Acorah Software Products - Accounts Production 14.5.501 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 SC633887 Mr Paul Barry Martin Jesper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC633887 2022-06-30 SC633887 2023-06-30 SC633887 2022-07-01 2023-06-30 SC633887 frs-core:CurrentFinancialInstruments 2023-06-30 SC633887 frs-core:ShareCapital 2023-06-30 SC633887 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC633887 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC633887 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 SC633887 frs-bus:SmallEntities 2022-07-01 2023-06-30 SC633887 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC633887 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC633887 frs-bus:Director1 2022-07-01 2023-06-30 SC633887 frs-bus:Director2 2022-07-01 2023-06-30 SC633887 frs-countries:Scotland 2022-07-01 2023-06-30 SC633887 2021-06-30 SC633887 2022-06-30 SC633887 2021-07-01 2022-06-30 SC633887 frs-core:CurrentFinancialInstruments 2022-06-30 SC633887 frs-core:ShareCapital 2022-06-30 SC633887 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: SC633887
Kudos Partnership Limited
Financial Statements
For The Year Ended 30 June 2023
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: SC633887
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,828,062 2,338,720
Debtors 5 366 4,287
Cash at bank and in hand 1,153 119
2,829,581 2,343,126
Creditors: Amounts Falling Due Within One Year 6 (2,846,068 ) (2,354,152 )
NET CURRENT ASSETS (LIABILITIES) (16,487 ) (11,026 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,487 ) (11,026 )
NET LIABILITIES (16,487 ) (11,026 )
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (16,497 ) (11,036 )
SHAREHOLDERS' FUNDS (16,487) (11,026)
For the year ending 30 June 2023 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 Paul Barry
Director
28th March 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Kudos Partnership Limited is a private company, limited by shares, incorporated in Scotland, registered number SC633887 . The registered office is 19a Wellside Place, Falkirk, FK1 5RL.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Stocks
2023 2022
£ £
Development Land 2,828,062 2,338,720
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 102
Other debtors 360 360
VAT 6 1,399
Directors' loan accounts - 2,426
366 4,287
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 553
Bank loans and overdrafts 2,841,141 2,351,799
Accruals and deferred income 4,800 1,800
Directors' loan accounts 127 -
2,846,068 2,354,152
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 2