Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 6382495 Mr J Lea iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6382495 2023-03-31 6382495 2024-03-31 6382495 2023-04-01 2024-03-31 6382495 frs-core:CurrentFinancialInstruments 2024-03-31 6382495 frs-core:Non-currentFinancialInstruments 2024-03-31 6382495 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 6382495 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 6382495 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 6382495 frs-core:PlantMachinery 2024-03-31 6382495 frs-core:PlantMachinery 2023-04-01 2024-03-31 6382495 frs-core:PlantMachinery 2023-03-31 6382495 frs-core:ShareCapital 2024-03-31 6382495 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 6382495 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 6382495 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 6382495 frs-bus:SmallEntities 2023-04-01 2024-03-31 6382495 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 6382495 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 6382495 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 6382495 frs-bus:Director1 2023-04-01 2024-03-31 6382495 frs-countries:EnglandWales 2023-04-01 2024-03-31 6382495 2022-03-31 6382495 2023-03-31 6382495 2022-04-01 2023-03-31 6382495 frs-core:CurrentFinancialInstruments 2023-03-31 6382495 frs-core:Non-currentFinancialInstruments 2023-03-31 6382495 frs-core:ShareCapital 2023-03-31 6382495 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 6382495 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-03-31
Registered number: 6382495
Loxley's Stratford Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6382495
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 142,657 199,754
142,657 199,754
CURRENT ASSETS
Stocks 32,701 23,146
Debtors 5 592,549 545,643
Cash at bank and in hand 168,137 92,835
793,387 661,624
Creditors: Amounts Falling Due Within One Year 6 (336,907 ) (281,075 )
NET CURRENT ASSETS (LIABILITIES) 456,480 380,549
TOTAL ASSETS LESS CURRENT LIABILITIES 599,137 580,303
Creditors: Amounts Falling Due After More Than One Year 7 (12,497 ) (22,491 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (20,000 ) (15,000 )
NET ASSETS 566,640 542,812
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 566,639 542,811
SHAREHOLDERS' FUNDS 566,640 542,812
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 J Lea
Director
14/10/2024
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
Loxley's Stratford Limited (registered number 6382495 ) is a private company limited by shares.

The company is incorporated in England and Wales.

The address of the Registered Office is Lunts Heath Road, Widnes, Cheshire, WA8 5SQ.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling (£)
2.2. Turnover
Turnover represents the value of goods and services supplied by the company, net of Value Added Tax. Revenue is recognised when the services have been delivered.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write down the cost of fixed assets, less their estimated residual value, over their expected useful lives.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The depreciation rates or periods generally applicable are:
Leasehold 15 years
Plant & Machinery 10%
2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax. The company’s liability for current tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the the computation of taxable profit. The carrying amount of deferred assets is reviewed at the end of each 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 accounting period.

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Page 4
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of people employed was 38 (2023: 38)
38 38
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 314,685 389,523 704,208
Additions - 5,993 5,993
As at 31 March 2024 314,685 395,516 710,201
Depreciation
As at 1 April 2023 210,085 294,369 504,454
Provided during the period 22,939 40,151 63,090
As at 31 March 2024 233,024 334,520 567,544
Net Book Value
As at 31 March 2024 81,661 60,996 142,657
As at 1 April 2023 104,600 95,154 199,754

The amounts shown for leasehold land buildings represent improvements to leashold property. The costs are being depreciated over a period of fifteen years.



5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by related parties 592,549 545,643
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,554 59,253
Bank loans and overdrafts 9,994 9,996
Corporation tax 29,000 21,300
Other taxes and social security 166,293 115,702
Other creditors 69,066 74,824
336,907 281,075

Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,497 22,491
All creditors are repayable within five years


8. Deferred Taxation
The provision for deferred tax relates to:
2024 2023
£ £
Accelerated capital allowances 20,000 15,000
9. Pension Commitments
The company operates a defined contribution pension scheme for the benefit of the employees.
The assets of the scheme are held separately from those of the company in an independently administered fund.

10. Commitments under operating leases
The company has commitments under non cancellable operating leases.
The total of future minimum lease payments is £83,125 (2023 £118,125).
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