Acorah Software Products - Accounts Production 15.0.600 false true false 2 March 2023 31 December 2023 31 December 2023 14700713 Mr Jason Holder iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14700713 2023-03-01 14700713 2023-12-31 14700713 2023-03-02 2023-12-31 14700713 frs-core:CurrentFinancialInstruments 2023-12-31 14700713 frs-core:Non-currentFinancialInstruments 2023-12-31 14700713 frs-core:ComputerEquipment 2023-12-31 14700713 frs-core:ComputerEquipment 2023-03-02 2023-12-31 14700713 frs-core:ComputerEquipment 2023-03-01 14700713 frs-core:FurnitureFittings 2023-12-31 14700713 frs-core:FurnitureFittings 2023-03-02 2023-12-31 14700713 frs-core:FurnitureFittings 2023-03-01 14700713 frs-core:NetGoodwill 2023-12-31 14700713 frs-core:NetGoodwill 2023-03-02 2023-12-31 14700713 frs-core:NetGoodwill 2023-03-01 14700713 frs-core:PlantMachinery 2023-12-31 14700713 frs-core:PlantMachinery 2023-03-02 2023-12-31 14700713 frs-core:PlantMachinery 2023-03-01 14700713 frs-core:ShareCapital 2023-12-31 14700713 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14700713 frs-bus:PrivateLimitedCompanyLtd 2023-03-02 2023-12-31 14700713 frs-bus:FilletedAccounts 2023-03-02 2023-12-31 14700713 frs-bus:SmallEntities 2023-03-02 2023-12-31 14700713 frs-bus:AuditExempt-NoAccountantsReport 2023-03-02 2023-12-31 14700713 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-02 2023-12-31 14700713 frs-bus:Director1 2023-03-02 2023-12-31 14700713 frs-countries:EnglandWales 2023-03-02 2023-12-31
Registered number: 14700713
Keith Avis Printers Ltd
Unaudited Financial Statements
For the Period 2 March 2023 to 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14700713
31 December 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 112,728
Tangible Assets 5 37,880
150,608
CURRENT ASSETS
Stocks 6 3,000
Debtors 7 57,681
Cash at bank and in hand 32,603
93,284
Creditors: Amounts Falling Due Within One Year 8 (61,102 )
NET CURRENT ASSETS (LIABILITIES) 32,182
TOTAL ASSETS LESS CURRENT LIABILITIES 182,790
Creditors: Amounts Falling Due After More Than One Year 9 (148,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,675 )
NET ASSETS 32,115
CAPITAL AND RESERVES
Called up share capital 10 200
Profit and Loss Account 31,915
SHAREHOLDERS' FUNDS 32,115
Page 1
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For the period 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 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 Jason Holder
Director
26th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keith Avis Printers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14700713 . The registered office is 9 Byford Court, Crockatt Road, Hadleigh, Ipswich, Suffolk, IP7 6RD.
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 represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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.
2.6. 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 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 period was: NIL
-
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4. Intangible Assets
Goodwill
£
Cost
As at 2 March 2023 -
Additions 125,253
As at 31 December 2023 125,253
Amortisation
As at 2 March 2023 -
Provided during the period 12,525
As at 31 December 2023 12,525
Net Book Value
As at 31 December 2023 112,728
As at 2 March 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 2 March 2023 - - - -
Additions 44,850 2,060 3,597 50,507
As at 31 December 2023 44,850 2,060 3,597 50,507
Depreciation
As at 2 March 2023 - - - -
Provided during the period 11,213 515 899 12,627
As at 31 December 2023 11,213 515 899 12,627
Net Book Value
As at 31 December 2023 33,637 1,545 2,698 37,880
As at 2 March 2023 - - - -
6. Stocks
31 December 2023
£
Stock 3,000
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7. Debtors
31 December 2023
£
Due within one year
Trade debtors 30,551
Amounts owed by participating interests 26,167
Other debtors 963
57,681
8. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 35,565
Other creditors 12,640
Taxation and social security 12,897
61,102
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2023
£
Other loans 148,000
148,000
10. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 200
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