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 02718821 Mr Richard Lewis Mr John Trotter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02718821 2023-06-30 02718821 2024-06-30 02718821 2023-07-01 2024-06-30 02718821 frs-core:CurrentFinancialInstruments 2024-06-30 02718821 frs-core:Non-currentFinancialInstruments 2024-06-30 02718821 frs-core:ComputerEquipment 2024-06-30 02718821 frs-core:ComputerEquipment 2023-07-01 2024-06-30 02718821 frs-core:ComputerEquipment 2023-06-30 02718821 frs-core:FurnitureFittings 2023-07-01 2024-06-30 02718821 frs-core:MotorVehicles 2024-06-30 02718821 frs-core:MotorVehicles 2023-07-01 2024-06-30 02718821 frs-core:MotorVehicles 2023-06-30 02718821 frs-core:ShareCapital 2024-06-30 02718821 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02718821 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02718821 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02718821 frs-bus:SmallEntities 2023-07-01 2024-06-30 02718821 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02718821 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02718821 frs-bus:Director1 2023-07-01 2024-06-30 02718821 frs-bus:Director2 2023-07-01 2024-06-30 02718821 frs-countries:EnglandWales 2023-07-01 2024-06-30 02718821 2022-06-30 02718821 2023-06-30 02718821 2022-07-01 2023-06-30 02718821 frs-core:CurrentFinancialInstruments 2023-06-30 02718821 frs-core:Non-currentFinancialInstruments 2023-06-30 02718821 frs-core:ShareCapital 2023-06-30 02718821 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 02718821
Limelight Entertainments Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
LR Accountancy & Business Services Ltd
Suite 76, 2 Cromar Way
Chelmsford
Essex
CM1 2QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02718821
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,938 8,428
15,938 8,428
CURRENT ASSETS
Stocks 5 302,636 359,179
Debtors 6 128,604 183,307
Cash at bank and in hand 223,510 82,217
654,750 624,703
Creditors: Amounts Falling Due Within One Year 7 (288,526 ) (258,889 )
NET CURRENT ASSETS (LIABILITIES) 366,224 365,814
TOTAL ASSETS LESS CURRENT LIABILITIES 382,162 374,242
Creditors: Amounts Falling Due After More Than One Year 8 (75,833 ) (125,833 )
NET ASSETS 306,329 248,409
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 306,229 248,309
SHAREHOLDERS' FUNDS 306,329 248,409
Page 1
Page 2
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 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 Richard Lewis
Director
20 March 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
Limelight Entertainments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02718821 . The registered office is Suite 76, Waterhouse Business Centre, 2 Cromar Way, Chelmsford, Essex, CM1 2QE.
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:
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 20% reducing balanec basis
Computer Equipment 20% reducing balance basis
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 32,487 12,408 44,895
Additions 12,443 1,255 13,698
Disposals (32,487 ) - (32,487 )
As at 30 June 2024 12,443 13,663 26,106
...CONTINUED
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Page 4
Depreciation
As at 1 July 2023 31,061 5,406 36,467
Provided during the period 3,111 1,651 4,762
Disposals (31,061 ) - (31,061 )
As at 30 June 2024 3,111 7,057 10,168
Net Book Value
As at 30 June 2024 9,332 6,606 15,938
As at 1 July 2023 1,426 7,002 8,428
5. Stocks
2024 2023
£ £
Finished goods 302,636 359,179
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 99,458 48,098
Prepayments and accrued income 27,413 20,894
Other debtors 585 108,193
VAT - 6,122
Amounts owed by associates 1,148 -
128,604 183,307
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 138,451 201,397
Other taxes and social security 4,975 3,492
VAT 21,735 -
Accruals and deferred income 73,365 4,000
Directors' loan accounts 50,000 50,000
288,526 258,889
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 75,833 125,833
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4