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 12421480 David Braddon Paul Henry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12421480 2023-01-31 12421480 2024-01-31 12421480 2023-02-01 2024-01-31 12421480 frs-core:CurrentFinancialInstruments 2024-01-31 12421480 frs-core:Non-currentFinancialInstruments 2024-01-31 12421480 frs-core:ShareCapital 2024-01-31 12421480 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12421480 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12421480 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12421480 frs-bus:SmallEntities 2023-02-01 2024-01-31 12421480 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12421480 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12421480 frs-bus:Director1 2023-02-01 2024-01-31 12421480 frs-bus:Director2 2023-02-01 2024-01-31 12421480 frs-countries:EnglandWales 2023-02-01 2024-01-31 12421480 2022-01-31 12421480 2023-01-31 12421480 2022-02-01 2023-01-31 12421480 frs-core:CurrentFinancialInstruments 2023-01-31 12421480 frs-core:Non-currentFinancialInstruments 2023-01-31 12421480 frs-core:ShareCapital 2023-01-31 12421480 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12421480
Mid Kent Land & Planning Limited
Financial Statements
For The Year Ended 31 January 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12421480
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 80,106 79,286
Debtors 5 338 -
Cash at bank and in hand 4,714 2,562
85,158 81,848
Creditors: Amounts Falling Due Within One Year 6 (75,650 ) (61,400 )
NET CURRENT ASSETS (LIABILITIES) 9,508 20,448
TOTAL ASSETS LESS CURRENT LIABILITIES 9,508 20,448
Creditors: Amounts Falling Due After More Than One Year 7 (13,333 ) (23,333 )
NET LIABILITIES (3,825 ) (2,885 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (3,925 ) (2,985 )
SHAREHOLDERS' FUNDS (3,825) (2,885)
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
Paul Henry
Director
1 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mid Kent Land & Planning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12421480 . The registered office is Studio 3 The Old Laundry, Longfield, Kent, DA2 8EB.
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 from the sale of goods is recognised when the
significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2.3. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets
and liabilities are not discounted.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest
method.
2.7. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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Page 4
4. Stocks
2024 2023
£ £
Stock 80,106 79,286
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 338 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Other creditors 65,650 51,400
75,650 61,400
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,333
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4