Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07542044 Mr L Duran Garcia true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07542044 2023-02-28 07542044 2024-02-29 07542044 2023-03-01 2024-02-29 07542044 frs-core:CurrentFinancialInstruments 2024-02-29 07542044 frs-core:Non-currentFinancialInstruments 2024-02-29 07542044 frs-core:BetweenOneFiveYears 2024-02-29 07542044 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07542044 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 07542044 frs-core:FurnitureFittings 2023-03-01 2024-02-29 07542044 frs-core:NetGoodwill 2024-02-29 07542044 frs-core:NetGoodwill 2023-03-01 2024-02-29 07542044 frs-core:NetGoodwill 2023-02-28 07542044 frs-core:LandBuildings 2024-02-29 07542044 frs-core:LandBuildings 2023-03-01 2024-02-29 07542044 frs-core:LandBuildings 2023-02-28 07542044 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 07542044 frs-core:MotorVehicles 2023-03-01 2024-02-29 07542044 frs-core:OtherResidualIntangibleAssets 2024-02-29 07542044 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 07542044 frs-core:OtherResidualIntangibleAssets 2023-02-28 07542044 frs-core:PlantMachinery 2024-02-29 07542044 frs-core:PlantMachinery 2023-03-01 2024-02-29 07542044 frs-core:PlantMachinery 2023-02-28 07542044 frs-core:WithinOneYear 2024-02-29 07542044 frs-core:ShareCapital 2024-02-29 07542044 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07542044 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07542044 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07542044 frs-bus:SmallEntities 2023-03-01 2024-02-29 07542044 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07542044 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07542044 1 2023-03-01 2024-02-29 07542044 frs-bus:Director1 2023-03-01 2024-02-29 07542044 frs-countries:EnglandWales 2023-03-01 2024-02-29 07542044 2022-02-28 07542044 2023-02-28 07542044 2022-03-01 2023-02-28 07542044 frs-core:CurrentFinancialInstruments 2023-02-28 07542044 frs-core:Non-currentFinancialInstruments 2023-02-28 07542044 frs-core:BetweenOneFiveYears 2023-02-28 07542044 frs-core:WithinOneYear 2023-02-28 07542044 frs-core:ShareCapital 2023-02-28 07542044 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07542044
Leo Duran Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
McPhersons Walpole Harding
ACCA
Citibase Brighton
95 Ditchling Road
Brighton
BN1 4ST
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07542044
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 167,675 202,975
Tangible Assets 5 245,814 295,957
413,489 498,932
CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 1,834 8,076
Cash at bank and in hand 59,048 49,377
61,882 58,453
Creditors: Amounts Falling Due Within One Year 8 (126,016 ) (97,632 )
NET CURRENT ASSETS (LIABILITIES) (64,134 ) (39,179 )
TOTAL ASSETS LESS CURRENT LIABILITIES 349,355 459,753
Creditors: Amounts Falling Due After More Than One Year 9 (322,602 ) (372,540 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (61,454 ) (73,989 )
NET (LIABILITIES)/ASSETS (34,701 ) 13,224
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account (34,702 ) 13,223
SHAREHOLDERS' FUNDS (34,701) 13,224
Page 1
Page 2
For the year ending 29 February 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 L Duran Garcia
Director
26 November 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
Leo Duran Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07542044 . The registered office is C/O Mcphersons Walpole Harding Citibase Brighton, 95 Ditchling Road, Brighton, East Sussex, BN1 4ST.
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 includes revenue earned from the sale of goods and from the rendering of services. It is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, and is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business in 2018 and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. After initial recognition they are measured at cost less any accumulated amortisation and impairment losses.

They are amortised to the profit and loss account over their estimated economic life of ten years.
2.5. 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:
Leasehold 15% per year on a reducing balance basis
Plant & Machinery 15% per year on a reducing balance basis
Motor Vehicles 25% per year on a reducing balance basis
Fixtures & Fittings 15% per year on a reducing balance basis
Computer Equipment 25% per year on a reducing balance basis
2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Those acquired under finance leases are depreciated over the shorter of the lease term and their estimated useful lives. Those acquired under hire purchase contracts are depreciated over their estimated useful lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals paid under operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 3
Page 4
2.7. 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.
2.8. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 8 (2023: 8)
8 8
4. Intangible Assets
Goodwill Other Intangible Assets Total
£ £ £
Cost
As at 1 March 2023 352,996 4 353,000
As at 29 February 2024 352,996 4 353,000
Amortisation
As at 1 March 2023 150,025 - 150,025
Provided during the period 35,300 - 35,300
As at 29 February 2024 185,325 - 185,325
...CONTINUED
Page 4
Page 5
Net Book Value
As at 29 February 2024 167,671 4 167,675
As at 1 March 2023 202,971 4 202,975
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 March 2023 75,386 288,667 364,053
Additions - 831 831
As at 29 February 2024 75,386 289,498 364,884
Depreciation
As at 1 March 2023 4,829 63,267 68,096
Provided during the period 10,583 40,391 50,974
As at 29 February 2024 15,412 103,658 119,070
Net Book Value
As at 29 February 2024 59,974 185,840 245,814
As at 1 March 2023 70,557 225,400 295,957
6. Stocks
2024 2023
£ £
Materials 1,000 1,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,834 8,076
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,103 21,467
Trade creditors 26,962 30,938
Bank loans and overdrafts 37,190 38,314
Other creditors 3,847 3,697
Taxation and social security 35,914 3,216
126,016 97,632
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,920 68,023
Bank loans 276,682 304,517
322,602 372,540
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 26,601 25,738
Later than one year and not later than five years 52,447 79,048
79,048 104,786
Less: Finance charges allocated to future periods 11,025 15,296
68,023 89,490
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
12. Ultimate Controlling Party
The company's ultimate controlling party is its sole director, Mr L Duran Garcia, by virtue of his ownership of 100% of the issued share capital.
Page 6