Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 30 October 2024 30 October 2024 14447461 Stephen Richfield Michael Streeter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14447461 2023-10-31 14447461 2024-10-30 14447461 2023-11-01 2024-10-30 14447461 frs-core:CurrentFinancialInstruments 2024-10-30 14447461 frs-core:Non-currentFinancialInstruments 2024-10-30 14447461 frs-core:FurnitureFittings 2024-10-30 14447461 frs-core:FurnitureFittings 2023-11-01 2024-10-30 14447461 frs-core:FurnitureFittings 2023-10-31 14447461 frs-core:NetGoodwill 2024-10-30 14447461 frs-core:NetGoodwill 2023-11-01 2024-10-30 14447461 frs-core:NetGoodwill 2023-10-31 14447461 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-30 14447461 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-30 14447461 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 14447461 frs-core:ShareCapital 2024-10-30 14447461 frs-core:RetainedEarningsAccumulatedLosses 2024-10-30 14447461 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-30 14447461 frs-bus:FilletedAccounts 2023-11-01 2024-10-30 14447461 frs-bus:SmallEntities 2023-11-01 2024-10-30 14447461 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-30 14447461 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-30 14447461 frs-bus:Director1 2023-11-01 2024-10-30 14447461 frs-bus:Director2 2023-11-01 2024-10-30 14447461 frs-countries:EnglandWales 2023-11-01 2024-10-30 14447461 2022-10-31 14447461 2023-10-31 14447461 2022-11-01 2023-10-31 14447461 frs-core:CurrentFinancialInstruments 2023-10-31 14447461 frs-core:Non-currentFinancialInstruments 2023-10-31 14447461 frs-core:ShareCapital 2023-10-31 14447461 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 14447461
Longs Inn Limited
Unaudited Financial Statements
For The Year Ended 30 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14447461
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,000 24,000
Tangible Assets 5 68,503 89,951
86,503 113,951
CURRENT ASSETS
Stocks 6 4,297 4,970
Debtors 7 5,397 6,236
Cash at bank and in hand 10,920 22,515
20,614 33,721
Creditors: Amounts Falling Due Within One Year 8 (220,838 ) (11,640 )
NET CURRENT ASSETS (LIABILITIES) (200,224 ) 22,081
TOTAL ASSETS LESS CURRENT LIABILITIES (113,721 ) 136,032
Creditors: Amounts Falling Due After More Than One Year 9 - (159,571 )
NET LIABILITIES (113,721 ) (23,539 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (113,821 ) (23,639 )
SHAREHOLDERS' FUNDS (113,721) (23,539)
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Page 2
For the year ending 30 October 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
Michael Streeter
Director
24 July 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
Longs Inn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14447461 . The registered office is Suite C The Quadrant, 99 Parkway Avenue, Sheffield, South Yorkshire, S9 4WG.
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.
Going Concern
The director has prepared the financial statements on the going concern basis.
The director has expressed a willingness to continue to financially support the company in the near future, should the company require the director to do so. On this basis the director considers the preparation of the financial statements on a going concern basis to be most appropriate.
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 the profit and loss account over its estimated economic life of 5 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:
Leasehold 20% Straight Line
Fixtures & Fittings 20% Reducing Balance
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 30,000
As at 30 October 2024 30,000
Amortisation
As at 1 November 2023 6,000
Provided during the period 6,000
As at 30 October 2024 12,000
Net Book Value
As at 30 October 2024 18,000
As at 1 November 2023 24,000
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 77,551 30,500 108,051
Additions - 658 658
As at 30 October 2024 77,551 31,158 108,709
Depreciation
As at 1 November 2023 12,000 6,100 18,100
Provided during the period 16,803 5,303 22,106
As at 30 October 2024 28,803 11,403 40,206
Net Book Value
As at 30 October 2024 48,748 19,755 68,503
As at 1 November 2023 65,551 24,400 89,951
6. Stocks
2024 2023
£ £
Stock 4,297 4,970
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 5,397 6,236
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,114 (1,315 )
Other taxes and social security 3,798 7,128
Other creditors 208,486 5,827
Accruals and deferred income 1,440 -
220,838 11,640
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 159,571
10. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £230,375 in respect of property leases for the coming 5 years. 
11. Directors Advances, Credits and Guarantees
Included in other creditors is £24,242 (2023: £22,571) owed to a director. During the year, the company advanced £0 to the director and received £1,671 in repayments from the director.  
Included in other creditors is £172,887 (2023: £137,000) owed to a second director. During the year, the company advanced £540 to the second director and received £36,427 in repayments from a second director.  
The above loans are unsecured, interest free and repayable on demand.
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