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 07897672 Mr J P Myers Mr D M Myers true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07897672 2023-09-30 07897672 2024-09-30 07897672 2023-10-01 2024-09-30 07897672 frs-core:CurrentFinancialInstruments 2024-09-30 07897672 frs-core:ComputerEquipment 2024-09-30 07897672 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07897672 frs-core:ComputerEquipment 2023-09-30 07897672 frs-core:FurnitureFittings 2024-09-30 07897672 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07897672 frs-core:FurnitureFittings 2023-09-30 07897672 frs-core:ShareCapital 2024-09-30 07897672 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07897672 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07897672 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07897672 frs-bus:SmallEntities 2023-10-01 2024-09-30 07897672 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07897672 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07897672 1 2023-10-01 2024-09-30 07897672 frs-bus:Director1 2023-10-01 2024-09-30 07897672 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 07897672 frs-countries:EnglandWales 2023-10-01 2024-09-30 07897672 2022-09-30 07897672 2023-09-30 07897672 2022-10-01 2023-09-30 07897672 frs-core:CurrentFinancialInstruments 2023-09-30 07897672 frs-core:ShareCapital 2023-09-30 07897672 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07897672
LUCKY CAT AUDIO CO LTD
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07897672
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 306 447
306 447
CURRENT ASSETS
Stocks 5 9,064 13,882
Debtors 6 89,947 57,643
Cash at bank and in hand 17,206 43,235
116,217 114,760
Creditors: Amounts Falling Due Within One Year 7 (54,126 ) (45,630 )
NET CURRENT ASSETS (LIABILITIES) 62,091 69,130
TOTAL ASSETS LESS CURRENT LIABILITIES 62,397 69,577
NET ASSETS 62,397 69,577
CAPITAL AND RESERVES
Called up share capital 8 110 110
Income Statement 62,287 69,467
SHAREHOLDERS' FUNDS 62,397 69,577
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 Income Statement.
On behalf of the board
Mr J P Myers
Director
18/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LUCKY CAT AUDIO CO LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07897672 . The registered office is One, Courtenay Park, Newton Abbot, Devon, TQ12 2HD.
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.
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:
Fixtures & Fittings 20% straight line
Computer Equipment 25% straight line
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Page 3
Page 4
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.
2.5. Financial Instruments
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
2.7. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 11,600 78,384 89,984
As at 30 September 2024 11,600 78,384 89,984
Depreciation
As at 1 October 2023 11,172 78,365 89,537
Provided during the period 141 - 141
As at 30 September 2024 11,313 78,365 89,678
Net Book Value
As at 30 September 2024 287 19 306
As at 1 October 2023 428 19 447
5. Stocks
2024 2023
£ £
Work in progress 9,064 13,882
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 15,439 15,142
Other debtors 1,020 -
Amounts owed by associates 73,488 42,501
89,947 57,643
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,076 12,437
Corporation tax 2,432 7,338
Other taxes and social security 5,965 3,416
VAT 24,153 20,839
Accruals and deferred income 1,500 1,600
54,126 45,630
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
9. Related Party Transactions
LuckyCat Post Production Co Limited - Controlled by Mr J. P. Myers
The company made sales to LuckyCat Post Production Co Limited totalling £408,583 (2023: £392,963). LuckyCat Post Production Co Limited supplied Management charges totalling £100,077 (2023: £107,501) to the company. The balance owed by LuckyCat Post Production Co Limited at the year end was £73,488 (2023: £42,501)
10. Ultimate Controlling Party
The Company is under effective control of the director.
Page 6