Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12872539 Miss Elizabeth Cookland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12872539 2023-09-30 12872539 2024-09-30 12872539 2023-10-01 2024-09-30 12872539 frs-core:CurrentFinancialInstruments 2024-09-30 12872539 frs-core:Non-currentFinancialInstruments 2024-09-30 12872539 frs-core:ComputerEquipment 2024-09-30 12872539 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12872539 frs-core:ComputerEquipment 2023-09-30 12872539 frs-core:FurnitureFittings 2023-10-01 2024-09-30 12872539 frs-core:MotorVehicles 2024-09-30 12872539 frs-core:MotorVehicles 2023-10-01 2024-09-30 12872539 frs-core:MotorVehicles 2023-09-30 12872539 frs-core:PlantMachinery 2024-09-30 12872539 frs-core:PlantMachinery 2023-10-01 2024-09-30 12872539 frs-core:PlantMachinery 2023-09-30 12872539 frs-core:ShareCapital 2024-09-30 12872539 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12872539 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12872539 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12872539 frs-bus:SmallEntities 2023-10-01 2024-09-30 12872539 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12872539 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12872539 frs-bus:Director1 2023-10-01 2024-09-30 12872539 frs-core:CurrentFinancialInstruments 1 2024-09-30 12872539 frs-core:CurrentFinancialInstruments 2 2024-09-30 12872539 frs-countries:EnglandWales 2023-10-01 2024-09-30 12872539 2022-09-30 12872539 2023-09-30 12872539 2022-10-01 2023-09-30 12872539 frs-core:CurrentFinancialInstruments 2023-09-30 12872539 frs-core:Non-currentFinancialInstruments 2023-09-30 12872539 frs-core:ShareCapital 2023-09-30 12872539 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12872539 frs-core:CurrentFinancialInstruments 1 2023-09-30 12872539 frs-core:CurrentFinancialInstruments 2 2023-09-30
Registered number: 12872539
Loca Construction Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Taylor & Russell Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12872539
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 137,835 30,365
137,835 30,365
CURRENT ASSETS
Debtors 5 340,407 221,478
Cash at bank and in hand 7,471 52,903
347,878 274,381
Creditors: Amounts Falling Due Within One Year 6 (90,833 ) (97,694 )
NET CURRENT ASSETS (LIABILITIES) 257,045 176,687
TOTAL ASSETS LESS CURRENT LIABILITIES 394,880 207,052
Creditors: Amounts Falling Due After More Than One Year 7 (55,918 ) (12,645 )
NET ASSETS 338,962 194,407
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 338,960 194,405
SHAREHOLDERS' FUNDS 338,962 194,407
Page 1
Page 2
For the year ending 30 September 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 her 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
Miss Elizabeth Cookland
Director
28/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Loca Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12872539 . The registered office is Unit 3, The Chainworks, Masbrough Street, Rotherham, S60 1ER.
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:
Plant & Machinery 25% Reducing balance method
Motor Vehicles 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
Computer Equipment 25% Reducing balance method
Page 3
Page 4
2.4. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 856 41,845 1,911 44,612
Additions 8,267 144,015 1,132 153,414
As at 30 September 2024 9,123 185,860 3,043 198,026
Depreciation
As at 1 October 2023 214 13,555 478 14,247
Provided during the period 2,227 43,076 641 45,944
As at 30 September 2024 2,441 56,631 1,119 60,191
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 September 2024 6,682 129,229 1,924 137,835
As at 1 October 2023 642 28,290 1,433 30,365
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 211,474 76,229
VAT debtor (Debtors < 1 year) 44,161 7,922
CIS debtor (Debtors < 1 year) 84,772 137,327
340,407 221,478
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,304 -
Bank loans and overdrafts 17,603 6,981
Corporation tax 26,692 44,793
Other creditors 1,296 -
Director's loan account 38,938 45,920
90,833 97,694
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 55,918 12,645
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5