Acorah Software Products - Accounts Production 16.0.110 false true 27 February 2023 28 February 2022 false 28 February 2023 27 February 2024 27 February 2024 10331396 Mrs Hanan GIBRAEIL Mr Youhanna IBRAHIM iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10331396 2023-02-27 10331396 2024-02-27 10331396 2023-02-28 2024-02-27 10331396 frs-core:Non-currentFinancialInstruments 2024-02-27 10331396 frs-core:FurnitureFittings 2023-02-28 2024-02-27 10331396 frs-core:NetGoodwill 2023-02-28 2024-02-27 10331396 frs-core:ShareCapital 2024-02-27 10331396 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 10331396 frs-bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-27 10331396 frs-bus:AbridgedAccounts 2023-02-28 2024-02-27 10331396 frs-bus:SmallEntities 2023-02-28 2024-02-27 10331396 frs-bus:AuditExempt-NoAccountantsReport 2023-02-28 2024-02-27 10331396 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-27 10331396 frs-bus:Director1 2023-02-28 2024-02-27 10331396 frs-bus:Director2 2023-02-28 2024-02-27 10331396 frs-countries:EnglandWales 2023-02-28 2024-02-27 10331396 2022-02-27 10331396 2023-02-27 10331396 2022-02-28 2023-02-27 10331396 frs-core:Non-currentFinancialInstruments 2023-02-27 10331396 frs-core:ShareCapital 2023-02-27 10331396 frs-core:RetainedEarningsAccumulatedLosses 2023-02-27
Registered number: 10331396
POPE KYRELLOS LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 27 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 10331396
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 344,375 356,250
Tangible Assets 5 7,500 10,000
351,875 366,250
CURRENT ASSETS
Stocks - 650
Debtors 101,187 -
Cash at bank and in hand 54,109 110,013
155,296 110,663
Creditors: Amounts Falling Due Within One Year (172,869 ) (150,075 )
NET CURRENT ASSETS (LIABILITIES) (17,573 ) (39,412 )
TOTAL ASSETS LESS CURRENT LIABILITIES 334,302 326,838
Creditors: Amounts Falling Due After More Than One Year (189,172 ) (238,555 )
NET ASSETS 145,130 88,283
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 145,128 88,281
SHAREHOLDERS' FUNDS 145,130 88,283
Page 1
Page 2
For the year ending 27 February 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 27 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Hanan GIBRAEIL
Director
08/11/2024
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
POPE KYRELLOS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10331396 . The registered office is 21, Hastings Road, Bournemouth, United Kingdom, BH8 0HN.
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.
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, being the amount paid in connection with the acquisition of a business in August 2017, is being amortised evenly over its estimated economic life of twenty 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:
Fixtures & Fittings 10% Straight line
2.5. 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Total
£
Cost
As at 28 February 2023 475,000
As at 27 February 2024 475,000
Amortisation
As at 28 February 2023 118,750
Provided during the period 11,875
As at 27 February 2024 130,625
Net Book Value
As at 27 February 2024 344,375
As at 28 February 2023 356,250
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5. Tangible Assets
Total
£
Cost
As at 28 February 2023 25,000
As at 27 February 2024 25,000
Depreciation
As at 28 February 2023 15,000
Provided during the period 2,500
As at 27 February 2024 17,500
Net Book Value
As at 27 February 2024 7,500
As at 28 February 2023 10,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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