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 07886006 Ms Jennifer Coan Mrs Esther Sharp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07886006 2022-12-31 07886006 2023-12-31 07886006 2023-01-01 2023-12-31 07886006 frs-core:CurrentFinancialInstruments 2023-12-31 07886006 frs-core:Non-currentFinancialInstruments 2023-12-31 07886006 frs-core:BetweenOneFiveYears 2023-12-31 07886006 frs-core:ComputerEquipment 2023-12-31 07886006 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07886006 frs-core:ComputerEquipment 2022-12-31 07886006 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 07886006 frs-core:PlantMachinery 2023-12-31 07886006 frs-core:PlantMachinery 2023-01-01 2023-12-31 07886006 frs-core:PlantMachinery 2022-12-31 07886006 frs-core:WithinOneYear 2023-12-31 07886006 frs-core:ShareCapital 2023-12-31 07886006 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07886006 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07886006 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07886006 frs-bus:SmallEntities 2023-01-01 2023-12-31 07886006 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07886006 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07886006 frs-bus:Director1 2023-01-01 2023-12-31 07886006 frs-bus:Director1 2022-12-31 07886006 frs-bus:Director1 2023-12-31 07886006 frs-bus:Director2 2023-01-01 2023-12-31 07886006 frs-countries:EnglandWales 2023-01-01 2023-12-31 07886006 2021-12-31 07886006 2022-12-31 07886006 2022-01-01 2022-12-31 07886006 frs-core:CurrentFinancialInstruments 2022-12-31 07886006 frs-core:Non-currentFinancialInstruments 2022-12-31 07886006 frs-core:BetweenOneFiveYears 2022-12-31 07886006 frs-core:WithinOneYear 2022-12-31 07886006 frs-core:ShareCapital 2022-12-31 07886006 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07886006
Kinolibrary Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Jupp Castle Limited
ACCA
5 Taplins Court
Taplins Farm Lane
Hartley Wintney
RG27 8XU
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07886006
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 89,336 61,714
89,336 61,714
CURRENT ASSETS
Debtors 6 819,106 784,935
Cash at bank and in hand 132,360 115,673
951,466 900,608
Creditors: Amounts Falling Due Within One Year 7 (276,211 ) (268,801 )
NET CURRENT ASSETS (LIABILITIES) 675,255 631,807
TOTAL ASSETS LESS CURRENT LIABILITIES 764,591 693,521
Creditors: Amounts Falling Due After More Than One Year 8 (15,125 ) (25,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,012 ) -
NET ASSETS 728,454 668,521
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 728,453 668,520
SHAREHOLDERS' FUNDS 728,454 668,521
Page 1
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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
Ms Jennifer Coan
Director
Mrs Esther Sharp
Director
19 September 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
Kinolibrary Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07886006 . The registered office is 5 Taplins Court, Taplins Farm Lane, Hartley Wintney, Hampshire, RG27 8XU.
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 from granting access to archive footage is recognised when the license fee is obtained. 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 license fees and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are archive footage. It is amortised to the profit and loss account over its estimated economic life.
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:
Plant & Machinery 25% straight line
Computer Equipment 25% straight line
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: 20 (2022: 18)
20 18
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 87,016 97,808 184,824
Additions 61,040 2,909 63,949
As at 31 December 2023 148,056 100,717 248,773
Depreciation
As at 1 January 2023 57,837 65,273 123,110
Provided during the period 11,172 25,155 36,327
As at 31 December 2023 69,009 90,428 159,437
Net Book Value
As at 31 December 2023 79,047 10,289 89,336
As at 1 January 2023 29,179 32,535 61,714
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 21,722 62,239
Other debtors 111,512 49,172
133,234 111,411
Due after more than one year
Amounts owed by group undertakings 373,452 361,104
Other debtors 312,420 312,420
685,872 673,524
819,106 784,935
At the year end £373,452 (2022: £361,104) was owed to the company by Kinolibrary Group Holdings Limited, which is the parent company.  £312,420 (2022: £312,420) was owed to the company by Kinolibrary Rights Limited which is a company under common control. 
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 29,160 17,828
Bank loans and overdrafts 10,648 28,118
Other creditors 141,345 131,931
Taxation and social security 95,058 90,924
276,211 268,801
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,125 25,000
15,125 25,000
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 32,482 9,750
Later than one year and not later than five years 10,749 -
43,231 9,750
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Ms Jennifer Coan 9,745 - - - 9,745
The above loan is unsecured, interest free and repayable on demand.
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