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 05550137 Ms Elizabeth OConnor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05550137 2023-03-31 05550137 2024-03-31 05550137 2023-04-01 2024-03-31 05550137 frs-core:CurrentFinancialInstruments 2024-03-31 05550137 frs-core:Non-currentFinancialInstruments 2024-03-31 05550137 frs-core:ComputerEquipment 2024-03-31 05550137 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05550137 frs-core:ComputerEquipment 2023-03-31 05550137 frs-core:FurnitureFittings 2024-03-31 05550137 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05550137 frs-core:FurnitureFittings 2023-03-31 05550137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 05550137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05550137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 05550137 frs-core:MotorVehicles 2024-03-31 05550137 frs-core:MotorVehicles 2023-04-01 2024-03-31 05550137 frs-core:MotorVehicles 2023-03-31 05550137 frs-core:ShareCapital 2024-03-31 05550137 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05550137 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05550137 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05550137 frs-bus:SmallEntities 2023-04-01 2024-03-31 05550137 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05550137 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05550137 frs-bus:Director1 2023-04-01 2024-03-31 05550137 frs-countries:EnglandWales 2023-04-01 2024-03-31 05550137 2022-03-31 05550137 2023-03-31 05550137 2022-04-01 2023-03-31 05550137 frs-core:CurrentFinancialInstruments 2023-03-31 05550137 frs-core:Non-currentFinancialInstruments 2023-03-31 05550137 frs-core:ShareCapital 2023-03-31 05550137 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05550137
LOC Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Landsborough Accounting Services Ltd
Abbots Cottage
Abbots Way
Guildford
GU1 2XP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05550137
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 196,975 221,802
196,975 221,802
CURRENT ASSETS
Cash at bank and in hand 5,096 8,355
5,096 8,355
Creditors: Amounts Falling Due Within One Year 6 (20,958 ) (28,951 )
NET CURRENT ASSETS (LIABILITIES) (15,862 ) (20,596 )
TOTAL ASSETS LESS CURRENT LIABILITIES 181,113 201,206
Creditors: Amounts Falling Due After More Than One Year 7 (58,862 ) (87,349 )
NET ASSETS 122,251 113,857
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 122,151 113,757
SHAREHOLDERS' FUNDS 122,251 113,857
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Elizabeth OConnor
Director
28/11/2024
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
LOC Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05550137 . The registered office is Horse Ghylls Wood Farm, Capel Road, Rusper, West Sussex, RH12 4PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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 0%
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Government Grant
Government grants have been disclosed in the financial statement in line with the SSAP 4 disclosure requirements. Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 136,108 583,730 72,107 5,313 797,258
As at 31 March 2024 136,108 583,730 72,107 5,313 797,258
Depreciation
As at 1 April 2023 - 524,808 45,335 5,313 575,456
Provided during the period - 14,731 10,096 - 24,827
As at 31 March 2024 - 539,539 55,431 5,313 600,283
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 136,108 44,191 16,676 - 196,975
As at 1 April 2023 136,108 58,922 26,772 - 221,802
5. Debtors
2024 2023
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors - 9,500
Credit Card account 1,355 -
Accruals within one year - 1,295
Director's loan account 19,604 18,156
20,958 28,951
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan account Barclays 10,412 28,986
Other creditors 25,000 25,000
BB Loan 23,450 33,363
58,862 87,349
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 5,870 2,200
Page 4