Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07134983 Mrs Angela Aspinwall-Livesey Mrs Cecilia Rigby Mrs Helen Clark Mr Ian Eaton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07134983 2023-08-31 07134983 2024-08-31 07134983 2023-09-01 2024-08-31 07134983 frs-core:CurrentFinancialInstruments 2024-08-31 07134983 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 07134983 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 07134983 frs-core:FurnitureFittings 2024-08-31 07134983 frs-core:FurnitureFittings 2023-09-01 2024-08-31 07134983 frs-core:FurnitureFittings 2023-08-31 07134983 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07134983 frs-bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 07134983 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07134983 frs-bus:SmallEntities 2023-09-01 2024-08-31 07134983 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07134983 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07134983 frs-bus:Director1 2023-09-01 2024-08-31 07134983 frs-bus:Director2 2023-09-01 2024-08-31 07134983 frs-bus:Director3 2023-09-01 2024-08-31 07134983 frs-bus:Director4 2023-09-01 2024-08-31 07134983 frs-countries:EnglandWales 2023-09-01 2024-08-31 07134983 2022-08-31 07134983 2023-08-31 07134983 2022-09-01 2023-08-31 07134983 frs-core:CurrentFinancialInstruments 2023-08-31 07134983 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07134983
SHARES LANCASHIRE
Unaudited Financial Statements
For The Year Ended 31 August 2024
West Lancs Chartered Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07134983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 4,593 5,857
4,594 5,858
CURRENT ASSETS
Debtors 6 168,535 121,110
Cash at bank and in hand 132,018 252,643
300,553 373,753
Creditors: Amounts Falling Due Within One Year 7 (58,634 ) (69,274 )
NET CURRENT ASSETS (LIABILITIES) 241,919 304,479
TOTAL ASSETS LESS CURRENT LIABILITIES 246,513 310,337
NET ASSETS 246,513 310,337
Income and Expenditure Account 246,513 310,337
MEMBERS' FUNDS 246,513 310,337
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 Income and Expenditure Account.
On behalf of the board
Mrs Angela Aspinwall-Livesey
Director
Mr Ian Eaton
Director
09/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
SHARES LANCASHIRE is a private company, limited by shares, incorporated in England & Wales, registered number 07134983 . The registered office is Hillside Primary School, Tanhouse, Skelmersdale, Lancashire, WN8 6DE.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Fixtures & Fittings 33% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 13)
11 13
4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2023 1,002
As at 31 August 2024 1,002
Amortisation
As at 1 September 2023 1,001
As at 31 August 2024 1,001
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 August 2024 1
As at 1 September 2023 1
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2023 36,675
Additions 1,601
As at 31 August 2024 38,276
Depreciation
As at 1 September 2023 30,818
Provided during the period 2,865
As at 31 August 2024 33,683
Net Book Value
As at 31 August 2024 4,593
As at 1 September 2023 5,857
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 164,035 115,560
Prepayments and accrued income 4,500 5,550
168,535 121,110
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,785 14,044
Accruals and deferred income 38,849 55,230
58,634 69,274
8. Share Capital
Page 3