Acorah Software Products - Accounts Production 16.6.920 false true 30 November 2023 1 February 2023 false 1 December 2023 30 November 2024 30 November 2024 05346154 Mr Greg Lomas Mr William Foster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05346154 2023-11-30 05346154 2024-11-30 05346154 2023-12-01 2024-11-30 05346154 frs-core:CurrentFinancialInstruments 2024-11-30 05346154 frs-core:Non-currentFinancialInstruments 2024-11-30 05346154 frs-core:ComputerEquipment 2024-11-30 05346154 frs-core:ComputerEquipment 2023-12-01 2024-11-30 05346154 frs-core:ComputerEquipment 2023-11-30 05346154 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-01 2024-11-30 05346154 frs-core:FurnitureFittings 2024-11-30 05346154 frs-core:FurnitureFittings 2023-12-01 2024-11-30 05346154 frs-core:FurnitureFittings 2023-11-30 05346154 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 05346154 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05346154 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 05346154 frs-core:MotorVehicles 2024-11-30 05346154 frs-core:MotorVehicles 2023-12-01 2024-11-30 05346154 frs-core:MotorVehicles 2023-11-30 05346154 frs-core:OtherResidualIntangibleAssets 2024-11-30 05346154 frs-core:OtherResidualIntangibleAssets 2023-12-01 2024-11-30 05346154 frs-core:OtherResidualIntangibleAssets 2023-11-30 05346154 frs-core:PlantMachinery 2024-11-30 05346154 frs-core:PlantMachinery 2023-12-01 2024-11-30 05346154 frs-core:PlantMachinery 2023-11-30 05346154 frs-core:OtherReservesSubtotal 2024-11-30 05346154 frs-core:RevaluationReserve 2023-12-01 2024-11-30 05346154 frs-core:RevaluationReserve 2023-11-30 05346154 frs-core:RevaluationReserve 2024-11-30 05346154 frs-core:ShareCapital 2024-11-30 05346154 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05346154 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05346154 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05346154 frs-bus:SmallEntities 2023-12-01 2024-11-30 05346154 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05346154 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05346154 frs-bus:Director1 2023-12-01 2024-11-30 05346154 frs-bus:Director2 2023-12-01 2024-11-30 05346154 frs-countries:EnglandWales 2023-12-01 2024-11-30 05346154 2023-01-31 05346154 2023-11-30 05346154 2023-02-01 2023-11-30 05346154 frs-core:CurrentFinancialInstruments 2023-11-30 05346154 frs-core:Non-currentFinancialInstruments 2023-11-30 05346154 frs-core:OtherReservesSubtotal 2023-11-30 05346154 frs-core:RevaluationReserve 2023-11-30 05346154 frs-core:ShareCapital 2023-11-30 05346154 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 05346154
Foster Lomas Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
KP Tax Consultants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05346154
30 November 2024 30 November 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 6 550,000 700,001
550,000 700,001
CURRENT ASSETS
Debtors 7 111,435 111,585
Cash at bank and in hand 510 5,364
111,945 116,949
Creditors: Amounts Falling Due Within One Year 8 (16,195 ) (20,291 )
NET CURRENT ASSETS (LIABILITIES) 95,750 96,658
TOTAL ASSETS LESS CURRENT LIABILITIES 645,750 796,659
Creditors: Amounts Falling Due After More Than One Year 9 (104,141 ) (103,471 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (72,359 ) (109,859 )
NET ASSETS 469,250 583,329
CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 289,436 439,436
Other reserves (72,359 ) (109,859 )
Profit and Loss Account 252,171 253,750
SHAREHOLDERS' FUNDS 469,250 583,329
Page 1
Page 2
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 Greg Lomas
Director
07/08/2025
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
Foster Lomas Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05346154 . The registered office is 6 Bluelion Place, 237 Long Lane, London, SE1 4PU.
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.
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 - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.
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:
Freehold No depreciation
Plant & Machinery 50%
Motor Vehicles 50%
Fixtures & Fittings 50%
Computer Equipment 50%
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Prior Period Adjustment
During the year, we identified an error in the prior year financial statements relating to deferred tax. A deferred tax liability of £109,859, which arose in respect of temporary differences on revalued property, which had not been recognised in the year ended 30/11/23.
In accordance with FRS 102 Section 10 Accounting Policies, Estimates and Errors, the comparative figures have been restated to reflect the correction of this error.
The impact of this adjustment is as follows:
Decrease in net assets at 30//11/23 (£109,859)
Increase in deferred tax liability at 30/11/23 £109,859 
There is no impact on the current year’s profit before tax.
5. Intangible Assets
Other
£
Cost
As at 1 December 2023 2,400
Additions (2,400 )
As at 30 November 2024 -
Amortisation
As at 1 December 2023 2,400
Provided during the period (2,400 )
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
6. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 700,000 15,260 - -
Additions (150,000 ) (15,260 ) 3,320 15,260
As at 30 November 2024 550,000 - 3,320 15,260
Depreciation
As at 1 December 2023 - 15,259 - -
Provided during the period - (15,259 ) 3,320 15,260
As at 30 November 2024 - - 3,320 15,260
Net Book Value
As at 30 November 2024 550,000 - - -
As at 1 December 2023 700,000 1 - -
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 December 2023 - 715,260
Additions 26,482 (120,198 )
As at 30 November 2024 26,482 595,062
Depreciation
As at 1 December 2023 - 15,259
Provided during the period 26,482 29,803
As at 30 November 2024 26,482 45,062
Net Book Value
As at 30 November 2024 - 550,000
As at 1 December 2023 - 700,001
7. Debtors
30 November 2024 30 November 2023
as restated
£ £
Due within one year
Trade debtors 108,000 108,000
Due after more than one year
Amounts owed by group undertakings 3,435 3,585
111,435 111,585
8. Creditors: Amounts Falling Due Within One Year
30 November 2024 30 November 2023
as restated
£ £
Trade creditors 909 1,049
Other creditors 1,571 1,295
Taxation and social security 13,715 17,947
16,195 20,291
9. Creditors: Amounts Falling Due After More Than One Year
30 November 2024 30 November 2023
as restated
£ £
Amounts owed to group undertakings 103,016 102,346
Other creditors 1,125 1,125
104,141 103,471
Page 5
Page 6
10. Share Capital
30 November 2024 30 November 2023
as restated
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Revaluation Reserve
£
As at 1 December 2023 439,436
Surplus on revaluation -
Deficit on revaluation (150,000)
As at 30 November 2024 289,436
Page 6