Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11988397 Mr Keith Langan Keith Langan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11988397 2023-05-31 11988397 2024-05-31 11988397 2023-06-01 2024-05-31 11988397 frs-core:CurrentFinancialInstruments 2024-05-31 11988397 frs-core:Non-currentFinancialInstruments 2024-05-31 11988397 frs-core:FurnitureFittings 2024-05-31 11988397 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11988397 frs-core:FurnitureFittings 2023-05-31 11988397 frs-core:ShareCapital 2024-05-31 11988397 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11988397 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11988397 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11988397 frs-bus:SmallEntities 2023-06-01 2024-05-31 11988397 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11988397 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11988397 1 2023-06-01 2024-05-31 11988397 frs-bus:Director1 2023-06-01 2024-05-31 11988397 frs-countries:EnglandWales 2023-06-01 2024-05-31 11988397 2022-05-31 11988397 2023-05-31 11988397 2022-06-01 2023-05-31 11988397 frs-core:CurrentFinancialInstruments 2023-05-31 11988397 frs-core:Non-currentFinancialInstruments 2023-05-31 11988397 frs-core:ShareCapital 2023-05-31 11988397 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11988397
KJML Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Calculated Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11988397
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,325 4,433
Investment Properties 5 388,862 388,924
392,187 393,357
CURRENT ASSETS
Debtors 6 2,367 2,335
Cash at bank and in hand 6,087 15,824
8,454 18,159
Creditors: Amounts Falling Due Within One Year 7 (178 ) (12,773 )
NET CURRENT ASSETS (LIABILITIES) 8,276 5,386
TOTAL ASSETS LESS CURRENT LIABILITIES 400,463 398,743
Creditors: Amounts Falling Due After More Than One Year 8 (411,802 ) (411,262 )
NET LIABILITIES (11,339 ) (12,519 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (11,439 ) (12,619 )
SHAREHOLDERS' FUNDS (11,339) (12,519)
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Page 2
For the year ending 31 May 2024 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 Keith Langan
Director
13/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
KJML Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11988397 . The registered office is 15 The Limes Newport, Isle Of Wight, PO30 5FT.
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 Reducing balance method @25%
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2023 7,315
As at 31 May 2024 7,315
Depreciation
As at 1 June 2023 2,882
Provided during the period 1,108
As at 31 May 2024 3,990
Net Book Value
As at 31 May 2024 3,325
As at 1 June 2023 4,433
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5. Investment Property
2024
£
Fair Value
As at 1 June 2023 388,924
Disposals (62 )
As at 31 May 2024 388,862
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,367 2,335
2,367 2,335
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 178 12,773
178 12,773
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 275,192 275,192
Directors loan account 136,610 136,070
411,802 411,262
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
In the year the directors provided the company with an unsecured loan. The balance at the year end was £136,610 (2023 £136,070). There is no interest charged on the loan and there are no fixed repayment terms.
11. Ultimate Controlling Party
The company's ultimate controlling party is Keith Langan by virtue of his ownership of 100% of the issued share capital in the company.
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