Acorah Software Products - Accounts Production 16.4.675 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12005829 J Blaaberg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12005829 2023-05-31 12005829 2024-05-31 12005829 2023-06-01 2024-05-31 12005829 frs-core:CurrentFinancialInstruments 2024-05-31 12005829 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12005829 frs-core:FurnitureFittings 2023-06-01 2024-05-31 12005829 frs-core:PlantMachinery 2024-05-31 12005829 frs-core:PlantMachinery 2023-06-01 2024-05-31 12005829 frs-core:PlantMachinery 2023-05-31 12005829 frs-core:ShareCapital 2024-05-31 12005829 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12005829 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12005829 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12005829 frs-bus:SmallEntities 2023-06-01 2024-05-31 12005829 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12005829 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12005829 frs-bus:Director1 2023-06-01 2024-05-31 12005829 frs-countries:EnglandWales 2023-06-01 2024-05-31 12005829 2022-05-31 12005829 2023-05-31 12005829 2022-06-01 2023-05-31 12005829 frs-core:CurrentFinancialInstruments 2023-05-31 12005829 frs-core:ShareCapital 2023-05-31 12005829 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12005829
LCS Studio Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director J Blaaberg
Company Number 12005829
Registered Office Flat 1 56-58 Lambs Conduit Street
London
WC1N 3LW
Accountants Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Page 1
Page 2
Balance Sheet
Registered number: 12005829
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,866 5,816
7,866 5,816
CURRENT ASSETS
Debtors 5 51,876 104,986
Cash at bank and in hand 364,013 568,486
415,889 673,472
Creditors: Amounts Falling Due Within One Year 6 (25,966 ) (23,908 )
NET CURRENT ASSETS (LIABILITIES) 389,923 649,564
TOTAL ASSETS LESS CURRENT LIABILITIES 397,789 655,380
NET ASSETS 397,789 655,380
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 397,788 655,379
SHAREHOLDERS' FUNDS 397,789 655,380
Page 2
Page 3
For the year ending 31 May 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.
The financial statements were approved by the board of directors on 29 August 2025 and were signed on its behalf by:
J Blaaberg
Director
29 August 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
LCS Studio Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
2.2. Going Concern Disclosure
In considering the appropriateness of adopting the going concern basis in preparing the financial statements, the director has given due consideration to the future financial operating requirements of the company. The director expects the company to remain in operational existence for the foreseeable future and satisfied that the necessary financial support will be available for the twelve months from the date of approval of the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 25% on Reducing Balance
Computer Equipment 3 years Straight line
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 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.
...CONTINUED
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2.5. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. 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.
2.7. Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.8. Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 June 2023 9,280
Additions 4,402
As at 31 May 2024 13,682
...CONTINUED
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Page 6
Depreciation
As at 1 June 2023 3,464
Provided during the period 2,352
As at 31 May 2024 5,816
Net Book Value
As at 31 May 2024 7,866
As at 1 June 2023 5,816
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,520 56,669
Other debtors 26,356 48,317
51,876 104,986
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,070
Other creditors 5,137 5,374
Taxation and social security 20,829 16,464
25,966 23,908
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Retained
earnings
£
At 1 June 2023
658,284
Deficit for the year
(231,699)
Dividends
(31,108)
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At 31 May 2024
395,477
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Page 6