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 11206468 Mr Edmund Tucker Mr Willaim Henry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11206468 2023-02-28 11206468 2024-02-29 11206468 2023-03-01 2024-02-29 11206468 frs-core:CurrentFinancialInstruments 2024-02-29 11206468 frs-core:FurnitureFittings 2024-02-29 11206468 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11206468 frs-core:FurnitureFittings 2023-02-28 11206468 frs-core:MotorVehicles 2024-02-29 11206468 frs-core:MotorVehicles 2023-03-01 2024-02-29 11206468 frs-core:MotorVehicles 2023-02-28 11206468 frs-core:PlantMachinery 2024-02-29 11206468 frs-core:PlantMachinery 2023-03-01 2024-02-29 11206468 frs-core:PlantMachinery 2023-02-28 11206468 frs-core:ShareCapital 2024-02-29 11206468 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11206468 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11206468 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11206468 frs-bus:SmallEntities 2023-03-01 2024-02-29 11206468 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11206468 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11206468 frs-bus:Director1 2023-03-01 2024-02-29 11206468 frs-bus:Director2 2023-03-01 2024-02-29 11206468 frs-core:CurrentFinancialInstruments 1 2024-02-29 11206468 frs-countries:EnglandWales 2023-03-01 2024-02-29 11206468 2022-02-28 11206468 2023-02-28 11206468 2022-03-01 2023-02-28 11206468 frs-core:CurrentFinancialInstruments 2023-02-28 11206468 frs-core:ShareCapital 2023-02-28 11206468 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11206468 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 11206468
Albans Lakes Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11206468
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,895 35,166
28,895 35,166
CURRENT ASSETS
Stocks 5 75,120 28,760
Debtors 6 2,162 6,129
Cash at bank and in hand 11,960 13,800
89,242 48,689
Creditors: Amounts Falling Due Within One Year 7 (145,297 ) (105,289 )
NET CURRENT ASSETS (LIABILITIES) (56,055 ) (56,600 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,160 ) (21,434 )
NET LIABILITIES (27,160 ) (21,434 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (27,260 ) (21,534 )
SHAREHOLDERS' FUNDS (27,160) (21,434)
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 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
Mr Edmund Tucker
Director
29/11/2024
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
Albans Lakes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11206468 . The registered office is 8 Pleasant Place, West Hyde, Rickmansworth, Herts, WD3 9XZ.
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. 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:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 29,035 10,500 24,012 63,547
Additions 9,322 - - 9,322
As at 29 February 2024 38,357 10,500 24,012 72,869
Depreciation
As at 1 March 2023 12,635 7,875 7,871 28,381
Provided during the period 5,909 2,625 7,059 15,593
As at 29 February 2024 18,544 10,500 14,930 43,974
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 19,813 - 9,082 28,895
As at 1 March 2023 16,400 2,625 16,141 35,166
5. Stocks
2024 2023
£ £
Materials 75,120 28,760
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,162 1,474
VAT - 4,655
2,162 6,129
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,313 26,185
VAT 16,380 -
Other creditors (1) 67,091 77,091
Accruals and deferred income 1,450 1,450
Directors' loan accounts 46,063 563
145,297 105,289
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4