Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09180987 Mr Timothy Luft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09180987 2023-12-31 09180987 2024-12-31 09180987 2024-01-01 2024-12-31 09180987 frs-core:CurrentFinancialInstruments 2024-12-31 09180987 frs-core:Non-currentFinancialInstruments 2024-12-31 09180987 frs-core:ComputerEquipment 2024-12-31 09180987 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09180987 frs-core:ComputerEquipment 2023-12-31 09180987 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09180987 frs-core:MotorVehicles 2024-01-01 2024-12-31 09180987 frs-core:PlantMachinery 2024-12-31 09180987 frs-core:PlantMachinery 2024-01-01 2024-12-31 09180987 frs-core:PlantMachinery 2023-12-31 09180987 frs-core:ShareCapital 2024-12-31 09180987 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09180987 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09180987 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09180987 frs-bus:SmallEntities 2024-01-01 2024-12-31 09180987 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09180987 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09180987 frs-bus:Director1 2024-01-01 2024-12-31 09180987 frs-countries:EnglandWales 2024-01-01 2024-12-31 09180987 2022-12-31 09180987 2023-12-31 09180987 2023-01-01 2023-12-31 09180987 frs-core:CurrentFinancialInstruments 2023-12-31 09180987 frs-core:Non-currentFinancialInstruments 2023-12-31 09180987 frs-core:ShareCapital 2023-12-31 09180987 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09180987
Luft Technologies Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09180987
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,488 31,382
Investment Properties 5 235,000 235,000
262,488 266,382
CURRENT ASSETS
Debtors 6 506 471
Cash at bank and in hand 20,966 37,446
21,472 37,917
Creditors: Amounts Falling Due Within One Year 7 (26,844 ) (26,774 )
NET CURRENT ASSETS (LIABILITIES) (5,372 ) 11,143
TOTAL ASSETS LESS CURRENT LIABILITIES 257,116 277,525
Creditors: Amounts Falling Due After More Than One Year 8 (43,177 ) (55,625 )
NET ASSETS 213,939 221,900
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 212,939 220,900
SHAREHOLDERS' FUNDS 213,939 221,900
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Page 2
For the year ending 31 December 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 Timothy Luft
Director
9 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Luft Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09180987 . The registered office is Maxi House, Halesfield 20, Telford, Shropshire, TF7 4QU.

The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 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. 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:
Freehold Not depreciated
Plant & Machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance
Computer Equipment 33% reducing balance
No depreciation is provided on freehold property as the company follows a programme of regular refurbishment, as such the directors feel that any depreciation would result in an understatement of land and buildings.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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 year 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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2.5. 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 36,000 1,959 37,959
Additions - 1,182 1,182
As at 31 December 2024 36,000 3,141 39,141
Depreciation
As at 1 January 2024 5,400 1,177 6,577
Provided during the period 4,590 486 5,076
As at 31 December 2024 9,990 1,663 11,653
Net Book Value
As at 31 December 2024 26,010 1,478 27,488
As at 1 January 2024 30,600 782 31,382
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 235,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 202,887 202,887
Accumulated depreciation and impairment 8,115 4,058
Carrying amount 194,772 198,829
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 506 471
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 12,478 11,341
VAT 6,664 8,360
Accruals and deferred income 1,949 1,320
Director's loan account 457 457
Amounts owed to related parties 5,296 5,296
26,844 26,774
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 43,177 55,625
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Related Party Transactions
Included within creditors is a balance of £5,896 (2023: £5,896) owed to a company under common control and a debit balance of £600 (2023: £600) owed by a company under common control resulting in an overall credit balance of £5,296 (2023: £5,296). No interest has been charged on this amount and there were no conditions attached.
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