Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04158157 Mr K A Naylor Mrs A L Bath iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04158157 2023-01-31 04158157 2024-01-31 04158157 2023-02-01 2024-01-31 04158157 frs-core:CurrentFinancialInstruments 2024-01-31 04158157 frs-core:ComputerEquipment 2024-01-31 04158157 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04158157 frs-core:ComputerEquipment 2023-01-31 04158157 frs-core:FurnitureFittings 2024-01-31 04158157 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04158157 frs-core:FurnitureFittings 2023-01-31 04158157 frs-core:NetGoodwill 2024-01-31 04158157 frs-core:NetGoodwill 2023-02-01 2024-01-31 04158157 frs-core:NetGoodwill 2023-01-31 04158157 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 04158157 frs-core:MotorVehicles 2024-01-31 04158157 frs-core:MotorVehicles 2023-02-01 2024-01-31 04158157 frs-core:MotorVehicles 2023-01-31 04158157 frs-core:PlantMachinery 2023-02-01 2024-01-31 04158157 frs-core:ShareCapital 2024-01-31 04158157 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04158157 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04158157 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04158157 frs-bus:SmallEntities 2023-02-01 2024-01-31 04158157 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04158157 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04158157 frs-core:CostValuation 2023-01-31 04158157 frs-core:AdditionsToInvestments 2024-01-31 04158157 frs-core:CostValuation 2024-01-31 04158157 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 04158157 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 04158157 frs-bus:Director1 2023-02-01 2024-01-31 04158157 frs-bus:Director2 2023-02-01 2024-01-31 04158157 frs-core:CurrentFinancialInstruments 2 2024-01-31 04158157 frs-countries:EnglandWales 2023-02-01 2024-01-31 04158157 2022-01-31 04158157 2023-01-31 04158157 2022-02-01 2023-01-31 04158157 frs-core:CurrentFinancialInstruments 2023-01-31 04158157 frs-core:ShareCapital 2023-01-31 04158157 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 04158157 frs-core:CurrentFinancialInstruments 1 2023-01-31 04158157 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 04158157
Knights of Oakham Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Willow Management Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04158157
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,793 13,586
Tangible Assets 5 12,493 13,735
Investments 6 32,612 30,212
51,898 57,533
CURRENT ASSETS
Stocks 7 63,913 54,517
Debtors 8 23,780 14,874
Cash at bank and in hand 60,372 83,594
148,065 152,985
Creditors: Amounts Falling Due Within One Year 9 (78,087 ) (100,091 )
NET CURRENT ASSETS (LIABILITIES) 69,978 52,894
TOTAL ASSETS LESS CURRENT LIABILITIES 121,876 110,427
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,374 ) (2,610 )
NET ASSETS 119,502 107,817
CAPITAL AND RESERVES
Called up share capital 11 11,000 11,000
Profit and Loss Account 108,502 96,817
SHAREHOLDERS' FUNDS 119,502 107,817
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
Mrs A L Bath
Director
31/10/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Knights of Oakham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04158157 . The registered office is 33-37 High Street, Oakham, Rutland, LE15 6AH.
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 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 In equal instaments over the period of the lease
Plant & Machinery 15% per annum on cost
Motor Vehicles 20% per annum on cost
Fixtures & Fittings 7.5% per annum on cost
Computer Equipment 15% per annum on cost
Page 3
Page 4
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.
2.7. 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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 152,500
As at 31 January 2024 152,500
Amortisation
As at 1 February 2023 138,914
Provided during the period 6,793
As at 31 January 2024 145,707
Net Book Value
As at 31 January 2024 6,793
As at 1 February 2023 13,586
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 18,850 23,564 31,497 73,911
As at 31 January 2024 18,850 23,564 31,497 73,911
Depreciation
As at 1 February 2023 18,850 11,647 29,679 60,176
Provided during the period - 868 374 1,242
As at 31 January 2024 18,850 12,515 30,053 61,418
Net Book Value
As at 31 January 2024 - 11,049 1,444 12,493
As at 1 February 2023 - 11,917 1,818 13,735
Page 5
Page 6
6. Investments
Other
£
Cost
As at 1 February 2023 30,212
Additions 2,400
As at 31 January 2024 32,612
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 32,612
As at 1 February 2023 30,212
7. Stocks
2024 2023
£ £
Stock 63,913 54,517
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,734 3,664
Prepayments and accrued income 17,357 9,680
Other debtors 2,689 -
Other taxes and social security - 1,530
23,780 14,874
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,808 47,621
Corporation tax 13,260 30,417
Other taxes and social security 1,348 -
VAT 10,466 678
...CONTINUED
Page 6
Page 7
Unpaid dividends - 4,826
Pension scheme contributions 198 271
Accruals and deferred income 6,007 16,278
78,087 100,091
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11,000 11,000
Page 7