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 10398875 Mr Robert Underhill Mrs Rachel Underhill Mrs Rachel Underhill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10398875 2023-05-31 10398875 2024-05-31 10398875 2023-06-01 2024-05-31 10398875 frs-core:CurrentFinancialInstruments 2024-05-31 10398875 frs-core:ComputerEquipment 2024-05-31 10398875 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10398875 frs-core:ComputerEquipment 2023-05-31 10398875 frs-core:FurnitureFittings 2024-05-31 10398875 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10398875 frs-core:FurnitureFittings 2023-05-31 10398875 frs-core:MotorVehicles 2024-05-31 10398875 frs-core:MotorVehicles 2023-06-01 2024-05-31 10398875 frs-core:MotorVehicles 2023-05-31 10398875 frs-core:PlantMachinery 2024-05-31 10398875 frs-core:PlantMachinery 2023-06-01 2024-05-31 10398875 frs-core:PlantMachinery 2023-05-31 10398875 frs-core:ShareCapital 2024-05-31 10398875 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10398875 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10398875 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10398875 frs-bus:SmallEntities 2023-06-01 2024-05-31 10398875 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10398875 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10398875 frs-bus:Director1 2023-06-01 2024-05-31 10398875 frs-bus:Director2 2023-06-01 2024-05-31 10398875 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10398875 frs-countries:EnglandWales 2023-06-01 2024-05-31 10398875 2022-05-31 10398875 2023-05-31 10398875 2022-06-01 2023-05-31 10398875 frs-core:CurrentFinancialInstruments 2023-05-31 10398875 frs-core:ShareCapital 2023-05-31 10398875 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10398875
Lawn Master UK Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10398875
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,892 38,934
57,892 38,934
CURRENT ASSETS
Stocks 5 29,500 23,200
Debtors 6 425,651 401,507
Cash at bank and in hand 719,468 790,476
1,174,619 1,215,183
Creditors: Amounts Falling Due Within One Year 7 (380,171 ) (367,630 )
NET CURRENT ASSETS (LIABILITIES) 794,448 847,553
TOTAL ASSETS LESS CURRENT LIABILITIES 852,340 886,487
NET ASSETS 852,340 886,487
CAPITAL AND RESERVES
Called up share capital 8 157,350 157,350
Profit and Loss Account 694,990 729,137
SHAREHOLDERS' FUNDS 852,340 886,487
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Page 2
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
Mrs Rachel Underhill
Director
13/11/2024
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
Lawn Master UK Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10398875 . The registered office is Chichester House, 2 Chichester Street, Rochdale, Lancashire, OL16 2AX.
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% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 20,900 28,897 18,384 29,315 97,496
Additions - 33,791 - 5,980 39,771
As at 31 May 2024 20,900 62,688 18,384 35,295 137,267
Depreciation
As at 1 June 2023 13,634 11,000 13,234 20,694 58,562
Provided during the period 2,204 10,451 1,289 6,869 20,813
As at 31 May 2024 15,838 21,451 14,523 27,563 79,375
Net Book Value
As at 31 May 2024 5,062 41,237 3,861 7,732 57,892
As at 1 June 2023 7,266 17,897 5,150 8,621 38,934
5. Stocks
2024 2023
£ £
Stock 29,500 23,200
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 425,651 401,507
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 126,406 110,689
Corporation tax 75,632 67,630
VAT 24,656 24,268
Other creditors 86,480 99,958
Accruals and deferred income 1,380 1,380
Directors' loan accounts 65,617 63,705
380,171 367,630
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 157,350 157,350
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