Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 09180987 Mr Timothy Luft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09180987 2024-12-31 09180987 2025-12-31 09180987 2025-01-01 2025-12-31 09180987 frs-core:CurrentFinancialInstruments 2025-12-31 09180987 frs-core:Non-currentFinancialInstruments 2025-12-31 09180987 frs-core:ComputerEquipment 2025-12-31 09180987 frs-core:ComputerEquipment 2025-01-01 2025-12-31 09180987 frs-core:ComputerEquipment 2024-12-31 09180987 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 09180987 frs-core:MotorVehicles 2025-01-01 2025-12-31 09180987 frs-core:PlantMachinery 2025-12-31 09180987 frs-core:PlantMachinery 2025-01-01 2025-12-31 09180987 frs-core:PlantMachinery 2024-12-31 09180987 frs-core:ShareCapital 2025-12-31 09180987 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09180987 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09180987 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 09180987 frs-bus:SmallEntities 2025-01-01 2025-12-31 09180987 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 09180987 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09180987 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 09180987 frs-bus:Director1 2025-01-01 2025-12-31 09180987 frs-bus:Director1 2024-12-31 09180987 frs-bus:Director1 2025-12-31 09180987 frs-countries:EnglandWales 2025-01-01 2025-12-31 09180987 2023-12-31 09180987 2024-12-31 09180987 2024-01-01 2024-12-31 09180987 frs-core:CurrentFinancialInstruments 2024-12-31 09180987 frs-core:Non-currentFinancialInstruments 2024-12-31 09180987 frs-core:ShareCapital 2024-12-31 09180987 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09180987 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31
Registered number: 09180987
Luft Technologies Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09180987
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,934 27,488
Investment Properties 5 57,500 235,000
83,434 262,488
CURRENT ASSETS
Debtors 6 22,363 1,106
Cash at bank and in hand 79,014 20,966
101,377 22,072
Creditors: Amounts Falling Due Within One Year 7 (9,514 ) (27,444 )
NET CURRENT ASSETS (LIABILITIES) 91,863 (5,372 )
TOTAL ASSETS LESS CURRENT LIABILITIES 175,297 257,116
Creditors: Amounts Falling Due After More Than One Year 8 - (43,177 )
NET ASSETS 175,297 213,939
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 6,778 32,113
Profit and Loss Account 167,519 180,826
SHAREHOLDERS' FUNDS 175,297 213,939
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For the year ending 31 December 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 Timothy Luft
Director
24 August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Luft Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09180987 . The registered office is Maxi House, Halesfield 20, Telford, Shropshire, TF7 4QU.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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:
Freehold Not depreciated
Plant & Machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance
Computer Equipment 33% reducing balance
No depreciation is provided on freehold property as the company follows a programme of regular refurbishment, as such the directors feel that any depreciation would result in an understatement of land and buildings.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 January 2025 36,000 3,141 39,141
Additions - 3,000 3,000
As at 31 December 2025 36,000 6,141 42,141
Depreciation
As at 1 January 2025 9,990 1,663 11,653
Provided during the period 3,902 652 4,554
As at 31 December 2025 13,892 2,315 16,207
Net Book Value
As at 31 December 2025 22,108 3,826 25,934
As at 1 January 2025 26,010 1,478 27,488
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5. Investment Property
2025
£
Fair Value
As at 1 January 2025 235,000
Disposals (172,500 )
Revaluations (5,000)
As at 31 December 2025 57,500
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 50,722 202,887
Accumulated depreciation and impairment 3,043 8,115
Carrying amount 47,679 194,772
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 22,363 1,106
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 12,478
Other creditors 9,514 8,302
Taxation and social security - 6,664
9,514 27,444
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 43,177
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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10. Directors Advances, Credits and Guarantees
Included within debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Timothy Luft (456 ) 20,771 - - 20,315
Interest has been charged at 3.75% on the above loan. There were no other conditions attached.
11. Related Party Transactions
Included within other creditors is a balance of £7,514 (2024: £5,896) owed to a company under common control. No interest has been charged on this amount and there were no conditions attached.
Included within other debtors is a balance of £600 (2024: £600) owed by a company under common control. No interest has been charged on this amount and there were no conditions attached.
During the year the company sold 75% of a freehold property to a self-invested personal pension scheme of which a director is a member and beneficiary. The consideration was £172,500 (2024: £nil). The property was sold at market value supported by an independent valuation. No balance remained outstanding at the year end.
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