Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05699078 Mr Keith Ballinger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05699078 2023-02-28 05699078 2024-02-29 05699078 2023-03-01 2024-02-29 05699078 frs-core:Non-currentFinancialInstruments 2024-02-29 05699078 frs-core:FurnitureFittings 2023-03-01 2024-02-29 05699078 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05699078 frs-core:ShareCapital 2024-02-29 05699078 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05699078 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05699078 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 05699078 frs-bus:SmallEntities 2023-03-01 2024-02-29 05699078 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05699078 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05699078 frs-bus:Director1 2023-03-01 2024-02-29 05699078 frs-countries:EnglandWales 2023-03-01 2024-02-29 05699078 2022-02-28 05699078 2023-02-28 05699078 2022-03-01 2023-02-28 05699078 frs-core:Non-currentFinancialInstruments 2023-02-28 05699078 frs-core:ShareCapital 2023-02-28 05699078 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05699078
KAB Associates Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05699078
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,783 2,879
2,783 2,879
CURRENT ASSETS
Debtors - 424
Cash at bank and in hand 840 738
840 1,162
Creditors: Amounts Falling Due Within One Year (6,812 ) (3,441 )
NET CURRENT ASSETS (LIABILITIES) (5,972 ) (2,279 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,189 ) 600
Creditors: Amounts Falling Due After More Than One Year (5,557 ) (7,931 )
NET LIABILITIES (8,746 ) (7,331 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (8,846 ) (7,431 )
SHAREHOLDERS' FUNDS (8,746) (7,331)
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Page 2
For the year ending 29 February 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Keith Ballinger
Director
29th October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
KAB Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05699078 . The registered office is 20 Coleridge Road, Maldon, Essex, CM9 6DH.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 At cost
Fixtures & Fittings 25% Reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Total
£
Cost
As at 1 March 2023 55,690
As at 29 February 2024 55,690
Amortisation
As at 1 March 2023 55,690
As at 29 February 2024 55,690
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
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5. Tangible Assets
Total
£
Cost
As at 1 March 2023 9,552
As at 29 February 2024 9,552
Depreciation
As at 1 March 2023 6,673
Provided during the period 96
As at 29 February 2024 6,769
Net Book Value
As at 29 February 2024 2,783
As at 1 March 2023 2,879
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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