Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09130461 Mr Rex Lampier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09130461 2023-05-31 09130461 2024-05-31 09130461 2023-06-01 2024-05-31 09130461 frs-core:CurrentFinancialInstruments 2024-05-31 09130461 frs-core:Non-currentFinancialInstruments 2024-05-31 09130461 frs-core:ComputerEquipment 2024-05-31 09130461 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09130461 frs-core:ComputerEquipment 2023-05-31 09130461 frs-core:MotorVehicles 2024-05-31 09130461 frs-core:MotorVehicles 2023-06-01 2024-05-31 09130461 frs-core:MotorVehicles 2023-05-31 09130461 frs-core:ShareCapital 2024-05-31 09130461 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09130461 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09130461 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09130461 frs-bus:SmallEntities 2023-06-01 2024-05-31 09130461 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09130461 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09130461 frs-bus:Director1 2023-06-01 2024-05-31 09130461 frs-countries:EnglandWales 2023-06-01 2024-05-31 09130461 2022-05-31 09130461 2023-05-31 09130461 2022-06-01 2023-05-31 09130461 frs-core:CurrentFinancialInstruments 2023-05-31 09130461 frs-core:Non-currentFinancialInstruments 2023-05-31 09130461 frs-core:ShareCapital 2023-05-31 09130461 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09130461
LS Principals 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: 09130461
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69 450
69 450
CURRENT ASSETS
Debtors 5 4,248 5,201
Cash at bank and in hand 3,883 3,393
8,131 8,594
Creditors: Amounts Falling Due Within One Year 6 (11,335 ) (11,123 )
NET CURRENT ASSETS (LIABILITIES) (3,204 ) (2,529 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,135 ) (2,079 )
Creditors: Amounts Falling Due After More Than One Year 7 (14,049 ) (8,908 )
NET LIABILITIES (17,184 ) (10,987 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (17,185 ) (10,988 )
SHAREHOLDERS' FUNDS (17,184) (10,987)
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 member has 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 Profit and Loss Account.
On behalf of the board
Mr Rex Lampier
Director
25/02/2025
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
LS Principals Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09130461 . The registered office is St James House, 65 Mere Green Road, Sutton Coldfield, West Midlands, B75 5BY.
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. Going Concern Disclosure
The directors have 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, 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.
2.4. 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:
Motor Vehicles 20% straight line
Computer Equipment 33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 1,100 490 1,590
As at 31 May 2024 1,100 490 1,590
Depreciation
As at 1 June 2023 843 297 1,140
Provided during the period 220 161 381
As at 31 May 2024 1,063 458 1,521
Net Book Value
As at 31 May 2024 37 32 69
As at 1 June 2023 257 193 450
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,248 5,201
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 -
Other creditors 11,333 11,123
11,335 11,123
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to related parties 14,049 8,908
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
£14,049 is owed to LS Lateral Ltd, a company also controlled by Rex Lampier.
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