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Registered number: 15134076
LXR2 CONSULT LTD
Unaudited Financial Statements
For the Period 12 September 2023 to 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15134076
30 September 2024
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 40,644
40,644
Creditors: Amounts Falling Due Within One Year 4 (32,835 )
NET CURRENT ASSETS (LIABILITIES) 7,809
TOTAL ASSETS LESS CURRENT LIABILITIES 7,809
NET ASSETS 7,809
CAPITAL AND RESERVES
Called up share capital 5 100
Profit and Loss Account 7,709
SHAREHOLDERS' FUNDS 7,809
For the period 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 Robert Koschig
Director
8 May 2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
LXR2 CONSULT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 15134076 . The registered office is 145/147 Hatfield Road, St. Albans, Hertfordshire, United Kingdom, AL1 4JY.
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
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4. Creditors: Amounts Falling Due Within One Year
30 September 2024
£
Corporation tax 1,879
Accruals and deferred income 6,000
Director's loan account 24,956
32,835
5. Share Capital
30 September 2024
Allotted, called up and fully paid £
100 Ordinary Shares of £ 1.00 each 100
Shares issued during the period: £
100 Ordinary Shares of £ 1.00 each 100
6. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 12 September 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Robert Koschig - 100 (25,056 ) - (24,956 )
The above loan is unsecured, interest free and repayable on demand.
7. Related Party Transactions
During the year, the company paid an amount of £145,835 to the director for services making up Cost of Sales. No amounts remain outstanding at the year end.
8. Controlling Party
The company's controlling parties are Robert Klemens Alois Koschig and Lydia Doris Kaiser by virtue of their ownership of 100% of the issued share capital in the company.
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