Acorah Software Products - Accounts Production 16.5.460 false true true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 10177819 Mr Peter Hitchens Mr Warren Fleming iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10177819 2024-05-31 10177819 2025-05-31 10177819 2024-06-01 2025-05-31 10177819 frs-core:CurrentFinancialInstruments 2025-05-31 10177819 frs-core:ComputerEquipment 2025-05-31 10177819 frs-core:ComputerEquipment 2024-06-01 2025-05-31 10177819 frs-core:ComputerEquipment 2024-05-31 10177819 frs-core:NetGoodwill 2025-05-31 10177819 frs-core:NetGoodwill 2024-06-01 2025-05-31 10177819 frs-core:NetGoodwill 2024-05-31 10177819 frs-core:MotorVehicles 2025-05-31 10177819 frs-core:MotorVehicles 2024-06-01 2025-05-31 10177819 frs-core:MotorVehicles 2024-05-31 10177819 frs-core:ShareCapital 2025-05-31 10177819 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 10177819 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10177819 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 10177819 frs-bus:SmallEntities 2024-06-01 2025-05-31 10177819 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10177819 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10177819 frs-bus:Director1 2024-06-01 2025-05-31 10177819 frs-bus:Director2 2024-06-01 2025-05-31 10177819 frs-countries:EnglandWales 2024-06-01 2025-05-31 10177819 2023-05-31 10177819 2024-05-31 10177819 2023-06-01 2024-05-31 10177819 frs-core:CurrentFinancialInstruments 2024-05-31 10177819 frs-core:ShareCapital 2024-05-31 10177819 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 10177819
London Smart Systems Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
JJ Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10177819
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,000 10,000
Tangible Assets 5 - 925
5,000 10,925
CURRENT ASSETS
Debtors 6 1,188 -
Cash at bank and in hand 13,055 13,854
14,243 13,854
Creditors: Amounts Falling Due Within One Year 7 (124,378 ) (140,020 )
NET CURRENT ASSETS (LIABILITIES) (110,135 ) (126,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES (105,135 ) (115,241 )
NET LIABILITIES (105,135 ) (115,241 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (105,235 ) (115,341 )
SHAREHOLDERS' FUNDS (105,135) (115,241)
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For the year ending 31 May 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.
On behalf of the board
Mr Peter Hitchens
Director
29/07/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
London Smart Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10177819 . The registered office is Mayfield , West Street, Hambledon, Hampshire, PO7 4RW.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The company supports its working capital requirements via director loaned funds which are not due to be recalled for payment until the company has sufficient working capital to do so.
2.3. 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.
2.4. 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 years.
2.5. 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:
Motor Vehicles 20%
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 50,000
As at 31 May 2025 50,000
Amortisation
As at 1 June 2024 40,000
Provided during the period 5,000
As at 31 May 2025 45,000
Net Book Value
As at 31 May 2025 5,000
As at 1 June 2024 10,000
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 June 2024 9,250 3,000 12,250
Disposals - (3,000 ) (3,000 )
As at 31 May 2025 9,250 - 9,250
Depreciation
As at 1 June 2024 8,325 3,000 11,325
Provided during the period 925 - 925
Disposals - (3,000 ) (3,000 )
As at 31 May 2025 9,250 - 9,250
Net Book Value
As at 31 May 2025 - - -
As at 1 June 2024 925 - 925
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 1,188 -
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 121,282 134,767
Taxation and social security 3,096 5,253
124,378 140,020
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The following amounts were outstanding at the reporting end date:
Included within other creditors is an amount of £25,000 (2024: £35,000) due to a company which P 
Hitchens is also a director of.
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