Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03444906 Mr Razi Mireskandari Mrs Jacqui Nash iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03444906 2023-06-30 03444906 2024-06-30 03444906 2023-07-01 2024-06-30 03444906 frs-core:CurrentFinancialInstruments 2024-06-30 03444906 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03444906 frs-bus:CompanyLimitedByGuarantee 2023-07-01 2024-06-30 03444906 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03444906 frs-bus:SmallEntities 2023-07-01 2024-06-30 03444906 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03444906 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03444906 frs-bus:Director1 2023-07-01 2024-06-30 03444906 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03444906 frs-core:CurrentFinancialInstruments 1 2024-06-30 03444906 frs-core:CurrentFinancialInstruments 2 2024-06-30 03444906 frs-countries:EnglandWales 2023-07-01 2024-06-30 03444906 2022-06-30 03444906 2023-06-30 03444906 2022-07-01 2023-06-30 03444906 frs-core:CurrentFinancialInstruments 2023-06-30 03444906 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 03444906 frs-core:CurrentFinancialInstruments 1 2023-06-30 03444906 frs-core:CurrentFinancialInstruments 2 2023-06-30
Registered number: 03444906
Laworld Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
SMS Ventures Southend Ltd
Chartered Certified Accountants
Office 22 The Link Business Centre
2nd Floor Tylers House
Southend-On-Sea
Essex
SS1 2BB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 03444906
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 10,819 54,602
Cash at bank and in hand 127,559 108,598
138,378 163,200
Creditors: Amounts Falling Due Within One Year 5 (116,116 ) (100,999 )
NET CURRENT ASSETS (LIABILITIES) 22,262 62,201
TOTAL ASSETS LESS CURRENT LIABILITIES 22,262 62,201
NET ASSETS 22,262 62,201
Income and Expenditure Account 22,262 62,201
MEMBERS' FUNDS 22,262 62,201
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 Income and Expenditure Account.
On behalf of the board
Mr Razi Mireskandari
Director
20/03/2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Laworld Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03444906 . The registered office is 52a Warrington Crescent, London, W9 1EP.
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. 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 surplus.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,819 54,602
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 488 971
Marketing levy 107,887 92,788
Accrual 7,741 7,240
116,116 100,999
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 2