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 10798907 Mr Nicholas Houlton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10798907 2023-09-30 10798907 2024-09-30 10798907 2023-10-01 2024-09-30 10798907 frs-core:CurrentFinancialInstruments 2024-09-30 10798907 frs-core:Non-currentFinancialInstruments 2024-09-30 10798907 frs-core:ComputerEquipment 2024-09-30 10798907 frs-core:ComputerEquipment 2023-10-01 2024-09-30 10798907 frs-core:ComputerEquipment 2023-09-30 10798907 frs-core:PlantMachinery 2024-09-30 10798907 frs-core:PlantMachinery 2023-10-01 2024-09-30 10798907 frs-core:PlantMachinery 2023-09-30 10798907 frs-core:ShareCapital 2024-09-30 10798907 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10798907 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10798907 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10798907 frs-bus:SmallEntities 2023-10-01 2024-09-30 10798907 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10798907 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10798907 frs-bus:Director1 2023-10-01 2024-09-30 10798907 frs-countries:EnglandWales 2023-10-01 2024-09-30 10798907 2022-09-30 10798907 2023-09-30 10798907 2022-10-01 2023-09-30 10798907 frs-core:CurrentFinancialInstruments 2023-09-30 10798907 frs-core:Non-currentFinancialInstruments 2023-09-30 10798907 frs-core:ShareCapital 2023-09-30 10798907 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 10798907
Love Life And Ride Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10798907
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,063 7,343
15,063 7,343
CURRENT ASSETS
Stocks 5 36,886 17,290
Debtors 6 8,534 1,050
Cash at bank and in hand 9,156 2,339
54,576 20,679
Creditors: Amounts Falling Due Within One Year 7 (230,787 ) (167,265 )
NET CURRENT ASSETS (LIABILITIES) (176,211 ) (146,586 )
TOTAL ASSETS LESS CURRENT LIABILITIES (161,148 ) (139,243 )
Creditors: Amounts Falling Due After More Than One Year 8 (4,085 ) (10,667 )
NET LIABILITIES (165,233 ) (149,910 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (165,234 ) (149,911 )
SHAREHOLDERS' FUNDS (165,233) (149,910)
Page 1
Page 2
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 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 Nicholas Houlton
Director
21/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Love Life And Ride Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10798907 . The registered office is 16 Minden Close, Wokingham, Berkshire, RG41 3UG.
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 33% on reducing balance
Computer Equipment 33% on cost
2.4. 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 year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 27,851 5,009 32,860
Additions 2,125 12,227 14,352
As at 30 September 2024 29,976 17,236 47,212
Depreciation
As at 1 October 2023 20,508 5,009 25,517
Provided during the period 3,156 3,476 6,632
As at 30 September 2024 23,664 8,485 32,149
...CONTINUED
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Page 4
Net Book Value
As at 30 September 2024 6,312 8,751 15,063
As at 1 October 2023 7,343 - 7,343
5. Stocks
2024 2023
£ £
Stock 36,886 17,290
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,346 147
Other debtors 2,070 903
3,416 1,050
Due after more than one year
Amounts owed by group undertakings 5,118 -
8,534 1,050
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,904 3,504
Bank loans and overdrafts 6,400 6,400
Other creditors 212,483 156,305
Taxation and social security - 1,056
230,787 167,265
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,085 10,667
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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