Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 May 2023 false 1 April 2024 31 March 2025 31 March 2025 04860618 Mr Vishal Chandnani Mr Vishal Chandnani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04860618 2024-03-31 04860618 2025-03-31 04860618 2024-04-01 2025-03-31 04860618 frs-core:CurrentFinancialInstruments 2025-03-31 04860618 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04860618 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04860618 frs-core:LandBuildings 2025-03-31 04860618 frs-core:LandBuildings 2024-04-01 2025-03-31 04860618 frs-core:LandBuildings 2024-03-31 04860618 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 04860618 frs-core:PlantMachinery 2025-03-31 04860618 frs-core:PlantMachinery 2024-04-01 2025-03-31 04860618 frs-core:PlantMachinery 2024-03-31 04860618 frs-core:ShareCapital 2025-03-31 04860618 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04860618 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04860618 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04860618 frs-bus:SmallEntities 2024-04-01 2025-03-31 04860618 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04860618 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04860618 frs-bus:Director1 2024-04-01 2025-03-31 04860618 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04860618 frs-countries:EnglandWales 2024-04-01 2025-03-31 04860618 2023-04-30 04860618 2024-03-31 04860618 2023-05-01 2024-03-31 04860618 frs-core:CurrentFinancialInstruments 2024-03-31 04860618 frs-core:ShareCapital 2024-03-31 04860618 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04860618
Lower Green Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04860618
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 295,020 227,401
295,020 227,401
CURRENT ASSETS
Debtors 5 592,398 107,810
Cash at bank and in hand 326,554 429,803
918,952 537,613
Creditors: Amounts Falling Due Within One Year 6 (289,890 ) (62,147 )
NET CURRENT ASSETS (LIABILITIES) 629,062 475,466
TOTAL ASSETS LESS CURRENT LIABILITIES 924,082 702,867
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,908 ) -
NET ASSETS 897,174 702,867
CAPITAL AND RESERVES
Called up share capital 7 110 110
Profit and Loss Account 897,064 702,757
SHAREHOLDERS' FUNDS 897,174 702,867
Page 1
Page 2
For the year ending 31 March 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
Mr Vishal Chandnani
Director
19 June 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
Lower Green Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04860618 . The registered office is First Floor, 244 Edgware Road, London, W2 1DS.
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:
Leasehold 2% Straight Line Method for depreciation
Plant & Machinery 20% Written Down Value (WDV) method
Fixtures & Fittings 20% Written Down Value (WDV) method
Computer Equipment 20% Written Down Value (WDV) method
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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: 25 (2024: 26)
25 26
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2024 227,034 61,912 288,946
Additions - 98,351 98,351
As at 31 March 2025 227,034 160,263 387,297
Depreciation
As at 1 April 2024 35,822 25,723 61,545
Provided during the period 3,825 26,907 30,732
As at 31 March 2025 39,647 52,630 92,277
Net Book Value
As at 31 March 2025 187,387 107,633 295,020
As at 1 April 2024 191,212 36,189 227,401
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5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 17,772 -
Other debtors 574,626 107,810
592,398 107,810
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Other creditors 225,879 62,147
Taxation and social security 64,011 -
289,890 62,147
7. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 110 110
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