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 09241202 Mr L Humphrey Ms K A Sullivan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09241202 2023-09-30 09241202 2024-09-30 09241202 2023-10-01 2024-09-30 09241202 frs-core:CurrentFinancialInstruments 2024-09-30 09241202 frs-core:Non-currentFinancialInstruments 2024-09-30 09241202 frs-core:ComputerEquipment 2024-09-30 09241202 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09241202 frs-core:ComputerEquipment 2023-09-30 09241202 frs-core:NetGoodwill 2024-09-30 09241202 frs-core:NetGoodwill 2023-10-01 2024-09-30 09241202 frs-core:NetGoodwill 2023-09-30 09241202 frs-core:MotorVehicles 2024-09-30 09241202 frs-core:MotorVehicles 2023-10-01 2024-09-30 09241202 frs-core:MotorVehicles 2023-09-30 09241202 frs-core:PlantMachinery 2024-09-30 09241202 frs-core:PlantMachinery 2023-10-01 2024-09-30 09241202 frs-core:PlantMachinery 2023-09-30 09241202 frs-core:ShareCapital 2024-09-30 09241202 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09241202 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09241202 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09241202 frs-bus:SmallEntities 2023-10-01 2024-09-30 09241202 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09241202 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09241202 frs-bus:Director1 2023-10-01 2024-09-30 09241202 frs-bus:Director2 2023-10-01 2024-09-30 09241202 frs-countries:EnglandWales 2023-10-01 2024-09-30 09241202 2022-09-30 09241202 2023-09-30 09241202 2022-10-01 2023-09-30 09241202 frs-core:CurrentFinancialInstruments 2023-09-30 09241202 frs-core:Non-currentFinancialInstruments 2023-09-30 09241202 frs-core:ShareCapital 2023-09-30 09241202 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09241202
LHD Ventilation Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Naylor Accountancy Services Limited
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09241202
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,533 1,886
1,533 1,886
CURRENT ASSETS
Debtors 6 147,775 146,219
Cash at bank and in hand 53,766 47,343
201,541 193,562
Creditors: Amounts Falling Due Within One Year 7 (118,881 ) (159,667 )
NET CURRENT ASSETS (LIABILITIES) 82,660 33,895
TOTAL ASSETS LESS CURRENT LIABILITIES 84,193 35,781
Creditors: Amounts Falling Due After More Than One Year 8 - (7,500 )
NET ASSETS 84,193 28,281
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 84,093 28,181
SHAREHOLDERS' FUNDS 84,193 28,281
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
Ms K A Sullivan
Director
30th June 2035
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
LHD Ventilation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09241202 . The registered office is 74 Malmesbury Road, Southampton, Hampshire, SO15 5FQ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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
Motor Vehicles 25% reducing balance
Computer Equipment 25% straight line
2.5. 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 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 20,000
As at 30 September 2024 20,000
Amortisation
As at 1 October 2023 20,000
As at 30 September 2024 20,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 306 12,468 1,630 14,404
Additions - - 233 233
As at 30 September 2024 306 12,468 1,863 14,637
Depreciation
As at 1 October 2023 306 10,804 1,408 12,518
Provided during the period - 416 170 586
As at 30 September 2024 306 11,220 1,578 13,104
Net Book Value
As at 30 September 2024 - 1,248 285 1,533
As at 1 October 2023 - 1,664 222 1,886
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 141,762 134,040
Other debtors 6,013 12,179
147,775 146,219
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,977 71,049
Bank loans and overdrafts 7,501 10,001
Other creditors 54,739 62,194
Taxation and social security 37,664 16,423
118,881 159,667
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 7,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr L Humphrey 24,735 25,500
Ms K A Sullivan 23,765 24,500
Page 4