Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03885749 Mr R Verner Mr J K Larsen Ms A M Kristensen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03885749 2023-06-30 03885749 2024-06-30 03885749 2023-07-01 2024-06-30 03885749 frs-core:CurrentFinancialInstruments 2024-06-30 03885749 frs-core:Non-currentFinancialInstruments 2024-06-30 03885749 frs-core:MotorVehicles 2024-06-30 03885749 frs-core:MotorVehicles 2023-07-01 2024-06-30 03885749 frs-core:MotorVehicles 2023-06-30 03885749 frs-core:WithinOneYear 2024-06-30 03885749 frs-core:ShareCapital 2024-06-30 03885749 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03885749 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03885749 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03885749 frs-bus:SmallEntities 2023-07-01 2024-06-30 03885749 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03885749 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03885749 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 03885749 frs-bus:OrdinaryShareClass1 2024-06-30 03885749 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 03885749 frs-bus:OrdinaryShareClass3 2024-06-30 03885749 frs-core:CostValuation 2023-06-30 03885749 frs-core:CostValuation 2024-06-30 03885749 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 03885749 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 03885749 frs-bus:Director1 2023-07-01 2024-06-30 03885749 frs-bus:Director2 2023-07-01 2024-06-30 03885749 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03885749 frs-countries:EnglandWales 2023-07-01 2024-06-30 03885749 2022-06-30 03885749 2023-06-30 03885749 2022-07-01 2023-06-30 03885749 frs-core:CurrentFinancialInstruments 2023-06-30 03885749 frs-core:Non-currentFinancialInstruments 2023-06-30 03885749 frs-core:BetweenOneFiveYears 2023-06-30 03885749 frs-core:WithinOneYear 2023-06-30 03885749 frs-core:ShareCapital 2023-06-30 03885749 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 03885749 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 03885749 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30
Registered number: 03885749
Kel-Berg Finance Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03885749
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,771 39,694
Investments 5 75 75
29,846 39,769
CURRENT ASSETS
Debtors 6 568,968 1,728,249
Cash at bank and in hand 1,599,960 540,323
2,168,928 2,268,572
Creditors: Amounts Falling Due Within One Year 7 (168,418 ) (221,103 )
NET CURRENT ASSETS (LIABILITIES) 2,000,510 2,047,469
TOTAL ASSETS LESS CURRENT LIABILITIES 2,030,356 2,087,238
Creditors: Amounts Falling Due After More Than One Year 8 - (35,179 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,443 ) (9,924 )
NET ASSETS 2,022,913 2,042,135
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 2,022,812 2,042,034
SHAREHOLDERS' FUNDS 2,022,913 2,042,135
Page 1
Page 2
For the year ending 30 June 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 J K Larsen
Director
11 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kel-Berg Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03885749 . The registered office is Kel-Berg House Middleton Stoney Road, Weston On The Green Bicester, Oxfordshire, OX25 3TH.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary 
amounts in these financial statements are rounded to the nearest £1.
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not
about its group.
Kel-Berg Finance Limited is the parent company of Kel-Berg Used Limited. The registered office address is Middleton Stoney Road, Weston-on-the-Green, Bicester, Oxfordshire, OX25 3TH. 
2.2. Turnover
Turnover represents amounts receivable in respect of operating lease rentals and for services of the provision of funding net of VAT.
Income in respect of the operating lease rentals is recognised on a receivable basis in accordance with the lease terms.
Commission is recognised when notified by financiers of commissions receivable.
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:
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account 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 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 July 2023 73,636
As at 30 June 2024 73,636
Depreciation
As at 1 July 2023 33,942
Provided during the period 9,923
As at 30 June 2024 43,865
Net Book Value
As at 30 June 2024 29,771
As at 1 July 2023 39,694
5. Investments
Subsidiaries
£
Cost
As at 1 July 2023 75
As at 30 June 2024 75
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 75
As at 1 July 2023 75
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,730 1,182
Amounts owed by participating interests 559,140 1,726,969
Other debtors 98 98
568,968 1,728,249
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,181 12,207
Trade creditors 1,134 4,982
Corporation tax 112,740 150,905
VAT 17,638 51,284
Accruals and deferred income 1,725 1,725
168,418 221,103
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 35,179
- 35,179
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,181 12,207
Later than one year and not later than five years - 35,179
35,181 47,386
35,181 47,386
10. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
1 Ordinary B shares of £ 1.00 each 1 1
101 101
Page 5
Page 6
11. Related Party Transactions
As at the 30 June 2024 the company was owed £21,547 (2023: £996,674), in the form of a loan, from Kel-Berg Trailer and Trucks Limited. A company controlled by the director Mr J Larson.
The company also had a loan owed by Kel-Berg Used Limited, a subsidiary of the company, totalling £537,593 (2023:£530,295). 
The company has recevied all amounts owing from Kel-Berg Contracts Limited, a company under common control, in the year (2023: £200,000). 
These loans are interest free. 
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