Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 2 February 2022 false 1 April 2023 31 March 2024 31 March 2024 13887391 Mr Peter Millican Mr John Nugent Mr Richard Cullen Miss Geffen Yoeli-Rimmer Velocity Company Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13887391 2023-03-31 13887391 2024-03-31 13887391 2023-04-01 2024-03-31 13887391 frs-core:CurrentFinancialInstruments 2024-03-31 13887391 frs-core:Non-currentFinancialInstruments 2024-03-31 13887391 frs-core:ComputerEquipment 2024-03-31 13887391 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13887391 frs-core:ComputerEquipment 2023-03-31 13887391 frs-core:FurnitureFittings 2024-03-31 13887391 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13887391 frs-core:FurnitureFittings 2023-03-31 13887391 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 13887391 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 13887391 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 13887391 frs-core:PlantMachinery 2024-03-31 13887391 frs-core:PlantMachinery 2023-04-01 2024-03-31 13887391 frs-core:PlantMachinery 2023-03-31 13887391 frs-core:SharePremium 2024-03-31 13887391 frs-core:ShareCapital 2024-03-31 13887391 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13887391 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13887391 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13887391 frs-bus:SmallEntities 2023-04-01 2024-03-31 13887391 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13887391 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13887391 frs-bus:Director1 2023-04-01 2024-03-31 13887391 frs-bus:Director2 2023-04-01 2024-03-31 13887391 frs-bus:Director3 2023-04-01 2024-03-31 13887391 frs-bus:Director4 2023-04-01 2024-03-31 13887391 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 13887391 frs-countries:EnglandWales 2023-04-01 2024-03-31 13887391 2022-02-01 13887391 2023-03-31 13887391 2022-02-02 2023-03-31 13887391 frs-core:CurrentFinancialInstruments 2023-03-31 13887391 frs-core:Non-currentFinancialInstruments 2023-03-31 13887391 frs-core:SharePremium 2023-03-31 13887391 frs-core:ShareCapital 2023-03-31 13887391 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13887391
Lemon And Honey Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ETC Finance LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13887391
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,802,261 1,844,844
1,802,261 1,844,844
CURRENT ASSETS
Stocks 5 18,229 14,563
Debtors 6 37,015 23,242
Cash at bank and in hand 23,278 84,644
78,522 122,449
Creditors: Amounts Falling Due Within One Year 7 (1,300,647 ) (622,657 )
NET CURRENT ASSETS (LIABILITIES) (1,222,125 ) (500,208 )
TOTAL ASSETS LESS CURRENT LIABILITIES 580,136 1,344,636
Creditors: Amounts Falling Due After More Than One Year 8 (2,000,000 ) (2,000,000 )
NET LIABILITIES (1,419,864 ) (655,364 )
CAPITAL AND RESERVES
Called up share capital 9 4 4
Share premium account 39,996 39,996
Profit and Loss Account (1,459,864 ) (695,364 )
SHAREHOLDERS' FUNDS (1,419,864) (655,364)
Page 1
Page 2
For the year ending 31 March 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 Peter Millican
Director
08/10/2024
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
Lemon And Honey Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13887391 . The registered office is Veale Wasbrough Vizards Llp Narrow Quay House, Narrow Quay, Bristol, BS1 4QA.
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:
Leasehold 25 years straight line
Plant & Machinery 5 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 4 years straight line
2.4. 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: 30 (2023: 31)
30 31
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,668,849 214,637 5,177 11,387 1,900,050
Additions 36,898 4,049 23,400 11,715 76,062
As at 31 March 2024 1,705,747 218,686 28,577 23,102 1,976,112
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 32,273 21,284 405 1,244 55,206
Provided during the period 67,140 43,165 3,222 5,118 118,645
As at 31 March 2024 99,413 64,449 3,627 6,362 173,851
Net Book Value
As at 31 March 2024 1,606,334 154,237 24,950 16,740 1,802,261
As at 1 April 2023 1,636,576 193,353 4,772 10,143 1,844,844
5. Stocks
31 March 2024 31 March 2023
£ £
Finished goods 18,229 14,563
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 2,683 6,745
Prepayments and accrued income 31,151 16,497
VAT 3,181 -
37,015 23,242
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 309,123 125,271
VAT - 10,660
Other creditors 57,977 31,975
Accruals and deferred income 110,294 89,498
Directors' loan accounts 823,253 365,253
1,300,647 622,657
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Other loans 2,000,000 2,000,000
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 4 4
Page 4
Page 5
10. Related Party Transactions
Peter Millican is also a director of Parabola Limited, who have provided a £2,000,000 loan to Lemon & Honey Limited.
Page 5