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 07439087 Mr Graham Pell Mr Kevin Bagnall Mr Alex Pell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07439087 2022-12-31 07439087 2023-12-31 07439087 2023-01-01 2023-12-31 07439087 frs-core:CurrentFinancialInstruments 2023-12-31 07439087 frs-core:Non-currentFinancialInstruments 2023-12-31 07439087 frs-core:BetweenOneFiveYears 2023-12-31 07439087 frs-core:ComputerEquipment 2023-12-31 07439087 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07439087 frs-core:ComputerEquipment 2022-12-31 07439087 frs-core:FurnitureFittings 2023-12-31 07439087 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07439087 frs-core:FurnitureFittings 2022-12-31 07439087 frs-core:MotorVehicles 2023-12-31 07439087 frs-core:MotorVehicles 2023-01-01 2023-12-31 07439087 frs-core:MotorVehicles 2022-12-31 07439087 frs-core:PlantMachinery 2023-12-31 07439087 frs-core:PlantMachinery 2023-01-01 2023-12-31 07439087 frs-core:PlantMachinery 2022-12-31 07439087 frs-core:WithinOneYear 2023-12-31 07439087 frs-core:SharePremium 2023-12-31 07439087 frs-core:ShareCapital 2023-12-31 07439087 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07439087 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07439087 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07439087 frs-bus:SmallEntities 2023-01-01 2023-12-31 07439087 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07439087 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07439087 frs-core:DeferredTaxation 2023-01-01 2023-12-31 07439087 frs-core:DeferredTaxation 2022-12-31 07439087 frs-core:DeferredTaxation 2023-12-31 07439087 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07439087 frs-core:UnlistedNon-exchangeTraded 2022-12-31 07439087 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 07439087 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07439087 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07439087 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 07439087 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07439087 frs-bus:Director1 2023-01-01 2023-12-31 07439087 frs-bus:Director2 2023-01-01 2023-12-31 07439087 frs-bus:Director3 2023-01-01 2023-12-31 07439087 frs-core:CurrentFinancialInstruments 2 2023-12-31 07439087 frs-core:CurrentFinancialInstruments 4 2023-12-31 07439087 frs-core:CurrentFinancialInstruments 5 2023-12-31 07439087 frs-countries:EnglandWales 2023-01-01 2023-12-31 07439087 2021-12-31 07439087 2022-12-31 07439087 2022-01-01 2022-12-31 07439087 frs-core:CurrentFinancialInstruments 2022-12-31 07439087 frs-core:Non-currentFinancialInstruments 2022-12-31 07439087 frs-core:BetweenOneFiveYears 2022-12-31 07439087 frs-core:WithinOneYear 2022-12-31 07439087 frs-core:SharePremium 2022-12-31 07439087 frs-core:ShareCapital 2022-12-31 07439087 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07439087 frs-core:CurrentFinancialInstruments 2 2022-12-31 07439087 frs-core:CurrentFinancialInstruments 3 2022-12-31 07439087 frs-core:CurrentFinancialInstruments 4 2022-12-31 07439087 frs-core:CurrentFinancialInstruments 5 2022-12-31 07439087 frs-core:CurrentFinancialInstruments 9 2022-12-31
Registered number: 07439087
K.B. Industries UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07439087
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,821 12,564
Investments 5 - 100
20,821 12,664
CURRENT ASSETS
Stocks 119,386 39,988
Debtors 6 326,212 506,818
Cash at bank and in hand 104,546 376,152
550,144 922,958
Creditors: Amounts Falling Due Within One Year 7 (274,610 ) (617,340 )
NET CURRENT ASSETS (LIABILITIES) 275,534 305,618
TOTAL ASSETS LESS CURRENT LIABILITIES 296,355 318,282
Creditors: Amounts Falling Due After More Than One Year 8 (171,765 ) (220,516 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (3,789 ) (4,860 )
NET ASSETS 120,801 92,906
CAPITAL AND RESERVES
Called up share capital 11 200 200
Share premium account 114,940 114,940
Profit and Loss Account 5,661 (22,234 )
SHAREHOLDERS' FUNDS 120,801 92,906
Page 1
Page 2
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
Mr Graham Pell
Director
25/09/2024
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
K.B. Industries UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07439087 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. 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 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 8)
9 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 18,797 5,400 10,356 18,128 52,681
Additions - 3,203 8,672 3,321 15,196
As at 31 December 2023 18,797 8,603 19,028 21,449 67,877
Depreciation
As at 1 January 2023 13,512 3,691 8,126 14,788 40,117
Provided during the period 1,321 1,228 2,725 1,665 6,939
As at 31 December 2023 14,833 4,919 10,851 16,453 47,056
Net Book Value
As at 31 December 2023 3,964 3,684 8,177 4,996 20,821
As at 1 January 2023 5,285 1,709 2,230 3,340 12,564
5. Investments
Unlisted
£
Cost
As at 1 January 2023 100
Disposals (100 )
As at 31 December 2023 -
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 100
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 323,609 302,565
Prepayments and accrued income 528 183
PAYE & CIS debtor - 22,210
VAT 2,075 181,790
Directors' loan accounts - 70
326,212 506,818
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 173,499 432,471
Bank loans and overdrafts 40,000 10,000
Corporation tax 6,167 10,534
PAYE 15,389 -
Pension creditor 928 706
Other loan - 120,000
Credit Card 2,982 2,852
Retentions 2,640 -
Accruals and deferred income 4,021 3,377
Directors' loan accounts 4,984 13,400
Amounts owed to associates 24,000 24,000
274,610 617,340
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 96,583 24,167
Other loans - 101,167
Amounts owed to associates 75,182 95,182
171,765 220,516
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 3,789 4,860
Page 5
Page 6
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 4,860 4,860
Reversals (1,071 ) (1,071)
Balance at 31 December 2023 3,789 3,789
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 7,575 -
Later than one year and not later than five years 3,622 77,625
11,197 77,625
13. Related Party Transactions
The company is controlled by G Pell & Mr A Pell, directors of the company.
The balance on the directors' loan account of Mr. G Pell at 31st December 2023 was £4,984 
due from the company. (2022 -£13,400)
These are the shareholders of KBI UK Limited, as listed at Companies House:- 
John Maguire        66
Kevin Bagnall        71
Paul Bentley         15
Alison McCausland  3
Frederick Reyes    15
Graham Pell           8
Noel McLaughlin   12
Ian Bagnall            5
Elaine Bagnall        5
Page 6