Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05821677 Mr Kelvin Morton Mrs Valda Morton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05821677 2023-05-31 05821677 2024-05-31 05821677 2023-06-01 2024-05-31 05821677 frs-core:CurrentFinancialInstruments 2024-05-31 05821677 frs-core:ComputerEquipment 2024-05-31 05821677 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05821677 frs-core:ComputerEquipment 2023-05-31 05821677 frs-core:PlantMachinery 2024-05-31 05821677 frs-core:PlantMachinery 2023-06-01 2024-05-31 05821677 frs-core:PlantMachinery 2023-05-31 05821677 frs-core:ShareCapital 2024-05-31 05821677 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05821677 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05821677 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05821677 frs-bus:SmallEntities 2023-06-01 2024-05-31 05821677 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05821677 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05821677 frs-bus:Director1 2023-06-01 2024-05-31 05821677 frs-bus:Director2 2023-06-01 2024-05-31 05821677 frs-countries:EnglandWales 2023-06-01 2024-05-31 05821677 2022-05-31 05821677 2023-05-31 05821677 2022-06-01 2023-05-31 05821677 frs-core:CurrentFinancialInstruments 2023-05-31 05821677 frs-core:ShareCapital 2023-05-31 05821677 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05821677
k m c Design Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Yvonne Gough Tax & Accountancy Services
Chartered Certified Accountant
Cobblestones
Church Lane
Great Holland Frinton on Sea
Essex
CO13 0JS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05821677
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 272 363
272 363
CURRENT ASSETS
Debtors 5 261 5,861
Cash at bank and in hand 94,441 110,329
94,702 116,190
Creditors: Amounts Falling Due Within One Year 6 (14,004 ) (17,539 )
NET CURRENT ASSETS (LIABILITIES) 80,698 98,651
TOTAL ASSETS LESS CURRENT LIABILITIES 80,970 99,014
NET ASSETS 80,970 99,014
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 79,970 98,014
SHAREHOLDERS' FUNDS 80,970 99,014
Page 1
Page 2
For the year ending 31 May 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 Kelvin Morton
Director
30/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
k m c Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05821677 . The registered office is 7 Uplands Road, Clacton on Sea, Essex, CO15 1BB.
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 Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% x written down value
Computer Equipment 25% x written down value
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 8,454 558 9,012
As at 31 May 2024 8,454 558 9,012
Depreciation
As at 1 June 2023 8,239 410 8,649
Provided during the period 54 37 91
As at 31 May 2024 8,293 447 8,740
Net Book Value
As at 31 May 2024 161 111 272
As at 1 June 2023 215 148 363
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24 5,624
Prepayments and accrued income 237 237
261 5,861
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (2 ) (1 )
Corporation tax 7,517 10,717
VAT 3,823 4,207
Accruals and deferred income 1,100 1,050
Directors' loan accounts 1,566 1,566
14,004 17,539
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Kelvin Morton 25,500 25,500
Mrs Valda Morton 24,500 24,500
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Page 5
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 50,000 50,000
Page 5