Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 9 May 2022 false 1 June 2023 31 May 2024 31 May 2024 14094243 Mr Kevin Torode Mr Robert Torode iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14094243 2023-05-31 14094243 2024-05-31 14094243 2023-06-01 2024-05-31 14094243 frs-core:CurrentFinancialInstruments 2024-05-31 14094243 frs-core:Non-currentFinancialInstruments 2024-05-31 14094243 frs-core:ComputerEquipment 2024-05-31 14094243 frs-core:ComputerEquipment 2023-06-01 2024-05-31 14094243 frs-core:ComputerEquipment 2023-05-31 14094243 frs-core:FurnitureFittings 2024-05-31 14094243 frs-core:FurnitureFittings 2023-06-01 2024-05-31 14094243 frs-core:FurnitureFittings 2023-05-31 14094243 frs-core:MotorVehicles 2024-05-31 14094243 frs-core:MotorVehicles 2023-06-01 2024-05-31 14094243 frs-core:MotorVehicles 2023-05-31 14094243 frs-core:ShareCapital 2024-05-31 14094243 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14094243 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14094243 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 14094243 frs-bus:SmallEntities 2023-06-01 2024-05-31 14094243 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14094243 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14094243 frs-bus:Director1 2023-06-01 2024-05-31 14094243 frs-bus:Director1 2023-05-31 14094243 frs-bus:Director1 2024-05-31 14094243 frs-bus:Director2 2023-06-01 2024-05-31 14094243 frs-bus:Director2 2023-05-31 14094243 frs-bus:Director2 2024-05-31 14094243 frs-core:CurrentFinancialInstruments 1 2024-05-31 14094243 frs-countries:EnglandWales 2023-06-01 2024-05-31 14094243 2022-05-08 14094243 2023-05-31 14094243 2022-05-09 2023-05-31 14094243 frs-core:CurrentFinancialInstruments 2023-05-31 14094243 frs-core:Non-currentFinancialInstruments 2023-05-31 14094243 frs-core:ShareCapital 2023-05-31 14094243 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 14094243 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 14094243
K & R Decorators Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14094243
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,225 28,994
30,225 28,994
CURRENT ASSETS
Debtors 5 1,681 -
Cash at bank and in hand 10,389 9,667
12,070 9,667
Creditors: Amounts Falling Due Within One Year 6 (21,306 ) (46,959 )
NET CURRENT ASSETS (LIABILITIES) (9,236 ) (37,292 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,989 (8,298 )
Creditors: Amounts Falling Due After More Than One Year 7 (12,815 ) (6,785 )
NET ASSETS/(LIABILITIES) 8,174 (15,083 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 7,174 (16,083 )
SHAREHOLDERS' FUNDS 8,174 (15,083)
Page 1
Page 2
For the year ending 31 May 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 Kevin Torode
Director
09/10/2024
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
K & R Decorators Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14094243 . The registered office is 51 St Mary's Road, Tonbridge , Kent, TN9 2LE.
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:
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 33% Straight Line Method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 10,000 28,500 179 38,679
Additions 18,845 - - 18,845
Disposals (10,000 ) - - (10,000 )
As at 31 May 2024 18,845 28,500 179 47,524
Depreciation
As at 1 June 2023 2,500 7,125 60 9,685
Provided during the period 4,711 5,344 59 10,114
Disposals (2,500 ) - - (2,500 )
As at 31 May 2024 4,711 12,469 119 17,299
Net Book Value
As at 31 May 2024 14,134 16,031 60 30,225
As at 1 June 2023 7,500 21,375 119 28,994
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Page 4
5. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
VAT 1,681 -
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Trade creditors 19 -
Bank loans and overdrafts 2,720 2,797
VAT - 3,795
HP Loan - WR19ZZF < 1 year 2,739 635
Credit Card 842 -
Accruals and deferred income 1,440 1,000
Directors' loan accounts 13,546 38,732
21,306 46,959
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 May 2023
£ £
Bank loans 4,371 6,785
HP Loan - WR19ZZF > 1 year 8,444 -
12,815 6,785
8. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Kevin Torode 34,094 (32,479 ) 9,943 - (11,558 )
Mr Robert Torode 4,638 (11,534 ) 8,885 - (1,989 )
The above loan is unsecured, interest free and repayable on demand.
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