Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 11788566 Mr L White Mr & Mrs White true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11788566 2024-01-31 11788566 2025-01-31 11788566 2024-02-01 2025-01-31 11788566 frs-core:CurrentFinancialInstruments 2025-01-31 11788566 frs-core:Non-currentFinancialInstruments 2025-01-31 11788566 frs-core:ComputerEquipment 2025-01-31 11788566 frs-core:ComputerEquipment 2024-02-01 2025-01-31 11788566 frs-core:ComputerEquipment 2024-01-31 11788566 frs-core:MotorVehicles 2025-01-31 11788566 frs-core:MotorVehicles 2024-02-01 2025-01-31 11788566 frs-core:MotorVehicles 2024-01-31 11788566 frs-core:PlantMachinery 2025-01-31 11788566 frs-core:PlantMachinery 2024-02-01 2025-01-31 11788566 frs-core:PlantMachinery 2024-01-31 11788566 frs-core:ShareCapital 2025-01-31 11788566 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11788566 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11788566 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 11788566 frs-bus:SmallEntities 2024-02-01 2025-01-31 11788566 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11788566 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11788566 1 2024-02-01 2025-01-31 11788566 frs-bus:Director1 2024-02-01 2025-01-31 11788566 frs-bus:Director1 2024-01-31 11788566 frs-bus:Director1 2025-01-31 11788566 frs-countries:EnglandWales 2024-02-01 2025-01-31 11788566 2023-01-31 11788566 2024-01-31 11788566 2023-02-01 2024-01-31 11788566 frs-core:CurrentFinancialInstruments 2024-01-31 11788566 frs-core:Non-currentFinancialInstruments 2024-01-31 11788566 frs-core:ShareCapital 2024-01-31 11788566 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 11788566
Lee White Flooring Services Limited
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11788566
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,629 11,546
54,629 11,546
CURRENT ASSETS
Stocks 5 6,354 5,100
Debtors 6 33,205 31,113
Cash at bank and in hand 82,416 124,277
121,975 160,490
Creditors: Amounts Falling Due Within One Year 7 (47,480 ) (45,792 )
NET CURRENT ASSETS (LIABILITIES) 74,495 114,698
TOTAL ASSETS LESS CURRENT LIABILITIES 129,124 126,244
Creditors: Amounts Falling Due After More Than One Year 8 (19,778 ) (5,546 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,500 ) (3,059 )
NET ASSETS 99,846 117,639
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 99,746 117,539
SHAREHOLDERS' FUNDS 99,846 117,639
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For the year ending 31 January 2025 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 L White
Director
16 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lee White Flooring Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11788566 . The registered office is 1 The Briars, Waterberry Drive, Waterlooville, PO7 7YH.
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 over 4 years
Motor Vehicles 25% reducing balance
Computer Equipment over 3 years
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 2,076 32,570 4,533 39,179
Additions - 68,874 1,776 70,650
Disposals - (32,570 ) (1,069 ) (33,639 )
As at 31 January 2025 2,076 68,874 5,240 76,190
Depreciation
As at 1 February 2024 674 24,841 2,118 27,633
Provided during the period 466 17,219 1,440 19,125
Disposals - (24,841 ) (356 ) (25,197 )
As at 31 January 2025 1,140 17,219 3,202 21,561
Net Book Value
As at 31 January 2025 936 51,655 2,038 54,629
As at 1 February 2024 1,402 7,729 2,415 11,546
5. Stocks
2025 2024
£ £
Stock 5,500 5,100
Work in progress 854 -
6,354 5,100
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 31,846 29,996
Other debtors 1,359 1,117
33,205 31,113
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,412 546
Bank loans and overdrafts 10,236 4,075
Other creditors 3,947 2,528
Taxation and social security 20,885 38,643
47,480 45,792
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 19,778 5,546
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Other Creditors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Lee White (1,101 ) 72,211 (71,118 ) - (8 )
The above loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr & Mrs White by virtue of their ownership of 100% of the issued share capital in the company.
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