Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08754407 Mr Jeremy McDonald Mr Peter Campbell Mrs Joana Mauricio Pacheco Dos Reis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08754407 2022-10-31 08754407 2023-10-31 08754407 2022-11-01 2023-10-31 08754407 frs-core:CurrentFinancialInstruments 2023-10-31 08754407 frs-core:ComputerEquipment 2023-10-31 08754407 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08754407 frs-core:ComputerEquipment 2022-10-31 08754407 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 08754407 frs-core:FurnitureFittings 2023-10-31 08754407 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08754407 frs-core:FurnitureFittings 2022-10-31 08754407 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 08754407 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 08754407 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 08754407 frs-core:OtherResidualIntangibleAssets 2023-10-31 08754407 frs-core:OtherResidualIntangibleAssets 2022-11-01 2023-10-31 08754407 frs-core:OtherResidualIntangibleAssets 2022-10-31 08754407 frs-core:OtherReservesSubtotal 2023-10-31 08754407 frs-core:ShareCapital 2023-10-31 08754407 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08754407 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08754407 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08754407 frs-bus:SmallEntities 2022-11-01 2023-10-31 08754407 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08754407 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08754407 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08754407 frs-bus:OrdinaryShareClass1 2023-10-31 08754407 frs-bus:OrdinaryShareClass2 2022-11-01 2023-10-31 08754407 frs-bus:OrdinaryShareClass2 2023-10-31 08754407 frs-bus:OrdinaryShareClass3 2022-11-01 2023-10-31 08754407 frs-bus:OrdinaryShareClass3 2023-10-31 08754407 frs-bus:Director1 2022-11-01 2023-10-31 08754407 frs-bus:Director2 2022-11-01 2023-10-31 08754407 frs-bus:Director3 2022-11-01 2023-10-31 08754407 frs-countries:EnglandWales 2022-11-01 2023-10-31 08754407 2021-10-31 08754407 2022-10-31 08754407 2021-11-01 2022-10-31 08754407 frs-core:CurrentFinancialInstruments 2022-10-31 08754407 frs-core:WithinOneYear 2022-10-31 08754407 frs-core:OtherReservesSubtotal 2022-10-31 08754407 frs-core:ShareCapital 2022-10-31 08754407 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 08754407 frs-bus:OrdinaryShareClass1 2021-11-01 2022-10-31 08754407 frs-bus:OrdinaryShareClass2 2021-11-01 2022-10-31 08754407 frs-bus:OrdinaryShareClass3 2021-11-01 2022-10-31
Registered number: 08754407
Kaizen Search Marketing Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
CORNEL Accountants Limited
129 Station Road
Amersham
Buckinghamshire
HP7 0AH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08754407
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,027 5,101
Tangible Assets 5 27,123 39,176
31,150 44,277
CURRENT ASSETS
Debtors 6 672,344 570,079
Cash at bank and in hand 1,850,863 1,443,774
2,523,207 2,013,853
Creditors: Amounts Falling Due Within One Year 7 (487,892 ) (577,437 )
NET CURRENT ASSETS (LIABILITIES) 2,035,315 1,436,416
TOTAL ASSETS LESS CURRENT LIABILITIES 2,066,465 1,480,693
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,183 ) (6,059 )
NET ASSETS 2,059,282 1,474,634
CAPITAL AND RESERVES
Called up share capital 8 112 112
Other reserves 8,910 8,414
Profit and Loss Account 2,050,260 1,466,108
SHAREHOLDERS' FUNDS 2,059,282 1,474,634
Page 1
Page 2
For the year ending 31 October 2023 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 Peter Campbell
Director
28th 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
Kaizen Search Marketing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08754407 . The registered office is 3a Zetland House, 5-25 Scrutton Street, London, EC2A 4HJ.
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 - Other Intangible
Other intangible assets relate to Website Domains. They are amortised to profit and loss account over its estimated economic life of 10 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:
Leasehold 33% straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 33% Straight line
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
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 year 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.
...CONTINUED
Page 3
Page 4
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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects 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.
2.7. Government Grant
Government grants relating to Coronavirus-19 are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Research and Development Expenditure
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
3. Average Number of Employees
Average number of employees, including directors, during the year was  44 (2022: 50)
44 50
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 10,740
As at 31 October 2023 10,740
Amortisation
As at 1 November 2022 5,639
Provided during the period 1,074
As at 31 October 2023 6,713
Net Book Value
As at 31 October 2023 4,027
As at 1 November 2022 5,101
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 6,347 17,575 72,076 95,998
Additions 7,396 367 5,510 13,273
As at 31 October 2023 13,743 17,942 77,586 109,271
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 November 2022 5,023 9,870 41,929 56,822
Provided during the period 3,789 3,281 18,256 25,326
As at 31 October 2023 8,812 13,151 60,185 82,148
Net Book Value
As at 31 October 2023 4,931 4,791 17,401 27,123
As at 1 November 2022 1,324 7,705 30,147 39,176
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 516,632 407,214
Other debtors 155,712 162,865
672,344 570,079
Included within Other Debtors is an amount of £84,891 (2022 : £47,835) in respect of the office premises rent deposit.
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 76,629 156,975
Other creditors 82,892 209,959
Taxation and social security 328,371 210,503
487,892 577,437
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
9,000 Ordinary Shares of £ 0.01 each 90 90
1,235 Ordinary A shares of £ 0.01 each 12 12
1,000 Ordinary B shares of £ 0.01 each 10 10
112 112
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year - 106,300
- 106,300
10. Share-based payment transactions
Page 5
Page 6
The company operates a share option scheme for the benefit of its employees. Certain employees of the company have been granted options over the ordinary and growth shares in the company. The options are granted with a fixed exercise price, are subject to vesting conditions and are subject to and in accordance with the rules of the company share option plans.
As the company is unable to directly measure the fair value of employee services received and consider the use of a model such as the Black Scholes Model as being in-appropriate due to many inputs (such as current share price, volatility and the like) not being ascertainable with any degree of accuracy, it determined the fair value of the share options at grant date using the valuation aspects of a simple tax based option scheme and as being equivalent to a small interest in the shares of the company.
During the period, the company recognised total share based payment expenses of £496 (2022 : £2,969) which related to equity-settled share based payment transactions. 
Outstanding number of share options at 1 November 2022 - 864
Number of share options granted in the period to 31 October 2023 - NIL
Number of share options exercised in the period to 31 October 2023 - NIL
Number of share options lapsed in the period to 31 October 2023 - NIL
Outstanding number of share options at 31 October 2023 - 864
Of which were exercisable at 31 October 2023 - NIL
Page 6