Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13161553 Mr Kevin Eastman Mr Alex Lancaster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13161553 2023-01-31 13161553 2024-01-31 13161553 2023-02-01 2024-01-31 13161553 frs-core:CurrentFinancialInstruments 2024-01-31 13161553 frs-core:ComputerEquipment 2024-01-31 13161553 frs-core:ComputerEquipment 2023-02-01 2024-01-31 13161553 frs-core:ComputerEquipment 2023-01-31 13161553 frs-core:FurnitureFittings 2024-01-31 13161553 frs-core:FurnitureFittings 2023-02-01 2024-01-31 13161553 frs-core:FurnitureFittings 2023-01-31 13161553 frs-core:ShareCapital 2024-01-31 13161553 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13161553 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13161553 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13161553 frs-bus:SmallEntities 2023-02-01 2024-01-31 13161553 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13161553 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13161553 frs-bus:Director1 2023-02-01 2024-01-31 13161553 frs-bus:Director2 2023-02-01 2024-01-31 13161553 frs-core:CurrentFinancialInstruments 1 2024-01-31 13161553 frs-countries:EnglandWales 2023-02-01 2024-01-31 13161553 2022-01-31 13161553 2023-01-31 13161553 2022-02-01 2023-01-31 13161553 frs-core:CurrentFinancialInstruments 2023-01-31 13161553 frs-core:ShareCapital 2023-01-31 13161553 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 13161553 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 13161553
Kingswood Developments Brighton Road Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13161553
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,026 850
1,026 850
CURRENT ASSETS
Stocks 5 19,809 -
Debtors 6 32,856 44,753
Cash at bank and in hand 9,174 4,972
61,839 49,725
Creditors: Amounts Falling Due Within One Year 7 (62,144 ) (50,290 )
NET CURRENT ASSETS (LIABILITIES) (305 ) (565 )
TOTAL ASSETS LESS CURRENT LIABILITIES 721 285
PROVISIONS FOR LIABILITIES
Deferred Taxation (236 ) -
NET ASSETS 485 285
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 385 185
SHAREHOLDERS' FUNDS 485 285
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For the year ending 31 January 2024 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 Alex Lancaster
Director
16/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kingswood Developments Brighton Road Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13161553 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
2.3. 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:
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. 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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 1,000 - 1,000
Additions - 358 358
As at 31 January 2024 1,000 358 1,358
Depreciation
As at 1 February 2023 150 - 150
Provided during the period 128 54 182
As at 31 January 2024 278 54 332
Net Book Value
As at 31 January 2024 722 304 1,026
As at 1 February 2023 850 - 850
5. Stocks
2024 2023
£ £
Work in progress 19,809 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,163 14,826
Other debtors 36 -
Inter company account 4,647 24,888
VAT 1,127 5,039
Directors' loan accounts 23,883 -
32,856 44,753
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,151 7,898
Corporation tax 19,254 3,007
Other taxes and social security 3,217 7,363
Inter-company account 33,522 -
Directors' loan accounts - 32,022
62,144 50,290
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr A Lancaster totalling £23,883 (2023 - £32,022 Creditor), no interest is to be charged.
Included in the Other Debtors is an amount owed from Kingswood Construction Development Ltd totalling £4,647 (2023 - £2,588), for which Mr A Lancaster is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to Kingswood London Ltd totalling £33,522 (2022 - £22,300 Debtor), for which Mr A Lancaster is a director. No interest is to be charged and no repayment terms have been agreed.
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