Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10094651 K J Knight L D Knight M K Knight S M Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10094651 2022-12-31 10094651 2023-12-31 10094651 2023-01-01 2023-12-31 10094651 frs-core:CurrentFinancialInstruments 2023-12-31 10094651 frs-core:Non-currentFinancialInstruments 2023-12-31 10094651 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 10094651 frs-core:OtherResidualIntangibleAssets 2023-12-31 10094651 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 10094651 frs-core:OtherResidualIntangibleAssets 2022-12-31 10094651 frs-core:ShareCapital 2023-12-31 10094651 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10094651 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10094651 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10094651 frs-bus:SmallEntities 2023-01-01 2023-12-31 10094651 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10094651 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10094651 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10094651 frs-bus:OrdinaryShareClass1 2023-12-31 10094651 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 10094651 frs-bus:OrdinaryShareClass2 2023-12-31 10094651 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 10094651 frs-bus:OrdinaryShareClass3 2023-12-31 10094651 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 10094651 frs-bus:OrdinaryShareClass4 2023-12-31 10094651 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31 10094651 frs-bus:OrdinaryShareClass5 2023-12-31 10094651 frs-core:CostValuation 2022-12-31 10094651 frs-core:CostValuation 2023-12-31 10094651 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 10094651 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 10094651 frs-bus:Director1 2023-01-01 2023-12-31 10094651 frs-bus:Director2 2023-01-01 2023-12-31 10094651 frs-bus:Director3 2023-01-01 2023-12-31 10094651 frs-bus:Director4 2023-01-01 2023-12-31 10094651 frs-countries:EnglandWales 2023-01-01 2023-12-31 10094651 2021-12-31 10094651 2022-12-31 10094651 2022-01-01 2022-12-31 10094651 frs-core:CurrentFinancialInstruments 2022-12-31 10094651 frs-core:Non-currentFinancialInstruments 2022-12-31 10094651 frs-core:ShareCapital 2022-12-31 10094651 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10094651 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 10094651 frs-bus:OrdinaryShareClass2 2022-01-01 2022-12-31 10094651 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31 10094651 frs-bus:OrdinaryShareClass4 2022-01-01 2022-12-31 10094651 frs-bus:OrdinaryShareClass5 2022-01-01 2022-12-31
Registered number: 10094651
Knight Family Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
03/09/2024
Exceed Accountants Limited
Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ
Page 1
Page 2
Balance Sheet
Registered number: 10094651
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,060 -
Investments 5 81 81
12,141 81
CURRENT ASSETS
Debtors 6 3,739,289 2,019,732
Cash at bank and in hand 12,841 103,466
3,752,130 2,123,198
Creditors: Amounts Falling Due Within One Year 7 (207,459 ) (156,916 )
NET CURRENT ASSETS (LIABILITIES) 3,544,671 1,966,282
TOTAL ASSETS LESS CURRENT LIABILITIES 3,556,812 1,966,363
Creditors: Amounts Falling Due After More Than One Year 8 (3,555,044 ) (1,949,631 )
NET ASSETS 1,768 16,732
CAPITAL AND RESERVES
Called up share capital 9 5,006 5,006
Profit and Loss Account (3,238 ) 11,726
SHAREHOLDERS' FUNDS 1,768 16,732
Page 2
Page 3
For the year ending 31 December 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
S M Knight
Director
03/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Knight Family Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10094651 . The registered office is Ground Floor Marlborough House, 298 Regents Park Road, London, N3 2SZ.
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 rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks measured at the cost of acquiring the trademark.  Trademarks are not amortised. 
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 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.
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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2022: 6)
21 6
Page 4
Page 5
4. Intangible Assets
Trademarks
£
Cost
As at 1 January 2023 -
Additions 12,060
As at 31 December 2023 12,060
Net Book Value
As at 31 December 2023 12,060
As at 1 January 2023 -
5. Investments
Other
£
Cost
As at 1 January 2023 81
As at 31 December 2023 81
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 81
As at 1 January 2023 81
The company holds 100% of the issued share capital in Toolroom Academy Limited.
The company holds 80% of the issued share capital in Toolroom Productions Limited.
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,534,283 1,814,726
Other debtors 205,006 205,006
3,739,289 2,019,732
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 193 941
Corporation tax 25,806 -
Other taxes and social security 94,675 94,808
VAT 85,385 59,767
Accruals and deferred income 1,400 1,400
207,459 156,916
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to group undertakings 3,555,044 1,949,631
3,555,044 1,949,631
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
5,000 Ordinary Shares of £ 1 each 5,000 5,000
1 Ordinary A shares of £ 1 each 1 1
1 Ordinary B shares of £ 1 each 1 1
1 Ordinary C shares of £ 1 each 1 1
1 Ordinary D shares of £ 1 each 1 1
1 Ordinary E shares of £ 1 each 1 1
1 Ordinary F shares of £ 1 each 1 1
5,006 5,006
10. Related Party Transactions
Included under current trade debtors are the following balances owed to the company by the related parties:
Amplified Label Services Limited: £406,853 (2022: £231,362)
Toolroom Academy Limited £1,039,559 (2022: £462,159)
Toolroom Productions Limited: £2,087,870 (2022: £1,121,205)
Included under other current debtors are amounts owed to the company by its shareholders and a related party:
K K Knight: £1,251 (2022: £1,251)
L D Knight: £1,251 (2022: £1,251)
M K Knight: £252 (2022: £252)
MK Music Limited: £1,000 (2022: £1000)
S M Knight: £1,251 (2022: £1,251)
...CONTINUED
Page 6
Page 7
10. Related Party Transactions - continued
Toolroom Academy Limited: £200,000 (2022: £200,000)
These loans are not secured, carry no interest and have no fixed terms of repayment.
Included under liabilities due in more than 1 year are loans owed by the company to a related party:
Toolroom Productions Limited: £3,555,044 (2022: £1,949,591)
This loan is not secured, carries no interest and has no fixed terms of repayment.
The ultimate controlling parties are the directors of the company by virtue of the 100% combined shareholding of the company.
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