Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 23 November 2021 false 1 December 2022 30 November 2023 30 November 2023 13761099 Mr Craig Gray Mr Adam Brockley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13761099 2022-11-30 13761099 2023-11-30 13761099 2022-12-01 2023-11-30 13761099 frs-core:CurrentFinancialInstruments 2023-11-30 13761099 frs-core:ShareCapital 2023-11-30 13761099 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13761099 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13761099 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13761099 frs-bus:SmallEntities 2022-12-01 2023-11-30 13761099 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13761099 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13761099 frs-bus:Director1 2022-12-01 2023-11-30 13761099 frs-bus:Director2 2022-12-01 2023-11-30 13761099 frs-core:CurrentFinancialInstruments 3 2023-11-30 13761099 frs-core:CurrentFinancialInstruments 4 2023-11-30 13761099 frs-countries:EnglandWales 2022-12-01 2023-11-30 13761099 2021-11-22 13761099 2022-11-30 13761099 2021-11-23 2022-11-30 13761099 frs-core:CurrentFinancialInstruments 2022-11-30 13761099 frs-core:ShareCapital 2022-11-30 13761099 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 13761099 frs-core:CurrentFinancialInstruments 3 2022-11-30 13761099 frs-core:CurrentFinancialInstruments 4 2022-11-30
Registered number: 13761099
Klara Squire Limited
Financial Statements
For The Year Ended 30 November 2023
Resolve Corporate Ltd
11 Garden Court
Tewin Road
Welwyn Garden City
Hertfordshire
AL7 1BH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13761099
30 November 2023 30 November 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 616,217 4,719,019
Debtors 5 339,087 69,516
Cash at bank and in hand 1,139 153,658
956,443 4,942,193
Creditors: Amounts Falling Due Within One Year 6 (967,954 ) (4,998,373 )
NET CURRENT ASSETS (LIABILITIES) (11,511 ) (56,180 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,511 ) (56,180 )
NET LIABILITIES (11,511 ) (56,180 )
CAPITAL AND RESERVES
Called up share capital 7 99 99
Profit and Loss Account (11,610 ) (56,279 )
SHAREHOLDERS' FUNDS (11,511) (56,180)
For the year ending 30 November 2023 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 Craig Gray
Director
27th November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Klara Squire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13761099 . The registered office is Second Floor Lhs, 10 Bull Plain, Hertford, Hertfordshire, SG14 1DT.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Stocks
30 November 2023 30 November 2022
£ £
Stock - cost of purchase 422,055 2,973,460
Stock - cost of conversion 118,799 1,550,922
Stock - other costs 75,363 194,637
616,217 4,719,019
5. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Trade debtors 5,835 -
Prepayments and accrued income - 24,421
Other debtors 275,219 33
VAT 58,033 45,062
339,087 69,516
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Trade creditors 278,583 186,118
Bank loans and overdrafts - 3,531,912
Deposits held 20,250 2,400
Investor 1 272,603 1,073,634
Investor 2 51,495 204,309
Accruals and deferred income 345,023 -
967,954 4,998,373
7. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 99 99
Page 3