Acorah Software Products - Accounts Production 16.6.950 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 05037622 L Lowe P J Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05037622 2024-02-29 05037622 2025-02-28 05037622 2024-03-01 2025-02-28 05037622 frs-core:CurrentFinancialInstruments 2025-02-28 05037622 frs-core:Non-currentFinancialInstruments 2025-02-28 05037622 frs-core:ComputerEquipment 2024-03-01 2025-02-28 05037622 frs-core:FurnitureFittings 2024-03-01 2025-02-28 05037622 frs-core:PlantMachinery 2025-02-28 05037622 frs-core:PlantMachinery 2024-03-01 2025-02-28 05037622 frs-core:PlantMachinery 2024-02-29 05037622 frs-core:ShareCapital 2025-02-28 05037622 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 05037622 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05037622 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 05037622 frs-bus:SmallEntities 2024-03-01 2025-02-28 05037622 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05037622 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 05037622 frs-bus:Director1 2024-03-01 2025-02-28 05037622 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 05037622 frs-countries:EnglandWales 2024-03-01 2025-02-28 05037622 2023-02-28 05037622 2024-02-29 05037622 2023-03-01 2024-02-29 05037622 frs-core:CurrentFinancialInstruments 2024-02-29 05037622 frs-core:Non-currentFinancialInstruments 2024-02-29 05037622 frs-core:ShareCapital 2024-02-29 05037622 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 05037622
Lorna Lowe Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
PKW Accountancy Limited
Second Floor
1 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE
Lorna Lowe Limited
Contents
Contents

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

Page 1
Lorna Lowe Limited
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 05037622

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,280 |  | 3,545
Investment Properties | 5 |  | 472,821 |  | 472,821
|  |  | 476,101 |  | 476,366
CURRENT ASSETS
Stocks |  | 136,169 |  | 99,214 |
Debtors | 6 | 42,832 |  | 67,535 |
Cash at bank and in hand |  | 29,574 |  | 68,950 |
|  | 208,575 |  | 235,699 |
Creditors: Amounts Falling Due Within One Year | 7 | (409,398 ) |  | (449,200 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (200,823 ) |  | (213,501 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 275,278 |  | 262,865
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (2,000 ) |  | (10,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (623 ) |  | (674 )
NET ASSETS |  |  | 272,655 |  | 252,191
CAPITAL AND RESERVES
Called up share capital | 10 |  | 3 |  | 3
Profit and Loss Account |  |  | 272,652 |  | 252,188
SHAREHOLDERS' FUNDS |  |  | 272,655 |  | 252,191

Page 1
Page 2
Lorna Lowe Limited
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 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 her 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.
The financial statements were approved by the board of directors on 20 November 2025 and were signed on its behalf by:

L Lowe Director
20th November 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Lorna Lowe Limited
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Lorna Lowe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05037622 . The registered office is Second Floor, 1 Church Square, Leighton Buzzard, Bedfordshire, LU7 1AE.
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.
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 | 15% straight line
Fixtures & Fittings | 15% straight line
Computer Equipment | 25% straight line

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
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.
Page 3
Page 4
Lorna Lowe Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets

| Plant & Machinery etc.
--- | ---
| £
Cost
As at 1 March 2024 | 10,542
Additions | 458
As at 28 February 2025 | 11,000
Depreciation
As at 1 March 2024 | 6,997
Provided during the period | 723
As at 28 February 2025 | 7,720
Net Book Value
As at 28 February 2025 | 3,280
As at 1 March 2024 | 3,545

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 March 2024 and 28 February 2025 | 472,821

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | - |  | 472,821

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 32,126 |  | 45,901
Other debtors | 10,706 |  | 21,634
| 42,832 |  | 67,535

Page 4
Page 5
Lorna Lowe Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 130,218 |  | 73,063
Bank loans and overdrafts | 8,000 |  | 8,000
Other creditors | 265,662 |  | 353,540
Taxation and social security | 5,518 |  | 14,597
| 409,398 |  | 449,200

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 2,000 |  | 10,000

9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 623 |  | 674

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 3 |  | 3

Page 5