Acorah Software Products - Accounts Production 14.5.501 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 07382890 Mr Ben Kingsland Mrs Katie Kingsland Smarter Accounting Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07382890 2022-09-30 07382890 2023-09-30 07382890 2022-10-01 2023-09-30 07382890 frs-core:CurrentFinancialInstruments 2023-09-30 07382890 frs-core:Non-currentFinancialInstruments 2023-09-30 07382890 frs-core:FurnitureFittings 2023-09-30 07382890 frs-core:FurnitureFittings 2022-10-01 2023-09-30 07382890 frs-core:FurnitureFittings 2022-09-30 07382890 frs-core:MotorVehicles 2023-09-30 07382890 frs-core:MotorVehicles 2022-10-01 2023-09-30 07382890 frs-core:MotorVehicles 2022-09-30 07382890 frs-core:PlantMachinery 2023-09-30 07382890 frs-core:PlantMachinery 2022-10-01 2023-09-30 07382890 frs-core:PlantMachinery 2022-09-30 07382890 frs-core:WithinOneYear 2023-09-30 07382890 frs-core:ShareCapital 2023-09-30 07382890 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07382890 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07382890 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 07382890 frs-bus:SmallEntities 2022-10-01 2023-09-30 07382890 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 07382890 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07382890 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 07382890 frs-bus:OrdinaryShareClass1 2023-09-30 07382890 frs-bus:Director1 2022-10-01 2023-09-30 07382890 frs-bus:Director1 2022-09-30 07382890 frs-bus:Director1 2023-09-30 07382890 frs-bus:Director2 2022-10-01 2023-09-30 07382890 frs-bus:Director2 2022-09-30 07382890 frs-bus:Director2 2023-09-30 07382890 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 07382890 1 2022-10-01 2023-09-30 07382890 frs-countries:EnglandWales 2022-10-01 2023-09-30 07382890 2021-09-30 07382890 2022-09-30 07382890 2021-10-01 2022-09-30 07382890 frs-core:CurrentFinancialInstruments 2022-09-30 07382890 frs-core:Non-currentFinancialInstruments 2022-09-30 07382890 frs-core:BetweenOneFiveYears 2022-09-30 07382890 frs-core:MotorVehicles 2021-10-01 2022-09-30 07382890 frs-core:WithinOneYear 2022-09-30 07382890 frs-core:ShareCapital 2022-09-30 07382890 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 07382890 frs-bus:OrdinaryShareClass1 2021-10-01 2022-09-30 07382890 1 2021-10-01 2022-09-30
Registered number: 07382890
Bks (Devon) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07382890
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,258 17,587
17,258 17,587
CURRENT ASSETS
Stocks 5 15,750 15,000
Debtors 6 58,452 60,515
Cash at bank and in hand 4,048 25,713
78,250 101,228
Creditors: Amounts Falling Due Within One Year 7 (73,423 ) (77,434 )
NET CURRENT ASSETS (LIABILITIES) 4,827 23,794
TOTAL ASSETS LESS CURRENT LIABILITIES 22,085 41,381
Creditors: Amounts Falling Due After More Than One Year 8 (17,500 ) (29,599 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,161 ) (4,352 )
NET ASSETS 424 7,430
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 422 7,428
SHAREHOLDERS' FUNDS 424 7,430
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For the year ending 30 September 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 Ben Kingsland
Director
12 April 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bks (Devon) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07382890 . The registered office is 138 High Street, Crediton, EX17 3DX. The principal place of business is Unit 1 Commonmarsh Lane, Crediton, Devon, EX17 1HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% straight line
Fixtures & Fittings 15% straight line
2.4. 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.
2.5. 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.
2.6. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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2.9. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
All Staff 4 4
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2022 12,779 34,333 1,858 48,970
Additions 614 16,250 1,704 18,568
Disposals (2,401 ) (13,800 ) - (16,201 )
As at 30 September 2023 10,992 36,783 3,562 51,337
Depreciation
As at 1 October 2022 6,885 23,467 1,031 31,383
Provided during the period 824 3,359 337 4,520
Disposals (1,707 ) (117 ) - (1,824 )
As at 30 September 2023 6,002 26,709 1,368 34,079
Net Book Value
As at 30 September 2023 4,990 10,074 2,194 17,258
As at 1 October 2022 5,894 10,866 827 17,587
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 7,637 10,183
7,637 10,183
5. Stocks
2023 2022
£ £
Stock 15,750 15,000
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,766 20,172
Prepayments and accrued income 3,848 3,649
Other debtors 19,180 -
Directors' loan accounts 13,424 8,424
52,218 32,245
Due after more than one year
Amounts owed by group undertakings 6,234 28,270
6,234 28,270
58,452 60,515
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,099 2,799
Trade creditors 37,343 25,192
Bank loans and overdrafts 10,652 12,132
Corporation tax 16,885 19,672
Other taxes and social security 815 1,626
VAT 1,957 12,207
Other creditors 3,672 3,806
73,423 77,434
The hired purchased liabilities are secured on the assets to which they relate.
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 2,099
Bank loans 17,500 27,500
17,500 29,599
The hired purchased liabilities are secured on the assets to which they relate.
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,099 2,799
Later than one year and not later than five years - 2,099
2,099 4,898
2,099 4,898
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10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 1,500 1,100
1,500 1,100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mr Ben Kingsland 4,212 36,960 34,460 - 6,712
Mrs Katie Kingsland 4,212 36,960 34,460 - 6,712
The above loan is unsecured, interest free and repayable on demand.
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