Acorah Software Products - Accounts Production 19.4.300 false true 28 February 2025 29 February 2024 false 1 March 2025 28 February 2026 28 February 2026 07768574 Mr Asad Ali Mr S Razaq Mr Khizer Mohammad QURESHI Mr Shakeel Bashir Mr Mohammed Akram Mr Mohammed Seedat Mr S Razaq iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07768574 2025-02-28 07768574 2026-02-28 07768574 2025-03-01 2026-02-28 07768574 frs-core:CurrentFinancialInstruments 2026-02-28 07768574 frs-core:Non-currentFinancialInstruments 2026-02-28 07768574 frs-core:FurnitureFittings 2025-03-01 2026-02-28 07768574 frs-core:NetGoodwill 2026-02-28 07768574 frs-core:NetGoodwill 2025-03-01 2026-02-28 07768574 frs-core:NetGoodwill 2025-02-28 07768574 frs-core:MotorVehicles 2026-02-28 07768574 frs-core:MotorVehicles 2025-03-01 2026-02-28 07768574 frs-core:MotorVehicles 2025-02-28 07768574 frs-core:PlantMachinery 2026-02-28 07768574 frs-core:PlantMachinery 2025-03-01 2026-02-28 07768574 frs-core:PlantMachinery 2025-02-28 07768574 frs-core:ShareCapital 2026-02-28 07768574 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 07768574 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 07768574 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 07768574 frs-bus:SmallEntities 2025-03-01 2026-02-28 07768574 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 07768574 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 07768574 frs-bus:Director1 2025-03-01 2026-02-28 07768574 frs-bus:Director2 2025-03-01 2026-02-28 07768574 frs-bus:Director3 2025-03-01 2026-02-28 07768574 frs-bus:Director4 2025-03-01 2026-02-28 07768574 frs-bus:Director5 2025-03-01 2026-02-28 07768574 frs-bus:Director6 2025-03-01 2026-02-28 07768574 frs-bus:CompanySecretary1 2025-03-01 2026-02-28 07768574 frs-countries:EnglandWales 2025-03-01 2026-02-28 07768574 2024-02-28 07768574 2025-02-28 07768574 2024-02-29 2025-02-28 07768574 frs-core:CurrentFinancialInstruments 2025-02-28 07768574 frs-core:Non-currentFinancialInstruments 2025-02-28 07768574 frs-core:ShareCapital 2025-02-28 07768574 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 07768574
L&P 242 Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07768574
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 62,858 72,808
Tangible Assets 5 7,562 9,454
70,420 82,262
CURRENT ASSETS
Stocks 6 25,146 27,627
Debtors 7 365,132 342,521
Cash at bank and in hand 79,641 211,538
469,919 581,686
Creditors: Amounts Falling Due Within One Year 8 (245,577 ) (305,598 )
NET CURRENT ASSETS (LIABILITIES) 224,342 276,088
TOTAL ASSETS LESS CURRENT LIABILITIES 294,762 358,350
Creditors: Amounts Falling Due After More Than One Year 9 (70,810 ) (70,810 )
NET ASSETS 223,952 287,540
CAPITAL AND RESERVES
Called up share capital 11 102 100
Profit and Loss Account 223,850 287,440
SHAREHOLDERS' FUNDS 223,952 287,540
Page 1
Page 2
For the year ending 28 February 2026 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
Mr S Razaq
Director
21/05/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
L&P 242 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07768574 . The registered office is 21 FREEDOM ROAD, SHEFFIELD, S6 2XA.
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 Financial Reporting Standard for Smaller Entities (effective April 2008).
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 profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on 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.
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2025: 35)
24 35
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2025 199,000
As at 28 February 2026 199,000
Amortisation
As at 1 March 2025 126,192
Provided during the period 9,950
As at 28 February 2026 136,142
Net Book Value
As at 28 February 2026 62,858
As at 1 March 2025 72,808
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2025 51,270 6,275 57,545
As at 28 February 2026 51,270 6,275 57,545
Depreciation
As at 1 March 2025 42,869 5,222 48,091
Provided during the period 1,681 211 1,892
As at 28 February 2026 44,550 5,433 49,983
Net Book Value
As at 28 February 2026 6,720 842 7,562
As at 1 March 2025 8,401 1,053 9,454
6. Stocks
2026 2025
£ £
Finished goods 25,146 27,627
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Page 5
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 293,361 269,172
Other debtors 54,246 54,246
VAT 17,525 19,103
365,132 342,521
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 168,663 225,536
Corporation tax 40,778 34,308
Other taxes and social security 5,399 4,700
Other creditors 30,737 41,054
245,577 305,598
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 70,810 70,810
10. Deferred Taxation
The provision for deferred tax is made up as follows:
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 102 100
Page 5