Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09236830 Mr Kevin Gill Mr Jake Townsend Mr Stephen Townsend iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09236830 2023-02-28 09236830 2024-02-29 09236830 2023-03-01 2024-02-29 09236830 frs-core:CurrentFinancialInstruments 2024-02-29 09236830 frs-core:Non-currentFinancialInstruments 2024-02-29 09236830 frs-core:BetweenOneFiveYears 2024-02-29 09236830 frs-core:ComputerEquipment 2024-02-29 09236830 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09236830 frs-core:ComputerEquipment 2023-02-28 09236830 frs-core:FurnitureFittings 2024-02-29 09236830 frs-core:FurnitureFittings 2023-03-01 2024-02-29 09236830 frs-core:FurnitureFittings 2023-02-28 09236830 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 09236830 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09236830 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 09236830 frs-core:MotorVehicles 2024-02-29 09236830 frs-core:MotorVehicles 2023-03-01 2024-02-29 09236830 frs-core:MotorVehicles 2023-02-28 09236830 frs-core:PlantMachinery 2024-02-29 09236830 frs-core:PlantMachinery 2023-03-01 2024-02-29 09236830 frs-core:PlantMachinery 2023-02-28 09236830 frs-core:WithinOneYear 2024-02-29 09236830 frs-core:ShareCapital 2024-02-29 09236830 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09236830 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09236830 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09236830 frs-bus:SmallEntities 2023-03-01 2024-02-29 09236830 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09236830 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09236830 frs-bus:Director1 2023-03-01 2024-02-29 09236830 frs-bus:Director2 2023-03-01 2024-02-29 09236830 frs-bus:Director3 2023-03-01 2024-02-29 09236830 frs-countries:EnglandWales 2023-03-01 2024-02-29 09236830 2022-02-28 09236830 2023-02-28 09236830 2022-03-01 2023-02-28 09236830 frs-core:CurrentFinancialInstruments 2023-02-28 09236830 frs-core:Non-currentFinancialInstruments 2023-02-28 09236830 frs-core:BetweenOneFiveYears 2023-02-28 09236830 frs-core:WithinOneYear 2023-02-28 09236830 frs-core:ShareCapital 2023-02-28 09236830 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09236830
Keljay Shotblasting & Refurbishments Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Solutions 4 Tax Ltd
Chartered Certified Accountants
2 Porter Drive
Alfreton
Derbyshire
DE55 7QY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09236830
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 162,042 180,499
Investment Properties 5 438,375 438,375
600,417 618,874
CURRENT ASSETS
Stocks 6 1,653 1,574
Debtors 7 64,189 71,864
Cash at bank and in hand 31,133 34,765
96,975 108,203
Creditors: Amounts Falling Due Within One Year 8 (144,084 ) (102,851 )
NET CURRENT ASSETS (LIABILITIES) (47,109 ) 5,352
TOTAL ASSETS LESS CURRENT LIABILITIES 553,308 624,226
Creditors: Amounts Falling Due After More Than One Year 9 (297,735 ) (349,875 )
NET ASSETS 255,573 274,351
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 255,473 274,251
SHAREHOLDERS' FUNDS 255,573 274,351
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For the year ending 29 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 Stephen Townsend
Director
09/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Keljay Shotblasting & Refurbishments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09236830 . The registered office is Keljay Shotblasting Ltd Salcombe Road, Meadow Lane Ind Est, Derbyshire, DE55 7RG.
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:
Freehold 2% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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2.7. 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
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2023 134,251 121,265 158,868 339
As at 29 February 2024 134,251 121,265 158,868 339
Depreciation
As at 1 March 2023 16,788 105,251 112,034 188
Provided during the period 2,685 4,003 11,709 23
As at 29 February 2024 19,473 109,254 123,743 211
Net Book Value
As at 29 February 2024 114,778 12,011 35,125 128
As at 1 March 2023 117,463 16,014 46,834 151
Computer Equipment Total
£ £
Cost
As at 1 March 2023 1,862 416,585
As at 29 February 2024 1,862 416,585
...CONTINUED
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Depreciation
As at 1 March 2023 1,825 236,086
Provided during the period 37 18,457
As at 29 February 2024 1,862 254,543
Net Book Value
As at 29 February 2024 - 162,042
As at 1 March 2023 37 180,499
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 438,375
6. Stocks
2024 2023
£ £
Stock 1,653 1,574
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 59,775 67,480
Prepayments and accrued income 516 486
Other debtors 3,823 3,823
Directors' loan accounts 75 75
64,189 71,864
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,470 15,470
Trade creditors 29,986 18,789
Bank loans and overdrafts 36,670 36,670
Corporation tax 8,483 24,760
Other taxes and social security 755 524
VAT 6,824 5,901
Other creditors 45,196 137
Accruals and deferred income 700 600
144,084 102,851
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 962 16,432
Bank loans 296,773 333,443
297,735 349,875
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,470 15,470
Later than one year and not later than five years 962 16,432
16,432 31,902
16,432 31,902
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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