Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04907520 Mr Jayesh Popat Mr Divyes Ruparelia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04907520 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-11-30 04907520 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-11-30 04907520 2022-11-30 04907520 2023-11-30 04907520 2022-12-01 2023-11-30 04907520 frs-core:CurrentFinancialInstruments 2023-11-30 04907520 frs-core:Non-currentFinancialInstruments 2023-11-30 04907520 frs-core:ComputerEquipment 2023-11-30 04907520 frs-core:ComputerEquipment 2022-12-01 2023-11-30 04907520 frs-core:ComputerEquipment 2022-11-30 04907520 frs-core:FurnitureFittings 2023-11-30 04907520 frs-core:FurnitureFittings 2022-12-01 2023-11-30 04907520 frs-core:FurnitureFittings 2022-11-30 04907520 frs-core:ShareCapital 2023-11-30 04907520 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04907520 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04907520 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 04907520 frs-bus:SmallEntities 2022-12-01 2023-11-30 04907520 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04907520 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04907520 frs-bus:Director1 2022-12-01 2023-11-30 04907520 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 04907520 frs-countries:EnglandWales 2022-12-01 2023-11-30 04907520 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2022-11-30 04907520 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2022-11-30 04907520 2021-11-30 04907520 2022-11-30 04907520 2021-12-01 2022-11-30 04907520 frs-core:CurrentFinancialInstruments 2022-11-30 04907520 frs-core:Non-currentFinancialInstruments 2022-11-30 04907520 frs-core:ShareCapital 2022-11-30 04907520 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 04907520
Kard Limited
Financial Statements
For The Year Ended 30 November 2023
Sohals Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04907520
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,167 1,809
1,167 1,809
CURRENT ASSETS
Stocks 5 8,500 6,350
Debtors 6 1,540 1,540
Cash at bank and in hand 40,871 34,908
50,911 42,798
Creditors: Amounts Falling Due Within One Year 7 (34,481 ) (24,994 )
NET CURRENT ASSETS (LIABILITIES) 16,430 17,804
TOTAL ASSETS LESS CURRENT LIABILITIES 17,597 19,613
Creditors: Amounts Falling Due After More Than One Year 8 (12,743 ) (15,350 )
NET ASSETS 4,854 4,263
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 4,852 4,261
SHAREHOLDERS' FUNDS 4,854 4,263
Page 1
Page 2
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 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 Jayesh Popat
Director
9th August 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
Kard Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04907520 . The registered office is 16 Binley Road, Gosford Green, Coventry, CV3 1HZ.
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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 3,805 2,575 6,380
As at 30 November 2023 3,805 2,575 6,380
Depreciation
As at 1 December 2022 3,167 1,404 4,571
Provided during the period 127 515 642
As at 30 November 2023 3,294 1,919 5,213
Net Book Value
As at 30 November 2023 511 656 1,167
As at 1 December 2022 638 1,171 1,809
5. Stocks
2023 2022
£ £
Stock 8,500 6,350
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,540 1,540
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 15,460 3,331
Bank loans and overdrafts 4,200 4,200
Other creditors 13,552 16,112
Taxation and social security 1,269 1,351
34,481 24,994
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 12,743 15,350
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9. Loans
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 4,200 4,200
2023 2022
£ £
Amounts falling due between one and five years:
Bank loans 12,743 15,350
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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