Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13177642 Mr Ross Rowe Mr Liam Rowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13177642 2023-02-28 13177642 2024-02-28 13177642 2023-03-01 2024-02-28 13177642 frs-core:CurrentFinancialInstruments 2024-02-28 13177642 frs-core:Non-currentFinancialInstruments 2024-02-28 13177642 frs-core:ComputerEquipment 2024-02-28 13177642 frs-core:ComputerEquipment 2023-03-01 2024-02-28 13177642 frs-core:ComputerEquipment 2023-02-28 13177642 frs-core:MotorVehicles 2024-02-28 13177642 frs-core:MotorVehicles 2023-03-01 2024-02-28 13177642 frs-core:MotorVehicles 2023-02-28 13177642 frs-core:PlantMachinery 2024-02-28 13177642 frs-core:PlantMachinery 2023-03-01 2024-02-28 13177642 frs-core:PlantMachinery 2023-02-28 13177642 frs-core:ShareCapital 2024-02-28 13177642 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13177642 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13177642 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13177642 frs-bus:SmallEntities 2023-03-01 2024-02-28 13177642 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13177642 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13177642 frs-bus:Director1 2023-03-01 2024-02-28 13177642 frs-bus:Director2 2023-03-01 2024-02-28 13177642 frs-core:CurrentFinancialInstruments 1 2024-02-28 13177642 frs-countries:EnglandWales 2023-03-01 2024-02-28 13177642 2022-02-28 13177642 2023-02-28 13177642 2022-03-01 2023-02-28 13177642 frs-core:CurrentFinancialInstruments 2023-02-28 13177642 frs-core:Non-currentFinancialInstruments 2023-02-28 13177642 frs-core:ShareCapital 2023-02-28 13177642 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 13177642 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 13177642
Kernow Cable Connections Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
A J Dance Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13177642
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 174,507 76,375
174,507 76,375
CURRENT ASSETS
Debtors 5 128,734 410,603
Cash at bank and in hand 504,281 221,713
633,015 632,316
Creditors: Amounts Falling Due Within One Year 6 (194,013 ) (248,817 )
NET CURRENT ASSETS (LIABILITIES) 439,002 383,499
TOTAL ASSETS LESS CURRENT LIABILITIES 613,509 459,874
Creditors: Amounts Falling Due After More Than One Year 7 - (15,044 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,324 ) (13,002 )
NET ASSETS 581,185 431,828
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 581,183 431,826
SHAREHOLDERS' FUNDS 581,185 431,828
Page 1
Page 2
For the year ending 28 February 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 Ross Rowe
Director
06/09/2024
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
Kernow Cable Connections Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13177642 . The registered office is 23 Trelawney Gardens, Pensilva, Liskeard, Cornwall, PL14 5PL.
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
Computer Equipment 25% reducing balance
2.4. 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
16Average number of employees, including directors, during the year was: 15 (2023: 11)
15 11
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 7,680 104,325 379 112,384
Additions - 133,391 - 133,391
Disposals - (7,000 ) - (7,000 )
As at 28 February 2024 7,680 230,716 379 238,775
Depreciation
As at 1 March 2023 2,123 33,507 379 36,009
Provided during the period 834 32,513 - 33,347
Disposals - (5,088 ) - (5,088 )
As at 28 February 2024 2,957 60,932 379 64,268
Net Book Value
As at 28 February 2024 4,723 169,784 - 174,507
As at 1 March 2023 5,557 70,818 - 76,375
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 128,734 214,537
Other debtors - 196,066
128,734 410,603
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,295 2,604
Bank loans and overdrafts - 4,486
Corporation tax 47,068 100,427
Other taxes and social security 25,442 8,595
VAT 20,619 36,392
Other creditors 12,197 5,706
Credit card 212 294
Directors' loan accounts 85,180 90,313
194,013 248,817
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 15,044
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5