Acorah Software Products - Accounts Production 16.6.950 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 12008673 J D O'Kane C I O'Kane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12008673 2024-05-31 12008673 2025-05-31 12008673 2024-06-01 2025-05-31 12008673 frs-core:CurrentFinancialInstruments 2025-05-31 12008673 frs-core:ComputerEquipment 2025-05-31 12008673 frs-core:ComputerEquipment 2024-06-01 2025-05-31 12008673 frs-core:ComputerEquipment 2024-05-31 12008673 frs-core:PlantMachinery 2025-05-31 12008673 frs-core:PlantMachinery 2024-06-01 2025-05-31 12008673 frs-core:PlantMachinery 2024-05-31 12008673 frs-core:ShareCapital 2025-05-31 12008673 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 12008673 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 12008673 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 12008673 frs-bus:SmallEntities 2024-06-01 2025-05-31 12008673 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 12008673 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 12008673 frs-bus:Director1 2024-06-01 2025-05-31 12008673 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 12008673 frs-countries:EnglandWales 2024-06-01 2025-05-31 12008673 2023-05-31 12008673 2024-05-31 12008673 2023-06-01 2024-05-31 12008673 frs-core:CurrentFinancialInstruments 2024-05-31 12008673 frs-core:ShareCapital 2024-05-31 12008673 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 12008673
O'Kane Lavers Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12008673
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,215 1,894
1,215 1,894
CURRENT ASSETS
Stocks 5 215 534
Debtors 6 1,074 13,929
Cash at bank and in hand 50,927 26,516
52,216 40,979
Creditors: Amounts Falling Due Within One Year 7 (6,870 ) (2,765 )
NET CURRENT ASSETS (LIABILITIES) 45,346 38,214
TOTAL ASSETS LESS CURRENT LIABILITIES 46,561 40,108
PROVISIONS FOR LIABILITIES
Deferred Taxation (231 ) (360 )
NET ASSETS 46,330 39,748
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 46,329 39,747
SHAREHOLDERS' FUNDS 46,330 39,748
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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 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
J D O'Kane
Director
29 October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
O'Kane Lavers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12008673 . The registered office is Avaland House, 110 London Road, Hemel Hempstead, Hertfordshire, HP3 9SD.
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, excluding discounts, rebates, value added tax and other sales taxes. 
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 10% on cost
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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2.6. Pensions
The company contributes towards employees defined contribution pension schemes. Contributions payable to employees' pension schemes are charged to the profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2024 1,109 2,272 3,381
As at 31 May 2025 1,109 2,272 3,381
Depreciation
As at 1 June 2024 337 1,150 1,487
Provided during the period 111 568 679
As at 31 May 2025 448 1,718 2,166
Net Book Value
As at 31 May 2025 661 554 1,215
As at 1 June 2024 772 1,122 1,894
5. Stocks
2025 2024
£ £
Stock 215 534
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 540 -
Prepayments and accrued income 513 -
Deferred tax current asset - 4,941
Net wages 21 -
Director's loan account - 8,988
1,074 13,929
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 2,403 -
Other taxes and social security 25 6
VAT 1,350 923
Other creditors 36 36
Accruals and deferred income 2,100 1,800
Director's loan account 956 -
6,870 2,765
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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