Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07053689 Mr Christopher Harding iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07053689 2023-01-31 07053689 2024-01-31 07053689 2023-02-01 2024-01-31 07053689 frs-core:CurrentFinancialInstruments 2024-01-31 07053689 frs-core:Non-currentFinancialInstruments 2024-01-31 07053689 frs-core:BetweenOneFiveYears 2024-01-31 07053689 frs-core:ComputerEquipment 2024-01-31 07053689 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07053689 frs-core:ComputerEquipment 2023-01-31 07053689 frs-core:NetGoodwill 2024-01-31 07053689 frs-core:NetGoodwill 2023-02-01 2024-01-31 07053689 frs-core:NetGoodwill 2023-01-31 07053689 frs-core:MotorVehicles 2024-01-31 07053689 frs-core:MotorVehicles 2023-02-01 2024-01-31 07053689 frs-core:MotorVehicles 2023-01-31 07053689 frs-core:PlantMachinery 2024-01-31 07053689 frs-core:PlantMachinery 2023-02-01 2024-01-31 07053689 frs-core:PlantMachinery 2023-01-31 07053689 frs-core:WithinOneYear 2024-01-31 07053689 frs-core:ShareCapital 2024-01-31 07053689 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07053689 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07053689 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07053689 frs-bus:SmallEntities 2023-02-01 2024-01-31 07053689 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07053689 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07053689 frs-bus:Director1 2023-02-01 2024-01-31 07053689 frs-countries:EnglandWales 2023-02-01 2024-01-31 07053689 2022-01-31 07053689 2023-01-31 07053689 2022-02-01 2023-01-31 07053689 frs-core:CurrentFinancialInstruments 2023-01-31 07053689 frs-core:Non-currentFinancialInstruments 2023-01-31 07053689 frs-core:BetweenOneFiveYears 2023-01-31 07053689 frs-core:WithinOneYear 2023-01-31 07053689 frs-core:ShareCapital 2023-01-31 07053689 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07053689
KEY-RESOURCE LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07053689
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 47,070 45,771
47,070 45,771
CURRENT ASSETS
Debtors 6 5,019 4,148
Cash at bank and in hand 27,532 13,049
32,551 17,197
Creditors: Amounts Falling Due Within One Year 7 (33,366 ) (27,215 )
NET CURRENT ASSETS (LIABILITIES) (815 ) (10,018 )
TOTAL ASSETS LESS CURRENT LIABILITIES 46,255 35,753
Creditors: Amounts Falling Due After More Than One Year 8 (14,533 ) (26,923 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (7,899 ) (8,689 )
NET ASSETS 23,823 141
CAPITAL AND RESERVES
Called up share capital 11 101 101
Profit and Loss Account 23,722 40
SHAREHOLDERS' FUNDS 23,823 141
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Christopher Harding
Director
31/10/2024
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
KEY-RESOURCE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07053689 . The registered office is 1 Salcombe Grove, Parklands, Swindon, Wiltshire, SN3 1ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small
Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
2.2. Going Concern Disclosure
The director has confirmed that he will continue to give financial support to the company until such time as the
company's position improves. In addition the director has confirmed that he will not recall any loans within 12
months. The director considers that it is appropriate to prepare the financial statements on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
Revenue is recognised for the provision of services as the contractual activity progresses.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly
over its estimated useful life of five years.
2.5. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on cost
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on cost
2.6. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 25,000
As at 31 January 2024 25,000
Amortisation
As at 1 February 2023 25,000
As at 31 January 2024 25,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 52,539 36,444 3,158 92,141
Additions 21,100 - - 21,100
Disposals (5,793 ) - - (5,793 )
As at 31 January 2024 67,846 36,444 3,158 107,448
Depreciation
As at 1 February 2023 21,764 21,465 3,141 46,370
Provided during the period 16,050 3,734 17 19,801
Disposals (5,793 ) - - (5,793 )
As at 31 January 2024 32,021 25,199 3,158 60,378
Net Book Value
As at 31 January 2024 35,825 11,245 - 47,070
As at 1 February 2023 30,775 14,979 17 45,771
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,019 4,148
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,921 7,614
Bank loans and overdrafts 4,471 4,361
Other creditors 295 317
Taxation and social security 20,679 14,923
33,366 27,215
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,393 16,314
Bank loans 6,140 10,609
14,533 26,923
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,921 7,614
Later than one year and not later than five years 8,393 16,314
16,314 23,928
16,314 23,928
10. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2024 2023
£ £
Other timing differences 7,899 8,689
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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