Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC537507 Ms Lisa Donati true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC537507 2023-06-30 SC537507 2024-06-30 SC537507 2023-07-01 2024-06-30 SC537507 frs-core:CurrentFinancialInstruments 2024-06-30 SC537507 frs-core:Non-currentFinancialInstruments 2024-06-30 SC537507 frs-core:ComputerEquipment 2024-06-30 SC537507 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC537507 frs-core:ComputerEquipment 2023-06-30 SC537507 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC537507 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 SC537507 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-01 2024-06-30 SC537507 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 SC537507 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC537507 frs-core:MotorVehicles 2024-06-30 SC537507 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC537507 frs-core:MotorVehicles 2023-06-30 SC537507 frs-core:ShareCapital 2024-06-30 SC537507 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC537507 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC537507 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC537507 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC537507 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC537507 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC537507 1 2023-07-01 2024-06-30 SC537507 frs-core:DeferredTaxation 2023-07-01 2024-06-30 SC537507 frs-core:DeferredTaxation 2023-06-30 SC537507 frs-core:DeferredTaxation 2024-06-30 SC537507 frs-bus:Director1 2023-07-01 2024-06-30 SC537507 frs-countries:Scotland 2023-07-01 2024-06-30 SC537507 2022-06-30 SC537507 2023-06-30 SC537507 2022-07-01 2023-06-30 SC537507 frs-core:CurrentFinancialInstruments 2023-06-30 SC537507 frs-core:Non-currentFinancialInstruments 2023-06-30 SC537507 frs-core:ShareCapital 2023-06-30 SC537507 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC537507
Lisa Donati Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC537507
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 114,852 117,114
114,852 117,114
CURRENT ASSETS
Stocks 5 1,960 2,550
Debtors 6 2,475 4,203
Cash at bank and in hand 596 1,265
5,031 8,018
Creditors: Amounts Falling Due Within One Year 7 (59,284 ) (49,072 )
NET CURRENT ASSETS (LIABILITIES) (54,253 ) (41,054 )
TOTAL ASSETS LESS CURRENT LIABILITIES 60,599 76,060
Creditors: Amounts Falling Due After More Than One Year 8 (18,381 ) (23,853 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (2,349 ) (2,779 )
NET ASSETS 39,869 49,428
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 39,868 49,427
SHAREHOLDERS' FUNDS 39,869 49,428
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Lisa Donati
Director
27/02/2025
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
Lisa Donati Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC537507 . The registered office is 10 Avonhead Road, Condorrat, Glasgow, G67 4RA.
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 stated net of discounts and value added taxes and includes revenue earned from the sale of goods and from the rendering of services. 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.
Rental income from the investment properties is stated in accordance with actual rent receipts.
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:
Freehold 0%
Motor Vehicles 25% - reducing balance basis
Fixtures & Fittings 20% - reducing balance basis
Computer Equipment 20% - reducing balance basis
No depreciation or revaluation of the investment properties has been provided for, and the values are stated at cost.
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, if relevant, in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks 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. 
2.6. 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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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: 1 (2023: 2)
1 2
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4. Tangible Assets
Investment Properties Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 102,494 11,658 26,803 140,955
Additions - - 908 908
As at 30 June 2024 102,494 11,658 27,711 141,863
Depreciation
As at 1 July 2023 - 8,585 15,256 23,841
Provided during the period - 768 2,402 3,170
As at 30 June 2024 - 9,353 17,658 27,011
Net Book Value
As at 30 June 2024 102,494 2,305 10,053 114,852
As at 1 July 2023 102,494 3,073 11,547 117,114
The investment properties are unsecured and are stated at cost.
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
5. Stocks
2024 2023
£ £
Stock - materials and finished goods 1,960 2,550
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,047 2,850
Prepayments and accrued income 1,428 1,353
2,475 4,203
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,273 1,666
Bank loans and overdrafts 8,208 8,208
PAYE and NI 1,947 1,737
VAT 17 566
Accrued charges 1,200 1,063
Director's loan account 45,639 35,832
59,284 49,072
The directors loan is unsecured, interest free and has no fixed terms of repayment.
The bank loan was obtained in June 2020 in terms of the Bounce Back Loan Scheme following the Covid19 pandemic and is accordance with the terms thereof.
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,381 23,853
The bank loan was obtained in June 2020 in terms of the Bounce Back Loan Scheme following the Covid19 pandemic and is accordance with the terms thereof.
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 2,349 2,779
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 2,779 2,779
Utilised (430 ) (430)
Balance at 30 June 2024 2,349 2,349
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
12. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of her ownership of 100% of the issued share capital in the company.
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