Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10235483 Mr Marc Trice Mr Darren Trice iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10235483 2023-06-30 10235483 2024-06-30 10235483 2023-07-01 2024-06-30 10235483 frs-core:CurrentFinancialInstruments 2024-06-30 10235483 frs-core:Non-currentFinancialInstruments 2024-06-30 10235483 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10235483 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 10235483 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10235483 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 10235483 frs-core:MotorVehicles 2024-06-30 10235483 frs-core:MotorVehicles 2023-07-01 2024-06-30 10235483 frs-core:MotorVehicles 2023-06-30 10235483 frs-core:PlantMachinery 2024-06-30 10235483 frs-core:PlantMachinery 2023-07-01 2024-06-30 10235483 frs-core:PlantMachinery 2023-06-30 10235483 frs-core:RevaluationReserve 2023-06-30 10235483 frs-core:RevaluationReserve 2024-06-30 10235483 frs-core:ShareCapital 2024-06-30 10235483 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10235483 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10235483 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10235483 frs-bus:SmallEntities 2023-07-01 2024-06-30 10235483 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10235483 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10235483 frs-bus:Director1 2023-07-01 2024-06-30 10235483 frs-bus:Director2 2023-07-01 2024-06-30 10235483 frs-countries:EnglandWales 2023-07-01 2024-06-30 10235483 2022-06-30 10235483 2023-06-30 10235483 2022-07-01 2023-06-30 10235483 frs-core:CurrentFinancialInstruments 2023-06-30 10235483 frs-core:Non-currentFinancialInstruments 2023-06-30 10235483 frs-core:RevaluationReserve 2023-06-30 10235483 frs-core:ShareCapital 2023-06-30 10235483 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10235483
LDA Leisure (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10235483
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 950,916 809,553
950,916 809,553
CURRENT ASSETS
Stocks 5 31,063 21,806
Debtors 6 15,478 9,933
Cash at bank and in hand - 30
46,541 31,769
Creditors: Amounts Falling Due Within One Year 7 (272,469 ) (210,479 )
NET CURRENT ASSETS (LIABILITIES) (225,928 ) (178,710 )
TOTAL ASSETS LESS CURRENT LIABILITIES 724,988 630,843
Creditors: Amounts Falling Due After More Than One Year 8 (310,003 ) (342,662 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,563 ) (5,862 )
NET ASSETS 405,422 282,319
CAPITAL AND RESERVES
Called up share capital 9 10,300 10,300
Revaluation reserve 10 166,369 166,369
Profit and Loss Account 228,753 105,650
SHAREHOLDERS' FUNDS 405,422 282,319
Page 1
Page 2
For the year ending 30 June 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 Darren Trice
Director
15/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
LDA Leisure (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10235483 . The registered office is Active Plus, Harpings Road, Hull, HU5 4JF.
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
Plant & Machinery 10% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 25% 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.
2.5. 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 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.
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 assets reflect 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 18)
18 18
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 July 2023 525,000 388,602 700 914,302
Additions - 184,625 - 184,625
As at 30 June 2024 525,000 573,227 700 1,098,927
Depreciation
As at 1 July 2023 - 104,599 150 104,749
Provided during the period - 43,112 150 43,262
As at 30 June 2024 - 147,711 300 148,011
Net Book Value
As at 30 June 2024 525,000 425,516 400 950,916
As at 1 July 2023 525,000 284,003 550 809,553
5. Stocks
2024 2023
£ £
Stock 31,063 21,806
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,613 1,498
Prepayments and accrued income 10,865 8,435
15,478 9,933
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72,907 68,964
Bank loans and overdrafts 112,013 103,734
Other taxes and social security 41,322 12,970
VAT 6,276 4,781
Other creditors (Current liabilities - creditors < 1 year) 8,320 217
Accruals and deferred income 3,218 -
Directors' loan accounts 28,413 19,813
272,469 210,479
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 310,003 342,662
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,300 10,300
10. Reserves
Revaluation Reserve
£
As at 1 July 2023 166,369
As at 30 June 2024 166,369
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