Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 03318758 A Green M Green iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03318758 2023-02-28 03318758 2024-02-28 03318758 2023-03-01 2024-02-28 03318758 frs-core:CurrentFinancialInstruments 2024-02-28 03318758 frs-core:Non-currentFinancialInstruments 2024-02-28 03318758 frs-core:MotorVehicles 2024-02-28 03318758 frs-core:MotorVehicles 2023-03-01 2024-02-28 03318758 frs-core:MotorVehicles 2023-02-28 03318758 frs-core:PlantMachinery 2024-02-28 03318758 frs-core:PlantMachinery 2023-03-01 2024-02-28 03318758 frs-core:PlantMachinery 2023-02-28 03318758 frs-core:CapitalRedemptionReserve 2024-02-28 03318758 frs-core:ShareCapital 2024-02-28 03318758 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 03318758 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 03318758 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 03318758 frs-bus:SmallEntities 2023-03-01 2024-02-28 03318758 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 03318758 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 03318758 frs-bus:Director1 2023-03-01 2024-02-28 03318758 frs-bus:Director2 2023-03-01 2024-02-28 03318758 frs-countries:EnglandWales 2023-03-01 2024-02-28 03318758 2022-02-28 03318758 2023-02-28 03318758 2022-03-01 2023-02-28 03318758 frs-core:CurrentFinancialInstruments 2023-02-28 03318758 frs-core:Non-currentFinancialInstruments 2023-02-28 03318758 frs-core:CapitalRedemptionReserve 2023-02-28 03318758 frs-core:ShareCapital 2023-02-28 03318758 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 03318758
Leedstone Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03318758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 149,828 193,913
Investment Properties 5 142,114 142,114
291,942 336,027
CURRENT ASSETS
Debtors 6 587,283 524,937
Cash at bank and in hand 20,962 2,758
608,245 527,695
Creditors: Amounts Falling Due Within One Year 7 (563,755 ) (490,276 )
NET CURRENT ASSETS (LIABILITIES) 44,490 37,419
TOTAL ASSETS LESS CURRENT LIABILITIES 336,432 373,446
Creditors: Amounts Falling Due After More Than One Year 8 (28,137 ) (48,125 )
NET ASSETS 308,295 325,321
CAPITAL AND RESERVES
Called up share capital 9 802 802
Capital redemption reserve 200 200
Profit and Loss Account 307,293 324,319
SHAREHOLDERS' FUNDS 308,295 325,321
Page 1
Page 2
For the year ending 28 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
M Green
Director
13/01/2025
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
Leedstone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03318758 . The registered office is 32 Byron Hill Road, Harrow On The Hill, Middlesex, HA2 0HY.
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.

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% reducing balance
Motor Vehicles 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 270,926 108,780 379,706
Disposals - (19,000 ) (19,000 )
As at 28 February 2024 270,926 89,780 360,706
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 132,345 53,448 185,793
Provided during the period 27,716 12,987 40,703
Disposals - (15,618 ) (15,618 )
As at 28 February 2024 160,061 50,817 210,878
Net Book Value
As at 28 February 2024 110,865 38,963 149,828
As at 1 March 2023 138,581 55,332 193,913
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 142,114
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,808 60,584
Prepayments and accrued income 520,669 451,017
Other debtors 806 806
VAT - 12,530
587,283 524,937
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,224 11,224
Trade creditors 70,356 42,286
Bank loans and overdrafts 6,960 6,960
Other creditors 470,682 429,410
Taxation and social security 4,533 396
563,755 490,276
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,180 35,544
Bank loans 4,957 12,581
28,137 48,125
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 802 802
Page 4