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Registered number: NI650614
LSR Support Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI650614
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 170,838 171,253
170,838 171,253
CURRENT ASSETS
Stocks 5 487,173 388,506
Debtors 6 205,083 303,517
Cash at bank and in hand 296,016 170,069
988,272 862,092
Creditors: Amounts Falling Due Within One Year 7 (432,074 ) (172,129 )
NET CURRENT ASSETS (LIABILITIES) 556,198 689,963
TOTAL ASSETS LESS CURRENT LIABILITIES 727,036 861,216
Creditors: Amounts Falling Due After More Than One Year 8 (136,585 ) (202,496 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,808 ) (14,057 )
NET ASSETS 568,643 644,663
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 568,641 644,661
SHAREHOLDERS' FUNDS 568,643 644,663
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Page 2
For the year ending 31 January 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr R A Sloan
Director
Mr S I Loughlin
Director
11/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
LSR Support Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI650614 . The registered office is Unit 2A O'Neill Court, McLean Road, Campsie, Londonderry, BT47 3XX.
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, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity. The company is limited by shares and is incorporated in Northern Ireland.

2.2. Turnover
The company’s operations and principal activities are providing technical and mechanical support to anaerobic digester plants within Northern Ireland and Republic of Ireland.

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold 5%
Plant & Machinery 15%
Motor Vehicles 20%
Fixtures & Fittings 15%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their 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 applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Inventories are measured at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2.8. Pensions
The company operates a defined contribution scheme for certain employees. Contributions are charged to the profit and loss account in the period to which they relate.
2.9. Government Grant
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 4 4
Engineering and maintenance 7 5
11 9
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 February 2023 5,497 285,237 290,734
Additions 12,588 31,936 44,524
Disposals - (24,087 ) (24,087 )
As at 31 January 2024 18,085 293,086 311,171
...CONTINUED
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Page 5
Depreciation
As at 1 February 2023 1,374 118,107 119,481
Provided during the period 904 43,491 44,395
Disposals - (23,543 ) (23,543 )
As at 31 January 2024 2,278 138,055 140,333
Net Book Value
As at 31 January 2024 15,807 155,031 170,838
As at 1 February 2023 4,123 167,130 171,253
5. Stocks
2024 2023
£ £
Stock 414,004 285,842
Work in progress 73,169 102,664
487,173 388,506
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 183,745 110,134
Other debtors 21,338 193,383
205,083 303,517
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,556 14,995
Trade creditors 202,746 78,443
Bank loans and overdrafts 32,110 31,064
Other creditors 25,941 21,518
Taxation and social security 140,721 26,109
432,074 172,129
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,453 34,276
Bank loans 56,494 81,037
Capital grants 65,638 87,183
136,585 202,496
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,556 14,995
Later than one year and not later than five years 14,453 34,276
45,009 49,271
45,009 49,271
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Contingent Liabilities
There is a contingent liability to repay Financial Assistance received under the terms of a letter of offer from Invest Northern Ireland should the company fail to comply with stated conditions. In the opinion of the directors the company will be able to maintain employment at the average number during the control period to allow for retention of the Financial Assistance received to date.
12. Post Balance Sheet Events
There have been no significant events affecting the company since the year end.
13. Related Party Transactions
S Loughlin and RA Sloan are regarded as related parties as defined by Financial Reporting Standard 8 “Related Party Disclosures” by virtue of being directors of the company during the year. Included within 'Other Creditors' is £4,841 (2023: £3,205) owed to the directors of the company.
LSR Holdings Limited is regarded as a related party as defined by FRS102 by virtue of S Loughlin and RA Sloan being directors of LSR Holdings Limited. Included within ‘Other debtors’ is £Nil (2023: £141,131) owed to LSR Holdings Limited by the company.
14. Ultimate Controlling Party
There is no single controlling party.
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