Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06502166 Ms Carolyn Ansell Ms Susan Heybourne Ms Carolyn Ansell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06502166 2023-07-31 06502166 2024-07-31 06502166 2023-08-01 2024-07-31 06502166 frs-core:CurrentFinancialInstruments 2024-07-31 06502166 frs-core:Non-currentFinancialInstruments 2024-07-31 06502166 frs-core:ComputerEquipment 2024-07-31 06502166 frs-core:ComputerEquipment 2023-08-01 2024-07-31 06502166 frs-core:ComputerEquipment 2023-07-31 06502166 frs-core:FurnitureFittings 2024-07-31 06502166 frs-core:FurnitureFittings 2023-08-01 2024-07-31 06502166 frs-core:FurnitureFittings 2023-07-31 06502166 frs-core:NetGoodwill 2024-07-31 06502166 frs-core:NetGoodwill 2023-08-01 2024-07-31 06502166 frs-core:NetGoodwill 2023-07-31 06502166 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 06502166 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06502166 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 06502166 frs-core:ShareCapital 2024-07-31 06502166 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06502166 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06502166 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06502166 frs-bus:SmallEntities 2023-08-01 2024-07-31 06502166 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06502166 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06502166 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 06502166 frs-bus:OrdinaryShareClass1 2024-07-31 06502166 frs-bus:Director1 2023-08-01 2024-07-31 06502166 frs-bus:Director2 2023-08-01 2024-07-31 06502166 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 06502166 frs-core:CurrentFinancialInstruments 1 2024-07-31 06502166 frs-countries:EnglandWales 2023-08-01 2024-07-31 06502166 2022-07-31 06502166 2023-07-31 06502166 2022-08-01 2023-07-31 06502166 frs-core:CurrentFinancialInstruments 2023-07-31 06502166 frs-core:Non-currentFinancialInstruments 2023-07-31 06502166 frs-core:ShareCapital 2023-07-31 06502166 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 06502166 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31 06502166 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 06502166
Libre Living Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06502166
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,974,362 2,977,935
2,974,362 2,977,935
CURRENT ASSETS
Debtors 6 86,229 205,856
Cash at bank and in hand 106,532 78,056
192,761 283,912
Creditors: Amounts Falling Due Within One Year 7 (416,521 ) (581,516 )
NET CURRENT ASSETS (LIABILITIES) (223,760 ) (297,604 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,750,602 2,680,331
Creditors: Amounts Falling Due After More Than One Year 8 (933,684 ) (1,081,267 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,768 ) (5,794 )
NET ASSETS 1,812,150 1,593,270
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 1,812,148 1,593,268
SHAREHOLDERS' FUNDS 1,812,150 1,593,270
Page 1
Page 2
For the year ending 31 July 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
Ms Carolyn Ansell
Director
Ms Susan Heybourne
Director
9 April 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
Libre Living Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06502166 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
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:
Freehold in accordance with the property
Fixtures & Fittings 20% on cost
Computer Equipment 33% on reducing balance
2.5. 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 308,000
As at 31 July 2024 308,000
Amortisation
As at 1 August 2023 308,000
As at 31 July 2024 308,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 2,955,291 85,560 11,976 3,052,827
Additions - - 6,935 6,935
As at 31 July 2024 2,955,291 85,560 18,911 3,059,762
Depreciation
As at 1 August 2023 - 67,358 7,534 74,892
Provided during the period - 7,614 2,894 10,508
As at 31 July 2024 - 74,972 10,428 85,400
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 July 2024 2,955,291 10,588 8,483 2,974,362
As at 1 August 2023 2,955,291 18,202 4,442 2,977,935
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,018 141,813
Prepayments and accrued income 26,548 44,386
Other debtors 34,663 19,657
86,229 205,856
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,021 55,403
Bank loans and overdrafts 156,857 156,857
Corporation tax liability 114,838 129,451
Social security and other tax 10,629 12,709
Pensions 3,164 2,321
Other creditors 152 33,630
Intercompany 19,869 -
Accrued expenses 9,300 8,755
Directors' loan accounts 84,691 182,390
416,521 581,516
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans more 5 yr by instal 933,684 1,081,267
933,684 1,081,267
9. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
Page 5