Acorah Software Products - Accounts Production 16.2.850 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09752474 Mr N Gurianov iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09752474 2023-08-31 09752474 2024-08-31 09752474 2023-09-01 2024-08-31 09752474 frs-core:CurrentFinancialInstruments 2024-08-31 09752474 frs-core:ComputerEquipment 2024-08-31 09752474 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09752474 frs-core:ComputerEquipment 2023-08-31 09752474 frs-core:FurnitureFittings 2024-08-31 09752474 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09752474 frs-core:FurnitureFittings 2023-08-31 09752474 frs-core:PlantMachinery 2024-08-31 09752474 frs-core:PlantMachinery 2023-09-01 2024-08-31 09752474 frs-core:PlantMachinery 2023-08-31 09752474 frs-core:ShareCapital 2024-08-31 09752474 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09752474 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09752474 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09752474 frs-bus:SmallEntities 2023-09-01 2024-08-31 09752474 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09752474 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09752474 frs-bus:Director1 2023-09-01 2024-08-31 09752474 frs-countries:EnglandWales 2023-09-01 2024-08-31 09752474 2022-08-31 09752474 2023-08-31 09752474 2022-09-01 2023-08-31 09752474 frs-core:CurrentFinancialInstruments 2023-08-31 09752474 frs-core:ShareCapital 2023-08-31 09752474 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09752474
Lion & Fox Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Goldwyns London LLP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09752474
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,185 10,113
15,185 10,113
CURRENT ASSETS
Stocks 5 - 8,359
Debtors 6 62,729 63,178
Cash at bank and in hand 2,893 2,841
65,622 74,378
Creditors: Amounts Falling Due Within One Year 7 (655,856 ) (619,495 )
NET CURRENT ASSETS (LIABILITIES) (590,234 ) (545,117 )
TOTAL ASSETS LESS CURRENT LIABILITIES (575,049 ) (535,004 )
NET LIABILITIES (575,049 ) (535,004 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (575,050 ) (535,005 )
SHAREHOLDERS' FUNDS (575,049) (535,004)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Gurianov
Director
17/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lion & Fox Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09752474 . The registered office is Unit 6 Northdowns Business Park, Limepit Lane, Sevenoaks, Kent, TN13 2TL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting polices adopted are set below
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 15% SLM
Fixtures & Fittings 15% SLM
Computer Equipment 25% SLM
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.9. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 31,244 4,074 2,243 37,561
Additions 12,200 - - 12,200
As at 31 August 2024 43,444 4,074 2,243 49,761
Depreciation
As at 1 September 2023 22,361 2,844 2,243 27,448
Provided during the period 6,517 611 - 7,128
As at 31 August 2024 28,878 3,455 2,243 34,576
Net Book Value
As at 31 August 2024 14,566 619 - 15,185
As at 1 September 2023 8,883 1,230 - 10,113
5. Stocks
2024 2023
£ £
Work in progress - 8,359
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 1,516
Other debtors 60,060 60,944
VAT 2,669 718
62,729 63,178
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36 392
Other taxes and social security - 3,343
Other creditors 2,162 7,102
Accruals and deferred income 1,700 1,700
Director's loan account 651,958 606,958
655,856 619,495
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
The nominal value per share is £1 and as at the year-end there is 1 Ordinary share in issue.
9. Related Party Transactions
The Director's loan account balance of Mr N Gurianov, the sole director and shareholder of the company, of £651,958  is a current liability, interest free and repayable on demand.
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