Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 06744367 Mr Thomas Davies Mrs Patricia Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06744367 2023-01-31 06744367 2024-01-31 06744367 2023-02-01 2024-01-31 06744367 frs-core:CurrentFinancialInstruments 2024-01-31 06744367 frs-core:Non-currentFinancialInstruments 2024-01-31 06744367 frs-core:ComputerEquipment 2024-01-31 06744367 frs-core:ComputerEquipment 2023-02-01 2024-01-31 06744367 frs-core:ComputerEquipment 2023-01-31 06744367 frs-core:FurnitureFittings 2024-01-31 06744367 frs-core:FurnitureFittings 2023-02-01 2024-01-31 06744367 frs-core:FurnitureFittings 2023-01-31 06744367 frs-core:NetGoodwill 2024-01-31 06744367 frs-core:NetGoodwill 2023-02-01 2024-01-31 06744367 frs-core:NetGoodwill 2023-01-31 06744367 frs-core:MotorVehicles 2024-01-31 06744367 frs-core:MotorVehicles 2023-02-01 2024-01-31 06744367 frs-core:MotorVehicles 2023-01-31 06744367 frs-core:PlantMachinery 2024-01-31 06744367 frs-core:PlantMachinery 2023-02-01 2024-01-31 06744367 frs-core:PlantMachinery 2023-01-31 06744367 frs-core:ShareCapital 2024-01-31 06744367 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06744367 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06744367 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06744367 frs-bus:SmallEntities 2023-02-01 2024-01-31 06744367 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06744367 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06744367 frs-bus:Director1 2023-02-01 2024-01-31 06744367 frs-bus:Director1 2023-01-31 06744367 frs-bus:Director1 2024-01-31 06744367 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 06744367 frs-countries:EnglandWales 2023-02-01 2024-01-31 06744367 2022-01-31 06744367 2023-01-31 06744367 2022-02-01 2023-01-31 06744367 frs-core:CurrentFinancialInstruments 2023-01-31 06744367 frs-core:Non-currentFinancialInstruments 2023-01-31 06744367 frs-core:ShareCapital 2023-01-31 06744367 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06744367
L. T. C. Mobility Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Atkins Accountants Ltd
A V C House Northampton Lane
Swansea
SA1 4EH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06744367
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,046 5,058
4,046 5,058
CURRENT ASSETS
Stocks 6 148,965 93,770
Debtors 7 39,796 38,573
Cash at bank and in hand 132,226 83,424
320,987 215,767
Creditors: Amounts Falling Due Within One Year 8 (160,425 ) (111,517 )
NET CURRENT ASSETS (LIABILITIES) 160,562 104,250
TOTAL ASSETS LESS CURRENT LIABILITIES 164,608 109,308
Creditors: Amounts Falling Due After More Than One Year 9 (30,784 ) (36,908 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (925 ) (961 )
NET ASSETS 132,899 71,439
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 132,897 71,437
SHAREHOLDERS' FUNDS 132,899 71,439
Page 1
Page 2
For the year ending 31 January 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 Thomas Davies
Director
29/10/2024
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
L. T. C. Mobility Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06744367 . The registered office is Avc House, 21 Northampton Lane, Swansea, SA1 4EH.
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. 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 .... 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 20% on WDV
Motor Vehicles 20% on WDV
Fixtures & Fittings 20% on WDV
Computer Equipment 20% on WDV
2.5. 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.
2.6. 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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Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 10)
12 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 10,000
As at 31 January 2024 10,000
Amortisation
As at 1 February 2023 10,000
As at 31 January 2024 10,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 5,623 6,131 16,287 21,473 49,514
As at 31 January 2024 5,623 6,131 16,287 21,473 49,514
Depreciation
As at 1 February 2023 5,254 5,710 15,025 18,467 44,456
Provided during the period 74 84 253 601 1,012
As at 31 January 2024 5,328 5,794 15,278 19,068 45,468
Net Book Value
As at 31 January 2024 295 337 1,009 2,405 4,046
As at 1 February 2023 369 421 1,262 3,006 5,058
6. Stocks
2024 2023
£ £
Materials 148,965 93,770
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,110 5,015
Other debtors 22,686 33,558
39,796 38,573
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 79,839 46,570
Bank loans and overdrafts 6,274 6,123
Other creditors 20,224 26,354
Taxation and social security 54,088 32,470
160,425 111,517
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,784 36,908
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Thomas Davies 8,096 - (8,096 ) - -
The above loan is unsecured, interest free and repayable on demand.
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