Acorah Software Products - Accounts Production 15.0.500 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04083414 Mr Christopher Laurence Faulkner Mrs Sandra Elizabeth Faulkner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04083414 2023-01-31 04083414 2024-01-31 04083414 2023-02-01 2024-01-31 04083414 frs-core:CurrentFinancialInstruments 2024-01-31 04083414 frs-core:Non-currentFinancialInstruments 2024-01-31 04083414 frs-core:BetweenOneFiveYears 2024-01-31 04083414 frs-core:ComputerEquipment 2024-01-31 04083414 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04083414 frs-core:ComputerEquipment 2023-01-31 04083414 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 04083414 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 04083414 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 04083414 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04083414 frs-core:MotorVehicles 2024-01-31 04083414 frs-core:MotorVehicles 2023-02-01 2024-01-31 04083414 frs-core:MotorVehicles 2023-01-31 04083414 frs-core:PlantMachinery 2024-01-31 04083414 frs-core:PlantMachinery 2023-02-01 2024-01-31 04083414 frs-core:PlantMachinery 2023-01-31 04083414 frs-core:WithinOneYear 2024-01-31 04083414 frs-core:CapitalRedemptionReserve 2024-01-31 04083414 frs-core:SharePremium 2024-01-31 04083414 frs-core:ShareCapital 2024-01-31 04083414 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04083414 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04083414 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04083414 frs-bus:SmallEntities 2023-02-01 2024-01-31 04083414 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04083414 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04083414 frs-bus:Director1 2023-02-01 2024-01-31 04083414 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04083414 frs-core:CurrentFinancialInstruments 1 2024-01-31 04083414 frs-countries:EnglandWales 2023-02-01 2024-01-31 04083414 2022-01-31 04083414 2023-01-31 04083414 2022-02-01 2023-01-31 04083414 frs-core:CurrentFinancialInstruments 2023-01-31 04083414 frs-core:Non-currentFinancialInstruments 2023-01-31 04083414 frs-core:BetweenOneFiveYears 2023-01-31 04083414 frs-core:WithinOneYear 2023-01-31 04083414 frs-core:CapitalRedemptionReserve 2023-01-31 04083414 frs-core:SharePremium 2023-01-31 04083414 frs-core:ShareCapital 2023-01-31 04083414 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 04083414 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 04083414
Kersten (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04083414
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 315,898 337,787
315,898 337,787
CURRENT ASSETS
Stocks 5 680,017 644,134
Debtors 6 188,879 161,947
Cash at bank and in hand 4,663 88,229
873,559 894,310
Creditors: Amounts Falling Due Within One Year 7 (515,074 ) (596,270 )
NET CURRENT ASSETS (LIABILITIES) 358,485 298,040
TOTAL ASSETS LESS CURRENT LIABILITIES 674,383 635,827
Creditors: Amounts Falling Due After More Than One Year 8 (147,599 ) (181,908 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (60,021 ) (43,939 )
NET ASSETS 466,763 409,980
CAPITAL AND RESERVES
Called up share capital 10 900 900
Share premium account 22,725 22,725
Capital redemption reserve 100 100
Profit and Loss Account 443,038 386,255
SHAREHOLDERS' FUNDS 466,763 409,980
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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 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 Christopher Laurence Faulkner
Director
07/08/2024
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
Kersten (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04083414 . The registered office is Progress House, 39 Boulton Road, Reading, RG2 0NH.
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:
Freehold 10% Straight line
Leasehold 10% Straight line
Plant & Machinery 20% Straight line
Motor Vehicles 20% Straight line
Computer Equipment 20% Straight line
2.4. 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.
2.5. 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.
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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.
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 assets reflect 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: 15 (2023: 13)
15 13
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 54,246 249,916 493,657 26,982 824,801
Additions 1,660 12,334 64,825 5,056 83,875
Disposals - (10,447 ) (56,499 ) (1,053 ) (67,999 )
As at 31 January 2024 55,906 251,803 501,983 30,985 840,677
Depreciation
As at 1 February 2023 50,644 142,145 272,010 22,215 487,014
Provided during the period 502 42,999 55,308 2,589 101,398
Disposals - (8,167 ) (55,039 ) (427 ) (63,633 )
As at 31 January 2024 51,146 176,977 272,279 24,377 524,779
Net Book Value
As at 31 January 2024 4,760 74,826 229,704 6,608 315,898
As at 1 February 2023 3,602 107,771 221,647 4,767 337,787
5. Stocks
2024 2023
£ £
Stock 680,017 644,134
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 178,146 140,581
Other debtors 10,733 21,366
188,879 161,947
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 67,817 66,983
Trade creditors 190,730 261,490
Bank loans and overdrafts 24,210 28,047
Corporation tax 13 -
PAYE Control 14,796 11,174
VAT 52,602 28,505
Net wages - 160
Pension Control 3,818 3,033
Accruals 4,500 4,500
Director's loan account 156,588 192,378
515,074 596,270
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 134,446 151,402
Bank loans 13,153 30,506
147,599 181,908
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 67,817 66,983
Later than one year and not later than five years 134,446 151,402
202,263 218,385
202,263 218,385
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 900 900
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