Acorah Software Products - Accounts Production 15.0.500 false true 27 February 2023 28 February 2022 false 28 February 2023 27 February 2024 27 February 2024 11228919 Miss Kelly Champkin Miss Laura Middleton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11228919 2023-02-27 11228919 2024-02-27 11228919 2023-02-28 2024-02-27 11228919 frs-core:CurrentFinancialInstruments 2024-02-27 11228919 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-27 11228919 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 2024-02-27 11228919 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-27 11228919 frs-core:ShareCapital 2024-02-27 11228919 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 11228919 frs-bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-27 11228919 frs-bus:FilletedAccounts 2023-02-28 2024-02-27 11228919 frs-bus:SmallEntities 2023-02-28 2024-02-27 11228919 frs-bus:AuditExempt-NoAccountantsReport 2023-02-28 2024-02-27 11228919 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-27 11228919 frs-bus:Director1 2023-02-28 2024-02-27 11228919 frs-bus:Director2 2023-02-28 2024-02-27 11228919 frs-countries:EnglandWales 2023-02-28 2024-02-27 11228919 2022-02-27 11228919 2023-02-27 11228919 2022-02-28 2023-02-27 11228919 frs-core:CurrentFinancialInstruments 2023-02-27 11228919 frs-core:ShareCapital 2023-02-27 11228919 frs-core:RetainedEarningsAccumulatedLosses 2023-02-27
Registered number: 11228919
L&k Property And Refurbs Ltd
Unaudited Financial Statements
For The Year Ended 27 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11228919
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 94,792 75,922
94,792 75,922
CURRENT ASSETS
Cash at bank and in hand 5,835 18,556
5,835 18,556
Creditors: Amounts Falling Due Within One Year 5 (104,152 ) (99,277 )
NET CURRENT ASSETS (LIABILITIES) (98,317 ) (80,721 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,525 ) (4,799 )
NET LIABILITIES (3,525 ) (4,799 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (3,625 ) (4,899 )
SHAREHOLDERS' FUNDS (3,525) (4,799)
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For the year ending 27 February 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
Miss Kelly Champkin
Director
27/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
L&k Property And Refurbs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11228919 . The registered office is 136 Halifax Road, Brierfield, Nelson, BB9 5BQ.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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:
Freehold 2% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 28 February 2023 80,734
Additions 20,769
As at 27 February 2024 101,503
Depreciation
As at 28 February 2023 4,812
Provided during the period 1,899
As at 27 February 2024 6,711
Net Book Value
As at 27 February 2024 94,792
As at 28 February 2023 75,922
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 794 -
Accruals and deferred income 354 660
Directors' loan accounts 103,004 98,617
104,152 99,277
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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