Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 6636227 Mr Michael Talent-Doran Mr Thomas Talent-Doran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6636227 2023-03-31 6636227 2024-03-31 6636227 2023-04-01 2024-03-31 6636227 frs-core:CurrentFinancialInstruments 2024-03-31 6636227 frs-core:Non-currentFinancialInstruments 2024-03-31 6636227 frs-core:NetGoodwill 2024-03-31 6636227 frs-core:NetGoodwill 2023-04-01 2024-03-31 6636227 frs-core:NetGoodwill 2023-03-31 6636227 frs-core:MotorVehicles 2024-03-31 6636227 frs-core:MotorVehicles 2023-04-01 2024-03-31 6636227 frs-core:MotorVehicles 2023-03-31 6636227 frs-core:PlantMachinery 2024-03-31 6636227 frs-core:PlantMachinery 2023-04-01 2024-03-31 6636227 frs-core:PlantMachinery 2023-03-31 6636227 frs-core:ShareCapital 2024-03-31 6636227 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 6636227 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 6636227 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 6636227 frs-bus:SmallEntities 2023-04-01 2024-03-31 6636227 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 6636227 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 6636227 frs-core:UnlistedNon-exchangeTraded 2024-03-31 6636227 frs-core:UnlistedNon-exchangeTraded 2023-03-31 6636227 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 6636227 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 6636227 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 6636227 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 6636227 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 6636227 frs-bus:Director1 2023-04-01 2024-03-31 6636227 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 6636227 frs-core:CurrentFinancialInstruments 1 2024-03-31 6636227 frs-countries:EnglandWales 2023-04-01 2024-03-31 6636227 2022-03-31 6636227 2023-03-31 6636227 2022-04-01 2023-03-31 6636227 frs-core:CurrentFinancialInstruments 2023-03-31 6636227 frs-core:Non-currentFinancialInstruments 2023-03-31 6636227 frs-core:ShareCapital 2023-03-31 6636227 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 6636227 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 6636227
Letting Works Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Fairmans Accountants
61 Stanifield Lane
Farington
Leyland
PR25 4UD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 6636227
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 164,229 59,996
Tangible Assets 5 4,866 2,484
Investments 6 16,385 -
185,480 62,480
CURRENT ASSETS
Debtors 7 275 -
Cash at bank and in hand 6,185 463
6,460 463
Creditors: Amounts Falling Due Within One Year 8 (139,705 ) (25,398 )
NET CURRENT ASSETS (LIABILITIES) (133,245 ) (24,935 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,235 37,545
Creditors: Amounts Falling Due After More Than One Year 9 (5,000 ) (8,800 )
NET ASSETS 47,235 28,745
CAPITAL AND RESERVES
Called up share capital 10 5 5
Profit and Loss Account 47,230 28,740
SHAREHOLDERS' FUNDS 47,235 28,745
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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 Michael Talent-Doran
Director
27/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Letting Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6636227 . The registered office is 61 Stanifield Lane, Farington, Leyland, PR25 4WF.
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 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% straight line
Motor Vehicles 20% straight line
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2.5. Taxation
Income tax expense represents the tax currently payable.
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 year 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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current 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: 6 (2023: 3)
6 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 59,996
Additions 122,481
As at 31 March 2024 182,477
Amortisation
As at 1 April 2023 -
Provided during the period 18,248
As at 31 March 2024 18,248
Net Book Value
As at 31 March 2024 164,229
As at 1 April 2023 59,996
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 10,803 - 10,803
Additions 4,245 1 4,246
As at 31 March 2024 15,048 1 15,049
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 8,319 - 8,319
Provided during the period 1,864 - 1,864
As at 31 March 2024 10,183 - 10,183
Net Book Value
As at 31 March 2024 4,865 1 4,866
As at 1 April 2023 2,484 - 2,484
6. Investments
Unlisted
£
Cost
As at 1 April 2023 -
Additions 16,385
As at 31 March 2024 16,385
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 16,385
As at 1 April 2023 -
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 275 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16 1,522
Bank loans and overdrafts 4,000 4,200
Corporation tax 13,441 9,427
Other taxes and social security - 509
VAT 8,931 7,468
Other creditors 190 217
...CONTINUED
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Other creditors (1) 109,000 -
Accruals and deferred income 2,765 1,978
Director's loan account 1,362 77
139,705 25,398
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,000 8,800
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Michael Talent-Doran 5,000 27,400
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 10,000 37,400
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