Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07258794 Mr Richard Hughes Mr Scott Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07258794 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 07258794 2023-03-31 07258794 2024-03-31 07258794 2023-04-01 2024-03-31 07258794 frs-core:CurrentFinancialInstruments 2024-03-31 07258794 frs-core:Non-currentFinancialInstruments 2024-03-31 07258794 frs-core:BetweenOneFiveYears 2024-03-31 07258794 frs-core:ComputerEquipment 2024-03-31 07258794 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07258794 frs-core:ComputerEquipment 2023-03-31 07258794 frs-core:FurnitureFittings 2024-03-31 07258794 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07258794 frs-core:FurnitureFittings 2023-03-31 07258794 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07258794 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07258794 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 07258794 frs-core:MotorVehicles 2024-03-31 07258794 frs-core:MotorVehicles 2023-04-01 2024-03-31 07258794 frs-core:MotorVehicles 2023-03-31 07258794 frs-core:PlantMachinery 2024-03-31 07258794 frs-core:PlantMachinery 2023-04-01 2024-03-31 07258794 frs-core:PlantMachinery 2023-03-31 07258794 frs-core:WithinOneYear 2024-03-31 07258794 frs-core:ShareCapital 2024-03-31 07258794 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07258794 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07258794 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07258794 frs-bus:SmallEntities 2023-04-01 2024-03-31 07258794 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07258794 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07258794 frs-bus:Director1 2023-04-01 2024-03-31 07258794 frs-bus:Director2 2023-04-01 2024-03-31 07258794 frs-bus:Director2 2023-03-31 07258794 frs-bus:Director2 2024-03-31 07258794 1 2023-04-01 2024-03-31 07258794 frs-countries:EnglandWales 2023-04-01 2024-03-31 07258794 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 07258794 2022-03-31 07258794 2023-03-31 07258794 2022-04-01 2023-03-31 07258794 frs-core:CurrentFinancialInstruments 2023-03-31 07258794 frs-core:Non-currentFinancialInstruments 2023-03-31 07258794 frs-core:BetweenOneFiveYears 2023-03-31 07258794 frs-core:WithinOneYear 2023-03-31 07258794 frs-core:ShareCapital 2023-03-31 07258794 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07258794 1 2022-04-01 2023-03-31
Registered number: 07258794
Kensa Creative Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Balance Sheet
Registered number: 07258794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 694,291 664,845
694,291 664,845
CURRENT ASSETS
Debtors 5 510,110 633,371
Cash at bank and in hand 869,190 154,415
1,379,300 787,786
Creditors: Amounts Falling Due Within One Year 6 (614,549 ) (349,291 )
NET CURRENT ASSETS (LIABILITIES) 764,751 438,495
TOTAL ASSETS LESS CURRENT LIABILITIES 1,459,042 1,103,340
Creditors: Amounts Falling Due After More Than One Year 7 (339,741 ) (338,732 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (52,527 ) (47,555 )
NET ASSETS 1,066,774 717,053
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 1,066,770 717,049
SHAREHOLDERS' FUNDS 1,066,774 717,053
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For the year ending 31 March 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 Richard Hughes
Director
23 October 2024
The notes on pages 2 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kensa Creative Limited Registered number 07258794 is a limited by shares company incorporated in England & Wales. The Registered Office is The Idea Factory Hortonwood West, Queensway, Telford, TF1 6AH.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
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. 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:
Freehold 2% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.5. 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.
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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.
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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants 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.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Average number of employees 23 19
23 19
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 588,674 38,184 48,037 64,805
Additions - 4,249 56,177 7,257
Disposals - - (34,815 ) -
As at 31 March 2024 588,674 42,433 69,399 72,062
Depreciation
As at 1 April 2023 49,720 19,661 24,189 27,583
Provided during the period 11,774 3,415 12,439 8,896
Disposals - - (16,990 ) -
As at 31 March 2024 61,494 23,076 19,638 36,479
Net Book Value
As at 31 March 2024 527,180 19,357 49,761 35,583
As at 1 April 2023 538,954 18,523 23,848 37,222
Computer Equipment Total
£ £
Cost
As at 1 April 2023 122,086 861,786
Additions 46,852 114,535
Disposals - (34,815 )
As at 31 March 2024 168,938 941,506
Depreciation
As at 1 April 2023 75,788 196,941
Provided during the period 30,740 67,264
Disposals - (16,990 )
As at 31 March 2024 106,528 247,215
Net Book Value
As at 31 March 2024 62,410 694,291
As at 1 April 2023 46,298 664,845
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 497,902 590,749
Prepayments and accrued income 12,208 11,418
Directors' loan accounts - 31,204
510,110 633,371
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,451 -
Trade creditors 21,337 12,947
Bank loans and overdrafts 10,504 14,855
Corporation tax 164,973 58,137
Other taxes and social security 27 -
VAT 47,426 81,113
Other creditors 7,442 2,052
Accruals and deferred income 354,824 180,185
Directors' loan accounts 4,565 2
614,549 349,291
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,902 -
Bank loans 332,839 338,732
339,741 338,732
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 280,039 272,663
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by way of a fixed and floating charge over certain assets of the company:
2024 2023
£ £
Bank loans and overdrafts 343,343 353,587
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,451 -
Later than one year and not later than five years 6,902 -
10,353 -
10,353 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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11. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Included within other creditors at the balance sheet date were unpaid contributions of £2,832 (2023: £2,052) due to the fund.
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Scott Clarke 31,204 - (31,204 ) - -
Interest at 2% has been charged on the above balance. The loan is repayable on demand and there were no further conditions attached.
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