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 07906251 Mr Karl Unsworth Mrs Catherine Unsworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07906251 2023-01-31 07906251 2024-01-31 07906251 2023-02-01 2024-01-31 07906251 frs-core:CurrentFinancialInstruments 2024-01-31 07906251 frs-core:Non-currentFinancialInstruments 2024-01-31 07906251 frs-core:BetweenOneFiveYears 2024-01-31 07906251 frs-core:ComputerEquipment 2024-01-31 07906251 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07906251 frs-core:ComputerEquipment 2023-01-31 07906251 frs-core:NetGoodwill 2024-01-31 07906251 frs-core:NetGoodwill 2023-02-01 2024-01-31 07906251 frs-core:NetGoodwill 2023-01-31 07906251 frs-core:MotorVehicles 2024-01-31 07906251 frs-core:MotorVehicles 2023-02-01 2024-01-31 07906251 frs-core:MotorVehicles 2023-01-31 07906251 frs-core:PlantMachinery 2024-01-31 07906251 frs-core:PlantMachinery 2023-02-01 2024-01-31 07906251 frs-core:PlantMachinery 2023-01-31 07906251 frs-core:WithinOneYear 2024-01-31 07906251 frs-core:ShareCapital 2024-01-31 07906251 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07906251 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07906251 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07906251 frs-bus:SmallEntities 2023-02-01 2024-01-31 07906251 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07906251 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07906251 frs-bus:Director1 2023-02-01 2024-01-31 07906251 frs-bus:Director2 2023-02-01 2024-01-31 07906251 frs-countries:EnglandWales 2023-02-01 2024-01-31 07906251 2022-01-31 07906251 2023-01-31 07906251 2022-02-01 2023-01-31 07906251 frs-core:CurrentFinancialInstruments 2023-01-31 07906251 frs-core:Non-currentFinancialInstruments 2023-01-31 07906251 frs-core:BetweenOneFiveYears 2023-01-31 07906251 frs-core:WithinOneYear 2023-01-31 07906251 frs-core:ShareCapital 2023-01-31 07906251 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07906251
Kaja Steel Services Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Richard Day Accountants Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07906251
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 170,865 169,004
170,865 169,004
CURRENT ASSETS
Stocks 6 18,000 -
Debtors 7 161,768 276,983
Cash at bank and in hand 1,970 14,371
181,738 291,354
Creditors: Amounts Falling Due Within One Year 8 (64,824 ) (96,207 )
NET CURRENT ASSETS (LIABILITIES) 116,914 195,147
TOTAL ASSETS LESS CURRENT LIABILITIES 287,779 364,151
Creditors: Amounts Falling Due After More Than One Year 9 (55,008 ) (71,815 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,465 ) (32,111 )
NET ASSETS 200,306 260,225
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 200,206 260,125
SHAREHOLDERS' FUNDS 200,306 260,225
Page 1
Page 2
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 Karl Unsworth
Director
16/04/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Kaja Steel Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07906251 . The registered office is The Cottage, 87 Yarmouth Road, Norwich, NR7 0HF.
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.
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 10 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 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% straight line
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.
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.
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2.7. Taxation
Corporation 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 year 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 asset reflects 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: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 45,000
As at 31 January 2024 45,000
Amortisation
As at 1 February 2023 45,000
As at 31 January 2024 45,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 27,407 240,780 11,633 279,820
Additions 17,842 66,852 7,094 91,788
Disposals (16,822 ) (52,999 ) - (69,821 )
As at 31 January 2024 28,427 254,633 18,727 301,787
Depreciation
As at 1 February 2023 17,859 86,083 6,874 110,816
Provided during the period 4,988 37,922 2,910 45,820
Disposals (9,152 ) (16,562 ) - (25,714 )
As at 31 January 2024 13,695 107,443 9,784 130,922
...CONTINUED
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Net Book Value
As at 31 January 2024 14,732 147,190 8,943 170,865
As at 1 February 2023 9,548 154,697 4,759 169,004
6. Stocks
2024 2023
£ £
Work in progress 18,000 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 135,480 211,039
Prepayments and accrued income 20,497 28,174
Other debtors - 2,500
VAT 5,791 35,270
161,768 276,983
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,166 18,338
Trade creditors 45 11,591
Bank loans and overdrafts 10,000 10,000
Corporation tax 5,379 9,020
Other taxes and social security 10,325 8,182
Other creditors 10,709 6,976
Accruals and deferred income 2,200 2,100
Amounts owed to associates - 30,000
64,824 96,207
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,675 48,482
Bank loans 13,333 23,333
55,008 71,815
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 26,166 18,338
Later than one year and not later than five years 41,675 48,482
67,841 66,820
67,841 66,820
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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