Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 true No description of principal activity 1 August 2022 31 July 2023 31 July 2023 07678482 Mr Stephen Smith Mr Shaun Knight Mr Stephen Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07678482 2022-07-31 07678482 2023-07-31 07678482 2022-08-01 2023-07-31 07678482 frs-core:CurrentFinancialInstruments 2023-07-31 07678482 frs-core:Non-currentFinancialInstruments 2023-07-31 07678482 frs-core:ComputerEquipment 2023-07-31 07678482 frs-core:ComputerEquipment 2022-08-01 2023-07-31 07678482 frs-core:ComputerEquipment 2022-07-31 07678482 frs-core:FurnitureFittings 2022-08-01 2023-07-31 07678482 frs-core:NetGoodwill 2023-07-31 07678482 frs-core:NetGoodwill 2022-08-01 2023-07-31 07678482 frs-core:NetGoodwill 2022-07-31 07678482 frs-core:PlantMachinery 2023-07-31 07678482 frs-core:PlantMachinery 2022-08-01 2023-07-31 07678482 frs-core:PlantMachinery 2022-07-31 07678482 frs-core:WithinOneYear 2023-07-31 07678482 frs-core:ShareCapital 2023-07-31 07678482 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 07678482 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07678482 frs-bus:FullAccounts 2022-08-01 2023-07-31 07678482 frs-bus:SmallEntities 2022-08-01 2023-07-31 07678482 frs-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07678482 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07678482 frs-bus:SmallCompaniesRegimeForDirectorsReport 2022-08-01 2023-07-31 07678482 frs-bus:Director1 2022-08-01 2023-07-31 07678482 frs-bus:Director2 2022-08-01 2023-07-31 07678482 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 07678482 frs-core:CurrentFinancialInstruments 4 2023-07-31 07678482 frs-countries:EnglandWales 2022-08-01 2023-07-31 07678482 2021-07-31 07678482 2022-07-31 07678482 2021-08-01 2022-07-31 07678482 frs-core:CurrentFinancialInstruments 2022-07-31 07678482 frs-core:Non-currentFinancialInstruments 2022-07-31 07678482 frs-core:WithinOneYear 2022-07-31 07678482 frs-core:ShareCapital 2022-07-31 07678482 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 07678482 frs-core:CurrentFinancialInstruments 4 2022-07-31
Registered number: 07678482
S & K Installations Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 July 2023
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—10
Page 1
Company Information
Directors Mr Stephen Smith
Mr Shaun Knight
Secretary Mr Stephen Smith
Company Number 07678482
Registered Office 14 Winsford Gardens
Westcliff-On-Sea
Essex
SS0 0DP
Accountants Julie Walker Accountancy Services Ltd
FCCA
21a Link Way
Hornchurch
RM11 3RN
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 July 2023.
Directors
The directors who held office during the year were as follows:
Mr Stephen Smith
Mr Shaun Knight
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Stephen Smith
Director
15/03/2024
Page 2
Page 3
Accountant's Report
In accordance with the engagement letter dated 04 October 2023, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 July 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Julie Walker
15/03/2024
Julie Walker Accountancy Services Ltd
FCCA
21a Link Way
Hornchurch
RM11 3RN
Page 3
Page 4
Profit and Loss Account
2023 2022
Notes £ £
TURNOVER 335,306 343,322
Cost of sales (23,893 ) (8,780 )
GROSS PROFIT 311,413 334,542
Administrative expenses (230,739 ) (237,385 )
OPERATING PROFIT 80,674 97,157
Profit on disposal of fixed assets 6,735 2,000
Other interest receivable and similar income 274 10
Interest payable and similar charges - (868 )
PROFIT BEFORE TAXATION 87,683 98,299
Tax on Profit (18,865 ) (14,244 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 68,818 84,055
The notes on pages 7 to 10 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 34,308 55,430
34,308 55,430
CURRENT ASSETS
Stocks 6 16,608 23,900
Debtors 7 27,543 23,132
Cash at bank and in hand 85,287 54,347
129,438 101,379
Creditors: Amounts Falling Due Within One Year 8 (82,135 ) (86,691 )
NET CURRENT ASSETS (LIABILITIES) 47,303 14,688
TOTAL ASSETS LESS CURRENT LIABILITIES 81,611 70,118
Creditors: Amounts Falling Due After More Than One Year 9 (22,682 ) (30,775 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,985 ) (10,217 )
NET ASSETS 51,944 29,126
CAPITAL AND RESERVES
Called up share capital 11 250 250
Profit and Loss Account 51,694 28,876
SHAREHOLDERS' FUNDS 51,944 29,126
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Page 6
For the year ending 31 July 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Stephen Smith
Director
15/03/2024
The notes on pages 7 to 10 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
S & K Installations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07678482 . The registered office is 14 Winsford Gardens, Westcliff-On-Sea, Essex, SS0 0DP.
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. 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 .... years.
2.4. 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 straight line over 5 years
Fixtures & Fittings straight line over 5 years
Computer Equipment straight line over 2 years
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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.
2.7. 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 years 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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: )
8 -
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 20,000
As at 31 July 2023 20,000
Amortisation
As at 1 August 2022 20,000
As at 31 July 2023 20,000
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 88,072 - 88,072
Additions 632 909 1,541
Disposals (19,158 ) - (19,158 )
As at 31 July 2023 69,546 909 70,455
Depreciation
As at 1 August 2022 32,642 - 32,642
Provided during the period 15,742 455 16,197
Disposals (12,692 ) - (12,692 )
As at 31 July 2023 35,692 455 36,147
Net Book Value
As at 31 July 2023 33,854 454 34,308
As at 1 August 2022 55,430 - 55,430
6. Stocks
2023 2022
£ £
Stock 5,000 10,000
Work in progress 11,608 13,900
16,608 23,900
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,543 23,132
27,543 23,132
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 15,128 28,467
Trade creditors - (1 )
Bank loans and overdrafts 609 1,331
Corporation tax 22,097 6,680
Other taxes and social security 1,415 2,020
VAT 15,630 2,856
Net wages 10,003 8,945
Other creditors (4) 491 436
Accruals and deferred income 2,413 2,213
Directors' loan accounts 14,349 33,744
82,135 86,691
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 22,682 30,775
22,682 30,775
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,128 28,467
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 250 250
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