Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2023 1 March 2022 false 1 March 2023 27 February 2024 27 February 2024 10599897 Mr Craig Shelmerdine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10599897 2023-02-28 10599897 2024-02-27 10599897 2023-03-01 2024-02-27 10599897 frs-core:CurrentFinancialInstruments 2024-02-27 10599897 frs-core:Non-currentFinancialInstruments 2024-02-27 10599897 frs-core:FurnitureFittings 2024-02-27 10599897 frs-core:FurnitureFittings 2023-03-01 2024-02-27 10599897 frs-core:FurnitureFittings 2023-02-28 10599897 frs-core:MotorVehicles 2024-02-27 10599897 frs-core:MotorVehicles 2023-03-01 2024-02-27 10599897 frs-core:MotorVehicles 2023-02-28 10599897 frs-core:PlantMachinery 2024-02-27 10599897 frs-core:PlantMachinery 2023-03-01 2024-02-27 10599897 frs-core:PlantMachinery 2023-02-28 10599897 frs-core:ShareCapital 2024-02-27 10599897 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 10599897 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-27 10599897 frs-bus:FilletedAccounts 2023-03-01 2024-02-27 10599897 frs-bus:SmallEntities 2023-03-01 2024-02-27 10599897 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-27 10599897 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-27 10599897 frs-bus:Director1 2023-03-01 2024-02-27 10599897 frs-bus:Director1 2023-02-28 10599897 frs-bus:Director1 2024-02-27 10599897 frs-countries:EnglandWales 2023-03-01 2024-02-27 10599897 2022-02-28 10599897 2023-02-28 10599897 2022-03-01 2023-02-28 10599897 frs-core:CurrentFinancialInstruments 2023-02-28 10599897 frs-core:Non-currentFinancialInstruments 2023-02-28 10599897 frs-core:ShareCapital 2023-02-28 10599897 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10599897
LFPC Limited
Unaudited Financial Statements
For the Period 1 March 2023 to 27 February 2024
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
Hebburn
South Tyneside
NE31 2EQ
LFPC Limited
Unaudited Financial Statements
For the Period 1 March 2023 to 27 February 2024
Unaudited Financial Statements

Contents
| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
LFPC Limited
Balance Sheet
As At 27 February 2024
Balance Sheet
Registered number: 10599897

| 27 February 2024 | 28 February 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 11,755 |  | 14,694
|  |  | 11,755 |  | 14,694
CURRENT ASSETS
Stocks | 5 | 8,000 |  | 2,000 |
Debtors | 6 | 27,788 |  | 24,801 |
Cash at bank and in hand |  | 87,169 |  | 598 |
|  | 122,957 |  | 27,399 |
Creditors: Amounts Falling Due Within One Year | 7 | (55,216 ) |  | (36,988 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 67,741 |  | (9,589 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 79,496 |  | 5,105
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (78,342 ) |  | (4,201 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (327 ) |  | (467 )
NET ASSETS |  |  | 827 |  | 437
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 727 |  | 337
SHAREHOLDERS' FUNDS |  |  | 827 |  | 437

Page 1
Page 2
LFPC Limited
Balance Sheet (continued)
As At 27 February 2024
For the period ending 27 February 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 Craig Shelmerdine Director
24/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
LFPC Limited
Notes to the Financial Statements
For the Period 1 March 2023 to 27 February 2024
Notes to the Financial Statements
1. General Information
LFPC Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10599897 . The registered office is 3 Berkley Street, South Shields, NE33 2SX.
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:

Plant & Machinery | 20% Reducing Balance
Motor Vehicles | 20% Reducing Balance
Fixtures & Fittings | 20% Reducing Balance

2.4. 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.
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.
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 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.
Page 3
Page 4
LFPC Limited
Notes to the Financial Statements (continued)
For the Period 1 March 2023 to 27 February 2024
2.6. Functional and Presentation Currency
The functional currency of LFPC Limited is British Pound Sterling (£) as this is the primary economic environment in which the company operates. The financial statements are presented in British Pound Sterling (£).
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2023: 2)
3 2
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 March 2023 | 38,541 | 11,000 | 1,655 | 51,196
As at 27 February 2024 | 38,541 | 11,000 | 1,655 | 51,196
Depreciation
As at 1 March 2023 | 27,789 | 7,996 | 717 | 36,502
Provided during the period | 2,150 | 601 | 188 | 2,939
As at 27 February 2024 | 29,939 | 8,597 | 905 | 39,441
Net Book Value
As at 27 February 2024 | 8,602 | 2,403 | 750 | 11,755
As at 1 March 2023 | 10,752 | 3,004 | 938 | 14,694

5. Stocks

| 27 February 2024 |  | 28 February 2023
--- | --- | --- | ---
| £ |  | £
Materials | 8,000 |  | 2,000

6. Debtors

| 27 February 2024 |  | 28 February 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 14,285 |  | -
Director's loan account | 13,503 |  | 24,801
| 27,788 |  | 24,801

Included in debtors is a director's loan of 13,503 which will be repaid in 9 months.
Page 4
Page 5
LFPC Limited
Notes to the Financial Statements (continued)
For the Period 1 March 2023 to 27 February 2024
7. Creditors: Amounts Falling Due Within One Year

| 27 February 2024 |  | 28 February 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 22,419 |  | 2,790
Corporation tax | 27,562 |  | 20,016
Other taxes and social security | 785 |  | 1,018
VAT | 2,672 |  | 10,390
Other creditors | 1,776 |  | -
Accruals and deferred income | 2 |  | 2,774
| 55,216 |  | 36,988

8. Creditors: Amounts Falling Due After More Than One Year

| 27 February 2024 |  | 28 February 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 78,342 |  | 4,201
| 78,342 |  | 4,201

9. Share Capital

| 27 February 2024 |  | 28 February 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 March 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 27 February 2024
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Craig Shelmerdine | 24,801 | 25,749 | 37,047 | - | 13,503

The above loan is unsecured,and repayable on demand.
Dividends paid to directors

| 27 February 2024 | 28 February 2023
--- | --- | ---
| £ | £
Mr Craig Shelmerdine | 9,000 | 21,000

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