Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 31 March 2024 31 March 2024 08655612 Mr B Rule Mr A Brodie Mr O Wingham Mr D Sharp Mrs J Lovatt Mr L Bower Rouse Partners LLP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08655612 2023-09-30 08655612 2024-03-31 08655612 2023-10-01 2024-03-31 08655612 frs-core:CurrentFinancialInstruments 2024-03-31 08655612 frs-core:Non-currentFinancialInstruments 2024-03-31 08655612 frs-core:ComputerEquipment 2024-03-31 08655612 frs-core:ComputerEquipment 2023-10-01 2024-03-31 08655612 frs-core:ComputerEquipment 2023-09-30 08655612 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-03-31 08655612 frs-core:OtherResidualIntangibleAssets 2024-03-31 08655612 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-03-31 08655612 frs-core:OtherResidualIntangibleAssets 2023-09-30 08655612 frs-core:WithinOneYear 2024-03-31 08655612 frs-core:ShareCapital 2024-03-31 08655612 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08655612 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-03-31 08655612 frs-bus:FilletedAccounts 2023-10-01 2024-03-31 08655612 frs-bus:SmallEntities 2023-10-01 2024-03-31 08655612 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-03-31 08655612 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-03-31 08655612 1 2023-10-01 2024-03-31 08655612 frs-bus:Director1 2023-10-01 2024-03-31 08655612 frs-bus:Director2 2023-10-01 2024-03-31 08655612 frs-bus:Director3 2023-10-01 2024-03-31 08655612 frs-bus:Director4 2023-10-01 2024-03-31 08655612 frs-bus:Director5 2023-10-01 2024-03-31 08655612 frs-bus:Director6 2023-10-01 2024-03-31 08655612 frs-countries:EnglandWales 2023-10-01 2024-03-31 08655612 2022-09-30 08655612 2023-09-30 08655612 2022-10-01 2023-09-30 08655612 frs-core:CurrentFinancialInstruments 2023-09-30 08655612 frs-core:Non-currentFinancialInstruments 2023-09-30 08655612 frs-core:WithinOneYear 2023-09-30 08655612 frs-core:ShareCapital 2023-09-30 08655612 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08655612
Lydford Advisory Limited
Unaudited Financial Statements
For the Period 1 October 2023 to 31 March 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08655612
31 March 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,214 1,309
Tangible Assets 5 12,759 12,582
13,973 13,891
CURRENT ASSETS
Debtors 6 190,730 190,228
Cash at bank and in hand 301,014 470,282
491,744 660,510
Creditors: Amounts Falling Due Within One Year 7 (351,185 ) (406,354 )
NET CURRENT ASSETS (LIABILITIES) 140,559 254,156
TOTAL ASSETS LESS CURRENT LIABILITIES 154,532 268,047
Creditors: Amounts Falling Due After More Than One Year 8 (44,492 ) (56,626 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,727 ) (1,229 )
NET ASSETS 108,313 210,192
CAPITAL AND RESERVES
Called up share capital 10 143 143
Profit and Loss Account 108,170 210,049
SHAREHOLDERS' FUNDS 108,313 210,192
Page 1
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For the period ending 31 March 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 A Brodie
Director
11 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lydford Advisory Limited is a private company,  limited by shares, incorporated in England & Wales, registered number 08655612 . The registered office is 55 Station Road, Beaconsfield, HP9 1QL.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 10 years on a straight line basis.
2.4. Research and Development
Expenditure on research and development is written off in the year it is incurred.
2.5. 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:
Computer Equipment 25% Straight Line
2.6. 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.
2.7. 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 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.
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2.8. 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 as follows: 15 (2023: 16)
15 16
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 1,893
As at 31 March 2024 1,893
Amortisation
As at 1 October 2023 584
Provided during the period 95
As at 31 March 2024 679
Net Book Value
As at 31 March 2024 1,214
As at 1 October 2023 1,309
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 28,464
Additions 3,639
As at 31 March 2024 32,103
Depreciation
As at 1 October 2023 15,882
Provided during the period 3,462
As at 31 March 2024 19,344
Net Book Value
As at 31 March 2024 12,759
As at 1 October 2023 12,582
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6. Debtors
31 March 2024 30 September 2023
£ £
Due within one year
Trade debtors 154,078 128,239
Amounts owed by group undertakings 728 728
Other debtors 35,924 61,261
190,730 190,228
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 September 2023
£ £
Trade creditors 58,066 84,449
Bank loans and overdrafts 24,268 24,268
Other creditors 29,216 75,032
Taxation and social security 239,635 222,605
351,185 406,354
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 September 2023
£ £
Bank loans 44,492 56,626
9. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2024 30 September 2023
£ £
Bank loans and overdrafts 68,760 80,894
10. Share Capital
31 March 2024 30 September 2023
£ £
Allotted, Called up and fully paid 143 143
At 31 March 2024 the company had the following shares in issue which were alloted and fully paid up:
142,996 Ordinary A Shares of £0.001 each
1 Ordinary B Share of £0.001 each
1 Ordinary C Share of £0.001 each
1 Ordinary D Share of £0.001 each
1 Ordinary E Share of £0.001 each
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024 30 September 2023
£ £
Not later than one year 15,300 -
15,300 -
12. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £8,915. (2023: £6,793) were due to the fund.  They are included in Other Creditors.
13. Directors Advances, Credits and Guarantees
At 31 March 2024 a director had an overdrawn loan account which was repaid on 20 May 2024.
14. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Finerva Holdings Limited . Finerva Holdings Limited was incorporated in England & Wales. On 4th April 2025 the ultimate controlling party became Rouse Partners LLP who controls 100% of the shares of Lydford Advisory Limited .
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