Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 2 October 2022 false 1 November 2023 31 October 2024 31 October 2024 14390884 Mr Saiyed Fareed Kadiri iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14390884 2023-10-31 14390884 2024-10-31 14390884 2023-11-01 2024-10-31 14390884 frs-core:CurrentFinancialInstruments 2024-10-31 14390884 frs-core:ComputerEquipment 2024-10-31 14390884 frs-core:ComputerEquipment 2023-11-01 2024-10-31 14390884 frs-core:ComputerEquipment 2023-10-31 14390884 frs-core:FurnitureFittings 2024-10-31 14390884 frs-core:FurnitureFittings 2023-11-01 2024-10-31 14390884 frs-core:FurnitureFittings 2023-10-31 14390884 frs-core:NetGoodwill 2024-10-31 14390884 frs-core:NetGoodwill 2023-11-01 2024-10-31 14390884 frs-core:NetGoodwill 2023-10-31 14390884 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 14390884 frs-core:PlantMachinery 2024-10-31 14390884 frs-core:PlantMachinery 2023-11-01 2024-10-31 14390884 frs-core:PlantMachinery 2023-10-31 14390884 frs-core:ShareCapital 2024-10-31 14390884 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 14390884 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14390884 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 14390884 frs-bus:SmallEntities 2023-11-01 2024-10-31 14390884 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14390884 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 14390884 frs-core:CostValuation 2023-10-31 14390884 frs-core:CostValuation 2024-10-31 14390884 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 14390884 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 14390884 frs-bus:Director1 2023-11-01 2024-10-31 14390884 frs-core:CurrentFinancialInstruments 1 2024-10-31 14390884 frs-countries:EnglandWales 2023-11-01 2024-10-31 14390884 2022-10-01 14390884 2023-10-31 14390884 2022-10-02 2023-10-31 14390884 frs-core:CurrentFinancialInstruments 2023-10-31 14390884 frs-core:ShareCapital 2023-10-31 14390884 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 14390884 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 14390884
Lokies Group Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Kensington Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14390884
31 October 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,500 44,500
Tangible Assets 5 115,812 14,887
Investments 6 100 100
160,412 59,487
CURRENT ASSETS
Stocks 7 - 3,680
Debtors 8 82,466 51,976
Cash at bank and in hand 96,161 173,108
178,627 228,764
Creditors: Amounts Falling Due Within One Year 9 (202,143 ) (138,958 )
NET CURRENT ASSETS (LIABILITIES) (23,516 ) 89,806
TOTAL ASSETS LESS CURRENT LIABILITIES 136,896 149,293
NET ASSETS 136,896 149,293
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 136,796 149,193
SHAREHOLDERS' FUNDS 136,896 149,293
Page 1
Page 2
For the year ending 31 October 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 Saiyed Fareed Kadiri
Director
14/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lokies Group Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14390884 . The registered office is Suite 3, 567 Fulham Road, London, SW6 1ES.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Leasehold 25% Reducing Balance
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 6)
4 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 44,500
As at 31 October 2024 44,500
Net Book Value
As at 31 October 2024 44,500
As at 1 November 2023 44,500
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 - 14,324 1,315 15,639
Additions 70,198 41,582 - 111,780
As at 31 October 2024 70,198 55,906 1,315 127,419
Depreciation
As at 1 November 2023 - 511 241 752
Provided during the period 5,730 4,856 269 10,855
As at 31 October 2024 5,730 5,367 510 11,607
Net Book Value
As at 31 October 2024 64,468 50,539 805 115,812
As at 1 November 2023 - 13,813 1,074 14,887
Page 4
Page 5
6. Investments
Subsidiaries
£
Cost
As at 1 November 2023 100
As at 31 October 2024 100
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 100
As at 1 November 2023 100
7. Stocks
31 October 2024 31 October 2023
£ £
Materials - 3,680
8. Debtors
31 October 2024 31 October 2023
£ £
Due within one year
Trade debtors (74 ) (23 )
Prepayments and accrued income 4,600 2,333
Other debtors - Rent deposit 4,666 4,666
Other debtors - Loan 48,000 45,000
VAT 25,274 -
82,466 51,976
9. Creditors: Amounts Falling Due Within One Year
31 October 2024 31 October 2023
£ £
Trade creditors - 11,458
Corporation tax - 37,467
Other taxes and social security 998 213
VAT - 16,572
Other creditors 12,205 100
Accruals and deferred income 1,090 298
Director's loan account 187,850 72,850
202,143 138,958
Page 5
Page 6
10. Share Capital
31 October 2024 31 October 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6