Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06574342 Mr Nigel Borwell Mr Paul Walsh Mrs Samantha Walsh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06574342 2023-12-31 06574342 2024-12-31 06574342 2024-01-01 2024-12-31 06574342 frs-core:CurrentFinancialInstruments 2024-12-31 06574342 frs-core:Non-currentFinancialInstruments 2024-12-31 06574342 frs-core:BetweenOneFiveYears 2024-12-31 06574342 frs-core:ComputerEquipment 2024-12-31 06574342 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06574342 frs-core:ComputerEquipment 2023-12-31 06574342 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06574342 frs-core:FurnitureFittings 2024-12-31 06574342 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06574342 frs-core:FurnitureFittings 2023-12-31 06574342 frs-core:MotorVehicles 2024-12-31 06574342 frs-core:MotorVehicles 2024-01-01 2024-12-31 06574342 frs-core:MotorVehicles 2023-12-31 06574342 frs-core:OtherResidualIntangibleAssets 2024-12-31 06574342 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 06574342 frs-core:OtherResidualIntangibleAssets 2023-12-31 06574342 frs-core:WithinOneYear 2024-12-31 06574342 frs-core:ShareCapital 2024-12-31 06574342 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06574342 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06574342 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06574342 frs-bus:SmallEntities 2024-01-01 2024-12-31 06574342 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06574342 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06574342 frs-bus:Director1 2024-01-01 2024-12-31 06574342 frs-bus:Director2 2024-01-01 2024-12-31 06574342 frs-bus:Director3 2024-01-01 2024-12-31 06574342 frs-countries:EnglandWales 2024-01-01 2024-12-31 06574342 2022-12-31 06574342 2023-12-31 06574342 2023-01-01 2023-12-31 06574342 frs-core:CurrentFinancialInstruments 2023-12-31 06574342 frs-core:Non-currentFinancialInstruments 2023-12-31 06574342 frs-core:BetweenOneFiveYears 2023-12-31 06574342 frs-core:WithinOneYear 2023-12-31 06574342 frs-core:ShareCapital 2023-12-31 06574342 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06574342
Lead Technologies (Europe) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06574342
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 49,547 64,681
Tangible Assets 5 92,289 117,671
141,836 182,352
CURRENT ASSETS
Debtors 6 564,404 645,929
Cash at bank and in hand 51,512 241,840
615,916 887,769
Creditors: Amounts Falling Due Within One Year 7 (758,064 ) (787,299 )
NET CURRENT ASSETS (LIABILITIES) (142,148 ) 100,470
TOTAL ASSETS LESS CURRENT LIABILITIES (312 ) 282,822
Creditors: Amounts Falling Due After More Than One Year 8 (85,726 ) (233,595 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,798 ) (35,358 )
NET (LIABILITIES)/ASSETS (100,836 ) 13,869
CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Income Statement (105,836 ) 8,869
SHAREHOLDERS' FUNDS (100,836) 13,869
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For the year ending 31 December 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 Statement.
On behalf of the board
Mr Paul Walsh
Director
25 April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Lead Technologies (Europe) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06574342 . The registered office is Unit 14 Pool Business Park Pool Road, Pool In Wharfedale, Leeds, West Yorkshire, LS21 1FD.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. The board is committed to the success of the company in the following twelve months, and where necessary will endeavour to support the company with all means at their disposal to ensure its continuity.  Therefore the directors still believe it is appropriate to prepare the accounts on a going concern basis.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the design and development of income generating websites, and are measured at cost less accumulated amortisation. Amortisation is charged to the income statement over the assets' estimated economic life of 5 years.
2.5. 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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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2.7. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 43 (2023: 51)
43 51
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 75,668
As at 31 December 2024 75,668
Amortisation
As at 1 January 2024 10,987
Provided during the period 15,134
As at 31 December 2024 26,121
Net Book Value
As at 31 December 2024 49,547
As at 1 January 2024 64,681
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 134,535 112,564 44,392 291,491
Additions 6,353 - 3,014 9,367
As at 31 December 2024 140,888 112,564 47,406 300,858
...CONTINUED
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Page 5
Depreciation
As at 1 January 2024 60,435 95,399 17,986 173,820
Provided during the period 23,216 4,291 7,242 34,749
As at 31 December 2024 83,651 99,690 25,228 208,569
Net Book Value
As at 31 December 2024 57,237 12,874 22,178 92,289
As at 1 January 2024 74,100 17,165 26,406 117,671
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 226,444 385,868
Other debtors 63,016 227,193
289,460 613,061
Due after more than one year
Other debtors 274,944 32,868
564,404 645,929
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,638 15,638
Trade creditors 341,415 261,309
Bank loans and overdrafts 170,427 65,322
Other creditors 76,246 196,527
Taxation and social security 154,338 248,503
758,064 787,299
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 66,985 82,623
Bank loans 18,741 72,207
Other creditors - 39,532
Taxation and social security - 39,233
85,726 233,595
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,638 15,638
Later than one year and not later than five years 66,985 82,623
82,623 98,261
82,623 98,261
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 131,474 131,475
Later than one year and not later than five years 54,781 186,256
186,255 317,731
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Director 1
At start of period - £0
Amounts advanced - £172,345
Amounts repaid - (£73,664)
At end of period - £98,681
Director 2
At start of period - £0
Amounts advanced - £80,945
Amounts repaid - (£9,803)
At end of period - £71,142
Director 3
At start of period - £0
Amounts advanced - £115,236
Amounts repaid - (£10,115)
At end of period - £105,121
The above loan is unsecured, interest free and repayable on demand.
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