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Registered number: 11197533
Longton Optical Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Verve Accountancy Limited
107 – 109 Towngate
Leyland
Lancashire
PR25 2LQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11197533
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 43,386 55,783
Tangible Assets 5 25,836 34,138
69,222 89,921
CURRENT ASSETS
Stocks 6 25,631 27,671
Debtors 7 2,561 2,091
Cash at bank and in hand 28,768 15,121
56,960 44,883
Creditors: Amounts Falling Due Within One Year 8 (29,214 ) (27,385 )
NET CURRENT ASSETS (LIABILITIES) 27,746 17,498
TOTAL ASSETS LESS CURRENT LIABILITIES 96,968 107,419
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (5,617 ) (6,241 )
NET ASSETS 91,351 101,178
CAPITAL AND RESERVES
Called up share capital 10 216,300 216,300
Profit and Loss Account (124,949 ) (115,122 )
SHAREHOLDERS' FUNDS 91,351 101,178
Page 1
Page 2
For the year ending 30 April 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 Ian Facer
Director
19th September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Longton Optical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11197533 . The registered office is 76 Liverpool Road Longton, Preston, Lancashire, PR4 5PB.
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. 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 the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 25 % Reducing Balance
Fixtures & Fittings 10 % Straight Line
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.
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2.6. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 123,965
As at 30 April 2025 123,965
Amortisation
As at 1 May 2024 68,182
Provided during the period 12,397
As at 30 April 2025 80,579
Net Book Value
As at 30 April 2025 43,386
As at 1 May 2024 55,783
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2024 61,015 39,699 100,714
As at 30 April 2025 61,015 39,699 100,714
Depreciation
As at 1 May 2024 44,805 21,771 66,576
Provided during the period 4,332 3,970 8,302
As at 30 April 2025 49,137 25,741 74,878
Net Book Value
As at 30 April 2025 11,878 13,958 25,836
As at 1 May 2024 16,210 17,928 34,138
6. Stocks
2025 2024
£ £
Finished goods 25,631 27,671
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 2,503 2,091
Other debtors 58 -
2,561 2,091
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 17,384 14,982
Corporation tax 329 -
Other taxes and social security 2,265 1,642
VAT 1,623 669
Other creditors 761 570
Accruals and deferred income 4,155 3,650
Directors' loan accounts 2,697 5,872
29,214 27,385
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 5,617 6,241
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 216,300 216,300
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