Acorah Software Products - Accounts Production 16.6.950 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 05781494 Mr James Viventi Mr Giorgio Viventi Willsher Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05781494 2024-02-29 05781494 2025-02-28 05781494 2024-03-01 2025-02-28 05781494 frs-core:CurrentFinancialInstruments 2025-02-28 05781494 frs-core:Non-currentFinancialInstruments 2025-02-28 05781494 frs-core:FurnitureFittings 2025-02-28 05781494 frs-core:FurnitureFittings 2024-03-01 2025-02-28 05781494 frs-core:FurnitureFittings 2024-02-29 05781494 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 05781494 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 05781494 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 05781494 frs-core:MotorVehicles 2025-02-28 05781494 frs-core:MotorVehicles 2024-03-01 2025-02-28 05781494 frs-core:MotorVehicles 2024-02-29 05781494 frs-core:RevaluationReserve 2024-03-01 2025-02-28 05781494 frs-core:RevaluationReserve 2024-02-29 05781494 frs-core:RevaluationReserve 2025-02-28 05781494 frs-core:ShareCapital 2025-02-28 05781494 frs-core:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 05781494 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-02-29 05781494 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 05781494 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05781494 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 05781494 frs-bus:SmallEntities 2024-03-01 2025-02-28 05781494 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05781494 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 05781494 frs-bus:Director1 2024-03-01 2025-02-28 05781494 frs-bus:Director2 2024-03-01 2025-02-28 05781494 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 05781494 frs-core:CurrentFinancialInstruments 1 2025-02-28 05781494 frs-core:CurrentFinancialInstruments 3 2025-02-28 05781494 frs-core:Non-currentFinancialInstruments 4 2025-02-28 05781494 frs-countries:EnglandWales 2024-03-01 2025-02-28 05781494 2023-02-28 05781494 2024-02-29 05781494 2023-03-01 2024-02-29 05781494 frs-core:CurrentFinancialInstruments 2024-02-29 05781494 frs-core:Non-currentFinancialInstruments 2024-02-29 05781494 frs-core:RevaluationReserve 2024-02-29 05781494 frs-core:ShareCapital 2024-02-29 05781494 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05781494 frs-core:CurrentFinancialInstruments 1 2024-02-29 05781494 frs-core:CurrentFinancialInstruments 3 2024-02-29 05781494 frs-core:Non-currentFinancialInstruments 4 2024-02-29
Registered number: 05781494
Lumia Commercial Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
B&SW Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05781494
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,595,319 7,136,025
5,595,319 7,136,025
CURRENT ASSETS
Debtors 5 274,694 581,317
Cash at bank and in hand 6,423 19,406
281,117 600,723
Creditors: Amounts Falling Due Within One Year 6 (24,919 ) (46,342 )
NET CURRENT ASSETS (LIABILITIES) 256,198 554,381
TOTAL ASSETS LESS CURRENT LIABILITIES 5,851,517 7,690,406
Creditors: Amounts Falling Due After More Than One Year 7 (2,357,516 ) (3,525,894 )
NET ASSETS 3,494,001 4,164,512
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 3,950,000 4,600,000
Profit and Loss Account (456,099 ) (435,588 )
SHAREHOLDERS' FUNDS 3,494,001 4,164,512
Page 1
Page 2
For the year ending 28 February 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.
On behalf of the board
Mr Giorgio Viventi
Director
21/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lumia Commercial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05781494 . The registered office is Toad Hall Cattawade Street, Cattawade, Manningtree, CO11 1RG.
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. 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:
Leasehold Nil
Motor Vehicles 25% Straight Line
Fixtures & Fittings 10% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 March 2024 7,000,000 159,172 93,602 7,252,774
Disposals (1,175,000 ) - - (1,175,000 )
Revaluation (325,000 ) - - (325,000 )
As at 28 February 2025 5,500,000 159,172 93,602 5,752,774
Depreciation
As at 1 March 2024 - 47,307 69,442 116,749
Provided during the period - 38,290 2,416 40,706
As at 28 February 2025 - 85,597 71,858 157,455
Net Book Value
As at 28 February 2025 5,500,000 73,575 21,744 5,595,319
As at 1 March 2024 7,000,000 111,865 24,160 7,136,025
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 115,272
Prepayments and accrued income 8,162 8,162
Other debtors - staff loans 6,141 6,141
Amounts owed by connected company 260,391 451,742
274,694 581,317
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,804 43,474
VAT 2,715 985
Other creditors - (1 )
Accruals and deferred income 2,400 1,884
24,919 46,342
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,269,674 3,411,267
Other creditors (4) 87,842 114,627
2,357,516 3,525,894
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 March 2024 4,600,000 (435,588 )
Loss for year - (20,511)
Deficit on revaluation (325,000) -
Other comprehensive income for the year (325,000 ) -
Total comprehensive income for the year (325,000) (20,511 )
Transfer to/from Profit & Loss Account (325,000 ) -
As at 28 February 2025 3,950,000 (456,099 )
Page 4