Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2023 1 April 2022 false 1 April 2023 30 November 2023 30 November 2023 11886963 Mr Ashley Barrett Mr Frank Nicklinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11886963 2023-03-31 11886963 2023-11-30 11886963 2023-04-01 2023-11-30 11886963 frs-core:CurrentFinancialInstruments 2023-11-30 11886963 frs-core:Non-currentFinancialInstruments 2023-11-30 11886963 frs-core:BetweenOneFiveYears 2023-11-30 11886963 frs-core:ComputerEquipment 2023-11-30 11886963 frs-core:ComputerEquipment 2023-04-01 2023-11-30 11886963 frs-core:ComputerEquipment 2023-03-31 11886963 frs-core:MotorVehicles 2023-11-30 11886963 frs-core:MotorVehicles 2023-04-01 2023-11-30 11886963 frs-core:MotorVehicles 2023-03-31 11886963 frs-core:PlantMachinery 2023-11-30 11886963 frs-core:PlantMachinery 2023-04-01 2023-11-30 11886963 frs-core:PlantMachinery 2023-03-31 11886963 frs-core:WithinOneYear 2023-11-30 11886963 frs-core:ShareCapital 2023-11-30 11886963 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11886963 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2023-11-30 11886963 frs-bus:FilletedAccounts 2023-04-01 2023-11-30 11886963 frs-bus:SmallEntities 2023-04-01 2023-11-30 11886963 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2023-11-30 11886963 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2023-11-30 11886963 frs-bus:Director1 2023-04-01 2023-11-30 11886963 frs-bus:Director1 2023-03-31 11886963 frs-bus:Director1 2023-11-30 11886963 frs-bus:Director2 2023-04-01 2023-11-30 11886963 frs-countries:EnglandWales 2023-04-01 2023-11-30 11886963 2022-03-31 11886963 2023-03-31 11886963 2022-04-01 2023-03-31 11886963 frs-core:CurrentFinancialInstruments 2023-03-31 11886963 frs-core:Non-currentFinancialInstruments 2023-03-31 11886963 frs-core:BetweenOneFiveYears 2023-03-31 11886963 frs-core:WithinOneYear 2023-03-31 11886963 frs-core:ShareCapital 2023-03-31 11886963 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11886963
Luna Waste Services Ltd
Unaudited Financial Statements
For the Period 1 April 2023 to 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11886963
30 November 2023 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,675,547 1,485,395
1,675,547 1,485,395
CURRENT ASSETS
Stocks 5 16,182 947,000
Debtors 6 39,296 451,924
Cash at bank and in hand 109,244 70,097
164,722 1,469,021
Creditors: Amounts Falling Due Within One Year 7 (2,456,716 ) (1,558,209 )
NET CURRENT ASSETS (LIABILITIES) (2,291,994 ) (89,188 )
TOTAL ASSETS LESS CURRENT LIABILITIES (616,447 ) 1,396,207
Creditors: Amounts Falling Due After More Than One Year 8 (1,242,479 ) (1,076,947 )
NET (LIABILITIES)/ASSETS (1,858,926 ) 319,260
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (1,859,026 ) 319,160
SHAREHOLDERS' FUNDS (1,858,926) 319,260
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Page 2
For the period ending 30 November 2023 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 Ashley Barrett
Director
Mr Frank Nicklinson
Director
31 May 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Luna Waste Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11886963 . The registered office is The Mill Pury Hill Business Park, Alderton Road, Towcester, NN12 7LS.
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 4 years straight line
Motor Vehicles 4 years straight line
Computer Equipment 4 years straight line
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 19 (2023: )
19 -
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 1,357,713 344,975 5,881 1,708,569
Additions 2,694 438,333 203 441,230
As at 30 November 2023 1,360,407 783,308 6,084 2,149,799
Depreciation
As at 1 April 2023 155,619 64,067 3,488 223,174
Provided during the period 158,714 91,386 978 251,078
As at 30 November 2023 314,333 155,453 4,466 474,252
Net Book Value
As at 30 November 2023 1,046,074 627,855 1,618 1,675,547
As at 1 April 2023 1,202,094 280,908 2,393 1,485,395
5. Stocks
30 November 2023 31 March 2023
£ £
Work in progress 16,182 947,000
6. Debtors
30 November 2023 31 March 2023
£ £
Due within one year
Trade debtors 389,025 129,643
Amounts owed by group undertakings (1,225,838) (972,970)
Other debtors 876,109 1,295,251
39,296 451,924
7. Creditors: Amounts Falling Due Within One Year
30 November 2023 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 255,790 306,724
Trade creditors 556,653 403,153
Bank loans and overdrafts 10,000 10,000
Other creditors 1,590,476 836,886
Taxation and social security 43,797 1,446
2,456,716 1,558,209
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,225,842 1,053,614
Bank loans 16,637 23,333
1,242,479 1,076,947
9. Obligations Under Finance Leases and Hire Purchase
30 November 2023 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 255,790 306,724
Later than one year and not later than five years 1,225,842 1,053,614
1,481,632 1,360,338
1,481,632 1,360,338
10. Share Capital
30 November 2023 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Ashley Barrett - 14,087 - - 14,087
The above loan is unsecured, interest free and repayable on demand.
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