Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08270034 Mr John Scragg Mr Michael Kears iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08270034 2023-01-31 08270034 2024-01-31 08270034 2023-02-01 2024-01-31 08270034 frs-core:CurrentFinancialInstruments 2024-01-31 08270034 frs-core:ComputerEquipment 2024-01-31 08270034 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08270034 frs-core:ComputerEquipment 2023-01-31 08270034 frs-core:FurnitureFittings 2024-01-31 08270034 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08270034 frs-core:FurnitureFittings 2023-01-31 08270034 frs-core:NetGoodwill 2024-01-31 08270034 frs-core:NetGoodwill 2023-02-01 2024-01-31 08270034 frs-core:NetGoodwill 2023-01-31 08270034 frs-core:MotorVehicles 2024-01-31 08270034 frs-core:MotorVehicles 2023-02-01 2024-01-31 08270034 frs-core:MotorVehicles 2023-01-31 08270034 frs-core:PlantMachinery 2024-01-31 08270034 frs-core:PlantMachinery 2023-02-01 2024-01-31 08270034 frs-core:PlantMachinery 2023-01-31 08270034 frs-core:WithinOneYear 2024-01-31 08270034 frs-core:ShareCapital 2024-01-31 08270034 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08270034 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08270034 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08270034 frs-bus:SmallEntities 2023-02-01 2024-01-31 08270034 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08270034 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08270034 frs-bus:Director1 2023-02-01 2024-01-31 08270034 frs-bus:Director2 2023-02-01 2024-01-31 08270034 frs-countries:EnglandWales 2023-02-01 2024-01-31 08270034 2022-01-31 08270034 2023-01-31 08270034 2022-02-01 2023-01-31 08270034 frs-core:CurrentFinancialInstruments 2023-01-31 08270034 frs-core:WithinOneYear 2023-01-31 08270034 frs-core:ShareCapital 2023-01-31 08270034 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08270034
K & S Retail Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Robinson Ward Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08270034
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 130,000 245,000
Tangible Assets 5 37,893 45,013
167,893 290,013
CURRENT ASSETS
Stocks 6 46,243 53,355
Debtors 7 31,237 10,999
Cash at bank and in hand 66,296 115,986
143,776 180,340
Creditors: Amounts Falling Due Within One Year 8 (207,060 ) (316,968 )
NET CURRENT ASSETS (LIABILITIES) (63,284 ) (136,628 )
TOTAL ASSETS LESS CURRENT LIABILITIES 104,609 153,385
NET ASSETS 104,609 153,385
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 104,607 153,383
SHAREHOLDERS' FUNDS 104,609 153,385
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 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 John Scragg
Director
19th July 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
K & S Retail Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08270034 . The registered office is 12 Cheapside, Spennymoor, County Durham, DL16 6DJ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 15
Motor Vehicles 15
Fixtures & Fittings 15
Computer Equipment 33
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 16)
8 16
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4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 245,000
Disposals (115,000)
As at 31 January 2024 130,000
Net Book Value
As at 31 January 2024 130,000
As at 1 February 2023 245,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 30,999 19,273 35,636 1,604 87,512
As at 31 January 2024 30,999 19,273 35,636 1,604 87,512
Depreciation
As at 1 February 2023 16,753 5,348 18,794 1,604 42,499
Provided during the period 2,137 2,457 2,526 - 7,120
As at 31 January 2024 18,890 7,805 21,320 1,604 49,619
Net Book Value
As at 31 January 2024 12,109 11,468 14,316 - 37,893
As at 1 February 2023 14,246 13,925 16,842 - 45,013
6. Stocks
2024 2023
£ £
Stock 46,243 53,355
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,868 2,868
Prepayments and accrued income 8,131 8,131
Other debtors 20,238 -
31,237 10,999
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 949 4,747
Trade creditors 15,139 15,138
Bank loans and overdrafts 144,283 262,651
Other taxes and social security 310 1,478
VAT 1,466 3,231
Accruals 4,810 4,810
Directors' loan accounts 40,103 24,913
207,060 316,968
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 949 4,747
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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