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 04382482 Mr Gary Record Mrs Alison Record Mrs Alison Record iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04382482 2023-02-28 04382482 2024-02-29 04382482 2023-03-01 2024-02-29 04382482 frs-core:CurrentFinancialInstruments 2024-02-29 04382482 frs-core:Non-currentFinancialInstruments 2024-02-29 04382482 frs-core:ComputerEquipment 2024-02-29 04382482 frs-core:ComputerEquipment 2023-03-01 2024-02-29 04382482 frs-core:ComputerEquipment 2023-02-28 04382482 frs-core:FurnitureFittings 2024-02-29 04382482 frs-core:FurnitureFittings 2023-03-01 2024-02-29 04382482 frs-core:FurnitureFittings 2023-02-28 04382482 frs-core:NetGoodwill 2024-02-29 04382482 frs-core:NetGoodwill 2023-03-01 2024-02-29 04382482 frs-core:NetGoodwill 2023-02-28 04382482 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 04382482 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 04382482 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 04382482 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 04382482 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04382482 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 04382482 frs-core:MotorVehicles 2024-02-29 04382482 frs-core:MotorVehicles 2023-03-01 2024-02-29 04382482 frs-core:MotorVehicles 2023-02-28 04382482 frs-core:PlantMachinery 2024-02-29 04382482 frs-core:PlantMachinery 2023-03-01 2024-02-29 04382482 frs-core:PlantMachinery 2023-02-28 04382482 frs-core:ShareCapital 2024-02-29 04382482 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 04382482 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04382482 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 04382482 frs-bus:SmallEntities 2023-03-01 2024-02-29 04382482 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 04382482 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04382482 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 04382482 frs-bus:OrdinaryShareClass1 2024-02-29 04382482 frs-bus:Director1 2023-03-01 2024-02-29 04382482 frs-bus:Director2 2023-03-01 2024-02-29 04382482 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 04382482 frs-core:CurrentFinancialInstruments 2 2024-02-29 04382482 frs-countries:EnglandWales 2023-03-01 2024-02-29 04382482 2022-02-28 04382482 2023-02-28 04382482 2022-03-01 2023-02-28 04382482 frs-core:CurrentFinancialInstruments 2023-02-28 04382482 frs-core:Non-currentFinancialInstruments 2023-02-28 04382482 frs-core:ShareCapital 2023-02-28 04382482 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 04382482 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28 04382482 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 04382482
Kika Beach Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04382482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 479,450 496,206
479,450 496,206
CURRENT ASSETS
Stocks 6 2,500 2,500
Debtors 7 7,097 5,459
Cash at bank and in hand 46,946 1,420
56,543 9,379
Creditors: Amounts Falling Due Within One Year 8 (274,142 ) (205,135 )
NET CURRENT ASSETS (LIABILITIES) (217,599 ) (195,756 )
TOTAL ASSETS LESS CURRENT LIABILITIES 261,851 300,450
Creditors: Amounts Falling Due After More Than One Year 9 (98,079 ) (140,775 )
NET ASSETS 163,772 159,675
CAPITAL AND RESERVES
Called up share capital 10 500 500
Profit and Loss Account 163,272 159,175
SHAREHOLDERS' FUNDS 163,772 159,675
Page 1
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 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
Mrs Alison Record
Director
27 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kika Beach Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04382482 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
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. 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 2002, is being amortised evenly over its
estimated useful life of ten 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:
Freehold No depreciation
Leasehold 10% on cost
Plant & Machinery 15% on reducing balance
Improvement to property 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
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.
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 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.
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 assets reflect 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: 11 (2023: 11)
11 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 18,999
As at 29 February 2024 18,999
Amortisation
As at 1 March 2023 18,999
As at 29 February 2024 18,999
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Improvement to property
£ £ £ £
Cost
As at 1 March 2023 360,639 39,798 12,590 129,569
As at 29 February 2024 360,639 39,798 12,590 129,569
Depreciation
As at 1 March 2023 - 37,255 3,494 19,113
Provided during the period - 381 1,364 12,956
As at 29 February 2024 - 37,636 4,858 32,069
Net Book Value
As at 29 February 2024 360,639 2,162 7,732 97,500
As at 1 March 2023 360,639 2,543 9,096 110,456
Page 4
Page 5
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 141,501 2,329 686,426
As at 29 February 2024 141,501 2,329 686,426
Depreciation
As at 1 March 2023 128,035 2,323 190,220
Provided during the period 2,050 5 16,756
As at 29 February 2024 130,085 2,328 206,976
Net Book Value
As at 29 February 2024 11,416 1 479,450
As at 1 March 2023 13,466 6 496,206
6. Stocks
2024 2023
£ £
Stock 2,500 2,500
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,097 5,459
7,097 5,459
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (2 )
Bank loans and overdrafts 39,672 37,730
Corporation tax liability 2,016 -
Social security and other tax 4,127 3,181
VAT 23,127 12,057
Pension 597 550
Accrued expenses 3,852 3,992
Directors' loan accounts 200,751 147,627
274,142 205,135
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 98,079 140,775
98,079 140,775
Page 5
Page 6
10. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
500 Ordinary Shares of £ 1.00 each 500 500
Page 6