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 10895014 Mrs K J Meager Mr L T Meager iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10895014 2023-08-31 10895014 2024-08-31 10895014 2023-09-01 2024-08-31 10895014 frs-core:CurrentFinancialInstruments 2024-08-31 10895014 frs-core:Non-currentFinancialInstruments 2024-08-31 10895014 frs-core:BetweenOneFiveYears 2024-08-31 10895014 frs-core:MoreThanFiveYears 2024-08-31 10895014 frs-core:MotorVehicles 2024-08-31 10895014 frs-core:MotorVehicles 2023-09-01 2024-08-31 10895014 frs-core:MotorVehicles 2023-08-31 10895014 frs-core:PlantMachinery 2024-08-31 10895014 frs-core:PlantMachinery 2023-09-01 2024-08-31 10895014 frs-core:PlantMachinery 2023-08-31 10895014 frs-core:WithinOneYear 2024-08-31 10895014 frs-core:ShareCapital 2024-08-31 10895014 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10895014 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10895014 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10895014 frs-bus:SmallEntities 2023-09-01 2024-08-31 10895014 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10895014 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10895014 frs-bus:Director1 2023-09-01 2024-08-31 10895014 frs-bus:Director2 2023-09-01 2024-08-31 10895014 frs-countries:EnglandWales 2023-09-01 2024-08-31 10895014 2022-08-31 10895014 2023-08-31 10895014 2022-09-01 2023-08-31 10895014 frs-core:CurrentFinancialInstruments 2023-08-31 10895014 frs-core:Non-currentFinancialInstruments 2023-08-31 10895014 frs-core:BetweenOneFiveYears 2023-08-31 10895014 frs-core:MoreThanFiveYears 2023-08-31 10895014 frs-core:WithinOneYear 2023-08-31 10895014 frs-core:ShareCapital 2023-08-31 10895014 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10895014
LKM Surfacing (North West) Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10895014
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 118,338 45,553
118,338 45,553
CURRENT ASSETS
Debtors 5 112,974 112,978
Cash at bank and in hand 179,463 65,265
292,437 178,243
Creditors: Amounts Falling Due Within One Year 6 (130,771 ) (54,114 )
NET CURRENT ASSETS (LIABILITIES) 161,666 124,129
TOTAL ASSETS LESS CURRENT LIABILITIES 280,004 169,682
Creditors: Amounts Falling Due After More Than One Year 7 (54,452 ) (29,547 )
NET ASSETS 225,552 140,135
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 225,452 140,035
SHAREHOLDERS' FUNDS 225,552 140,135
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 Profit and Loss Account.
On behalf of the board
Mr L T Meager
Director
20 May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
LKM Surfacing (North West) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10895014 . The registered office is 160 Dowson Road, Hyde, SK14 5BW.
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. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. 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 profit and loss account 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 profit and loss account as incurred.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 24,700 45,451 70,151
Additions 22,100 80,039 102,139
As at 31 August 2024 46,800 125,490 172,290
Depreciation
As at 1 September 2023 6,175 18,423 24,598
Provided during the period 7,004 22,350 29,354
As at 31 August 2024 13,179 40,773 53,952
Net Book Value
As at 31 August 2024 33,621 84,717 118,338
As at 1 September 2023 18,525 27,028 45,553
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 104,954 101,457
Other debtors 8,020 11,521
112,974 112,978
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,278 4,799
Trade creditors 12,412 2,577
Bank loans and overdrafts 9,000 9,000
Other creditors 6,471 1,312
Taxation and social security 95,610 36,426
130,771 54,114
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,702 12,797
Bank loans 7,750 16,750
54,452 29,547
Page 3
Page 4
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,278 4,799
Later than one year and not later than five years 46,702 12,797
Later than five years - -
53,980 17,596
53,980 17,596
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4