Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09107520 Mr Paul Snelling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09107520 2023-09-30 09107520 2024-09-30 09107520 2023-10-01 2024-09-30 09107520 frs-core:CurrentFinancialInstruments 2024-09-30 09107520 frs-core:ComputerEquipment 2024-09-30 09107520 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09107520 frs-core:ComputerEquipment 2023-09-30 09107520 frs-core:ShareCapital 2024-09-30 09107520 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09107520 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09107520 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09107520 frs-bus:SmallEntities 2023-10-01 2024-09-30 09107520 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09107520 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09107520 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 09107520 frs-bus:OrdinaryShareClass2 2024-09-30 09107520 frs-bus:OrdinaryShareClass3 2023-10-01 2024-09-30 09107520 frs-bus:OrdinaryShareClass3 2024-09-30 09107520 frs-bus:Director1 2023-10-01 2024-09-30 09107520 frs-countries:EnglandWales 2023-10-01 2024-09-30 09107520 2022-09-30 09107520 2023-09-30 09107520 2022-10-01 2023-09-30 09107520 frs-core:CurrentFinancialInstruments 2023-09-30 09107520 frs-core:ShareCapital 2023-09-30 09107520 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09107520 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 09107520 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30
Registered number: 09107520
Lifetime Pathway Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09107520
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 660 719
660 719
CURRENT ASSETS
Debtors 5 9,288 9,093
Cash at bank and in hand 27,817 30,264
37,105 39,357
Creditors: Amounts Falling Due Within One Year 6 (7,933 ) (9,574 )
NET CURRENT ASSETS (LIABILITIES) 29,172 29,783
TOTAL ASSETS LESS CURRENT LIABILITIES 29,832 30,502
PROVISIONS FOR LIABILITIES
Deferred Taxation (125 ) (137 )
NET ASSETS 29,707 30,365
CAPITAL AND RESERVES
Called up share capital 7 220 220
Profit and Loss Account 29,487 30,145
SHAREHOLDERS' FUNDS 29,707 30,365
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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 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 Paul Snelling
Director
9 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lifetime Pathway Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09107520 . The registered office is 17 The Glebe, Hockering, Dereham, Norfolk, NR20 3TX.
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 represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Office Equipment 33% on cost
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 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Office Equipment
£
Cost
As at 1 October 2023 1,389
Additions 499
As at 30 September 2024 1,888
Depreciation
As at 1 October 2023 670
Provided during the period 558
As at 30 September 2024 1,228
Net Book Value
As at 30 September 2024 660
As at 1 October 2023 719
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 91 91
Other debtors 8,977 8,782
Called up share capital not paid 220 220
9,288 9,093
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 326 3,011
Other creditors 5,919 5,919
Accruals 386 26
Director's loan account 1,302 618
7,933 9,574
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7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.000 each 100 100
120 Ordinary B shares of £ 1.000 each 120 120
220 220
8. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £92 (2023: £92) were due to the fund. They are included in Other Creditors.
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