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 03296993 Mrs Helen Lowe Mr David Lowe Mrs Helen Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03296993 2023-09-30 03296993 2024-09-30 03296993 2023-10-01 2024-09-30 03296993 frs-core:CurrentFinancialInstruments 2024-09-30 03296993 frs-core:MotorVehicles 2024-09-30 03296993 frs-core:MotorVehicles 2023-10-01 2024-09-30 03296993 frs-core:MotorVehicles 2023-09-30 03296993 frs-core:PlantMachinery 2024-09-30 03296993 frs-core:PlantMachinery 2023-10-01 2024-09-30 03296993 frs-core:PlantMachinery 2023-09-30 03296993 frs-core:ShareCapital 2024-09-30 03296993 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03296993 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03296993 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03296993 frs-bus:SmallEntities 2023-10-01 2024-09-30 03296993 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03296993 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03296993 frs-core:CostValuation 2023-09-30 03296993 frs-core:CostValuation 2024-09-30 03296993 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 03296993 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 03296993 frs-bus:Director1 2023-10-01 2024-09-30 03296993 frs-bus:Director2 2023-10-01 2024-09-30 03296993 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 03296993 frs-countries:EnglandWales 2023-10-01 2024-09-30 03296993 2022-09-30 03296993 2023-09-30 03296993 2022-10-01 2023-09-30 03296993 frs-core:CurrentFinancialInstruments 2023-09-30 03296993 frs-core:ShareCapital 2023-09-30 03296993 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03296993
David Lowe Music Limited
Financial Statements
For The Year Ended 30 September 2024
Lsd Accountants Ltd
Chartered Accountants
23 Stockwood Business Park
Redditch
Worcestershire
B96 6SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03296993
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 12,222
Investments 5 200 200
200 12,422
CURRENT ASSETS
Debtors 6 544,962 576,903
Cash at bank and in hand 4,756,116 4,549,849
5,301,078 5,126,752
Creditors: Amounts Falling Due Within One Year 7 (495,487 ) (501,904 )
NET CURRENT ASSETS (LIABILITIES) 4,805,591 4,624,848
TOTAL ASSETS LESS CURRENT LIABILITIES 4,805,791 4,637,270
NET ASSETS 4,805,791 4,637,270
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 4,804,791 4,636,270
SHAREHOLDERS' FUNDS 4,805,791 4,637,270
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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.
On behalf of the board
Mr David Lowe
Director
08/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
David Lowe Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03296993 . The registered office is 23 Stockwood Business Park, Redditch, Worcestershire, England, B96 6SX.
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 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. 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 25% straight line method
Motor Vehicles 25% straight line method
2.4. 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.
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.
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 asset reflects 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.6. Fixed asset investment
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.



2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 2,375 48,890 51,265
As at 30 September 2024 2,375 48,890 51,265
Depreciation
As at 1 October 2023 2,375 36,668 39,043
Provided during the period - 12,222 12,222
As at 30 September 2024 2,375 48,890 51,265
Net Book Value
As at 30 September 2024 - - -
As at 1 October 2023 - 12,222 12,222
5. Investments
Other
£
Cost
As at 1 October 2023 200
As at 30 September 2024 200
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 200
As at 1 October 2023 200
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 544,962 576,831
Other taxes and social security - 72
544,962 576,903
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 237,725 245,724
Corporation tax 211,126 203,278
VAT 28,636 6,902
Other creditors 18,000 46,000
495,487 501,904
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
Included in debtors is a balance of £39,865 owed by the directors.  This balance was paid off in full within 9 months of the year end. The loan is repayable on demand and interest is charged at HMRC published rates
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