Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 NI624621 Mr Wayne Horwood Mr Gordon Patterson Mr Graeme Steele Mr Graeme Steele the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI624621 2023-02-28 NI624621 2024-02-28 NI624621 2023-03-01 2024-02-28 NI624621 frs-core:CurrentFinancialInstruments 2024-02-28 NI624621 frs-core:ComputerEquipment 2023-03-01 2024-02-28 NI624621 frs-core:FurnitureFittings 2023-03-01 2024-02-28 NI624621 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-28 NI624621 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 NI624621 frs-core:MotorVehicles 2023-03-01 2024-02-28 NI624621 frs-core:PlantMachinery 2023-03-01 2024-02-28 NI624621 frs-core:SharePremium 2024-02-28 NI624621 frs-core:ShareCapital 2024-02-28 NI624621 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 NI624621 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 NI624621 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 NI624621 frs-bus:SmallEntities 2023-03-01 2024-02-28 NI624621 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 NI624621 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 NI624621 1 2023-03-01 2024-02-28 NI624621 frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI624621 frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI624621 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI624621 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI624621 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI624621 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI624621 frs-bus:Director1 2023-03-01 2024-02-28 NI624621 frs-bus:Director2 2023-03-01 2024-02-28 NI624621 frs-bus:Director3 2023-03-01 2024-02-28 NI624621 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 NI624621 frs-countries:NorthernIreland 2023-03-01 2024-02-28 NI624621 2022-02-28 NI624621 2023-02-28 NI624621 2022-03-01 2023-02-28 NI624621 frs-core:CurrentFinancialInstruments 2023-02-28 NI624621 frs-core:SharePremium 2023-02-28 NI624621 frs-core:ShareCapital 2023-02-28 NI624621 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: NI624621
Kali Belfast Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI624621
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 629,788 666,829
Investments 5 20,000 20,000
649,788 686,829
CURRENT ASSETS
Debtors 6 1,707,508 1,679,622
Cash at bank and in hand 6,563 5,651
1,714,071 1,685,273
Creditors: Amounts Falling Due Within One Year 7 (2,090,300 ) (2,137,323 )
NET CURRENT ASSETS (LIABILITIES) (376,229 ) (452,050 )
TOTAL ASSETS LESS CURRENT LIABILITIES 273,559 234,779
NET ASSETS 273,559 234,779
CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Share premium account 19,000 19,000
Profit and Loss Account 252,559 213,779
SHAREHOLDERS' FUNDS 273,559 234,779
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Page 2
For the year ending 28 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
Mr Graeme Steele
Director
28 November 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
Kali Belfast Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI624621 . The registered office is Jefferson House, 42 Queen Street, Belfast, Northern Ireland, BT1 6HL.
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. 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:
Freehold in accordance with the property
Plant & Machinery 10% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 10% straight line
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their historic cost.
3. Average Number of Employees
Average number of employees, other than the directors who were not paid, during the year was: NIL (2023: NIL)
- -
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4. Investment Property
2024
£
Fair Value
As at 1 March 2023 926,026
Depreciation and impairment (296,238 )
As at 28 February 2024 629,788
5. Investments
Unlisted
£
Cost
As at 1 March 2023 20,000
As at 28 February 2024 20,000
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 20,000
As at 1 March 2023 20,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,988 4,950
Prepayments and accrued income 17,348 -
Amounts owed by group undertakings 1,683,172 1,674,672
1,707,508 1,679,622
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,854 10,436
Bank loans and overdrafts 116,667 166,667
Corporation tax 477 477
VAT 1,373 2,764
Other creditors 1,943,724 1,945,344
Accruals and deferred income 2,250 2,250
Directors' loan accounts 8,955 9,385
2,090,300 2,137,323
The overdraft is secured by a debenture over the assets of the company, and by inter company guarantees with Fortuna Inns Limited, Osiris Bars Limited and Osiris Bars No 2 Limited.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
9. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership and/or control of 100% of the issued share capital in the company.
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