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 04683514 Ms Stella Ioannou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04683514 2023-03-31 04683514 2024-03-31 04683514 2023-04-01 2024-03-31 04683514 frs-core:CurrentFinancialInstruments 2024-03-31 04683514 frs-core:ComputerEquipment 2024-03-31 04683514 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04683514 frs-core:ComputerEquipment 2023-03-31 04683514 frs-core:ShareCapital 2024-03-31 04683514 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04683514 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04683514 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04683514 frs-bus:SmallEntities 2023-04-01 2024-03-31 04683514 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04683514 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04683514 frs-bus:Director1 2023-04-01 2024-03-31 04683514 frs-bus:Director1 2023-03-31 04683514 frs-bus:Director1 2024-03-31 04683514 frs-countries:EnglandWales 2023-04-01 2024-03-31 04683514 2022-03-31 04683514 2023-03-31 04683514 2022-04-01 2023-03-31 04683514 frs-core:CurrentFinancialInstruments 2023-03-31 04683514 frs-core:ShareCapital 2023-03-31 04683514 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04683514
Lacuna PR Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ingenious Accounting Ltd
Certified Chartered Accountants
124 City Road
London
EC1V 2NX
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Ms Stella Ioannou
Company Number 04683514
Registered Office Convene Level 4
22 Bishopsgate
London
EC2N 4BQ
Accountants Ingenious Accounting Ltd
Certified Chartered Accountants
124 City Road
London
EC1V 2NX
Page 1
Page 2
Balance Sheet
Registered number: 04683514
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,805 8,149
4,805 8,149
CURRENT ASSETS
Debtors 5 22,123 34,713
Cash at bank and in hand 46,422 803
68,545 35,516
Creditors: Amounts Falling Due Within One Year 6 (69,347 ) (35,191 )
NET CURRENT ASSETS (LIABILITIES) (802 ) 325
TOTAL ASSETS LESS CURRENT LIABILITIES 4,003 8,474
NET ASSETS 4,003 8,474
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 4,002 8,473
SHAREHOLDERS' FUNDS 4,003 8,474
Page 2
Page 3
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 her 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
Ms Stella Ioannou
Director
14 October 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Lacuna PR Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04683514 . The registered office is Convene Level 4, 22 Bishopsgate, London, EC2N 4BQ.
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:
Office, Studio & Computer Equipment 25% Straight Line Basis
2.4. Financial Instruments
Basic financial instruments such as cash and cash equivalents are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
Page 4
Page 5
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Office, Studio & Computer Equipment
£
Cost
As at 1 April 2023 17,714
Additions 318
As at 31 March 2024 18,032
Depreciation
As at 1 April 2023 9,565
Provided during the period 3,662
As at 31 March 2024 13,227
Net Book Value
As at 31 March 2024 4,805
As at 1 April 2023 8,149
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,123 34,713
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24 8,054
Other creditors 37,187 16,211
Taxation and social security 32,136 10,926
69,347 35,191
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5
Page 6
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Ms Stella Ioannou 2,391 92,633 62,676 - 32,348
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Ms Stella Ioannou 60,000 20,000
Page 6