Acorah Software Products - Accounts Production 15.0.600 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07952587 Mr David Johnson Mr Keith Johnson Mr Matthew Perkins Kelida Holdings Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07952587 2023-04-30 07952587 2024-04-30 07952587 2023-05-01 2024-04-30 07952587 frs-core:CurrentFinancialInstruments 2024-04-30 07952587 frs-core:Non-currentFinancialInstruments 2024-04-30 07952587 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07952587 frs-core:MotorVehicles 2024-04-30 07952587 frs-core:MotorVehicles 2023-05-01 2024-04-30 07952587 frs-core:MotorVehicles 2023-04-30 07952587 frs-core:PlantMachinery 2024-04-30 07952587 frs-core:PlantMachinery 2023-05-01 2024-04-30 07952587 frs-core:PlantMachinery 2023-04-30 07952587 frs-core:WithinOneYear 2024-04-30 07952587 frs-core:ShareCapital 2024-04-30 07952587 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07952587 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07952587 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07952587 frs-bus:SmallEntities 2023-05-01 2024-04-30 07952587 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07952587 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07952587 1 2023-05-01 2024-04-30 07952587 frs-bus:Director1 2023-05-01 2024-04-30 07952587 frs-bus:Director2 2023-05-01 2024-04-30 07952587 frs-bus:Director3 2023-05-01 2024-04-30 07952587 frs-countries:EnglandWales 2023-05-01 2024-04-30 07952587 2022-04-30 07952587 2023-04-30 07952587 2022-05-01 2023-04-30 07952587 frs-core:CurrentFinancialInstruments 2023-04-30 07952587 frs-core:Non-currentFinancialInstruments 2023-04-30 07952587 frs-core:BetweenOneFiveYears 2023-04-30 07952587 frs-core:WithinOneYear 2023-04-30 07952587 frs-core:ShareCapital 2023-04-30 07952587 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07952587
Kelida Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07952587
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,231 7,807
5,231 7,807
CURRENT ASSETS
Stocks 38,049 60,542
Debtors 5 507,162 399,992
545,211 460,534
Creditors: Amounts Falling Due Within One Year 6 (376,412 ) (304,638 )
NET CURRENT ASSETS (LIABILITIES) 168,799 155,896
TOTAL ASSETS LESS CURRENT LIABILITIES 174,030 163,703
Creditors: Amounts Falling Due After More Than One Year 7 (60,000 ) (78,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (886 ) (1,353 )
NET ASSETS 113,144 84,350
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 113,044 84,250
SHAREHOLDERS' FUNDS 113,144 84,350
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For the year ending 30 April 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 Income Statement.
On behalf of the board
Mr David Johnson
Director
27 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
Kelida Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07952587 . The registered office is The Annexe, Elm Nook House, Pool Road, Pool in Wharfedale, West Yorkshire, LS21 1EG.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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.
2.4. 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 £nil
Plant & Machinery 33% on reducing balance
Motor Vehicles 33% on reducing balance
2.5. 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: 12 (2023: 12)
12 12
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 25,628 9,750 35,378
As at 30 April 2024 25,628 9,750 35,378
Depreciation
As at 1 May 2023 19,114 8,457 27,571
Provided during the period 2,150 426 2,576
As at 30 April 2024 21,264 8,883 30,147
Net Book Value
As at 30 April 2024 4,364 867 5,231
As at 1 May 2023 6,514 1,293 7,807
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 269,524 222,232
Amounts owed by group undertakings 180,579 146,629
Other debtors 57,059 31,131
507,162 399,992
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 138,588 137,512
Bank loans and overdrafts 32,736 27,037
Other creditors 132,140 97,310
Taxation and social security 72,948 42,779
376,412 304,638
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 60,000 78,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 8,552 41,913
Later than one year and not later than five years - 8,552
8,552 50,465
10. Ultimate Controlling Party
The company's ultimate controlling party is Kelida Holdings Ltd by virtue of his ownership of 100% of the issued share capital in the company.
At the year end, debtors includes a balance due from Kelida Holdings Ltd of £180,579 (2023 : £146,629).
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