Acorah Software Products - Accounts Production 19.3.550 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 04941372 G Lorenzini S Lorenzini R Lorenzini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04941372 2024-10-31 04941372 2025-10-31 04941372 2024-11-01 2025-10-31 04941372 frs-core:CurrentFinancialInstruments 2025-10-31 04941372 frs-core:Non-currentFinancialInstruments 2025-10-31 04941372 frs-core:BetweenOneFiveYears 2025-10-31 04941372 frs-core:FurnitureFittings 2025-10-31 04941372 frs-core:FurnitureFittings 2024-11-01 2025-10-31 04941372 frs-core:FurnitureFittings 2024-10-31 04941372 frs-core:NetGoodwill 2025-10-31 04941372 frs-core:NetGoodwill 2024-11-01 2025-10-31 04941372 frs-core:NetGoodwill 2024-10-31 04941372 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-10-31 04941372 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-01 2025-10-31 04941372 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 04941372 frs-core:MotorVehicles 2025-10-31 04941372 frs-core:MotorVehicles 2024-11-01 2025-10-31 04941372 frs-core:MotorVehicles 2024-10-31 04941372 frs-core:WithinOneYear 2025-10-31 04941372 frs-core:ShareCapital 2025-10-31 04941372 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 04941372 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 04941372 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 04941372 frs-bus:SmallEntities 2024-11-01 2025-10-31 04941372 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 04941372 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 04941372 frs-bus:Director1 2024-11-01 2025-10-31 04941372 frs-bus:Director2 2024-11-01 2025-10-31 04941372 frs-bus:Director3 2024-11-01 2025-10-31 04941372 frs-countries:EnglandWales 2024-11-01 2025-10-31 04941372 2023-10-31 04941372 2024-10-31 04941372 2023-11-01 2024-10-31 04941372 frs-core:CurrentFinancialInstruments 2024-10-31 04941372 frs-core:Non-currentFinancialInstruments 2024-10-31 04941372 frs-core:BetweenOneFiveYears 2024-10-31 04941372 frs-core:WithinOneYear 2024-10-31 04941372 frs-core:ShareCapital 2024-10-31 04941372 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 04941372
Lorenzos Restaurant Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04941372
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 83,616 80,214
83,617 80,215
CURRENT ASSETS
Stocks 6 5,200 5,020
Debtors 7 872 6,329
Cash at bank and in hand 20,051 10,638
26,123 21,987
Creditors: Amounts Falling Due Within One Year 8 (80,560 ) (74,016 )
NET CURRENT ASSETS (LIABILITIES) (54,437 ) (52,029 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,180 28,186
Creditors: Amounts Falling Due After More Than One Year 9 (31,090 ) (31,654 )
NET LIABILITIES (1,910 ) (3,468 )
CAPITAL AND RESERVES
Called up share capital 11 4 4
Profit and Loss Account (1,914 ) (3,472 )
SHAREHOLDERS' FUNDS (1,910) (3,468)
Page 1
Page 2
For the year ending 31 October 2025 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
R Lorenzini
Director
14/07/2026
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
Lorenzos Restaurant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04941372 . The registered office is 1a Preston New Road, Freckleton, Lancashire, PR4 1HP.
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 value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Leasehold 5% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 10% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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 stocks.
2.7. 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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: 14 (2024: 9)
14 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 20,000
As at 31 October 2025 20,000
Amortisation
As at 1 November 2024 19,999
As at 31 October 2025 19,999
Net Book Value
As at 31 October 2025 1
As at 1 November 2024 1
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2024 92,628 16,199 80,611 189,438
Additions - 15,550 2,035 17,585
Disposals - - (156 ) (156 )
As at 31 October 2025 92,628 31,749 82,490 206,867
Depreciation
As at 1 November 2024 38,046 16,198 54,980 109,224
Provided during the period 4,632 3,100 6,450 14,182
Disposals - - (155 ) (155 )
As at 31 October 2025 42,678 19,298 61,275 123,251
Net Book Value
As at 31 October 2025 49,950 12,451 21,215 83,616
As at 1 November 2024 54,582 1 25,631 80,214
Page 4
Page 5
6. Stocks
2025 2024
£ £
Stock 5,200 5,020
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 2,653
Other debtors 872 3,676
872 6,329
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,750 -
Trade creditors 8,972 13,974
Bank loans and overdrafts 10,360 13,397
Other creditors 40,930 30,979
Taxation and social security 17,548 15,666
80,560 74,016
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,904 -
Bank loans 21,186 31,654
31,090 31,654
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,750 -
Later than one year and not later than five years 9,904 -
12,654 -
12,654 -
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
Page 5