Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08703678 Mr Luke Lillingston Mr Piers Winkworth Mr Richard Hoskins Mr Andrew Lillingston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08703678 2022-10-31 08703678 2023-10-31 08703678 2022-11-01 2023-10-31 08703678 frs-core:CurrentFinancialInstruments 2023-10-31 08703678 frs-core:ComputerEquipment 2023-10-31 08703678 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08703678 frs-core:ComputerEquipment 2022-10-31 08703678 frs-core:NetGoodwill 2023-10-31 08703678 frs-core:NetGoodwill 2022-11-01 2023-10-31 08703678 frs-core:NetGoodwill 2022-10-31 08703678 frs-core:ShareCapital 2023-10-31 08703678 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08703678 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08703678 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08703678 frs-bus:SmallEntities 2022-11-01 2023-10-31 08703678 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08703678 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08703678 frs-core:UnlistedNon-exchangeTraded 2023-10-31 08703678 frs-core:UnlistedNon-exchangeTraded 2022-10-31 08703678 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 08703678 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 08703678 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 08703678 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 08703678 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 08703678 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 08703678 frs-bus:Director1 2022-11-01 2023-10-31 08703678 frs-bus:Director2 2022-11-01 2023-10-31 08703678 frs-bus:Director3 2022-11-01 2023-10-31 08703678 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 08703678 frs-core:CurrentFinancialInstruments 1 2023-10-31 08703678 frs-countries:EnglandWales 2022-11-01 2023-10-31 08703678 2021-10-31 08703678 2022-10-31 08703678 2021-11-01 2022-10-31 08703678 frs-core:CurrentFinancialInstruments 2022-10-31 08703678 frs-core:ShareCapital 2022-10-31 08703678 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 08703678 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 08703678
KVT Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08703678
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,333 866
Investments 6 9,963 13,261
11,296 14,127
CURRENT ASSETS
Stocks 7 350,409 356,292
Debtors 8 50,998 132,321
Cash at bank and in hand 219,142 54,420
620,549 543,033
Creditors: Amounts Falling Due Within One Year 9 (407,964 ) (298,557 )
NET CURRENT ASSETS (LIABILITIES) 212,585 244,476
TOTAL ASSETS LESS CURRENT LIABILITIES 223,881 258,603
NET ASSETS 223,881 258,603
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 222,881 257,603
SHAREHOLDERS' FUNDS 223,881 258,603
Page 1
Page 2
For the year ending 31 October 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 Piers Winkworth
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KVT Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08703678 . The registered office is 13 Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
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. 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 four 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:
Computer Equipment 25% straight line
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 4 4
4 4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 80,000
As at 31 October 2023 80,000
Amortisation
As at 1 November 2022 80,000
As at 31 October 2023 80,000
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 5,258
Additions 1,007
As at 31 October 2023 6,265
Depreciation
As at 1 November 2022 4,392
Provided during the period 540
As at 31 October 2023 4,932
Net Book Value
As at 31 October 2023 1,333
As at 1 November 2022 866
6. Investments
Unlisted
£
Cost
As at 1 November 2022 13,261
Additions 49,815
Disposals (53,113 )
As at 31 October 2023 9,963
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 9,963
As at 1 November 2022 13,261
Page 4
Page 5
7. Stocks
2023 2022
£ £
Stock of horses 350,409 356,292
8. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 14,395 1,665
Other debtor 2,481 -
Amounts owed to KVT by partnerships - 94,223
VAT 34,122 36,433
50,998 132,321
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 177,033 156,659
Corporation tax 8,362 29,933
Other creditors 1,044 1,044
Amounts owed by KVT to partnerships 156,100 -
Accruals and deferred income 15,425 32,921
Directors' loan accounts 50,000 78,000
407,964 298,557
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 50,000 78,000
50,000 78,000
Page 5