Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11127233 Mrs Alison Canning Mr Simon Canning Mrs Colette Knight Mr Stephen Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11127233 2023-03-31 11127233 2024-03-31 11127233 2023-04-01 2024-03-31 11127233 frs-core:CurrentFinancialInstruments 2024-03-31 11127233 frs-core:Non-currentFinancialInstruments 2024-03-31 11127233 frs-core:ComputerEquipment 2024-03-31 11127233 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11127233 frs-core:ComputerEquipment 2023-03-31 11127233 frs-core:FurnitureFittings 2024-03-31 11127233 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11127233 frs-core:FurnitureFittings 2023-03-31 11127233 frs-core:ShareCapital 2024-03-31 11127233 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11127233 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11127233 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11127233 frs-bus:SmallEntities 2023-04-01 2024-03-31 11127233 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11127233 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11127233 frs-bus:Director1 2023-04-01 2024-03-31 11127233 frs-bus:Director2 2023-04-01 2024-03-31 11127233 frs-bus:Director3 2023-04-01 2024-03-31 11127233 frs-bus:Director4 2023-04-01 2024-03-31 11127233 frs-countries:EnglandWales 2023-04-01 2024-03-31 11127233 2022-03-31 11127233 2023-03-31 11127233 2022-04-01 2023-03-31 11127233 frs-core:CurrentFinancialInstruments 2023-03-31 11127233 frs-core:Non-currentFinancialInstruments 2023-03-31 11127233 frs-core:ShareCapital 2023-03-31 11127233 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11127233
KCI Logistics Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11127233
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,690 13,590
10,690 13,590
CURRENT ASSETS
Stocks 5 - 639,339
Debtors 6 486,476 919,746
Cash at bank and in hand 683,718 692,834
1,170,194 2,251,919
Creditors: Amounts Falling Due Within One Year 7 (518,632 ) (1,692,424 )
NET CURRENT ASSETS (LIABILITIES) 651,562 559,495
TOTAL ASSETS LESS CURRENT LIABILITIES 662,252 573,085
Creditors: Amounts Falling Due After More Than One Year 8 (12,268 ) (22,714 )
NET ASSETS 649,984 550,371
CAPITAL AND RESERVES
Called up share capital 9 105 105
Profit and Loss Account 649,879 550,266
SHAREHOLDERS' FUNDS 649,984 550,371
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
Mrs Alison Canning
Director
8 October 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
KCI Logistics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11127233 . The registered office is The Old Rectory, Church Road, Bowers Gifford, Essex, SS13 2HG.
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, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
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. 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 7 (2023: 6)
7 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,225 19,413 21,638
Additions 1,224 1,950 3,174
Disposals - (6,136 ) (6,136 )
As at 31 March 2024 3,449 15,227 18,676
Depreciation
As at 1 April 2023 1,051 6,997 8,048
Provided during the period 603 2,965 3,568
Disposals - (3,630 ) (3,630 )
As at 31 March 2024 1,654 6,332 7,986
Net Book Value
As at 31 March 2024 1,795 8,895 10,690
As at 1 April 2023 1,174 12,416 13,590
5. Stocks
2024 2023
£ £
Work in progress - 639,339
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 382,088 795,569
Other debtors 104,388 124,177
486,476 919,746
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 355,772 1,433,250
Bank loans and overdrafts 10,297 9,695
Other creditors 65,091 124,130
Taxation and social security 87,472 125,349
518,632 1,692,424
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,268 22,714
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 105 105
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