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 03883376 Mr M J Loughnane Mr N C Stott Mr N C Stott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03883376 2023-06-30 03883376 2024-06-30 03883376 2023-07-01 2024-06-30 03883376 frs-core:CurrentFinancialInstruments 2024-06-30 03883376 frs-core:Non-currentFinancialInstruments 2024-06-30 03883376 frs-core:BetweenOneFiveYears 2024-06-30 03883376 frs-core:PlantMachinery 2023-07-01 2024-06-30 03883376 frs-core:WithinOneYear 2024-06-30 03883376 frs-core:ShareCapital 2024-06-30 03883376 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03883376 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03883376 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03883376 frs-bus:SmallEntities 2023-07-01 2024-06-30 03883376 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03883376 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03883376 frs-bus:Director1 2023-07-01 2024-06-30 03883376 frs-bus:Director2 2023-07-01 2024-06-30 03883376 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03883376 frs-countries:EnglandWales 2023-07-01 2024-06-30 03883376 2022-06-30 03883376 2023-06-30 03883376 2022-07-01 2023-06-30 03883376 frs-core:CurrentFinancialInstruments 2023-06-30 03883376 frs-core:Non-currentFinancialInstruments 2023-06-30 03883376 frs-core:BetweenOneFiveYears 2023-06-30 03883376 frs-core:WithinOneYear 2023-06-30 03883376 frs-core:ShareCapital 2023-06-30 03883376 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03883376
Andrew Louis Estate Agents Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03883376
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 552,484 440,935
Cash at bank and in hand 114,335 141,700
666,819 582,635
Creditors: Amounts Falling Due Within One Year 5 (162,639 ) (154,047 )
NET CURRENT ASSETS (LIABILITIES) 504,180 428,588
TOTAL ASSETS LESS CURRENT LIABILITIES 504,180 428,588
Creditors: Amounts Falling Due After More Than One Year 6 (47,720 ) (85,852 )
NET ASSETS 456,460 342,736
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 456,459 342,735
SHAREHOLDERS' FUNDS 456,460 342,736
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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 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 N C Stott
Director
26 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Andrew Louis Estate Agents Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03883376 . The registered office is 8-10 East Prescot Road, Liverpool, L14 1PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
2.5. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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2.9. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 18)
17 18
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 552,484 440,935
552,484 440,935
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 40,039 41,946
Other creditors 49,047 48,341
Taxation and social security 73,553 63,760
162,639 154,047
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 47,720 85,852
47,720 85,852
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 3,365 3,365
Later than one year and not later than five years 281 3,296
3,646 6,661
9. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
The above loan is unsecured, interest free and repayable on demand.
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10. Related Party Transactions
The following related party transactions were undertaken during the year:
A company related by common control, received amounts totalling £98,168 (2023: £209,585) and repaid amounts totalling £Nil (2023: £Nil). As at the balance sheet date the amount receivable was £538,353 (2023: £440,185).
The aggregate remuneration paid to key management personnel for the year was £NIL (2023: £Nil).
 No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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