Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10664123 Mr Jonathan Houlton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10664123 2023-03-31 10664123 2024-03-31 10664123 2023-04-01 2024-03-31 10664123 frs-core:CurrentFinancialInstruments 2024-03-31 10664123 frs-core:ComputerEquipment 2024-03-31 10664123 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10664123 frs-core:ComputerEquipment 2023-03-31 10664123 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 10664123 frs-core:OtherResidualIntangibleAssets 2024-03-31 10664123 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 10664123 frs-core:OtherResidualIntangibleAssets 2023-03-31 10664123 frs-core:PlantMachinery 2024-03-31 10664123 frs-core:PlantMachinery 2023-04-01 2024-03-31 10664123 frs-core:PlantMachinery 2023-03-31 10664123 frs-core:WithinOneYear 2024-03-31 10664123 frs-core:ShareCapital 2024-03-31 10664123 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10664123 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10664123 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10664123 frs-bus:SmallEntities 2023-04-01 2024-03-31 10664123 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10664123 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10664123 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10664123 frs-bus:OrdinaryShareClass1 2024-03-31 10664123 frs-bus:Director1 2023-04-01 2024-03-31 10664123 frs-core:CurrentFinancialInstruments 1 2024-03-31 10664123 frs-countries:EnglandWales 2023-04-01 2024-03-31 10664123 2022-03-31 10664123 2023-03-31 10664123 2022-04-01 2023-03-31 10664123 frs-core:CurrentFinancialInstruments 2023-03-31 10664123 frs-core:WithinOneYear 2023-03-31 10664123 frs-core:ShareCapital 2023-03-31 10664123 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10664123 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10664123 frs-core:CurrentFinancialInstruments 1 2023-03-31 10664123 frs-core:CurrentFinancialInstruments 9 2023-03-31
Registered number: 10664123
Lewis John Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10664123
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 4,072 4,887
Tangible assets 5 1,420 1,463
5,492 6,350
CURRENT ASSETS
Debtors 6 2,971 4,009
Cash at bank and in hand 13,370 4,409
16,341 8,418
Creditors: Amounts falling due within one year 7 (21,696 ) (13,659 )
NET CURRENT ASSETS (LIABILITIES) (5,355 ) (5,241 )
TOTAL ASSETS LESS CURRENT LIABILITIES 137 1,109
NET ASSETS 137 1,109
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 37 1,009
SHAREHOLDERS' FUNDS 137 1,109
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For the year ending 31 March 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 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 Income Statement.
The financial statements were approved by the board of directors on 23 January 2024 and were signed on its behalf by:
Mr Jonathan Houlton
Director
23 January 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lewis John Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10664123 . The registered office is Chelveston House, 4 Bradmore Close, Solihull, B91 3ZB.
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 FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland - Small Entities and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, net of discounts, value added taxes and other sales taxes.
Rendering of services
Turnover from the provision of computer software development services is recognised in the period in which the services are provided.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets, other than goodwill, acquired separately are measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged to the income statement at the following rates in order to write off the assets over their estimated useful lives:
      Licencing and rights:                                     10 year straight line
(The franchise held by the company has an indefinite term length but is expected to be utilised for a period of 10 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 charged to the income statement at the following rates in order to write off the cost of the assets, less their estimated residual value, over their estimated useful lives:
Plant & Machinery 33% straight line
Computer Equipment 20% reducing balance and 33% straight line
2.6. Leasing and Hire Purchase Contracts
Operating leases
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to the income statement on a straight line basis over the lease term, including any lease incentives or adjustments.
2.7. Financial Instruments
Basic financial instruments
Cash and cash equivalents, and trade and other debtors and creditors, are classified as basic financial instruments.
Basic financial instruments not constituting financing transactions are initially recognised at transaction price. For arrangements constituting financing transactions, different recognition criteria apply:
  • Loans to the company from a person who is within a director's group of close family members that contains at least one shareholder are also initially recognised at transaction price.
  • All other arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest.
Subsequent to initial recognition:
...CONTINUED
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2.7. Financial Instruments - continued
  • Basic financial instruments classified as payable or receivable after more than one year are measured at amortised cost using the effective interest method.
  • Basic financial instruments classified as payable or receivable within one year are only amortised if the effect is material.
Cash and cash equivalents
Cash in hand, bank balances, and short-term deposits with an original maturity of three months or less, which are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value, are classified as cash and cash equivalents. These amounts are included in 'Cash at bank and in hand' on the statement of financial position.
Bank overdrafts are generally classified separately as creditors under current liabilities. However, if overdrafts are repayable on demand and the company has a legally enforceable right to set them off against cash and cash equivalents, they may be offset in certain circumstances.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.10. Presentation Currency
The financial statements are presented in £ sterling, which is the functional currency of the company.
2.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, director's report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, including directors and other officers, during the year was: 1 (2023: 1)
1 1
4. Intangible assets
Other
£
Cost
As at 1 April 2023 8,145
As at 31 March 2024 8,145
Amortisation
As at 1 April 2023 3,258
Provided during the period 815
As at 31 March 2024 4,073
Net Book Value
As at 31 March 2024 4,072
As at 1 April 2023 4,887
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At the statement of financial position date, the net book value of each class of intangible assets was as follows:
 Licensing and rights: £4,072
5. Tangible assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 - 4,782 4,782
Additions 225 134 359
As at 31 March 2024 225 4,916 5,141
Depreciation
As at 1 April 2023 - 3,319 3,319
Provided during the period 31 371 402
As at 31 March 2024 31 3,690 3,721
Net Book Value
As at 31 March 2024 194 1,226 1,420
As at 1 April 2023 - 1,463 1,463
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,567 3,813
Prepayments and accrued income 404 -
VAT receivable - 196
2,971 4,009
7. Creditors: Amounts falling due within one year
2024 2023
£ £
Corporation tax 2,504 1,721
Other taxes and social security 1,020 1,018
VAT 1,847 1,874
Staff expense reimbursements payable 942 630
Accruals and deferred income 858 1,062
Director's loan account 14,525 7,354
21,696 13,659
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary shares of £ 1.00 each 100 100
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9. Other Commitments
At the statement of financial position date, the company had the following total future minimum lease payments due under non-cancellable operating leases:
2024 2023
£ £
Not later than one year 149 149
149 149
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 11,600 6,000
11. Related Party Transactions
During the year, the company entered into the following transactions with related parties:
Owners holding a participating interest
During the year, the company received loans from Mr J Houlton, the sole director and a shareholder with a participating interest, totalling £9,202 (2023: £10,183). At the reporting date, the outstanding loan balance was £14,525 (2023: £7,289). The maximum balance outstanding during the year was £14,525 (2023: £8,919).
This amount is interest-free, unsecured and repayable on demand.
During the year, the company made loan repayments to Mrs K Houlton, a shareholder with a participating interest, totalling £65 (2023: £1,360). At the reporting date, the outstanding loan balance was £0 (2023: £65). The maximum balance outstanding during the year was £65 (2023: £1,425).
This amount is interest-free, unsecured and repayable on demand.
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