Acorah Software Products - Accounts Production 6.9.025 false 27 January 2017 30 June 2018 30 June 2018 10588427 Mr Krzysztof Sitek iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10588427 2017-01-26 10588427 2018-06-30 10588427 2017-01-27 2018-06-30 10588427 frs-core:CurrentFinancialInstruments 2018-06-30 10588427 frs-core:CurrentFinancialInstruments 2017-01-27 2018-06-30 10588427 frs-core:Non-currentFinancialInstruments 2018-06-30 10588427 frs-core:Non-currentFinancialInstruments 2017-01-27 2018-06-30 10588427 frs-core:CurrentFinancialInstruments 2017-01-27 2018-06-30 10588427 frs-core:CurrentFinancialInstruments 2018-06-30 10588427 frs-core:AfterOneYear 2017-01-27 2018-06-30 10588427 frs-core:BetweenOneFiveYears 2017-01-27 2018-06-30 10588427 frs-core:BetweenOneFiveYears 2018-06-30 10588427 frs-core:ComputerEquipment 2018-06-30 10588427 frs-core:ComputerEquipment 2017-01-27 2018-06-30 10588427 frs-core:ComputerEquipment 2017-01-26 10588427 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Registered number: 10588427
KP Steel Craft Ltd
Unaudited Financial Statements
For the Period 27 January 2017 to 30 June 2018
AP Accounting Solutions Ltd

The Mill House
Erw Hir
Llantrisant
Pontyclun
CF72 8BY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Balance Sheet
Registered number: 10588427
Period to 30 June 2018
Notes £ £
FIXED ASSETS
Tangible Assets 3 4,036
4,036
CURRENT ASSETS
Stocks 4 2,114
Cash at bank and in hand 1,797
3,911
Creditors: Amounts Falling Due Within One Year 5 (13,915 )
NET CURRENT ASSETS (LIABILITIES) (10,004 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,968 )
NET ASSETS (5,968 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (6,068 )
SHAREHOLDERS' FUNDS (5,968)
Page 1
For the period ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 Krzysztof Sitek
10/11/2018

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Plant & Machinery 15% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 15% Straight Line
1.4. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
Period to 30 June 2018
Sales, marketing and distribution 1
1
Page 3
3. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 27 January 2017 - - - -
Additions 2,172 3,000 224 5,396
As at 30 June 2018 2,172 3,000 224 5,396
Depreciation
As at 27 January 2017 - - - -
Provided during the period 462 850 48 1,360
As at 30 June 2018 462 850 48 1,360
Net Book Value
As at 30 June 2018 1,710 2,150 176 4,036
As at 27 January 2017 - - - -
4. Stocks
Period to 30 June 2018
£
Stock - materials 2,114
2,114
5. Creditors: Amounts Falling Due Within One Year
Period to 30 June 2018
£
Trade creditors 1,983
Other taxes and social security 84
Directors' loan accounts 11,848
13,915
6. Share Capital
Period to 30 June 2018
Allotted, Called up and fully paid 100
Page 4
7. Related Party Transactions
Mr Krzysztof SitekDirectorIncluded within creditors is a balance of £11,848 owed to the director.This amount is interest free and repayable on demand.

Mr Krzysztof Sitek

Director

Included within creditors is a balance of £11,848 owed to the director.This amount is interest free and repayable on demand.

8. General Information
KP Steel Craft Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10588427. The registered office is 5 Martindale Close, Tredegar, NP22 3HX.
Page 5