Acorah Software Products - Accounts Production 12.4.002 false 11 December 2020 31 December 2021 31 December 2021 13077427 Mr JIACHENG BAO Mrs KEYING MA iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13077427 2020-12-10 13077427 2021-12-31 13077427 2020-12-11 2021-12-31 13077427 frs-core:CurrentFinancialInstruments 2021-12-31 13077427 frs-core:CurrentFinancialInstruments 2020-12-11 2021-12-31 13077427 frs-core:Non-currentFinancialInstruments 2021-12-31 13077427 frs-core:Non-currentFinancialInstruments 2020-12-11 2021-12-31 13077427 frs-core:CurrentFinancialInstruments 2020-12-11 2021-12-31 13077427 frs-core:CurrentFinancialInstruments 2021-12-31 13077427 frs-core:AfterOneYear 2020-12-11 2021-12-31 13077427 frs-core:BetweenOneFiveYears 2020-12-11 2021-12-31 13077427 frs-core:BetweenOneFiveYears 2021-12-31 13077427 frs-core:ComputerEquipment 2021-12-31 13077427 frs-core:ComputerEquipment 2020-12-11 2021-12-31 13077427 frs-core:ComputerEquipment 2020-12-10 13077427 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Registered number: 13077427
KYM CATERING LTD
Unaudited Financial Statements
For the Period 11 December 2020 to 31 December 2021
LABAIT PROFESSIONALS LIMITED

Institute of Financial Accountants

Unit 1
17 Castle Street
Chester
England
CH1 2DS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13077427
31 December 2021
Notes £ £
FIXED ASSETS
Tangible Assets 3 6,980
6,980
CURRENT ASSETS
Debtors 4 6,929
Cash at bank and in hand 702
7,631
Creditors: Amounts Falling Due Within One Year 5 (15,042 )
NET CURRENT ASSETS (LIABILITIES) (7,411 )
TOTAL ASSETS LESS CURRENT LIABILITIES (431 )
NET LIABILITIES (431 )
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account (432 )
SHAREHOLDERS' FUNDS (431)
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Page 2
For the period ending 31 December 2021 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 JIACHENG BAO
Director
07/09/2022
The notes on pages 3 to 5 form part of these financial statements.
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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 25% Straight Line
Fixtures & Fittings 25% Straight Line
1.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments FRS 102' to all of its financial instrument.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liability are offset, with the net amounts present in the financial statements, when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balance, and initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instrument are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4
4
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3. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 11 December 2020 - - -
Additions 6,102 2,368 8,470
As at 31 December 2021 6,102 2,368 8,470
Depreciation
As at 11 December 2020 - - -
Provided during the period 1,010 480 1,490
As at 31 December 2021 1,010 480 1,490
Net Book Value
As at 31 December 2021 5,092 1,888 6,980
As at 11 December 2020 - - -
4. Debtors
31 December 2021
£
Due within one year
Other debtors 6,597
VAT 332
6,929
5. Creditors: Amounts Falling Due Within One Year
31 December 2021
£
Trade creditors 1,182
Other taxes and social security 1,053
Net wages 2,110
Other creditors 80
Directors' loan accounts 10,617
15,042
6. Share Capital
31 December 2021
Allotted, Called up and fully paid 1
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7. Related Party Transactions
Other debtors include a current account balance of £3,000 due from KYM ENTERTAINMENT LTD on 31 December 2021. The balance is repayable on demand and relates to KYM CATERING LTD. The balance was fully repaid within 12 months of the year end 31 December 2021. The average interest rate applicable to current account was 0%.
KYM ENTERTAINMENT LTDRelated Party£3000

KYM ENTERTAINMENT LTD

Related Party

£3000

8. General Information
KYM CATERING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13077427 . The registered office is 42a Gas Street, Mix Cafe & Florist, Birmingham, B1 2JT.
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