Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05754488 Ms Sara Lavigne Mr Martyn Lonsdale Ms Sara Lavigne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05754488 2023-03-31 05754488 2024-03-31 05754488 2023-04-01 2024-03-31 05754488 frs-core:CurrentFinancialInstruments 2024-03-31 05754488 frs-core:Non-currentFinancialInstruments 2024-03-31 05754488 frs-core:ComputerEquipment 2024-03-31 05754488 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05754488 frs-core:ComputerEquipment 2023-03-31 05754488 frs-core:FurnitureFittings 2024-03-31 05754488 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05754488 frs-core:FurnitureFittings 2023-03-31 05754488 frs-core:MotorVehicles 2024-03-31 05754488 frs-core:MotorVehicles 2023-04-01 2024-03-31 05754488 frs-core:MotorVehicles 2023-03-31 05754488 frs-core:PlantMachinery 2024-03-31 05754488 frs-core:PlantMachinery 2023-04-01 2024-03-31 05754488 frs-core:PlantMachinery 2023-03-31 05754488 frs-core:ShareCapital 2024-03-31 05754488 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05754488 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05754488 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05754488 frs-bus:SmallEntities 2023-04-01 2024-03-31 05754488 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05754488 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05754488 frs-bus:Director1 2023-04-01 2024-03-31 05754488 frs-bus:Director2 2023-04-01 2024-03-31 05754488 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05754488 frs-countries:EnglandWales 2023-04-01 2024-03-31 05754488 2022-03-31 05754488 2023-03-31 05754488 2022-04-01 2023-03-31 05754488 frs-core:CurrentFinancialInstruments 2023-03-31 05754488 frs-core:Non-currentFinancialInstruments 2023-03-31 05754488 frs-core:ShareCapital 2023-03-31 05754488 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05754488
Lavigne Lonsdale 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: 05754488
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,991 14,967
69,991 14,967
CURRENT ASSETS
Stocks 5 30,000 32,515
Debtors 6 246,525 230,375
Cash at bank and in hand 204,386 276,540
480,911 539,430
Creditors: Amounts Falling Due Within One Year 7 (154,094 ) (193,308 )
NET CURRENT ASSETS (LIABILITIES) 326,817 346,122
TOTAL ASSETS LESS CURRENT LIABILITIES 396,808 361,089
Creditors: Amounts Falling Due After More Than One Year 8 (11,791 ) (21,741 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,498 ) (3,741 )
NET ASSETS 367,519 335,607
CAPITAL AND RESERVES
Called up share capital 9 205 205
Profit and Loss Account 367,314 335,402
SHAREHOLDERS' FUNDS 367,519 335,607
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 Martyn Lonsdale
Director
23 October 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
Lavigne Lonsdale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05754488 . The registered office is 22 Lemon Street Truro Cornwall TR1 2LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the
accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance
with Financial Reporting Standard 102 Section 1A - The Financial Reporting Standard applicable in the UK and
Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Revenue Recognition
Turnover comprises the fair value of the consideration received for the provision of architectural services in the
ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts. The
company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future
economic benefits will flow to the entity.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over
their estimated useful lives, as follows:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Work in progress is stated at the lower of the costs incurred to date, and the estimated chargeable value of the work
done as at the balance sheet date.
The cost of work in progress comprises direct labour costs and those overheads that have been incurred in the course
of this work. At each reporting date work in progress is assessed for impairment, to ensure the stated value is fully
recoverable. If work in progress impaired, the carrying amount is reduced to its selling price less costs to complete;
the impairment loss is recognised immediately 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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 9)
13 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,621 2,466 10,986 67,091 82,164
Additions - 45,650 6,444 15,984 68,078
Disposals (1,051 ) - (7,633 ) (53,266 ) (61,950 )
As at 31 March 2024 570 48,116 9,797 29,809 88,292
Depreciation
As at 1 April 2023 1,231 1,881 8,561 55,524 67,197
Provided during the period 67 2,048 1,297 4,009 7,421
Disposals (928 ) - (6,828 ) (48,561 ) (56,317 )
As at 31 March 2024 370 3,929 3,030 10,972 18,301
Net Book Value
As at 31 March 2024 200 44,187 6,767 18,837 69,991
As at 1 April 2023 390 585 2,425 11,567 14,967
5. Stocks
2024 2023
£ £
Work in progress 30,000 32,515
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 154,355 125,800
Other debtors 92,170 104,575
246,525 230,375
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,111 31,378
Bank loans and overdrafts 10,648 10,648
Other creditors 32,631 38,686
Taxation and social security 87,704 112,596
154,094 193,308
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,791 21,741
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 205 205
10. Related Party Transactions
During the year the company advanced £106,015 (2023 : £112,804) to a director, who made repayments of £120,532 (2023 : £94,998). At the end of the year £74,614 (2023: £84,744) was owed to the company. Interest has been charged on the outstanding balance at the HMRC standard rate. This loan is repayable on demand.
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