Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12595174 Miss Hannah Barker Mr Liam Catlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12595174 2023-05-31 12595174 2024-05-31 12595174 2023-06-01 2024-05-31 12595174 frs-core:CurrentFinancialInstruments 2024-05-31 12595174 frs-core:Non-currentFinancialInstruments 2024-05-31 12595174 frs-core:BetweenOneFiveYears 2024-05-31 12595174 frs-core:MotorVehicles 2024-05-31 12595174 frs-core:MotorVehicles 2023-06-01 2024-05-31 12595174 frs-core:MotorVehicles 2023-05-31 12595174 frs-core:PlantMachinery 2024-05-31 12595174 frs-core:PlantMachinery 2023-06-01 2024-05-31 12595174 frs-core:PlantMachinery 2023-05-31 12595174 frs-core:WithinOneYear 2024-05-31 12595174 frs-core:ShareCapital 2024-05-31 12595174 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12595174 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12595174 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12595174 frs-bus:SmallEntities 2023-06-01 2024-05-31 12595174 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12595174 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12595174 frs-bus:Director1 2023-06-01 2024-05-31 12595174 frs-bus:Director1 2023-05-31 12595174 frs-bus:Director1 2024-05-31 12595174 frs-bus:Director2 2023-06-01 2024-05-31 12595174 frs-bus:Director2 2023-05-31 12595174 frs-bus:Director2 2024-05-31 12595174 frs-countries:EnglandWales 2023-06-01 2024-05-31 12595174 2022-05-31 12595174 2023-05-31 12595174 2022-06-01 2023-05-31 12595174 frs-core:CurrentFinancialInstruments 2023-05-31 12595174 frs-core:Non-currentFinancialInstruments 2023-05-31 12595174 frs-core:BetweenOneFiveYears 2023-05-31 12595174 frs-core:WithinOneYear 2023-05-31 12595174 frs-core:ShareCapital 2023-05-31 12595174 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12595174
Luna Home Improvements Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12595174
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,323 15,199
16,323 15,199
CURRENT ASSETS
Stocks 5 3,500 1,000
Debtors 6 117,758 44,815
Cash at bank and in hand 1,443 3,545
122,701 49,360
Creditors: Amounts Falling Due Within One Year 7 (90,655 ) (90,183 )
NET CURRENT ASSETS (LIABILITIES) 32,046 (40,823 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,369 (25,624 )
Creditors: Amounts Falling Due After More Than One Year 8 (93,253 ) (16,114 )
NET LIABILITIES (44,884 ) (41,738 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (44,885 ) (41,739 )
SHAREHOLDERS' FUNDS (44,884) (41,738)
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For the year ending 31 May 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 Liam Catlin
Director
17 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Luna Home Improvements Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12595174 . The registered office is Office 27a, Basepoint Business Centre, Harts Farm Way, Havant, Hampshire, PO9 1HS.
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 20% on reducing balance
Motor Vehicles 25% on reducing balance
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
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  2 (2023: 1)
2 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 7,462 18,315 25,777
Additions - 6,000 6,000
As at 31 May 2024 7,462 24,315 31,777
Depreciation
As at 1 June 2023 1,492 9,086 10,578
Provided during the period 1,194 3,682 4,876
As at 31 May 2024 2,686 12,768 15,454
Net Book Value
As at 31 May 2024 4,776 11,547 16,323
As at 1 June 2023 5,970 9,229 15,199
5. Stocks
2024 2023
£ £
Stock 3,500 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,050 5,975
Other debtors 110,708 38,840
117,758 44,815
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,599 3,599
Trade creditors 37,631 40,316
Bank loans and overdrafts 11,549 11,224
Other creditors 32,816 12,744
Taxation and social security 5,060 22,300
90,655 90,183
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,400 5,999
Bank loans 90,853 10,115
93,253 16,114
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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 3,599 3,599
Later than one year and not later than five years 2,400 5,999
5,999 9,598
5,999 9,598
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Miss Hannah Barker (1 ) 24,400 21,192 - 3,208
Mr Liam Catlin 30,553 62,467 20,129 - 42,338
The above loan is unsecured, interest free and repayable on demand.
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