Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 02046470 Mr David Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02046470 2023-06-30 02046470 2024-06-30 02046470 2023-07-01 2024-06-30 02046470 frs-core:CurrentFinancialInstruments 2024-06-30 02046470 frs-core:Non-currentFinancialInstruments 2024-06-30 02046470 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 02046470 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-01 2024-06-30 02046470 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 02046470 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 02046470 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 02046470 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 02046470 frs-core:PlantMachinery 2024-06-30 02046470 frs-core:PlantMachinery 2023-07-01 2024-06-30 02046470 frs-core:PlantMachinery 2023-06-30 02046470 frs-core:ShareCapital 2024-06-30 02046470 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02046470 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02046470 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02046470 frs-bus:SmallEntities 2023-07-01 2024-06-30 02046470 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02046470 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02046470 frs-bus:Director1 2023-07-01 2024-06-30 02046470 frs-countries:EnglandWales 2023-07-01 2024-06-30 02046470 2022-06-30 02046470 2023-06-30 02046470 2022-07-01 2023-06-30 02046470 frs-core:CurrentFinancialInstruments 2023-06-30 02046470 frs-core:Non-currentFinancialInstruments 2023-06-30 02046470 frs-core:ShareCapital 2023-06-30 02046470 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 02046470
Laprosurge Limited
Financial Statements
For The Year Ended 30 June 2024
CS Scott Accounting LLP
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr David Campbell
Company Number 02046470
Registered Office Suite 1, Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
Accountants CS Scott Accounting LLP
Suite 1, Hardy House
Northbridge Road
Berkhamsted
HP4 1EF
Page 1
Page 2
Balance Sheet
Registered number: 02046470
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 17,190 30,316
17,191 30,317
CURRENT ASSETS
Stocks 6 487,475 480,258
Debtors 7 775,083 642,601
Cash at bank and in hand 66,965 31,532
1,329,523 1,154,391
Creditors: Amounts Falling Due Within One Year 8 (371,655 ) (343,061 )
NET CURRENT ASSETS (LIABILITIES) 957,868 811,330
TOTAL ASSETS LESS CURRENT LIABILITIES 975,059 841,647
Creditors: Amounts Falling Due After More Than One Year 9 (200,000 ) (200,000 )
NET ASSETS 775,059 641,647
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 774,959 641,547
SHAREHOLDERS' FUNDS 775,059 641,647
Page 2
Page 3
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 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 David Campbell
Director
17th February 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Laprosurge Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02046470 . The registered office is Suite 1, Hardy House, Northbridge Road, Berkhamsted, Hertfordshire, HP4 1EF.
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 - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 10 years.
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:
Leasehold 12.5% straight line
Plant & Machinery 25.0% reducing balance
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 4
Page 5
2.7. 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 years 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 assets reflect 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: 7 (2023: 5)
7 5
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 July 2023 400,000
As at 30 June 2024 400,000
Amortisation
As at 1 July 2023 399,999
As at 30 June 2024 399,999
Net Book Value
As at 30 June 2024 1
As at 1 July 2023 1
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 July 2023 52,082 38,705 90,787
Additions - 317 317
As at 30 June 2024 52,082 39,022 91,104
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 July 2023 45,829 14,642 60,471
Provided during the period 5,640 7,803 13,443
As at 30 June 2024 51,469 22,445 73,914
Net Book Value
As at 30 June 2024 613 16,577 17,190
As at 1 July 2023 6,253 24,063 30,316
6. Stocks
2024 2023
£ £
Stock 487,475 480,258
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 712,895 560,253
Other debtors 62,188 82,348
775,083 642,601
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 50,198 61,230
Corporation tax 22,275 -
Other taxes and social security 24,157 21,853
Other creditors 119,488 153,271
Accruals and deferred income 155,537 106,707
371,655 343,061
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to participating interests 200,000 200,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6