Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09248400 Mr L G Meehan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09248400 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-10-31 09248400 2023-10-31 09248400 2024-10-31 09248400 2023-11-01 2024-10-31 09248400 frs-core:CurrentFinancialInstruments 2024-10-31 09248400 frs-core:Non-currentFinancialInstruments 2024-10-31 09248400 frs-core:ComputerEquipment 2024-10-31 09248400 frs-core:ComputerEquipment 2023-11-01 2024-10-31 09248400 frs-core:ComputerEquipment 2023-10-31 09248400 frs-core:ShareCapital 2024-10-31 09248400 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09248400 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09248400 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09248400 frs-bus:SmallEntities 2023-11-01 2024-10-31 09248400 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09248400 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09248400 frs-bus:Director1 2023-11-01 2024-10-31 09248400 frs-countries:EnglandWales 2023-11-01 2024-10-31 09248400 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-10-31 09248400 2022-10-31 09248400 2023-10-31 09248400 2022-11-01 2023-10-31 09248400 frs-core:CurrentFinancialInstruments 2023-10-31 09248400 frs-core:Non-currentFinancialInstruments 2023-10-31 09248400 frs-core:ShareCapital 2023-10-31 09248400 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09248400
L Meehan Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of L Meehan Ltd for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of L Meehan Ltd for the year ended 31 October 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of L Meehan Ltd , as a body, in accordance with the terms of our engagement letter dated 12 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of L Meehan Ltd and state those matters that we have agreed to state to the director of L Meehan Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L Meehan Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that L Meehan Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of L Meehan Ltd . You consider that L Meehan Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of L Meehan Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
ERC Accountants and Business Advisers Limited
28 July 2025
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Balance Sheet
Registered number: 09248400
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43 87
43 87
CURRENT ASSETS
Debtors 5 41,189 37,335
Cash at bank and in hand 702 1,765
41,891 39,100
Creditors: Amounts Falling Due Within One Year 6 (15,060 ) (16,283 )
NET CURRENT ASSETS (LIABILITIES) 26,831 22,817
TOTAL ASSETS LESS CURRENT LIABILITIES 26,874 22,904
Creditors: Amounts Falling Due After More Than One Year 7 (13,304 ) (14,368 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8 ) (16 )
NET ASSETS 13,562 8,520
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 13,561 8,519
SHAREHOLDERS' FUNDS 13,562 8,520
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For the year ending 31 October 2024 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 G Meehan
Director
28 July 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
L Meehan Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09248400 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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 33% straight line
2.4. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer equipment
£
Cost
As at 1 November 2023 680
As at 31 October 2024 680
Depreciation
As at 1 November 2023 593
Provided during the period 44
As at 31 October 2024 637
Net Book Value
As at 31 October 2024 43
As at 1 November 2023 87
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,200 6,150
Other debtors 30,989 31,185
41,189 37,335
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,223 2,314
Bank loans and overdrafts 2,459 3,647
Other creditors 1,956 1,830
Taxation and social security 8,422 8,492
15,060 16,283
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,304 14,368
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 3,469 -
8. Secured Creditors
The loan held is 100% secured via the government-backed bounce back loan scheme.
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
A director has a brought forward advance from the company of £30,868 (2023: £26,070). Further advances received during the year totalled £45,943 (2023: £50,920) and advances repaid during the year totalled £46,149 (2023: £46,122). The advance carried forward as at the year end date is £30,662 (2023: £30,868).
The above loan is interest free and repayable on demand.
11. Related Party Transactions
The following related party transactions were undertaken during the year:
Dividends were paid to the directors in respect of their shareholdings totalling £30,868 (2023: £26,070).
The aggregate remuneration paid to key management personnel for the year was £9,100 (2032: £9,100).
No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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