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 06012180 Mr T Harper Mrs V Harper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06012180 2022-10-31 06012180 2023-10-31 06012180 2022-11-01 2023-10-31 06012180 frs-core:CurrentFinancialInstruments 2023-10-31 06012180 frs-core:Non-currentFinancialInstruments 2023-10-31 06012180 frs-core:BetweenOneFiveYears 2023-10-31 06012180 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 06012180 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-01 2023-10-31 06012180 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-31 06012180 frs-core:MotorVehicles 2023-10-31 06012180 frs-core:MotorVehicles 2022-11-01 2023-10-31 06012180 frs-core:MotorVehicles 2022-10-31 06012180 frs-core:PlantMachinery 2023-10-31 06012180 frs-core:PlantMachinery 2022-11-01 2023-10-31 06012180 frs-core:PlantMachinery 2022-10-31 06012180 frs-core:WithinOneYear 2023-10-31 06012180 frs-core:ShareCapital 2023-10-31 06012180 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 06012180 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06012180 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 06012180 frs-bus:SmallEntities 2022-11-01 2023-10-31 06012180 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06012180 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06012180 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 06012180 frs-bus:Director1 2022-11-01 2023-10-31 06012180 frs-bus:Director2 2022-11-01 2023-10-31 06012180 frs-countries:EnglandWales 2022-11-01 2023-10-31 06012180 2021-10-31 06012180 2022-10-31 06012180 2021-11-01 2022-10-31 06012180 frs-core:CurrentFinancialInstruments 2022-10-31 06012180 frs-core:Non-currentFinancialInstruments 2022-10-31 06012180 frs-core:BetweenOneFiveYears 2022-10-31 06012180 frs-core:WithinOneYear 2022-10-31 06012180 frs-core:ShareCapital 2022-10-31 06012180 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 06012180 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31
Registered number: 06012180
K & M Homes Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06012180
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 165,416 261,423
165,416 261,423
CURRENT ASSETS
Debtors 5 646,280 209,192
Cash at bank and in hand 831 54,430
647,111 263,622
Creditors: Amounts Falling Due Within One Year 6 (752,788 ) (410,768 )
NET CURRENT ASSETS (LIABILITIES) (105,677 ) (147,146 )
TOTAL ASSETS LESS CURRENT LIABILITIES 59,739 114,277
Creditors: Amounts Falling Due After More Than One Year 7 (104,322 ) (176,468 )
NET LIABILITIES (44,583 ) (62,191 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair Value Reserve - 16,600
Profit and Loss Account (44,683 ) (78,891 )
SHAREHOLDERS' FUNDS (44,583) (62,191)
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 T Harper
Director
30/07/2024
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
K & M Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06012180 . The registered office is 8 Turls Hill Road, Sedgley, Dudley, DY3 1HG.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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 15% Reducing Value
Motor Vehicles 15% Reducing Value
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 4)
2 4
Page 3
Page 4
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2022 90,000 162,394 159,141 411,535
Additions - 29,892 - 29,892
Disposals (90,000 ) - - (90,000 )
As at 31 October 2023 - 192,286 159,141 351,427
Depreciation
As at 1 November 2022 - 106,232 43,880 150,112
Provided during the period - 18,610 17,289 35,899
As at 31 October 2023 - 124,842 61,169 186,011
Net Book Value
As at 31 October 2023 - 67,444 97,972 165,416
As at 1 November 2022 90,000 56,162 115,261 261,423
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 39,464 14,670
Other debtors 314,454 158,096
Directors' loan accounts 292,362 36,426
646,280 209,192
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 30,830 31,398
Trade creditors 62,035 73,776
Bank loans and overdrafts 58,788 18,937
Corporation tax 13,047 13,047
Other taxes and social security 83,206 101,864
VAT 1,919 5,372
Other creditors 502,963 166,374
752,788 410,768
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 72,249 75,759
Bank loans 32,073 100,709
104,322 176,468
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,830 31,398
Later than one year and not later than five years 72,249 75,759
103,079 107,157
103,079 107,157
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5