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 01614137 Mr Michael Fern Mr Michael Fern Mr Michael Fern true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01614137 2023-06-30 01614137 2024-06-30 01614137 2023-07-01 2024-06-30 01614137 frs-core:CurrentFinancialInstruments 2024-06-30 01614137 frs-core:NetGoodwill 2024-06-30 01614137 frs-core:NetGoodwill 2023-07-01 2024-06-30 01614137 frs-core:NetGoodwill 2023-06-30 01614137 frs-core:MotorVehicles 2023-07-01 2024-06-30 01614137 frs-core:PlantMachinery 2024-06-30 01614137 frs-core:PlantMachinery 2023-07-01 2024-06-30 01614137 frs-core:PlantMachinery 2023-06-30 01614137 frs-core:CapitalRedemptionReserve 2024-06-30 01614137 frs-core:ShareCapital 2024-06-30 01614137 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 01614137 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01614137 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 01614137 frs-bus:SmallEntities 2023-07-01 2024-06-30 01614137 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01614137 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01614137 1 2023-07-01 2024-06-30 01614137 frs-bus:Director1 2023-07-01 2024-06-30 01614137 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 01614137 frs-countries:EnglandWales 2023-07-01 2024-06-30 01614137 2022-06-30 01614137 2023-06-30 01614137 2022-07-01 2023-06-30 01614137 frs-core:CurrentFinancialInstruments 2023-06-30 01614137 frs-core:CapitalRedemptionReserve 2023-06-30 01614137 frs-core:ShareCapital 2023-06-30 01614137 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 01614137
Lawson & Fern Limited
Financial Statements
For The Year Ended 30 June 2024
Arthur G Edwards & Co Limited
Chartered Certified Accountants
Alexandra House
74 Moorland Road
Stoke-on-Trent
Staffs
ST6 1DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01614137
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,875 3,750
Tangible Assets 5 2,140 1,414
4,015 5,164
CURRENT ASSETS
Stocks 325 325
Debtors 6 41,435 46,355
Investments 7 40,000 40,000
Cash at bank and in hand 210,427 266,582
292,187 353,262
Creditors: Amounts Falling Due Within One Year 8 (104,837 ) (123,824 )
NET CURRENT ASSETS (LIABILITIES) 187,350 229,438
TOTAL ASSETS LESS CURRENT LIABILITIES 191,365 234,602
NET ASSETS 191,365 234,602
CAPITAL AND RESERVES
Called up share capital 9 765 765
Capital redemption reserve 235 235
Profit and Loss Account 190,365 233,602
SHAREHOLDERS' FUNDS 191,365 234,602
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 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 Michael Fern
Director
11/10/2024
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
Lawson & Fern Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01614137 . The registered office is 71 Market Street, Longton, Stoke-on-Trent, ST3 1BW.
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 represents the amounts derived from the provision of products and services to customers during the year.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
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.
2.6. Taxation
Th corporatione tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of expense that are not allowable for tax purposes and capital allowance claims. 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.
2.7. Pensions
The company operates defined pension contribution schemes. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the schemes.
2.8. 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
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 37,500
As at 30 June 2024 37,500
Amortisation
As at 1 July 2023 33,750
Provided during the period 1,875
As at 30 June 2024 35,625
Net Book Value
As at 30 June 2024 1,875
As at 1 July 2023 3,750
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 45,125
Additions 1,439
As at 30 June 2024 46,564
Depreciation
As at 1 July 2023 43,711
Provided during the period 713
As at 30 June 2024 44,424
Net Book Value
As at 30 June 2024 2,140
As at 1 July 2023 1,414
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,585 43,405
Prepayments and accrued income 2,850 2,950
41,435 46,355
Page 4
Page 5
7. Current Asset Investments
2024 2023
£ £
Short term deposits 40,000 40,000
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 84,630 89,153
Corporation tax 10,709 11,771
Other taxes and social security 813 816
Accruals and deferred income 7,685 21,084
Director's loan account 1,000 1,000
104,837 123,824
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 765 765
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Michael Fern by virtue of his ownership of 100% of the issued share capital in the company.
Page 5