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 SC408035 Mr Alan Hird Mr Christopher Hird Mrs Linda Hird Mr Paul Hird iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC408035 2023-09-30 SC408035 2024-09-30 SC408035 2023-10-01 2024-09-30 SC408035 frs-core:CurrentFinancialInstruments 2024-09-30 SC408035 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC408035 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC408035 frs-core:PlantMachinery 2024-09-30 SC408035 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC408035 frs-core:PlantMachinery 2023-09-30 SC408035 frs-core:ShareCapital 2024-09-30 SC408035 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC408035 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC408035 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC408035 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC408035 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC408035 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC408035 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 SC408035 frs-bus:OrdinaryShareClass2 2024-09-30 SC408035 frs-bus:OrdinaryShareClass3 2023-10-01 2024-09-30 SC408035 frs-bus:OrdinaryShareClass3 2024-09-30 SC408035 frs-core:DeferredTaxation 2023-09-30 SC408035 frs-core:DeferredTaxation 2024-09-30 SC408035 frs-bus:Director1 2023-10-01 2024-09-30 SC408035 frs-bus:Director2 2023-10-01 2024-09-30 SC408035 frs-bus:Director3 2023-10-01 2024-09-30 SC408035 frs-bus:Director4 2023-10-01 2024-09-30 SC408035 2 2023-10-01 2024-09-30 SC408035 frs-countries:Scotland 2023-10-01 2024-09-30 SC408035 2022-09-30 SC408035 2023-09-30 SC408035 2022-10-01 2023-09-30 SC408035 frs-core:CurrentFinancialInstruments 2023-09-30 SC408035 frs-core:ShareCapital 2023-09-30 SC408035 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC408035 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 SC408035 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30
Registered number: SC408035
Lah Supplies Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC408035
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,467 90,363
87,467 90,363
CURRENT ASSETS
Stocks 5 82,712 76,941
Debtors 6 223,729 161,785
Cash at bank and in hand 137,897 174,493
444,338 413,219
Creditors: Amounts Falling Due Within One Year 7 (145,095 ) (148,492 )
NET CURRENT ASSETS (LIABILITIES) 299,243 264,727
TOTAL ASSETS LESS CURRENT LIABILITIES 386,710 355,090
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,991 ) (10,860 )
NET ASSETS 376,719 344,230
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 376,619 344,130
SHAREHOLDERS' FUNDS 376,719 344,230
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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 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 Alan Hird
Director
12 May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lah Supplies Limited is a private company, limited by shares, incorporated in Scotland, registered number SC408035 . The registered office is Harlaw Heights, Harlaw, Inverurie, Aberdeenshire, AB51 5DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.
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.
Rental income
Rental income on assets leased under operating leases is recognised on a straight line basis over the lease term and is presented within turnover.
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 10% straight line
Plant & Machinery 10% - 33% straight line
Motor Vehicles 20% reducing balance
2.4. 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.

At each reproting date, an assesment is made for impairment. Any excess in carrying amount of stocks over its estimated selling price less costs to complate and sell is recognised as an impairment loss in profit and loss.
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2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets are assessed for indicators or impairment at each reporting end date.

Financial assets are impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax movements.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss because it excludes items of income or expnses that are taxable or deductibe in other years and it further excludes items that ware never taxable or deuctible. 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
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.
2.7. 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. Differences between contributions payable in the year and contributions actually paid are shown as either other debtors or other creditors.
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2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event which it is probable will result in the transfer of economic benefits and that obligation can be estimated reliably.
Provisions are measured as the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 October 2023 175,304
Additions 15,781
As at 30 September 2024 191,085
Depreciation
As at 1 October 2023 84,941
Provided during the period 18,677
As at 30 September 2024 103,618
Net Book Value
As at 30 September 2024 87,467
As at 1 October 2023 90,363
5. Stocks
2024 2023
£ £
Finished goods 82,712 76,941
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 220,360 157,619
Other debtors 3,369 4,166
223,729 161,785
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,631 25,296
Other creditors 17,199 74,065
Taxation and social security 68,265 49,131
145,095 148,492
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 10,860 10,860
Origination and reversal of timing differences (869 ) (869 )
Balance at 30 September 2024 9,991 9,991
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.000 each 50 50
50 Ordinary B shares of £ 1.000 each 50 50
100 100
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