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 09213031 Mr Nicholas Kelliher-Boutros Mr Ashley Roberts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09213031 2023-09-30 09213031 2024-09-30 09213031 2023-10-01 2024-09-30 09213031 frs-core:Non-currentFinancialInstruments 2024-09-30 09213031 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09213031 frs-core:NetGoodwill 2023-10-01 2024-09-30 09213031 frs-core:ShareCapital 2024-09-30 09213031 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09213031 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09213031 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 09213031 frs-bus:SmallEntities 2023-10-01 2024-09-30 09213031 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09213031 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09213031 frs-bus:Director1 2023-10-01 2024-09-30 09213031 frs-bus:Director2 2023-10-01 2024-09-30 09213031 frs-bus:Director2 2023-09-30 09213031 frs-bus:Director2 2024-09-30 09213031 frs-countries:EnglandWales 2023-10-01 2024-09-30 09213031 2022-09-30 09213031 2023-09-30 09213031 2022-10-01 2023-09-30 09213031 frs-core:Non-currentFinancialInstruments 2023-09-30 09213031 frs-core:ShareCapital 2023-09-30 09213031 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09213031
Longshore Investment Management Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
Northern Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 09213031
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 5,000
Tangible Assets 5 - 179
- 5,179
CURRENT ASSETS
Stocks - 8,700
Debtors 6 705 -
Cash at bank and in hand 9 6,400
714 15,100
Creditors: Amounts Falling Due Within One Year (90,462 ) (108,445 )
NET CURRENT ASSETS (LIABILITIES) (89,748 ) (93,345 )
TOTAL ASSETS LESS CURRENT LIABILITIES (89,748 ) (88,166 )
Creditors: Amounts Falling Due After More Than One Year (2,761 ) (3,525 )
NET LIABILITIES (92,509 ) (91,691 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (92,609 ) (91,791 )
SHAREHOLDERS' FUNDS (92,509) (91,691)
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ashley Roberts
Director
21/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Longshore Investment Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09213031 . The registered office is Olympus House, 2 Howley Park Business Village, Leeds, LS27 0BZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The directors have agreed to defer amounts owed to them in favour of other creditors. The financial statements have therefore been prepared on a going concern basis.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 10 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:
Computer Equipment 33% on 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 year 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Total
£
Cost
As at 1 October 2023 50,000
As at 30 September 2024 50,000
Amortisation
As at 1 October 2023 45,000
Provided during the period 5,000
As at 30 September 2024 50,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 5,000
5. Tangible Assets
Total
£
Cost
As at 1 October 2023 1,140
Disposals (1,140 )
As at 30 September 2024 -
Depreciation
As at 1 October 2023 961
Provided during the period 59
Disposals (1,020 )
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 179
6. Debtors
2024 2023
£ £
Due after more than one year
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Nicholas Kelliher-Boutros (2,701 ) 14,717 11,898 - 118
The above loan is unsecured, interest free and repayable on demand.
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