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 07112228 Mr Anthony Price Mr Spencer Price Mr Michael Walker Mrs Pauline Webb Mrs Pauline Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07112228 2023-01-31 07112228 2024-01-31 07112228 2023-02-01 2024-01-31 07112228 frs-core:CurrentFinancialInstruments 2024-01-31 07112228 frs-core:Non-currentFinancialInstruments 2024-01-31 07112228 frs-core:BetweenOneFiveYears 2024-01-31 07112228 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 07112228 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07112228 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 07112228 frs-core:MotorVehicles 2024-01-31 07112228 frs-core:MotorVehicles 2023-02-01 2024-01-31 07112228 frs-core:MotorVehicles 2023-01-31 07112228 frs-core:PlantMachinery 2024-01-31 07112228 frs-core:PlantMachinery 2023-02-01 2024-01-31 07112228 frs-core:PlantMachinery 2023-01-31 07112228 frs-core:WithinOneYear 2024-01-31 07112228 frs-core:ShareCapital 2024-01-31 07112228 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07112228 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07112228 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07112228 frs-bus:SmallEntities 2023-02-01 2024-01-31 07112228 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07112228 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07112228 frs-bus:OrdinaryShareClass2 2023-02-01 2024-01-31 07112228 frs-bus:OrdinaryShareClass2 2024-01-31 07112228 frs-bus:OrdinaryShareClass3 2023-02-01 2024-01-31 07112228 frs-bus:OrdinaryShareClass3 2024-01-31 07112228 frs-bus:OrdinaryShareClass4 2023-02-01 2024-01-31 07112228 frs-bus:OrdinaryShareClass4 2024-01-31 07112228 frs-bus:PreferenceShareClass1 2023-02-01 2024-01-31 07112228 frs-bus:PreferenceShareClass1 2024-01-31 07112228 frs-core:CostValuation 2023-01-31 07112228 frs-core:CostValuation 2024-01-31 07112228 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 07112228 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 07112228 frs-bus:Director1 2023-02-01 2024-01-31 07112228 frs-bus:Director2 2023-02-01 2024-01-31 07112228 frs-bus:Director3 2023-02-01 2024-01-31 07112228 frs-bus:Director3 2023-01-31 07112228 frs-bus:Director3 2024-01-31 07112228 frs-bus:Director4 2023-02-01 2024-01-31 07112228 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 07112228 frs-countries:EnglandWales 2023-02-01 2024-01-31 07112228 2022-01-31 07112228 2023-01-31 07112228 2022-02-01 2023-01-31 07112228 frs-core:CurrentFinancialInstruments 2023-01-31 07112228 frs-core:Non-currentFinancialInstruments 2023-01-31 07112228 frs-core:BetweenOneFiveYears 2023-01-31 07112228 frs-core:WithinOneYear 2023-01-31 07112228 frs-core:ShareCapital 2023-01-31 07112228 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 07112228 frs-bus:OrdinaryShareClass2 2022-02-01 2023-01-31 07112228 frs-bus:OrdinaryShareClass3 2022-02-01 2023-01-31 07112228 frs-bus:OrdinaryShareClass4 2022-02-01 2023-01-31 07112228 frs-bus:PreferenceShareClass1 2022-02-01 2023-01-31
Registered number: 07112228
Lydney Securities Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07112228
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 756,606 420,419
Investments 5 25,300 25,300
781,906 445,719
CURRENT ASSETS
Debtors 6 723,917 289,767
Cash at bank and in hand 705,620 364,374
1,429,537 654,141
Creditors: Amounts Falling Due Within One Year 7 (1,143,542 ) (206,764 )
NET CURRENT ASSETS (LIABILITIES) 285,995 447,377
TOTAL ASSETS LESS CURRENT LIABILITIES 1,067,901 893,096
Creditors: Amounts Falling Due After More Than One Year 8 (65,772 ) (54,183 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,803 ) (29,355 )
NET ASSETS 974,326 809,558
CAPITAL AND RESERVES
Called up share capital 10 25,150 25,150
Profit and Loss Account 949,176 784,408
SHAREHOLDERS' FUNDS 974,326 809,558
Page 1
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 Michael Walker
Director
06/10/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lydney Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07112228 . The registered office is Unit 143, Harbour Road Industrial Estate, Lydney, Glos, GL15 4EJ.
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 None
Plant & Machinery 35% straight line
Motor Vehicles 30% straight line
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. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Page 3
Page 4
2.6. 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.
2.7. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
2.8. Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 February 2023 262,445 90,392 348,373 701,210
Additions 347,826 - 92,046 439,872
Disposals - - (41,126 ) (41,126 )
As at 31 January 2024 610,271 90,392 399,293 1,099,956
Depreciation
As at 1 February 2023 - 74,361 206,430 280,791
Provided during the period - 5,521 57,038 62,559
As at 31 January 2024 - 79,882 263,468 343,350
...CONTINUED
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Page 5
Net Book Value
As at 31 January 2024 610,271 10,510 135,825 756,606
As at 1 February 2023 262,445 16,031 141,943 420,419
5. Investments
Other
£
Cost
As at 1 February 2023 25,300
As at 31 January 2024 25,300
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 25,300
As at 1 February 2023 25,300
Details of Undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital as follows:

TPS Industrial Property (Lydney) Ltd

  1. Registered office: Unit 143, Lydney Industrial Estate, Harbour Road, Lydney, GL15 4EJ, England
  2. Holding: Ordinary
  3. Proportion of voting rights and shares held: 100% (2021 - 100%)

TPS Gates & Doors Limited

  1. Registered office: Unit 143, Lydney Industrial Estate, Harbour Road, Lydney, GL15 4EJ, England
  2. Holding: Ordinary & redeemable preference
  3. Proportion of voting rights and shares held: 100% (2021 - 100%)
TPS (Lydney) Ltd

  1. Registered office: Unit 143, Lydney Industrial Estate, Harbour Road, Lydney, GL15 4EJ, England
  2. Holding: Ordinary
  3. Proportion of voting rights and shares held: 100% (2021 - 100%)



6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 84,074 45,988
VAT 4,861 -
Directors' loan accounts - 7,616
Amounts owed by group undertakings payable on demand 634,982 236,163
723,917 289,767
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 43,060 28,918
Trade creditors 40,727 2,547
Corporation tax 25,023 22,722
VAT - 8,242
Other creditors 90,000 -
Accruals and deferred income 68,293 101,596
Directors' loan accounts 19,794 39,239
Amounts owed to group undertakings payable on demand 856,645 3,500
1,143,542 206,764
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,772 54,183
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 43,060 28,918
Later than one year and not later than five years 65,772 54,183
108,832 83,101
108,832 83,101
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.000 each 50 50
50 Ordinary B shares of £ 1.000 each 50 50
50 Ordinary C shares of £ 1.000 each 50 50
150 150
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
25,000 Preference Shares of £ 1.000 each 25,000 25,000
Page 6
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Spencer Price 7,615 223,523 235,000 - (3,862 )
The above loan is unsecured, interest free and repayable on demand.
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