Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 08142434 Larry Berkowitz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08142434 2022-07-31 08142434 2023-07-31 08142434 2022-08-01 2023-07-31 08142434 frs-core:CurrentFinancialInstruments 2023-07-31 08142434 frs-core:Non-currentFinancialInstruments 2023-07-31 08142434 frs-core:BetweenOneFiveYears 2023-07-31 08142434 frs-core:ComputerEquipment 2023-07-31 08142434 frs-core:ComputerEquipment 2022-08-01 2023-07-31 08142434 frs-core:ComputerEquipment 2022-07-31 08142434 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2023-07-31 08142434 frs-core:FurnitureFittings 2023-07-31 08142434 frs-core:FurnitureFittings 2022-08-01 2023-07-31 08142434 frs-core:FurnitureFittings 2022-07-31 08142434 frs-core:MotorVehicles 2023-07-31 08142434 frs-core:MotorVehicles 2022-08-01 2023-07-31 08142434 frs-core:MotorVehicles 2022-07-31 08142434 frs-core:OtherResidualIntangibleAssets 2023-07-31 08142434 frs-core:OtherResidualIntangibleAssets 2022-07-31 08142434 frs-core:WithinOneYear 2023-07-31 08142434 frs-core:ShareCapital 2023-07-31 08142434 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 08142434 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08142434 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 08142434 frs-bus:SmallEntities 2022-08-01 2023-07-31 08142434 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08142434 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08142434 frs-bus:Director1 2022-08-01 2023-07-31 08142434 frs-core:CurrentFinancialInstruments 2 2023-07-31 08142434 frs-core:CurrentFinancialInstruments 3 2023-07-31 08142434 frs-core:CurrentFinancialInstruments 4 2023-07-31 08142434 frs-core:CurrentFinancialInstruments 5 2023-07-31 08142434 frs-core:Non-currentFinancialInstruments 6 2023-07-31 08142434 frs-countries:EnglandWales 2022-08-01 2023-07-31 08142434 2021-07-31 08142434 2022-07-31 08142434 2021-08-01 2022-07-31 08142434 frs-core:CurrentFinancialInstruments 2022-07-31 08142434 frs-core:Non-currentFinancialInstruments 2022-07-31 08142434 frs-core:BetweenOneFiveYears 2022-07-31 08142434 frs-core:WithinOneYear 2022-07-31 08142434 frs-core:ShareCapital 2022-07-31 08142434 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 08142434 frs-core:CurrentFinancialInstruments 2 2022-07-31 08142434 frs-core:CurrentFinancialInstruments 3 2022-07-31 08142434 frs-core:CurrentFinancialInstruments 4 2022-07-31 08142434 frs-core:CurrentFinancialInstruments 5 2022-07-31 08142434 frs-core:Non-currentFinancialInstruments 6 2022-07-31
Registered number: 08142434
KLEJ Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08142434
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 47,485 56,306
47,485 56,306
CURRENT ASSETS
Debtors 6 799,786 855,639
Cash at bank and in hand 164,659 120,534
964,445 976,173
Creditors: Amounts Falling Due Within One Year 7 (504,093 ) (423,683 )
NET CURRENT ASSETS (LIABILITIES) 460,352 552,490
TOTAL ASSETS LESS CURRENT LIABILITIES 507,837 608,796
Creditors: Amounts Falling Due After More Than One Year 8 (282,456 ) (403,799 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,871 ) (10,698 )
NET ASSETS 213,510 194,299
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 213,410 194,199
SHAREHOLDERS' FUNDS 213,510 194,299
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Page 2
For the year ending 31 July 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
Larry Berkowitz
Director
25/07/2024
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
KLEJ Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08142434 . The registered office is 149 Hale Lane, Edgeware, HA8 9QW.
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 - Other Intangible
Intangible fixed assets comprise the franchise license fee. This is shown in the financial statements at cost.

Intangible assets are amortised through the profit and loss account in equal installments over the 5 year franchise term.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% 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.
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2.6. 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 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits
3. Average Number of Employees
Average number of employees, including directors, during the year was 90 (2022: 96)
90 96
4. Intangible Assets
License fee
£
Cost
As at 1 August 2022 1,800
As at 31 July 2023 1,800
Amortisation
As at 1 August 2022 1,800
As at 31 July 2023 1,800
Net Book Value
As at 31 July 2023 -
As at 1 August 2022 -
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 55,800 64,841 40,995 161,636
Additions - 5,221 1,626 6,847
As at 31 July 2023 55,800 70,062 42,621 168,483
Depreciation
As at 1 August 2022 33,952 34,949 36,429 105,330
Provided during the period 5,462 7,023 3,183 15,668
As at 31 July 2023 39,414 41,972 39,612 120,998
Net Book Value
As at 31 July 2023 16,386 28,090 3,009 47,485
As at 1 August 2022 21,848 29,892 4,566 56,306
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 111,415 95,210
Prepayments and accrued income 33,232 14,118
Rent deposit 1,904 1,904
Accrued holiday pay 8,562 26,800
Amounts owed by related party 19,710 19,710
Net wages 25,394 40,272
200,217 198,014
Due after more than one year
Amount owed by related party > 1 year 599,569 657,625
599,569 657,625
799,786 855,639
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,168 6,168
Trade creditors 95,458 34,462
Bank loans and overdrafts 163,716 142,137
Corporation tax 149,534 133,237
Other taxes and social security 54,874 21,562
Commercial card 435 657
Pension fund 2,703 1,501
Accrued holidays pay 8,562 26,800
Accruals and deferred income 22,643 57,159
504,093 423,683
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 20,962 27,130
Bank loans 261,494 376,669
282,456 403,799
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,168 6,168
Later than one year and not later than five years 20,962 27,130
27,130 33,298
27,130 33,298
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The Director Larry Berkowitz, is the majority shareholder in Nova Dom Care Limited, Orla Ltd and Lasberk Limited. Those companies owed KLEJ Ltd £19,710 (£19,710 - 2022) and £657,625 (£659,328 - 2022), respectively at the balance sheet date.
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