Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07551053 Mr John O'Donnell Mrs Sapna Sharma iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07551053 2023-08-31 07551053 2024-08-31 07551053 2023-09-01 2024-08-31 07551053 frs-core:CurrentFinancialInstruments 2024-08-31 07551053 frs-core:Non-currentFinancialInstruments 2024-08-31 07551053 frs-core:ComputerEquipment 2024-08-31 07551053 frs-core:ComputerEquipment 2023-09-01 2024-08-31 07551053 frs-core:ComputerEquipment 2023-08-31 07551053 frs-core:FurnitureFittings 2024-08-31 07551053 frs-core:FurnitureFittings 2023-09-01 2024-08-31 07551053 frs-core:FurnitureFittings 2023-08-31 07551053 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 07551053 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 07551053 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 07551053 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 07551053 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07551053 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 07551053 frs-core:ShareCapital 2024-08-31 07551053 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07551053 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07551053 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07551053 frs-bus:SmallEntities 2023-09-01 2024-08-31 07551053 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07551053 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07551053 frs-bus:Director1 2023-09-01 2024-08-31 07551053 frs-bus:Director2 2023-09-01 2024-08-31 07551053 frs-core:Non-currentFinancialInstruments 1 2024-08-31 07551053 frs-countries:EnglandWales 2023-09-01 2024-08-31 07551053 2022-08-31 07551053 2023-08-31 07551053 2022-09-01 2023-08-31 07551053 frs-core:CurrentFinancialInstruments 2023-08-31 07551053 frs-core:Non-currentFinancialInstruments 2023-08-31 07551053 frs-core:ShareCapital 2023-08-31 07551053 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 07551053 frs-core:Non-currentFinancialInstruments 1 2023-08-31
Registered number: 07551053
Lrk Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07551053
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 174,076 120,440
174,076 120,440
CURRENT ASSETS
Debtors 5 2,156 41,025
Cash at bank and in hand 1,487 10,791
3,643 51,816
Creditors: Amounts Falling Due Within One Year 6 (105,278 ) (3,525 )
NET CURRENT ASSETS (LIABILITIES) (101,635 ) 48,291
TOTAL ASSETS LESS CURRENT LIABILITIES 72,441 168,731
Creditors: Amounts Falling Due After More Than One Year 7 (102,345 ) (197,226 )
NET LIABILITIES (29,904 ) (28,495 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (29,905 ) (28,496 )
SHAREHOLDERS' FUNDS (29,904) (28,495)
Page 1
Page 2
For the year ending 31 August 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 John O'Donnell
Director
22nd April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lrk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07551053 . The registered office is 2 Gloucester Road North, Bristol, BS7 0SF.
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:
Freehold no depreciation
Leasehold no depreciation
Fixtures & Fittings 10 year straight line
Computer Equipment fully depreciated
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: )
2 -
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 104,983 15,457 - 250 120,690
Additions - 35,136 20,000 - 55,136
Disposals - - - (250 ) (250 )
As at 31 August 2024 104,983 50,593 20,000 - 175,576
Depreciation
As at 1 September 2023 - - - 250 250
Provided during the period - - 1,500 - 1,500
Disposals - - - (250 ) (250 )
As at 31 August 2024 - - 1,500 - 1,500
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 August 2024 104,983 50,593 18,500 - 174,076
As at 1 September 2023 104,983 15,457 - - 120,440
5. Debtors
2024 2023
£ £
Due within one year
VAT 191 140
Other taxes and social security 1,403 1,100
1,594 1,240
Due after more than one year
Anpas Residential 562 39,785
562 39,785
2,156 41,025
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Accruals and deferred income 3,525 3,525
Directors' loan accounts 101,754 -
105,278 3,525
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 93,543 140,545
Other creditors 8,802 -
Directors loan account - 56,681
102,345 197,226
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4