Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10388025 Ms Lisa Pagin Ms Willow Pagin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10388025 2022-11-30 10388025 2023-11-30 10388025 2022-12-01 2023-11-30 10388025 frs-core:CurrentFinancialInstruments 2023-11-30 10388025 frs-core:Non-currentFinancialInstruments 2023-11-30 10388025 frs-core:BetweenOneFiveYears 2023-11-30 10388025 frs-core:ComputerEquipment 2023-11-30 10388025 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10388025 frs-core:ComputerEquipment 2022-11-30 10388025 frs-core:MotorVehicles 2023-11-30 10388025 frs-core:MotorVehicles 2022-12-01 2023-11-30 10388025 frs-core:MotorVehicles 2022-11-30 10388025 frs-core:PlantMachinery 2023-11-30 10388025 frs-core:PlantMachinery 2022-12-01 2023-11-30 10388025 frs-core:PlantMachinery 2022-11-30 10388025 frs-core:WithinOneYear 2023-11-30 10388025 frs-core:ShareCapital 2023-11-30 10388025 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10388025 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10388025 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10388025 frs-bus:SmallEntities 2022-12-01 2023-11-30 10388025 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10388025 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10388025 frs-bus:Director1 2022-12-01 2023-11-30 10388025 frs-bus:Director2 2022-12-01 2023-11-30 10388025 frs-countries:EnglandWales 2022-12-01 2023-11-30 10388025 2021-11-30 10388025 2022-11-30 10388025 2021-12-01 2022-11-30 10388025 frs-core:CurrentFinancialInstruments 2022-11-30 10388025 frs-core:Non-currentFinancialInstruments 2022-11-30 10388025 frs-core:BetweenOneFiveYears 2022-11-30 10388025 frs-core:WithinOneYear 2022-11-30 10388025 frs-core:ShareCapital 2022-11-30 10388025 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 10388025 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 10388025
Kernowek Kerth Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10388025
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,787 110,290
67,787 110,290
CURRENT ASSETS
Debtors 5 1,052,123 272,784
Cash at bank and in hand 5,490 1,159
1,057,613 273,943
Creditors: Amounts Falling Due Within One Year 6 (1,233,837 ) (461,030 )
NET CURRENT ASSETS (LIABILITIES) (176,224 ) (187,087 )
TOTAL ASSETS LESS CURRENT LIABILITIES (108,437 ) (76,797 )
Creditors: Amounts Falling Due After More Than One Year 7 (64,016 ) (84,255 )
NET LIABILITIES (172,453 ) (161,052 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (172,553 ) (161,152 )
SHAREHOLDERS' FUNDS (172,453) (161,052)
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For the year ending 30 November 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
Ms Lisa Pagin
Director
31/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kernowek Kerth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10388025 . The registered office is Bay View, Gyllyngvase Road, Falmouth, Cornwall, TR11 4DJ.
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. Going Concern Disclosure
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements.  The directors note that the business has net liabilities of £172,453.  The company is supported through loans from the directors and other connected companies.  The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company.  Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements.  Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
2.3. 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.
2.4. 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 4 years straight line
Motor Vehicles 20% reducing balance
Computer Equipment 3 years straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 91,685 59,645 2,699 154,029
Additions 1,116 32,990 - 34,106
Disposals - (59,645 ) - (59,645 )
As at 30 November 2023 92,801 32,990 2,699 128,490
Depreciation
As at 1 December 2022 28,896 13,520 1,323 43,739
Provided during the period 22,987 6,598 899 30,484
Disposals - (13,520 ) - (13,520 )
As at 30 November 2023 51,883 6,598 2,222 60,703
Net Book Value
As at 30 November 2023 40,918 26,392 477 67,787
As at 1 December 2022 62,789 46,125 1,376 110,290
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 249 80,900
Prepayments and accrued income 941,519 179,071
Other debtors 1,523 1,227
VAT 1,266 11,586
Amounts owed by connected companies 107,566 -
1,052,123 272,784
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 16,898 20,490
Trade creditors 172,534 161,674
Bank loans and overdrafts 4,725 10,000
Other taxes and social security 21,472 58,597
Net wages - 2,976
Other creditors 44,482 65,445
Pensions payable - 347
Accruals and deferred income 1,424 4,793
Directors' loan accounts 6,166 11,834
Amounts owed to connected companies 966,136 124,874
1,233,837 461,030
The bank loans figure represents the company's bounce back loan that is secured by the government.
The hire purchase liabilities are secured against the assets held under the hire purchase contracts.
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 38,027 58,815
Bank loans 25,989 25,440
64,016 84,255
The bank loans figure represents the company's bounce back loan that is secured by the government.
The hire purchase liabilities are secured against the assets held under the hire purchase contracts.
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,898 20,490
Later than one year and not later than five years 38,027 58,815
54,925 79,305
54,925 79,305
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Balances receiveable at 30 November 2023 included within the debtors note above:
    - Bloc Cornwall Holdings Ltd:   £64,600   (2022: £0)
    - Poachers Corner Management Ltd:   £194   (2022: £0)
    - Rosebay Court Ltd:   £41,873   (2022: -£4,185)
    - Rosevear Meadows Management Ltd:   £900   (2022: -£900)
Balances payable at 30 November 2023 included within the creditors note above:
    - Bloc Cornwall Group Ltd:   £14,280   (2022: £14,280)
    - Lux Blu Developments Ltd:   £86,860   (2022: £101,003)
    - N3L Limited:   £860,151   (2022: £0)
    - Red Willow Properties Ltd:   £4,844   (2022: £4,506)
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