Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 6428120 Mr Keith Stewart The Directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6428120 2022-03-31 6428120 2023-03-31 6428120 2022-04-01 2023-03-31 6428120 frs-core:CurrentFinancialInstruments 2023-03-31 6428120 frs-core:Non-currentFinancialInstruments 2023-03-31 6428120 frs-core:NetGoodwill 2023-03-31 6428120 frs-core:NetGoodwill 2022-04-01 2023-03-31 6428120 frs-core:NetGoodwill 2022-03-31 6428120 frs-core:MotorVehicles 2023-03-31 6428120 frs-core:MotorVehicles 2022-04-01 2023-03-31 6428120 frs-core:MotorVehicles 2022-03-31 6428120 frs-core:PlantMachinery 2023-03-31 6428120 frs-core:PlantMachinery 2022-04-01 2023-03-31 6428120 frs-core:PlantMachinery 2022-03-31 6428120 frs-core:ShareCapital 2023-03-31 6428120 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 6428120 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 6428120 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 6428120 frs-bus:SmallEntities 2022-04-01 2023-03-31 6428120 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 6428120 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 6428120 1 2022-04-01 2023-03-31 6428120 frs-bus:Director1 2022-04-01 2023-03-31 6428120 frs-countries:EnglandWales 2022-04-01 2023-03-31 6428120 2021-03-31 6428120 2022-03-31 6428120 2021-04-01 2022-03-31 6428120 frs-core:CurrentFinancialInstruments 2022-03-31 6428120 frs-core:Non-currentFinancialInstruments 2022-03-31 6428120 frs-core:ShareCapital 2022-03-31 6428120 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 6428120
KFS (Southwest) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2023
C T B Book Keeping Limited
29 Looe Street
The Barbican
Plymouth
PL4 0EA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6428120
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,000 36,000
Tangible Assets 5 3,034 3,516
39,034 39,516
CURRENT ASSETS
Debtors 6 27,711 19,607
Cash at bank and in hand 4,038 16,161
31,749 35,768
Creditors: Amounts Falling Due Within One Year 7 (15,879 ) (13,439 )
NET CURRENT ASSETS (LIABILITIES) 15,870 22,329
TOTAL ASSETS LESS CURRENT LIABILITIES 54,904 61,845
Creditors: Amounts Falling Due After More Than One Year 8 (1,053 ) (469 )
NET ASSETS 53,851 61,376
CAPITAL AND RESERVES
Called up share capital 9 21 21
Profit and Loss Account 53,830 61,355
SHAREHOLDERS' FUNDS 53,851 61,376
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Page 2
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Keith Stewart
Director
22/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
KFS (Southwest) Limited Registered number 6428120 is a limited by shares company incorporated in England & Wales. The Registered Office is 14 Winstanley Walk, Plymouth, PL3 6PA.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.5. 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.
2.6. 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
Sales, marketing and distribution 2 2
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2022 36,000
As at 31 March 2023 36,000
Net Book Value
As at 31 March 2023 36,000
As at 1 April 2022 36,000
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5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2022 13,069 12,500 25,569
Additions 530 - 530
As at 31 March 2023 13,599 12,500 26,099
Depreciation
As at 1 April 2022 11,778 10,275 22,053
Provided during the period 455 557 1,012
As at 31 March 2023 12,233 10,832 23,065
Net Book Value
As at 31 March 2023 1,366 1,668 3,034
As at 1 April 2022 1,291 2,225 3,516
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 208 208
Other debtors 27,503 19,399
27,711 19,607
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 587 617
Bank loans and overdrafts 758 2,132
Corporation tax 8,947 7,353
VAT 1,087 1,087
Accruals and deferred income 4,500 2,250
15,879 13,439
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 1,053 469
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 21 21
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
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2023 2022
£ £
Mr Keith Stewart 14,000 48,000
11. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 14,000 48,000
12. Ultimate Controlling Party
The company's ultimate controlling party are The Directors by virtue of their ownership of 100% of the issued share capital in the company.
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