Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 8355263 Mrs Kathleen Fearon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8355263 2023-01-31 8355263 2024-01-31 8355263 2023-02-01 2024-01-31 8355263 frs-core:CurrentFinancialInstruments 2024-01-31 8355263 frs-core:ComputerEquipment 2024-01-31 8355263 frs-core:ComputerEquipment 2023-02-01 2024-01-31 8355263 frs-core:ComputerEquipment 2023-01-31 8355263 frs-core:FurnitureFittings 2024-01-31 8355263 frs-core:FurnitureFittings 2023-02-01 2024-01-31 8355263 frs-core:FurnitureFittings 2023-01-31 8355263 frs-core:ShareCapital 2024-01-31 8355263 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 8355263 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 8355263 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 8355263 frs-bus:SmallEntities 2023-02-01 2024-01-31 8355263 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 8355263 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 8355263 frs-bus:Director1 2023-02-01 2024-01-31 8355263 frs-countries:EnglandWales 2023-02-01 2024-01-31 8355263 2022-01-31 8355263 2023-01-31 8355263 2022-02-01 2023-01-31 8355263 frs-core:CurrentFinancialInstruments 2023-01-31 8355263 frs-core:ShareCapital 2023-01-31 8355263 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 8355263
KF Account Services Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
KF Account Services Limited
Pasture House
Meadowfield
Carlisle
Cumbria
CA6 4HE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 8355263
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,315 1,419
1,315 1,419
CURRENT ASSETS
Debtors 5 8,452 9,409
Cash at bank and in hand 164,062 159,517
172,514 168,926
Creditors: Amounts Falling Due Within One Year 6 (13,731 ) (15,852 )
NET CURRENT ASSETS (LIABILITIES) 158,783 153,074
TOTAL ASSETS LESS CURRENT LIABILITIES 160,098 154,493
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (226 ) -
NET ASSETS 159,872 154,493
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 159,871 154,492
SHAREHOLDERS' FUNDS 159,872 154,493
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 Kathleen Fearon
Director
14/10/2024
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
KF Account Services Ltd Registered number 8355263 is a limited by shares company incorporated in England & Wales. The Registered Office is 7 Meadowfield, Harker Road Ends, Carlisle, Cumbria, CA6 4HE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company. The company was not VAT registered and did not give any trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 20%
Computer Equipment 20%
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Pensions
The company pays a contribution in to a personal pension scheme of the director. Contributions are charged to the profit and loss account as they become payable.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 2,119 4,290 6,409
Additions - 539 539
Disposals - (723 ) (723 )
As at 31 January 2024 2,119 4,106 6,225
Depreciation
As at 1 February 2023 1,909 3,081 4,990
Provided during the period 79 564 643
Disposals - (723 ) (723 )
As at 31 January 2024 1,988 2,922 4,910
Net Book Value
As at 31 January 2024 131 1,184 1,315
As at 1 February 2023 210 1,209 1,419
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,452 9,135
Other debtors - 500
Deferred tax current asset - (226)
8,452 9,409
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7 81
Bank loans and overdrafts - 11,258
Corporation tax 2,490 3,931
PAYE & NI 514 582
Director's loan account 10,720 -
13,731 15,852
7. Deferred Taxation
The provision for deferred taxation is the difference between the depreciation and capital allowances
2024 2023
£ £
Other timing differences 226 -
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 5,000 5,000
5,000 5,000
The company paid dividends during the year totalling £5,000 to Mrs Kathleen Fearon.
Page 5