Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07904659 Mrs Kate Crichton Mrs Kate Crichton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07904659 2023-01-31 07904659 2024-01-31 07904659 2023-02-01 2024-01-31 07904659 frs-core:CurrentFinancialInstruments 2024-01-31 07904659 frs-core:Non-currentFinancialInstruments 2024-01-31 07904659 frs-core:ComputerEquipment 2024-01-31 07904659 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07904659 frs-core:ComputerEquipment 2023-01-31 07904659 frs-core:FurnitureFittings 2024-01-31 07904659 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07904659 frs-core:FurnitureFittings 2023-01-31 07904659 frs-core:PlantMachinery 2024-01-31 07904659 frs-core:PlantMachinery 2023-02-01 2024-01-31 07904659 frs-core:PlantMachinery 2023-01-31 07904659 frs-core:ShareCapital 2024-01-31 07904659 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07904659 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07904659 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07904659 frs-bus:SmallEntities 2023-02-01 2024-01-31 07904659 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07904659 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07904659 frs-bus:Director1 2023-02-01 2024-01-31 07904659 frs-bus:Director1 2023-01-31 07904659 frs-bus:Director1 2024-01-31 07904659 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 07904659 frs-countries:EnglandWales 2023-02-01 2024-01-31 07904659 2022-01-31 07904659 2023-01-31 07904659 2022-02-01 2023-01-31 07904659 frs-core:CurrentFinancialInstruments 2023-01-31 07904659 frs-core:Non-currentFinancialInstruments 2023-01-31 07904659 frs-core:ShareCapital 2023-01-31 07904659 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07904659
KC Screen Printing Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Ivybridge Accountants
41 Houndiscombe Road
Plymouth
Devon
PL4 6EX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07904659
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,790 15,111
12,790 15,111
CURRENT ASSETS
Stocks 5 6,000 5,000
Debtors 6 13,585 11,535
19,585 16,535
Creditors: Amounts Falling Due Within One Year 7 (23,396 ) (17,079 )
NET CURRENT ASSETS (LIABILITIES) (3,811 ) (544 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,979 14,567
Creditors: Amounts Falling Due After More Than One Year 8 (8,298 ) (13,298 )
NET ASSETS 681 1,269
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 680 1,268
SHAREHOLDERS' FUNDS 681 1,269
Page 1
Page 2
For the year ending 31 January 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 her 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
Mrs Kate Crichton
Director
03/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KC Screen Printing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07904659 . The registered office is Llanfair, 219 Callington Road, Saltash, Cornwall, PL12 6LN.
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 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 36,792 847 2,475 40,114
Additions - - 172 172
As at 31 January 2024 36,792 847 2,647 40,286
Depreciation
As at 1 February 2023 22,441 362 2,200 25,003
Provided during the period 2,153 73 267 2,493
As at 31 January 2024 24,594 435 2,467 27,496
...CONTINUED
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Page 4
Net Book Value
As at 31 January 2024 12,198 412 180 12,790
As at 1 February 2023 14,351 485 275 15,111
5. Stocks
2024 2023
£ £
Stock 6,000 5,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,105 1,400
Other debtors 11,480 10,135
13,585 11,535
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,319 3,017
Bank loans and overdrafts 14,895 12,855
Other creditors 1,233 808
Taxation and social security 3,949 399
23,396 17,079
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,298 13,298
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mrs Kate Crichton 8,605 2,905 2,905 - 8,603
The above loan is unsecured, interest free and repayable on demand.
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