Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11429094 Mr Geoffrey Lound Mr Richard High Mr Christopher Lound iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11429094 2023-11-30 11429094 2024-11-30 11429094 2023-12-01 2024-11-30 11429094 frs-core:CurrentFinancialInstruments 2024-11-30 11429094 frs-core:Non-currentFinancialInstruments 2024-11-30 11429094 frs-core:BetweenOneFiveYears 2024-11-30 11429094 frs-core:ComputerEquipment 2024-11-30 11429094 frs-core:ComputerEquipment 2023-12-01 2024-11-30 11429094 frs-core:ComputerEquipment 2023-11-30 11429094 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 11429094 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 11429094 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 11429094 frs-core:MotorVehicles 2024-11-30 11429094 frs-core:MotorVehicles 2023-12-01 2024-11-30 11429094 frs-core:MotorVehicles 2023-11-30 11429094 frs-core:PlantMachinery 2024-11-30 11429094 frs-core:PlantMachinery 2023-12-01 2024-11-30 11429094 frs-core:PlantMachinery 2023-11-30 11429094 frs-core:WithinOneYear 2024-11-30 11429094 frs-core:ShareCapital 2024-11-30 11429094 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11429094 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11429094 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11429094 frs-bus:SmallEntities 2023-12-01 2024-11-30 11429094 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11429094 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11429094 frs-bus:Director1 2023-12-01 2024-11-30 11429094 frs-bus:Director2 2023-12-01 2024-11-30 11429094 frs-bus:Director3 2023-12-01 2024-11-30 11429094 frs-countries:EnglandWales 2023-12-01 2024-11-30 11429094 2022-11-30 11429094 2023-11-30 11429094 2022-12-01 2023-11-30 11429094 frs-core:CurrentFinancialInstruments 2023-11-30 11429094 frs-core:Non-currentFinancialInstruments 2023-11-30 11429094 frs-core:BetweenOneFiveYears 2023-11-30 11429094 frs-core:WithinOneYear 2023-11-30 11429094 frs-core:ShareCapital 2023-11-30 11429094 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11429094
Lab Furniture Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Townend English
Chartered Accountants
81-83 Market Street
Pocklington
YO42 2AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11429094
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 221,349 94,110
221,349 94,110
CURRENT ASSETS
Stocks 5 168,994 212,789
Debtors 6 254,272 523,242
Cash at bank and in hand 42,733 55,375
465,999 791,406
Creditors: Amounts Falling Due Within One Year 7 (135,234 ) (182,702 )
NET CURRENT ASSETS (LIABILITIES) 330,765 608,704
TOTAL ASSETS LESS CURRENT LIABILITIES 552,114 702,814
Creditors: Amounts Falling Due After More Than One Year 8 (850,781 ) (676,942 )
NET (LIABILITIES)/ASSETS (298,667 ) 25,872
CAPITAL AND RESERVES
Called up share capital 10 200,000 200,000
Profit and Loss Account (498,667 ) (174,128 )
SHAREHOLDERS' FUNDS (298,667) 25,872
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For the year ending 30 November 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
Mr Geoffrey Lound
Director
29 August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lab Furniture Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11429094 . The registered office is Lab Furniture, West Carr Lane, Hull, HU7 0AW.
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 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:
Leasehold improvements 10% straight line
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
Computer Equipment 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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 the profit and loss account as incurred.
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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: 18 (2023: 17)
18 17
4. Tangible Assets
Land & Property
Leasehold improvements Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 - 133,146 16,689 12,085 161,920
Additions 114,265 58,501 - 3,367 176,133
Disposals - - (5,122 ) - (5,122 )
As at 30 November 2024 114,265 191,647 11,567 15,452 332,931
Depreciation
As at 1 December 2023 - 54,438 5,650 7,722 67,810
Provided during the period 7,426 31,967 2,313 3,090 44,796
Disposals - - (1,024 ) - (1,024 )
As at 30 November 2024 7,426 86,405 6,939 10,812 111,582
Net Book Value
As at 30 November 2024 106,839 105,242 4,628 4,640 221,349
As at 1 December 2023 - 78,708 11,039 4,363 94,110
5. Stocks
2024 2023
£ £
Stock 26,778 8,345
Work in progress 142,216 204,444
168,994 212,789
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 183,430 456,995
Prepayments and accrued income 9,874 18,802
Other debtors 50,428 30,782
VAT 10,540 16,663
254,272 523,242
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,813 -
Trade creditors 74,643 136,612
Bank loans and overdrafts 5,556 -
Other taxes and social security 31,642 37,323
Other creditors 730 7,117
Accruals and deferred income 850 1,650
135,234 182,702
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 42,179 -
Bank loans 24,852 -
Other creditors 783,750 676,942
850,781 676,942
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,813 -
Later than one year and not later than five years 42,179 -
63,992 -
63,992 -
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200,000 200,000
11. Related Party Transactions
The total amount owing to SWL Finance at the year end was £575,000 (2023: £500,000) which is secured by way of a fixed and floating charge over the company assets. 
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