Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 13 February 2025 1 October 2023 30 September 2024 30 September 2024 07084857 Mr Ian Rea Mr Laurent Duray LIM Group SAS BP76 Chemin Fontaine de Fanny, 24300 Nontron false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07084857 2023-09-30 07084857 2024-09-30 07084857 2023-10-01 2024-09-30 07084857 frs-core:CurrentFinancialInstruments 2024-09-30 07084857 frs-core:Non-currentFinancialInstruments 2024-09-30 07084857 frs-core:BetweenOneFiveYears 2024-09-30 07084857 frs-core:FurnitureFittings 2024-09-30 07084857 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07084857 frs-core:FurnitureFittings 2023-09-30 07084857 frs-core:NetGoodwill 2024-09-30 07084857 frs-core:NetGoodwill 2023-10-01 2024-09-30 07084857 frs-core:NetGoodwill 2023-09-30 07084857 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 07084857 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 07084857 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 07084857 frs-core:MotorVehicles 2024-09-30 07084857 frs-core:MotorVehicles 2023-10-01 2024-09-30 07084857 frs-core:MotorVehicles 2023-09-30 07084857 frs-core:PlantMachinery 2024-09-30 07084857 frs-core:PlantMachinery 2023-10-01 2024-09-30 07084857 frs-core:PlantMachinery 2023-09-30 07084857 frs-core:WithinOneYear 2024-09-30 07084857 frs-core:ShareCapital 2024-09-30 07084857 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07084857 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07084857 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07084857 frs-bus:SmallEntities 2023-10-01 2024-09-30 07084857 frs-bus:Audited 2023-10-01 2024-09-30 07084857 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07084857 1 2023-10-01 2024-09-30 07084857 frs-bus:Director1 2023-10-01 2024-09-30 07084857 frs-bus:Director2 2023-10-01 2024-09-30 07084857 frs-countries:EnglandWales 2023-10-01 2024-09-30 07084857 2022-09-30 07084857 2023-09-30 07084857 2022-10-01 2023-09-30 07084857 frs-core:CurrentFinancialInstruments 2023-09-30 07084857 frs-core:Non-currentFinancialInstruments 2023-09-30 07084857 frs-core:BetweenOneFiveYears 2023-09-30 07084857 frs-core:WithinOneYear 2023-09-30 07084857 frs-core:ShareCapital 2023-09-30 07084857 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07084857
Lariot Europe Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—6
Page 1
Balance Sheet
Registered number: 07084857
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,000 15,500
Tangible Assets 5 326,305 281,739
335,305 297,239
CURRENT ASSETS
Stocks 6 173,518 144,130
Debtors 7 299,372 252,456
Cash at bank and in hand 69,373 122,139
542,263 518,725
Creditors: Amounts Falling Due Within One Year 8 (512,219 ) (481,274 )
NET CURRENT ASSETS (LIABILITIES) 30,044 37,451
TOTAL ASSETS LESS CURRENT LIABILITIES 365,349 334,690
Creditors: Amounts Falling Due After More Than One Year 9 (13,024 ) (23,605 )
NET ASSETS 352,325 311,085
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 351,325 310,085
SHAREHOLDERS' FUNDS 352,325 311,085
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 Ian Rea
Director
06/02/2025
The notes on pages 2 to 6 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lariot Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07084857 . The registered office is Units 28 B & C Cinder Road Ring Road, Zone 3, Burntwood Business Park, Burntwood, Staffordshire, WS7 3JG.
The presentation currency of the financial statements is the Pound Sterling (£).
All monetary amounts are rounded to the nearest pound.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The company management continue to implement risk mitigation strategies and robust long term growth plans to improve the financial performance of the company. Forecasts have been prepared covering a period of at least 12 months from the date of approval of the financial statements, which show the company is profitable in future periods which have been reviewed and approved by its parent company LIM Group SAS.
Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.
2.3. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Bad debt provision
A Provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stock provision
A provision has been made at the year end to account for obsolete and slow moving stock based on historical sales
data and how long stock has been held for across the various stock categories
2.4. 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.
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2.5. 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 10 years.
2.6. 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:
Leasehold 20% on Cost
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.8. 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.
2.9. Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like
trade and other accounts receivable and payable.
Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or receivables are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.
2.10. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.11. 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.
...CONTINUED
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2.11. Taxation - continued
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 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.
2.12. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 65,000
As at 30 September 2024 65,000
Amortisation
As at 1 October 2023 49,500
Provided during the period 6,500
As at 30 September 2024 56,000
Net Book Value
As at 30 September 2024 9,000
As at 1 October 2023 15,500
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 October 2023 3,582 600,986 23,836 61,521 689,925
Additions - 96,855 16,079 - 112,934
Disposals - - (6,850 ) - (6,850 )
As at 30 September 2024 3,582 697,841 33,065 61,521 796,009
Depreciation
As at 1 October 2023 3,582 359,608 2,979 42,017 408,186
Provided during the period - 50,738 13,729 3,901 68,368
Disposals - - (6,850 ) - (6,850 )
As at 30 September 2024 3,582 410,346 9,858 45,918 469,704
...CONTINUED
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Page 5
Net Book Value
As at 30 September 2024 - 287,495 23,207 15,603 326,305
As at 1 October 2023 - 241,378 20,857 19,504 281,739
6. Stocks
2024 2023
£ £
Stock 173,518 144,130
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 217,281 179,405
Other debtors 82,091 73,051
299,372 252,456
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,112 6,112
Trade creditors 242,394 179,227
Bank loans and overdrafts 6,431 10,648
Amounts owed to participating interests 134,049 126,624
Other creditors 59,907 80,518
Taxation and social security 63,326 78,145
512,219 481,274
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,376 7,227
Bank loans 10,648 16,378
13,024 23,605
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,112 6,112
Later than one year and not later than five years 2,376 7,227
8,488 13,339
8,488 13,339
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is LIM Group SAS . LIM Group SAS was incorporated in France. Copies of the group accounts are publicly available at Infogreffe or from the registered office BP76 Chemin Fontaine de Fanny, 24300 Nontron .
14. Audit Information
The auditor's report on the accounts of Lariot Europe Limited for the year ended 30 September 2024 was unqualified.
The auditor's report was signed by Martin Cox (Senior Statutory Auditor) for and on behalf of mca Banbury Ltd , Statutory Auditor.
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