Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10702660 Mr Krasen Andreev Mr Radoslav Raykov iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10702660 2023-03-31 10702660 2024-03-31 10702660 2023-04-01 2024-03-31 10702660 frs-core:CurrentFinancialInstruments 2024-03-31 10702660 frs-core:Non-currentFinancialInstruments 2024-03-31 10702660 frs-core:BetweenOneFiveYears 2024-03-31 10702660 frs-core:ComputerEquipment 2024-03-31 10702660 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10702660 frs-core:ComputerEquipment 2023-03-31 10702660 frs-core:FurnitureFittings 2024-03-31 10702660 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10702660 frs-core:FurnitureFittings 2023-03-31 10702660 frs-core:MotorVehicles 2024-03-31 10702660 frs-core:MotorVehicles 2023-04-01 2024-03-31 10702660 frs-core:MotorVehicles 2023-03-31 10702660 frs-core:WithinOneYear 2024-03-31 10702660 frs-core:ShareCapital 2024-03-31 10702660 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10702660 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10702660 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10702660 frs-bus:SmallEntities 2023-04-01 2024-03-31 10702660 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10702660 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10702660 frs-bus:Director1 2023-04-01 2024-03-31 10702660 frs-bus:Director2 2023-04-01 2024-03-31 10702660 frs-countries:EnglandWales 2023-04-01 2024-03-31 10702660 2022-03-31 10702660 2023-03-31 10702660 2022-04-01 2023-03-31 10702660 frs-core:CurrentFinancialInstruments 2023-03-31 10702660 frs-core:Non-currentFinancialInstruments 2023-03-31 10702660 frs-core:BetweenOneFiveYears 2023-03-31 10702660 frs-core:WithinOneYear 2023-03-31 10702660 frs-core:ShareCapital 2023-03-31 10702660 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10702660
K & R Cheap Services Ltd
Financial Statements
For The Year Ended 31 March 2024
Plamel Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10702660
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 348,582 348,582
348,582 348,582
CURRENT ASSETS
Debtors 5 58,533 58,533
Cash at bank and in hand 7,035 7,035
65,568 65,568
Creditors: Amounts Falling Due Within One Year 6 (496,690 ) (496,690 )
NET CURRENT ASSETS (LIABILITIES) (431,122 ) (431,122 )
TOTAL ASSETS LESS CURRENT LIABILITIES (82,540 ) (82,540 )
Creditors: Amounts Falling Due After More Than One Year 7 136,041 136,041
NET ASSETS 53,501 53,501
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 53,499 53,499
SHAREHOLDERS' FUNDS 53,501 53,501
Page 1
Page 2
For the year ending 31 March 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 Krasen Andreev
Director
22/01/2025
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 & R Cheap Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10702660 . The registered office is 58 Beacon Drive, Bean, Dartford, DA2 8BG.
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 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:
Motor Vehicles 12.5% Straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 415,980 91 216 416,287
As at 31 March 2024 415,980 91 216 416,287
Depreciation
As at 1 April 2023 67,628 54 23 67,705
As at 31 March 2024 67,628 54 23 67,705
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 348,352 37 193 348,582
As at 1 April 2023 348,352 37 193 348,582
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 40,575 40,575
Net wages 6,643 6,643
K&G VIP Services 10,940 10,940
58,158 58,158
Due after more than one year
Other taxes and social security 375 375
58,533 58,533
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 62,513 62,513
Trade creditors 10,881 10,881
Bank loans and overdrafts 50,000 50,000
Other taxes and social security 224 224
VAT 102,109 102,109
Directors' loan accounts 269,533 269,533
Gods of Delivery 1,430 1,430
496,690 496,690
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 70,246 70,246
Bank loans (206,287 ) (206,287 )
(136,041 ) (136,041 )
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 62,513 62,513
Later than one year and not later than five years 70,246 70,246
132,759 132,759
132,759 132,759
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5