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 10748954 Mr James Lumsden Mr Glen Manchester iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10748954 2023-05-31 10748954 2024-05-31 10748954 2023-06-01 2024-05-31 10748954 frs-core:CurrentFinancialInstruments 2024-05-31 10748954 frs-core:Non-currentFinancialInstruments 2024-05-31 10748954 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 10748954 frs-core:FurnitureFittings 2024-05-31 10748954 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10748954 frs-core:FurnitureFittings 2023-05-31 10748954 frs-core:NetGoodwill 2023-06-01 2024-05-31 10748954 frs-core:OtherResidualIntangibleAssets 2024-05-31 10748954 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 10748954 frs-core:OtherResidualIntangibleAssets 2023-05-31 10748954 frs-core:PlantMachinery 2024-05-31 10748954 frs-core:PlantMachinery 2023-06-01 2024-05-31 10748954 frs-core:PlantMachinery 2023-05-31 10748954 frs-core:ShareCapital 2024-05-31 10748954 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10748954 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10748954 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10748954 frs-bus:SmallEntities 2023-06-01 2024-05-31 10748954 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10748954 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10748954 frs-bus:Director1 2023-06-01 2024-05-31 10748954 frs-bus:Director2 2023-06-01 2024-05-31 10748954 frs-countries:EnglandWales 2023-06-01 2024-05-31 10748954 2022-05-31 10748954 2023-05-31 10748954 2022-06-01 2023-05-31 10748954 frs-core:CurrentFinancialInstruments 2023-05-31 10748954 frs-core:Non-currentFinancialInstruments 2023-05-31 10748954 frs-core:ShareCapital 2023-05-31 10748954 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10748954
Ledmore Sussex Hospitality Limited
Financial Statements
For The Year Ended 31 May 2024
The PHLT Group
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10748954
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 53,875 12,900
Tangible Assets 5 572,403 258,560
626,278 271,460
CURRENT ASSETS
Stocks 6 1,500 1,500
Debtors 7 46,991 134
Cash at bank and in hand 43,390 56,604
91,881 58,238
Creditors: Amounts Falling Due Within One Year 8 (248,743 ) (116,206 )
NET CURRENT ASSETS (LIABILITIES) (156,862 ) (57,968 )
TOTAL ASSETS LESS CURRENT LIABILITIES 469,416 213,492
Creditors: Amounts Falling Due After More Than One Year 9 (1,556,063 ) (385,943 )
NET LIABILITIES (1,086,647 ) (172,451 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (1,086,747 ) (172,551 )
SHAREHOLDERS' FUNDS (1,086,647) (172,451)
Page 1
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
Mr James Lumsden
Director
24/02/2025
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
Ledmore Sussex Hospitality Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10748954 . The registered office is 6 Genesis Business Centre, Redkiln Way, Horsham, West Sussex, RH13 5QH.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are design and consultancy fees. It is amortised to profit and loss account over its estimated economic life 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 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 12.5% per annum
Fixtures & Fittings 4.0% per annum
2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 12)
16 12
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 12,900
Additions 42,265
As at 31 May 2024 55,165
Amortisation
As at 1 June 2023 -
Provided during the period 1,290
As at 31 May 2024 1,290
Net Book Value
As at 31 May 2024 53,875
As at 1 June 2023 12,900
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 30,369 250,233 280,602
Additions - 327,648 327,648
As at 31 May 2024 30,369 577,881 608,250
Depreciation
As at 1 June 2023 6,042 16,000 22,042
Provided during the period 3,796 10,009 13,805
As at 31 May 2024 9,838 26,009 35,847
Net Book Value
As at 31 May 2024 20,531 551,872 572,403
As at 1 June 2023 24,327 234,233 258,560
6. Stocks
2024 2023
£ £
Materials 1,500 1,500
7. Debtors
2024 2023
£ £
Due within one year
Other debtors - 134
Corporation tax recoverable assets 34,928 -
VAT 12,063 -
46,991 134
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 146,279 13,364
Bank loans and overdrafts 16,795 41,744
Other taxes and social security 25,584 10,718
VAT - 29,666
Net wages 57,235 19,322
Other creditors 2,850 1,392
248,743 116,206
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,397 24,200
Other loans 1,541,666 361,743
1,556,063 385,943
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5