Acorah Software Products - Accounts Production 14.6.300 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 08895514 Mr David Lynam Mr Kieran Benton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08895514 2023-02-28 08895514 2024-02-28 08895514 2023-03-01 2024-02-28 08895514 frs-core:CurrentFinancialInstruments 2024-02-28 08895514 frs-core:Non-currentFinancialInstruments 2024-02-28 08895514 frs-core:ComputerEquipment 2024-02-28 08895514 frs-core:ComputerEquipment 2023-03-01 2024-02-28 08895514 frs-core:ComputerEquipment 2023-02-28 08895514 frs-core:PlantMachinery 2024-02-28 08895514 frs-core:PlantMachinery 2023-03-01 2024-02-28 08895514 frs-core:PlantMachinery 2023-02-28 08895514 frs-core:SharePremium 2024-02-28 08895514 frs-core:ShareCapital 2024-02-28 08895514 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08895514 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08895514 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08895514 frs-bus:SmallEntities 2023-03-01 2024-02-28 08895514 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08895514 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08895514 frs-bus:Director1 2023-03-01 2024-02-28 08895514 frs-bus:Director2 2023-03-01 2024-02-28 08895514 frs-countries:EnglandWales 2023-03-01 2024-02-28 08895514 2022-02-28 08895514 2023-02-28 08895514 2022-03-01 2023-02-28 08895514 frs-core:CurrentFinancialInstruments 2023-02-28 08895514 frs-core:Non-currentFinancialInstruments 2023-02-28 08895514 frs-core:SharePremium 2023-02-28 08895514 frs-core:ShareCapital 2023-02-28 08895514 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08895514
Kaizen Ticketing Solutions Ltd
Financial Statements
For The Year Ended 28 February 2024
Balance Sheet
Registered number: 08895514
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,532 9,116
5,532 9,116
CURRENT ASSETS
Debtors 5 12,366 13,508
Cash at bank and in hand 87,291 45,498
99,657 59,006
Creditors: Amounts Falling Due Within One Year 6 (32,158 ) (30,950 )
NET CURRENT ASSETS (LIABILITIES) 67,499 28,056
TOTAL ASSETS LESS CURRENT LIABILITIES 73,031 37,172
Creditors: Amounts Falling Due After More Than One Year 7 (3,264 ) (5,660 )
NET ASSETS 69,767 31,512
CAPITAL AND RESERVES
Called up share capital 8 2 2
Share premium account 96,920 96,920
Profit and Loss Account (27,155 ) (65,410 )
SHAREHOLDERS' FUNDS 69,767 31,512
Page 0
Page 1
For the year ending 28 February 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
Mr David Lynam
Director
15/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Kaizen Ticketing Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08895514 . The registered office is 459b Green Lanes, London, N13 4BS.
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:
Plant & Machinery 50% reducing balance basis
Computer Equipment 33% reducing balance basis
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 3,153 37,080 40,233
Additions - 4,223 4,223
As at 28 February 2024 3,153 41,303 44,456
Depreciation
As at 1 March 2023 3,153 27,964 31,117
Provided during the period - 7,807 7,807
As at 28 February 2024 3,153 35,771 38,924
...CONTINUED
Page 2
Page 3
Net Book Value
As at 28 February 2024 - 5,532 5,532
As at 1 March 2023 - 9,116 9,116
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,301 3,379
Prepayments and accrued income 1,064 729
Other debtors - 9,400
Other taxes and social security 1 -
12,366 13,508
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,396 2,396
Other taxes and social security - 3,702
VAT 10,404 5,993
Other creditors 292 33
Directors' loan accounts 19,066 18,826
32,158 30,950
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,264 5,660
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3