Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 30 March 2024 30 March 2024 13296236 Mr G M Lupton Mrs C M Lupton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13296236 2023-03-31 13296236 2024-03-30 13296236 2023-04-01 2024-03-30 13296236 frs-core:CurrentFinancialInstruments 2024-03-30 13296236 frs-core:Non-currentFinancialInstruments 2024-03-30 13296236 frs-core:ComputerEquipment 2024-03-30 13296236 frs-core:ComputerEquipment 2023-04-01 2024-03-30 13296236 frs-core:ComputerEquipment 2023-03-31 13296236 frs-core:WithinOneYear 2024-03-30 13296236 frs-core:ShareCapital 2024-03-30 13296236 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 13296236 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 13296236 frs-bus:FilletedAccounts 2023-04-01 2024-03-30 13296236 frs-bus:SmallEntities 2023-04-01 2024-03-30 13296236 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-30 13296236 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-30 13296236 frs-bus:Director1 2023-04-01 2024-03-30 13296236 frs-bus:Director2 2023-04-01 2024-03-30 13296236 frs-countries:EnglandWales 2023-04-01 2024-03-30 13296236 2022-03-31 13296236 2023-03-31 13296236 2022-04-01 2023-03-31 13296236 frs-core:CurrentFinancialInstruments 2023-03-31 13296236 frs-core:Non-currentFinancialInstruments 2023-03-31 13296236 frs-core:BetweenOneFiveYears 2023-03-31 13296236 frs-core:WithinOneYear 2023-03-31 13296236 frs-core:ShareCapital 2023-03-31 13296236 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13296236
Lupton Logistics Ltd
Unaudited Financial Statements
For The Year Ended 30 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13296236
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,773 2,733
3,773 2,733
CURRENT ASSETS
Debtors 5 87,285 133,948
Cash at bank and in hand 111,341 14,392
198,626 148,340
Creditors: Amounts Falling Due Within One Year 6 (133,218 ) (74,047 )
NET CURRENT ASSETS (LIABILITIES) 65,408 74,293
TOTAL ASSETS LESS CURRENT LIABILITIES 69,181 77,026
Creditors: Amounts Falling Due After More Than One Year 7 (1,083 ) (2,083 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (943 ) (683 )
NET ASSETS 67,155 74,260
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 67,151 74,256
SHAREHOLDERS' FUNDS 67,155 74,260
Page 1
Page 2
For the year ending 30 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 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 G M Lupton
Director
24 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lupton Logistics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13296236 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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 assets are initially recorded at cost, and 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.
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:
Computer equipment 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
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. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Computer equipment
£
Cost
As at 1 April 2023 3,932
Additions 2,298
As at 30 March 2024 6,230
Depreciation
As at 1 April 2023 1,199
Provided during the period 1,258
As at 30 March 2024 2,457
Net Book Value
As at 30 March 2024 3,773
As at 1 April 2023 2,733
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,048 128,854
Prepayments and accrued income 237 227
Other debtors - 4,867
87,285 133,948
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 85,623 29,856
Bank loans and overdrafts 1,000 1,000
Corporation tax 6,670 21,996
VAT 25,435 19,162
Other creditors 6,143 -
Accruals and deferred income 1,853 2,028
Directors' loan accounts 6,494 5
133,218 74,047
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,083 2,083
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 4
Page 5
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,570 7,884
Later than one year and not later than five years - 6,569
6,570 14,453
10. Related Party Transactions
The following related party transactions were undertaken during the year:
During the year a director introduced capital totalling £5,562 and withdrew amounts totalling £31,072 (2023: introduced capital totalling £14,686 and withdrew amounts totalling £16,801). At the balance sheet date the amount payable to the director was £6,494 (2023: £5).
Dividends were paid to the directors in respect of their shareholdings totalling £32,000 (2023: £9,500).
The aggregate remuneration paid to key management personnel for the year was £18,200 (2023: £13,333).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Page 5