Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 06306538 Mr Justin Humphryes Mrs Sylvie Humphryes Mrs Sylvie Humphryes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06306538 2023-02-28 06306538 2024-02-29 06306538 2023-03-01 2024-02-29 06306538 frs-core:CurrentFinancialInstruments 2024-02-29 06306538 frs-core:BetweenOneFiveYears 2024-02-29 06306538 frs-core:FurnitureFittings 2024-02-29 06306538 frs-core:FurnitureFittings 2023-03-01 2024-02-29 06306538 frs-core:FurnitureFittings 2023-02-28 06306538 frs-core:PlantMachinery 2024-02-29 06306538 frs-core:PlantMachinery 2023-03-01 2024-02-29 06306538 frs-core:PlantMachinery 2023-02-28 06306538 frs-core:WithinOneYear 2024-02-29 06306538 frs-core:ShareCapital 2024-02-29 06306538 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06306538 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06306538 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 06306538 frs-bus:SmallEntities 2023-03-01 2024-02-29 06306538 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06306538 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06306538 frs-bus:Director1 2023-03-01 2024-02-29 06306538 frs-bus:Director2 2023-03-01 2024-02-29 06306538 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 06306538 frs-countries:EnglandWales 2023-03-01 2024-02-29 06306538 2022-02-28 06306538 2023-02-28 06306538 2022-03-01 2023-02-28 06306538 frs-core:CurrentFinancialInstruments 2023-02-28 06306538 frs-core:BetweenOneFiveYears 2023-02-28 06306538 frs-core:WithinOneYear 2023-02-28 06306538 frs-core:ShareCapital 2023-02-28 06306538 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 06306538
KLM Storage (Midlands) Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Charlton Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06306538
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,999 76,363
71,999 76,363
CURRENT ASSETS
Debtors 5 274,554 276,328
Cash at bank and in hand 321,947 452,804
596,501 729,132
Creditors: Amounts Falling Due Within One Year 6 (179,992 ) (213,514 )
NET CURRENT ASSETS (LIABILITIES) 416,509 515,618
TOTAL ASSETS LESS CURRENT LIABILITIES 488,508 591,981
NET ASSETS 488,508 591,981
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 488,507 591,980
SHAREHOLDERS' FUNDS 488,508 591,981
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For the year ending 29 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 Income Statement.
On behalf of the board
Mr Justin Humphryes
Director
05/09/2024
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
KLM Storage (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06306538 . The registered office is Unit 349 Rushock Trading Estate, Droitwich Road, Droitwich Spa, Worcestershire, WR9 0NR.
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 20
Fixtures & Fittings 20
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 89,807 33,232 123,039
Additions 16,193 4,292 20,485
As at 29 February 2024 106,000 37,524 143,524
Depreciation
As at 1 March 2023 19,028 27,648 46,676
Provided during the period 21,199 3,650 24,849
As at 29 February 2024 40,227 31,298 71,525
Net Book Value
As at 29 February 2024 65,773 6,226 71,999
As at 1 March 2023 70,779 5,584 76,363
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 147,682 157,544
Prepayments and accrued income 126,672 118,784
Other debtors-Employee Loan 200 -
274,554 276,328
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 154,163 133,719
Corporation tax - 26,461
Other taxes and social security 8,138 6,396
VAT 7,463 41,434
Other creditors 442 -
Directors' loan accounts 125 125
Amounts owed to associates 9,661 5,379
179,992 213,514
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 13,181 10,395
Later than one year and not later than five years 5,530 4,544
18,711 14,939
9. Related Party Transactions
KLM Storage Ltd is the 100% shareholder in KLM Storage (Midlands) Ltd.
The directors in KLM Storage Ltd are also directors in KLM Storage (Midlands) Ltd.
KLM Storage Ltd owns the freehold property where KLM Storage (Midlands) Ltd trades from

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