Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 13 February 2023 false 29 February 2024 28 February 2025 28 February 2025 14660006 Mr Henrik Biering Mr Sigurour Bjornsson Mr Elvar GuÐMundsson Mr Nökkvi Orrason iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14660006 2024-02-28 14660006 2025-02-28 14660006 2024-02-29 2025-02-28 14660006 frs-core:CurrentFinancialInstruments 2025-02-28 14660006 frs-core:Non-currentFinancialInstruments 2025-02-28 14660006 frs-core:SharePremium 2025-02-28 14660006 frs-core:ShareCapital 2025-02-28 14660006 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 14660006 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 14660006 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 14660006 frs-bus:SmallEntities 2024-02-29 2025-02-28 14660006 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 14660006 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 14660006 frs-bus:OrdinaryShareClass1 2024-02-29 2025-02-28 14660006 frs-bus:OrdinaryShareClass1 2025-02-28 14660006 frs-bus:Director1 2024-02-29 2025-02-28 14660006 frs-bus:Director2 2024-02-29 2025-02-28 14660006 frs-bus:Director3 2024-02-29 2025-02-28 14660006 frs-bus:Director4 2024-02-29 2025-02-28 14660006 frs-core:CurrentFinancialInstruments 1 2025-02-28 14660006 frs-countries:EnglandWales 2024-02-29 2025-02-28 14660006 2023-02-12 14660006 2024-02-28 14660006 2023-02-13 2024-02-28 14660006 frs-core:CurrentFinancialInstruments 2024-02-28 14660006 frs-core:Non-currentFinancialInstruments 2024-02-28 14660006 frs-core:SharePremium 2024-02-28 14660006 frs-core:ShareCapital 2024-02-28 14660006 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 14660006 frs-bus:OrdinaryShareClass1 2023-02-13 2024-02-28 14660006 frs-core:CurrentFinancialInstruments 1 2024-02-28
Registered number: 14660006
Lydia App UK Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
RJF Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14660006
28 February 2025 28 February 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 7,580 3,024
Cash at bank and in hand 599 6,126
8,179 9,150
Creditors: Amounts Falling Due Within One Year 5 (12,376 ) (23,850 )
NET CURRENT ASSETS (LIABILITIES) (4,197 ) (14,700 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,197 ) (14,700 )
Creditors: Amounts Falling Due After More Than One Year 6 (67,983 ) (67,983 )
NET LIABILITIES (72,180 ) (82,683 )
CAPITAL AND RESERVES
Called up share capital 7 143 129
Share premium account 131,963 14
Profit and Loss Account (204,286 ) (82,826 )
SHAREHOLDERS' FUNDS (72,180) (82,683)
For the year ending 28 February 2025 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 Nökkvi Orrason
Director
28/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lydia App UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14660006 . The registered office is Flat 6 310 Finchley Road, London, United Kingdom, NW3 7AG.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Debtors
28 February 2025 28 February 2024
£ £
Due within one year
Trade debtors 776 1,295
Other debtors 4,583 -
Intercompany - Swipe Media 1,467 -
VAT 754 1,729
7,580 3,024
5. Creditors: Amounts Falling Due Within One Year
28 February 2025 28 February 2024
£ £
Directors' loan accounts 12,376 23,850
6. Creditors: Amounts Falling Due After More Than One Year
28 February 2025 28 February 2024
£ £
Other creditors 67,983 67,983
Page 2
Page 3
7. Share Capital
28 February 2025 28 February 2024
Allotted, called up and fully paid £ £
142,985 Ordinary Shares of £ 0.001 each 143 129
Shares issued during the period: £
14,360 Ordinary Shares of £ 0.001 each 14
Page 3