core:ComputerEquipment 2024-01-31 SC036000 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC036000 frs-core:ComputerEquipment 2023-01-31 SC036000 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 SC036000 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC036000 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 SC036000 frs-core:CapitalRedemptionReserve 2024-01-31 SC036000 frs-core:ShareCapital 2024-01-31 SC036000 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC036000 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC036000 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC036000 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC036000 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC036000 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC036000 frs-bus:Director1 2023-02-01 2024-01-31 SC036000 frs-bus:Director2 2023-02-01 2024-01-31 SC036000 frs-bus:Director3 2023-02-01 2024-01-31 SC036000 frs-countries:Scotland 2023-02-01 2024-01-31 SC036000 2022-01-31 SC036000 2023-01-31 SC036000 2022-02-01 2023-01-31 SC036000 frs-core:CurrentFinancialInstruments 2023-01-31 SC036000 frs-core:Non-currentFinancialInstruments 2023-01-31 SC036000 frs-core:CapitalRedemptionReserve 2023-01-31 SC036000 frs-core:ShareCapital 2023-01-31 SC036000 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC036000
Langlands Fish Fryers Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
J Bruce Andrew & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC036000
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 123,275 127,015
123,275 127,015
CURRENT ASSETS
Debtors 5 5,667 12,333
Cash at bank and in hand 76,496 140,823
82,163 153,156
Creditors: Amounts Falling Due Within One Year 6 (7,697 ) (10,179 )
NET CURRENT ASSETS (LIABILITIES) 74,466 142,977
TOTAL ASSETS LESS CURRENT LIABILITIES 197,741 269,992
Creditors: Amounts Falling Due After More Than One Year 7 (3,834 ) (5,834 )
NET ASSETS 193,907 264,158
CAPITAL AND RESERVES
Called up share capital 8 1,001 1,001
Capital redemption reserve 1,000 1,000
Profit and Loss Account 191,906 262,157
SHAREHOLDERS' FUNDS 193,907 264,158
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Page 2
For the year ending 31 January 2024 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 Charles Biagioni
Director
25/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Langlands Fish Fryers Limited is a private company, limited by shares, incorporated in Scotland, registered number SC036000 . The registered office is 21 Forbes Place, Paisley, PA1 1UT.
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 2% Straight Line
Computer Equipment 25% straight line
2.4. 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.
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: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 208,559 449 209,008
Additions - 350 350
As at 31 January 2024 208,559 799 209,358
Depreciation
As at 1 February 2023 81,881 112 81,993
Provided during the period 3,918 172 4,090
As at 31 January 2024 85,799 284 86,083
Net Book Value
As at 31 January 2024 122,760 515 123,275
As at 1 February 2023 126,678 337 127,015
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,667 12,333
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,000 2,000
Corporation tax 3,104 5,964
Accruals and deferred income 1,921 1,770
Directors' loan accounts 672 445
7,697 10,179
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,834 5,834
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,001 1,001
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