Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 02872410 P Lane K W Sawyer S M Sawyer M Kenyon K W Sawyer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02872410 2023-06-30 02872410 2024-06-30 02872410 2023-07-01 2024-06-30 02872410 frs-core:ComputerEquipment 2023-07-01 2024-06-30 02872410 frs-core:NetGoodwill 2023-07-01 2024-06-30 02872410 frs-core:MotorVehicles 2023-07-01 2024-06-30 02872410 frs-core:PlantMachinery 2023-07-01 2024-06-30 02872410 frs-core:ShareCapital 2024-06-30 02872410 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02872410 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02872410 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 02872410 frs-bus:SmallEntities 2023-07-01 2024-06-30 02872410 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02872410 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02872410 frs-bus:Director1 2023-07-01 2024-06-30 02872410 frs-bus:Director2 2023-07-01 2024-06-30 02872410 frs-bus:Director3 2023-07-01 2024-06-30 02872410 frs-bus:Director4 2023-07-01 2024-06-30 02872410 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 02872410 frs-countries:EnglandWales 2023-07-01 2024-06-30 02872410 2022-06-30 02872410 2023-06-30 02872410 2022-07-01 2023-06-30 02872410 frs-core:ShareCapital 2023-06-30 02872410 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 02872410
Karakal Worldwide Limited
ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 02872410
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 218,531 260,531
Tangible Assets 5 15,760 19,485
234,291 280,016
CURRENT ASSETS
Stocks 432,459 509,567
Debtors 293,746 482,443
Cash at bank and in hand 781,915 504,322
1,508,120 1,496,332
Creditors: Amounts Falling Due Within One Year (343,902 ) (378,177 )
NET CURRENT ASSETS (LIABILITIES) 1,164,218 1,118,155
TOTAL ASSETS LESS CURRENT LIABILITIES 1,398,509 1,398,171
NET ASSETS 1,398,509 1,398,171
CAPITAL AND RESERVES
Called up share capital 6 2,000 2,000
Profit and Loss Account 1,396,509 1,396,171
SHAREHOLDERS' FUNDS 1,398,509 1,398,171
Page 1
Page 2
For the year ending 30 June 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.
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 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
K W Sawyer
Director
S M Sawyer
Director
13th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Karakal Worldwide Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02872410 . The registered office is The Old Tanks, Penpole Lane, Shirehampton, Bristol, BS11 0EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below and in accordance with 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.
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 15 years.
2.4. 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.
2.5. 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 25%
Motor Vehicles 25%
Computer Equipment 25%
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.
Page 3
Page 4
2.7. 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.
2.8. Taxation
Corporation 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Intangible Assets
Total
£
Cost
As at 1 July 2023 900,307
As at 30 June 2024 900,307
Amortisation
As at 1 July 2023 639,776
Provided during the period 42,000
As at 30 June 2024 681,776
Net Book Value
As at 30 June 2024 218,531
As at 1 July 2023 260,531
5. Tangible Assets
Total
£
Cost
As at 1 July 2023 52,545
Additions 5,157
As at 30 June 2024 57,702
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 July 2023 33,060
Provided during the period 8,882
As at 30 June 2024 41,942
Net Book Value
As at 30 June 2024 15,760
As at 1 July 2023 19,485
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
Page 5