Acorah Software Products - Accounts Production 19.4.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11531675 Miss A M Hargreaves iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11531675 2023-08-31 11531675 2024-08-31 11531675 2023-09-01 2024-08-31 11531675 frs-core:CurrentFinancialInstruments 2024-08-31 11531675 frs-core:Non-currentFinancialInstruments 2024-08-31 11531675 frs-core:ComputerEquipment 2024-08-31 11531675 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11531675 frs-core:ComputerEquipment 2023-08-31 11531675 frs-core:ShareCapital 2024-08-31 11531675 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11531675 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11531675 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11531675 frs-bus:SmallEntities 2023-09-01 2024-08-31 11531675 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11531675 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11531675 frs-bus:Director1 2023-09-01 2024-08-31 11531675 frs-countries:EnglandWales 2023-09-01 2024-08-31 11531675 2022-08-31 11531675 2023-08-31 11531675 2022-09-01 2023-08-31 11531675 frs-core:CurrentFinancialInstruments 2023-08-31 11531675 frs-core:Non-currentFinancialInstruments 2023-08-31 11531675 frs-core:ShareCapital 2023-08-31 11531675 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11531675
LG Embrey Financial Planning Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11531675
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 294 294
294 294
CURRENT ASSETS
Cash at bank and in hand 81,058 81,058
81,058 81,058
Creditors: Amounts Falling Due Within One Year 5 (14,321 ) (14,321 )
NET CURRENT ASSETS (LIABILITIES) 66,737 66,737
TOTAL ASSETS LESS CURRENT LIABILITIES 67,031 67,031
Creditors: Amounts Falling Due After More Than One Year 6 (4,810 ) (4,810 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (73 ) (73 )
NET ASSETS 62,148 62,148
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 62,048 62,048
SHAREHOLDERS' FUNDS 62,148 62,148
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For the year ending 31 August 2024 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 director acknowledges her 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
Miss A M Hargreaves
Director
4 September 2026
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
LG Embrey Financial Planning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11531675 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
Non-Trading
The company was non-trading for the period covered by these financial statements.
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Computer equipment 25% Straight Line
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.
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: 1 (2023: 1)
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4. Tangible Assets
Computer equipment
£
Cost
As at 1 September 2023 588
As at 31 August 2024 588
Depreciation
As at 1 September 2023 294
As at 31 August 2024 294
Net Book Value
As at 31 August 2024 294
As at 1 September 2023 294
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,360 2,360
Other creditors 1,316 1,316
Taxation and social security 10,645 10,645
14,321 14,321
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,810 4,810
7. Secured Creditors
The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The following related party transactions were undertaken during the year:
During the year the director withdrew £Nil and introduced £Nil. At the balance sheet date the amount payable to the director was £92 (2023: £92).
Dividends were paid to the director in respect of their shareholdings totalling £Nil (2023: £19,250).
The aggregate remuneration paid to key management personnel for the year was £nIL (2023: £6,396).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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