Acorah Software Products - Accounts Production 15.0.600 false true false 1 April 2023 31 March 2024 31 March 2024 09451521 Mr Brendan John KELLY Mr Gabriel-Valentin Predescu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09451521 2023-03-31 09451521 2024-03-31 09451521 2023-04-01 2024-03-31 09451521 frs-core:CurrentFinancialInstruments 2024-03-31 09451521 frs-core:Non-currentFinancialInstruments 2024-03-31 09451521 frs-core:ComputerEquipment 2024-03-31 09451521 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09451521 frs-core:ComputerEquipment 2023-03-31 09451521 frs-core:FurnitureFittings 2024-03-31 09451521 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09451521 frs-core:FurnitureFittings 2023-03-31 09451521 frs-core:PlantMachinery 2024-03-31 09451521 frs-core:PlantMachinery 2023-04-01 2024-03-31 09451521 frs-core:PlantMachinery 2023-03-31 09451521 frs-core:RevaluationReserve 2023-04-01 2024-03-31 09451521 frs-core:RevaluationReserve 2024-03-31 09451521 frs-core:ShareCapital 2024-03-31 09451521 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09451521 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09451521 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09451521 frs-bus:SmallEntities 2023-04-01 2024-03-31 09451521 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09451521 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09451521 frs-bus:Director1 2023-04-01 2024-03-31 09451521 frs-bus:Director2 2023-04-01 2024-03-31 09451521 frs-countries:EnglandWales 2023-04-01 2024-03-31
Registered number: 09451521
Kgbp Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
67 Meridian Centre
Havant
Hampshire
PO9 1UN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09451521
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,727
1,727
CURRENT ASSETS
Stocks 5 17,998
Debtors 6 23,470
Cash at bank and in hand 5,154
46,622
Creditors: Amounts Falling Due Within One Year 7 (88,124 )
NET CURRENT ASSETS (LIABILITIES) (41,502 )
TOTAL ASSETS LESS CURRENT LIABILITIES (39,775 )
Creditors: Amounts Falling Due After More Than One Year 8 (291,487 )
NET LIABILITIES (331,262 )
CAPITAL AND RESERVES
Called up share capital 9 100
Revaluation reserve 10 (414,724 )
Profit and Loss Account 83,362
SHAREHOLDERS' FUNDS (331,262)
Page 1
Page 2
For the year ending 31 March 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 Brendan John KELLY
Director
Mr Gabriel-Valentin Predescu
Director
15/10/2024
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
Kgbp Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09451521 . The registered office is Unit 9 Oundle Marina Barnwell Road, Oundle, Peterborough, PE8 5PB.
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 20% straight line depreciation
Fixtures & Fittings 20% straight line depreciation
Computer Equipment 25% straight line depreciation
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: 10
10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 - - - -
Additions 50,125 1,160 51,047 102,332
As at 31 March 2024 50,125 1,160 51,047 102,332
Depreciation
As at 1 April 2023 - - - -
On revaluations 50,088 - 50,517 100,605
As at 31 March 2024 50,088 - 50,517 100,605
...CONTINUED
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Net Book Value
As at 31 March 2024 37 1,160 530 1,727
As at 1 April 2023 - - - -
5. Stocks
2024
£
Stock 17,998
6. Debtors
2024
£
Due within one year
Trade debtors 11,267
Other debtors 12,203
23,470
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 1
Bank loans and overdrafts 3,155
Other creditors 84,968
88,124
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Trade creditors 135,542
Other creditors 155,945
291,487
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
10. Reserves
Revaluation Reserve
£
Transfer to profit and loss (414,724 )
As at 31 March 2024 (414,724 )
Page 4