Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 June 2021 false 1 December 2022 30 November 2023 30 November 2023 06903492 Mr Robert Munn Mr Dudley Lever iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06903492 2022-11-30 06903492 2023-11-30 06903492 2022-12-01 2023-11-30 06903492 frs-core:CurrentFinancialInstruments 2023-11-30 06903492 frs-core:Non-currentFinancialInstruments 2023-11-30 06903492 frs-core:FurnitureFittings 2023-11-30 06903492 frs-core:FurnitureFittings 2022-12-01 2023-11-30 06903492 frs-core:FurnitureFittings 2022-11-30 06903492 frs-core:PlantMachinery 2023-11-30 06903492 frs-core:PlantMachinery 2022-12-01 2023-11-30 06903492 frs-core:PlantMachinery 2022-11-30 06903492 frs-core:ShareCapital 2023-11-30 06903492 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 06903492 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06903492 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 06903492 frs-bus:SmallEntities 2022-12-01 2023-11-30 06903492 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06903492 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06903492 frs-bus:Director1 2022-12-01 2023-11-30 06903492 frs-bus:Director2 2022-12-01 2023-11-30 06903492 frs-countries:EnglandWales 2022-12-01 2023-11-30 06903492 2021-05-31 06903492 2022-11-30 06903492 2021-06-01 2022-11-30 06903492 frs-core:CurrentFinancialInstruments 2022-11-30 06903492 frs-core:Non-currentFinancialInstruments 2022-11-30 06903492 frs-core:ShareCapital 2022-11-30 06903492 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 06903492
Kabayan Finance Limited
Financial Statements
For The Year Ended 30 November 2023
Boyett Mayes Limited
The Stables, Moneys Farm
Bottle Lane
Mattingley
Hampshire
RG27 8LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06903492
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 693 1,659
693 1,659
CURRENT ASSETS
Debtors 5 325,581 419,792
Cash at bank and in hand 8,900 23,409
334,481 443,201
Creditors: Amounts Falling Due Within One Year 6 (41,795 ) (41,247 )
NET CURRENT ASSETS (LIABILITIES) 292,686 401,954
TOTAL ASSETS LESS CURRENT LIABILITIES 293,379 403,613
Creditors: Amounts Falling Due After More Than One Year 7 (31,385 ) (35,457 )
NET ASSETS 261,994 368,156
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 261,894 368,056
SHAREHOLDERS' FUNDS 261,994 368,156
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For the year ending 30 November 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 Robert Munn
Director
15th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kabayan Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06903492 . The registered office is Murdock House, 30 Murdock Road , Biscester, Oxfordshire, OX26 4PP.
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. 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 Over 3 Years
Fixtures & Fittings Over 3 Years
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 6)
7 6
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 32,407 10,424 42,831
As at 30 November 2023 32,407 10,424 42,831
Depreciation
As at 1 December 2022 31,186 9,986 41,172
Provided during the period 816 150 966
As at 30 November 2023 32,002 10,136 42,138
Net Book Value
As at 30 November 2023 405 288 693
As at 1 December 2022 1,221 438 1,659
5. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Trade debtors 105,514 206,099
Pension scheme prepayments - (472 )
Directors' loan accounts 220,067 214,165
325,581 419,792
6. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Trade creditors 1 (1 )
Corporation tax 31,761 36,746
Other taxes and social security 8,533 3,002
Accruals and deferred income 1,500 1,500
41,795 41,247
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7. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 30 November 2022
£ £
Bank loans 31,385 35,457
8. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
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