Acorah Software Products - Accounts Production 19.3.550 false true true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 NI054483 Mrs Edel Quinn Mr Kevin Quinn Mr Kieran Quinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI054483 2024-04-30 NI054483 2025-04-30 NI054483 2024-05-01 2025-04-30 NI054483 frs-core:Non-currentFinancialInstruments 2025-04-30 NI054483 frs-core:BetweenOneFiveYears 2025-04-30 NI054483 frs-core:ComputerEquipment 2024-05-01 2025-04-30 NI054483 frs-core:FurnitureFittings 2024-05-01 2025-04-30 NI054483 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 NI054483 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 NI054483 frs-core:MoreThanFiveYears 2025-04-30 NI054483 frs-core:MotorVehicles 2024-05-01 2025-04-30 NI054483 frs-core:PlantMachinery 2024-05-01 2025-04-30 NI054483 frs-core:ShareCapital 2025-04-30 NI054483 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 NI054483 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 NI054483 frs-bus:AbridgedAccounts 2024-05-01 2025-04-30 NI054483 frs-bus:SmallEntities 2024-05-01 2025-04-30 NI054483 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 NI054483 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 NI054483 frs-bus:Director1 2024-05-01 2025-04-30 NI054483 frs-bus:Director2 2024-05-01 2025-04-30 NI054483 frs-bus:Director3 2024-05-01 2025-04-30 NI054483 frs-countries:NorthernIreland 2024-05-01 2025-04-30 NI054483 2023-04-30 NI054483 2024-04-30 NI054483 2023-05-01 2024-04-30 NI054483 frs-core:Non-currentFinancialInstruments 2024-04-30 NI054483 frs-core:BetweenOneFiveYears 2024-04-30 NI054483 frs-core:MoreThanFiveYears 2024-04-30 NI054483 frs-core:ShareCapital 2024-04-30 NI054483 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: NI054483
Lacranvey Limited
ABRIDGED Financial Statements
For The Year Ended 30 April 2025
DNTCA Ltd
Chartered Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: NI054483
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 490,812 526,328
490,812 526,328
CURRENT ASSETS
Stocks 9,000 9,000
Debtors - 436
Cash at bank and in hand 142,527 91,571
151,527 101,007
Creditors: Amounts Falling Due Within One Year (101,947 ) (72,068 )
NET CURRENT ASSETS (LIABILITIES) 49,580 28,939
TOTAL ASSETS LESS CURRENT LIABILITIES 540,392 555,267
Creditors: Amounts Falling Due After More Than One Year (6,858 ) (21,974 )
NET ASSETS 533,534 533,293
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 533,532 533,291
SHAREHOLDERS' FUNDS 533,534 533,293
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For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Edel Quinn
Director
Mr Kevin Quinn
Director
Mr Kieran Quinn
Director
30 April 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Lacranvey Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI054483 . The registered office is 43 Rowreagh Road, Kircubbin, Down, BT22 1AR.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 2% Straight Line
Leasehold 2% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 10% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
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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 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.
2.7. 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.
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: 33 (2024: 33)
33 33
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4. Interest Payable and Similar Charges
2025 2024
£ £
Bank loans and overdrafts 810 810
5. Tangible Assets
Total
£
Cost
As at 1 May 2024 977,065
Additions 782
As at 30 April 2025 977,847
Depreciation
As at 1 May 2024 450,737
Provided during the period 36,298
As at 30 April 2025 487,035
Net Book Value
As at 30 April 2025 490,812
As at 1 May 2024 526,328
6. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 3,727
Later than five years - 1,551
- 5,278
- 5,278
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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