Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 true No description of principal activity 1 April 2023 31 March 2024 31 March 2024 801702 Mrs Sharon Gamble Mrs Sharon Gamble iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 801702 2023-03-31 801702 2024-03-31 801702 2023-04-01 2024-03-31 801702 frs-core:CurrentFinancialInstruments 2024-03-31 801702 frs-core:Non-currentFinancialInstruments 2024-03-31 801702 frs-core:NetGoodwill 2024-03-31 801702 frs-core:NetGoodwill 2023-04-01 2024-03-31 801702 frs-core:NetGoodwill 2023-03-31 801702 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 801702 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 801702 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 801702 frs-core:MotorVehicles 2024-03-31 801702 frs-core:MotorVehicles 2023-04-01 2024-03-31 801702 frs-core:MotorVehicles 2023-03-31 801702 frs-core:PlantMachinery 2024-03-31 801702 frs-core:PlantMachinery 2023-04-01 2024-03-31 801702 frs-core:PlantMachinery 2023-03-31 801702 frs-core:ShareCapital 2024-03-31 801702 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 801702 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 801702 frs-bus:HighestPaidDirector 2023-04-01 2024-03-31 801702 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 801702 frs-bus:FullAccounts 2023-04-01 2024-03-31 801702 frs-bus:SmallEntities 2023-04-01 2024-03-31 801702 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 801702 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 801702 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-04-01 2024-03-31 801702 frs-bus:Director1 2023-04-01 2024-03-31 801702 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 801702 frs-countries:EnglandWales 2023-04-01 2024-03-31 801702 2022-03-31 801702 2023-03-31 801702 2022-04-01 2023-03-31 801702 frs-core:CurrentFinancialInstruments 2023-03-31 801702 frs-core:Non-currentFinancialInstruments 2023-03-31 801702 frs-core:ShareCapital 2023-03-31 801702 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 801702 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 801702 frs-bus:HighestPaidDirector 2022-04-01 2023-03-31
Registered number: 801702
Associated Liver Launderettes Ltd
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bradburn & Co Accountants Ltd
19 Alton Road
Oxton
Wirral
CH43 6UB
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Statement of Income and Retained Earnings 4
Statement of Financial Position 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Director Mrs Sharon Gamble
Secretary Mrs Sharon Gamble
Company Number 801702
Registered Office 104 Prescot Road
Liverpool
L7 0JA
Accountants Bradburn & Co Accountants Ltd
ICPA (BRA030)
19 Alton Road
Oxton
Wirral
CH43 6UB
Page 1
Page 2
Director's Report
The director presents her report and the financial statements for the year ended 31 March 2024.
Directors
The director who held office during the year were as follows:
Mrs Sharon Gamble
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs Sharon Gamble
Director
15/11/2024
Page 2
Page 3
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements
Signed
15/11/2024
Bradburn & Co Accountants Ltd
ICPA (BRA030)
19 Alton Road
Oxton
Wirral
CH43 6UB
Page 3
Page 4
Statement of Income and Retained Earnings
2024 2023
Notes £ £
TURNOVER 2,478,458 2,180,915
Cost of sales (1,786,715 ) (1,554,813 )
GROSS PROFIT 691,743 626,102
Administrative expenses (459,321 ) (433,465 )
OPERATING PROFIT 232,422 192,637
Other interest receivable and similar income 4,040 982
Interest payable and similar charges (30,291 ) (23,165 )
PROFIT BEFORE TAXATION 206,171 170,454
Tax on Profit (54,598 ) (36,005 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 151,573 134,449
RETAINED EARNINGS
As at 1 April 2023 803,420 668,971
As at 31 March 2024 954,993 803,420
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Statement of Financial Position
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 7,200 10,800
Tangible Assets 6 1,545,093 1,470,248
1,552,293 1,481,048
CURRENT ASSETS
Stocks 7 54,743 55,429
Debtors 8 247,634 219,804
Cash at bank and in hand 6,830 88,426
309,207 363,659
Creditors: Amounts Falling Due Within One Year 9 (629,948 ) (666,605 )
NET CURRENT ASSETS (LIABILITIES) (320,741 ) (302,946 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,231,552 1,178,102
Creditors: Amounts Falling Due After More Than One Year 10 (271,559 ) (369,682 )
NET ASSETS 959,993 808,420
CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Income Statement 954,993 803,420
SHAREHOLDERS' FUNDS 959,993 808,420
Page 5
Page 6
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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Sharon Gamble
Director
15/11/2024
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Associated Liver Launderettes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 801702 . The registered office is 104 Prescot Road, Liverpool, L7 0JA.
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. 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 income statement over its estimated economic life of .... 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:
Freehold no depreciation
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
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 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.
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 asset reflects 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: 58 (2023: 55)
58 55
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4. Director's remuneration
2024 2023
£ £
Emoluments 50,900 53,132
Company contributions to money purchase pension schemes 30,000 25,000
80,900 78,132
During the year, retirement benefits were accruing to 1 director (previous year 1) in respect of money purchase schemes.
Information regarding the highest paid director is as follows:
2024 2023
£ £
Emoluments 50,900 46,899
Company contributions to money purchase pension schemes 30,000 25,000
80,900 71,899
Accrued retirement benefits from defined benefit pension schemes 3,410 3,410
5. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 18,000
As at 31 March 2024 18,000
Amortisation
As at 1 April 2023 7,200
Provided during the period 3,600
As at 31 March 2024 10,800
Net Book Value
As at 31 March 2024 7,200
As at 1 April 2023 10,800
6. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 1,427,618 237,677 149,505 1,814,800
Additions 86,395 - - 86,395
As at 31 March 2024 1,514,013 237,677 149,505 1,901,195
...CONTINUED
Page 8
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Depreciation
As at 1 April 2023 - 229,777 114,775 344,552
Provided during the period - - 11,550 11,550
As at 31 March 2024 - 229,777 126,325 356,102
Net Book Value
As at 31 March 2024 1,514,013 7,900 23,180 1,545,093
As at 1 April 2023 1,427,618 7,900 34,730 1,470,248
7. Stocks
2024 2023
£ £
Stock 54,743 55,429
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 192,462 180,194
Other debtors 55,172 39,610
247,634 219,804
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 77,575 135,841
Bank loans and overdrafts 185,512 105,810
Corporation tax 54,598 36,005
Other taxes and social security 23,952 21,757
VAT 69,544 64,592
Other creditors 84,240 113,511
Amounts owed to associates 134,527 189,089
629,948 666,605
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 271,559 369,682
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
Page 9