Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 05718306 Mr Robert Viola Joely Viola iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05718306 2025-03-31 05718306 2026-03-31 05718306 2025-04-01 2026-03-31 05718306 frs-core:CurrentFinancialInstruments 2026-03-31 05718306 frs-core:Non-currentFinancialInstruments 2026-03-31 05718306 frs-core:ComputerEquipment 2026-03-31 05718306 frs-core:ComputerEquipment 2025-04-01 2026-03-31 05718306 frs-core:ComputerEquipment 2025-03-31 05718306 frs-core:FurnitureFittings 2026-03-31 05718306 frs-core:FurnitureFittings 2025-04-01 2026-03-31 05718306 frs-core:FurnitureFittings 2025-03-31 05718306 frs-core:NetGoodwill 2026-03-31 05718306 frs-core:NetGoodwill 2025-04-01 2026-03-31 05718306 frs-core:NetGoodwill 2025-03-31 05718306 frs-core:MotorVehicles 2026-03-31 05718306 frs-core:MotorVehicles 2025-04-01 2026-03-31 05718306 frs-core:MotorVehicles 2025-03-31 05718306 frs-core:PlantMachinery 2026-03-31 05718306 frs-core:PlantMachinery 2025-04-01 2026-03-31 05718306 frs-core:PlantMachinery 2025-03-31 05718306 frs-core:ShareCapital 2026-03-31 05718306 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 05718306 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 05718306 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 05718306 frs-bus:SmallEntities 2025-04-01 2026-03-31 05718306 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 05718306 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 05718306 frs-bus:Director1 2025-04-01 2026-03-31 05718306 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 05718306 frs-countries:EnglandWales 2025-04-01 2026-03-31 05718306 2024-03-31 05718306 2025-03-31 05718306 2024-04-01 2025-03-31 05718306 frs-core:CurrentFinancialInstruments 2025-03-31 05718306 frs-core:Non-currentFinancialInstruments 2025-03-31 05718306 frs-core:ShareCapital 2025-03-31 05718306 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 05718306
Lv Scientific Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Harrisons Accountancy Ltd
Harrison House Sheep Walk
Langford Road
Biggleswade
Bedfordshire
SG18 9RB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05718306
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 13,002 12,169
13,002 12,169
CURRENT ASSETS
Stocks 6 25,000 9,800
Debtors 7 160,189 183,529
Cash at bank and in hand 286,520 284,709
471,709 478,038
Creditors: Amounts Falling Due Within One Year 8 (246,061 ) (219,181 )
NET CURRENT ASSETS (LIABILITIES) 225,648 258,857
TOTAL ASSETS LESS CURRENT LIABILITIES 238,650 271,026
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,518 ) (2,312 )
NET ASSETS 236,132 268,714
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 236,032 268,614
SHAREHOLDERS' FUNDS 236,132 268,714
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Page 2
For the year ending 31 March 2026 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 Robert Viola
Director
18/08/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Lv Scientific Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05718306 . The registered office is 4 Mercury House Calleva Park, Aldermaston, Reading, RG7 8PN.
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. 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 the profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 7)
5 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 30,000
As at 31 March 2026 30,000
Amortisation
As at 1 April 2025 30,000
As at 31 March 2026 30,000
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 525 34,294 4,623 1,500 40,942
Additions - 5,500 - - 5,500
Disposals - (1,200 ) - - (1,200 )
As at 31 March 2026 525 38,594 4,623 1,500 45,242
Depreciation
As at 1 April 2025 504 22,245 4,623 1,401 28,773
Provided during the period 5 4,303 - 25 4,333
Disposals - (866 ) - - (866 )
As at 31 March 2026 509 25,682 4,623 1,426 32,240
Net Book Value
As at 31 March 2026 16 12,912 - 74 13,002
As at 1 April 2025 21 12,049 - 99 12,169
6. Stocks
2026 2025
£ £
Stock 25,000 9,800
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 14,866 19,191
Prepayments and accrued income 21,115 22,576
Other debtors 10,630 10,343
Corporation tax recoverable assets 29,512 37,530
76,123 89,640
Due after more than one year
Other debtors 84,066 93,889
160,189 183,529
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 19,279 32,710
Corporation tax 3,998 10,545
Other taxes and social security 2,617 3,221
VAT 10,364 13,251
Other creditors 449 449
Accruals and deferred income 199,698 148,268
Director's loan account 9,656 10,737
246,061 219,181
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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