Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 January 2023 false 1 April 2024 31 March 2025 31 March 2025 07555704 Mr M Wise Mr D Miller Mr G Storey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07555704 2024-03-31 07555704 2025-03-31 07555704 2024-04-01 2025-03-31 07555704 frs-core:Non-currentFinancialInstruments 2025-03-31 07555704 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07555704 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07555704 frs-core:NetGoodwill 2024-04-01 2025-03-31 07555704 frs-core:MotorVehicles 2024-04-01 2025-03-31 07555704 frs-core:PlantMachinery 2024-04-01 2025-03-31 07555704 frs-core:WithinOneYear 2025-03-31 07555704 frs-core:SharePremium 2025-03-31 07555704 frs-core:ShareCapital 2025-03-31 07555704 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07555704 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07555704 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 07555704 frs-bus:SmallEntities 2024-04-01 2025-03-31 07555704 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07555704 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07555704 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 07555704 frs-bus:Director1 2024-04-01 2025-03-31 07555704 frs-bus:Director2 2024-04-01 2025-03-31 07555704 frs-bus:Director3 2024-04-01 2025-03-31 07555704 frs-countries:EnglandWales 2024-04-01 2025-03-31 07555704 2022-12-31 07555704 2024-03-31 07555704 2023-01-01 2024-03-31 07555704 frs-core:Non-currentFinancialInstruments 2024-03-31 07555704 frs-core:BetweenOneFiveYears 2024-03-31 07555704 frs-core:WithinOneYear 2024-03-31 07555704 frs-core:SharePremium 2024-03-31 07555704 frs-core:ShareCapital 2024-03-31 07555704 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07555704 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31
Registered number: 07555704
Live For Today Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
FBS Accountants Ltd
21 Fewston Crescent
Harrogate
North Yorkshire
HG1 2BP
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07555704
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 270,775 299,200
Tangible Assets 5 290,261 330,125
561,036 629,325
CURRENT ASSETS
Stocks 825 675
Debtors 1,285 738
Cash at bank and in hand 2,739 55,348
4,849 56,761
Creditors: Amounts Falling Due Within One Year (218,376 ) (317,830 )
NET CURRENT ASSETS (LIABILITIES) (213,527 ) (261,069 )
TOTAL ASSETS LESS CURRENT LIABILITIES 347,509 368,256
Creditors: Amounts Falling Due After More Than One Year (256,158 ) (211,270 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (28,813 ) (61,632 )
NET ASSETS 62,538 95,354
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 59,980 59,980
Profit and Loss Account 2,458 35,274
SHAREHOLDERS' FUNDS 62,538 95,354
Page 1
Page 2
For the year ending 31 March 2025 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr M Wise
Director
22/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Live For Today Ltd Registered number 07555704 is a limited by shares company incorporated in England & Wales. The Registered Office is Ripley Castle, Harrogate, North Yorkshire, HG3 3AY.
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 comprises the invoiced value of services supplied by the company, net of Value Added Tax.
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 profit and loss account over its estimated economic life of 10 and 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% reducing balance/10% Climbing Wall
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.6. 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.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 55 (2024: 28)
55 28
Page 3
Page 4
4. Intangible Assets
Total
£
Cost
As at 1 April 2024 457,500
Disposals (60,000 )
As at 31 March 2025 397,500
Amortisation
As at 1 April 2024 158,300
Provided during the period 22,425
Disposals (54,000 )
As at 31 March 2025 126,725
Net Book Value
As at 31 March 2025 270,775
As at 1 April 2024 299,200
5. Tangible Assets
Total
£
Cost
As at 1 April 2024 473,958
Additions 9,276
Disposals (17,415 )
As at 31 March 2025 465,819
Depreciation
As at 1 April 2024 143,833
Provided during the period 43,541
Disposals (11,816 )
As at 31 March 2025 175,558
Net Book Value
As at 31 March 2025 290,261
As at 1 April 2024 330,125
6. Obligations Under Finance Leases and Hire Purchase
31 March 2025 31 March 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,651 3,302
Later than one year and not later than five years - 1,926
1,651 5,228
1,651 5,228
Page 4
Page 5
7. Deferred Taxation
The provision for deferred tax is made up as follows:
31 March 2025 31 March 2024
£ £
Accelerated capital allowances (32,819 ) 48,250
Other timing differences 61,632 13,382
28,813 61,632
8. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5