Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10295203 Mrs JAIMINIBEN PATEL iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10295203 2023-07-31 10295203 2024-07-31 10295203 2023-08-01 2024-07-31 10295203 frs-core:CurrentFinancialInstruments 2024-07-31 10295203 frs-core:Non-currentFinancialInstruments 2024-07-31 10295203 frs-core:ComputerEquipment 2024-07-31 10295203 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10295203 frs-core:ComputerEquipment 2023-07-31 10295203 frs-core:FurnitureFittings 2024-07-31 10295203 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10295203 frs-core:FurnitureFittings 2023-07-31 10295203 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 10295203 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 10295203 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 10295203 frs-core:ShareCapital 2024-07-31 10295203 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10295203 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10295203 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10295203 frs-bus:SmallEntities 2023-08-01 2024-07-31 10295203 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10295203 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10295203 frs-bus:Director1 2023-08-01 2024-07-31 10295203 frs-countries:EnglandWales 2023-08-01 2024-07-31 10295203 2022-07-31 10295203 2023-07-31 10295203 2022-08-01 2023-07-31 10295203 frs-core:CurrentFinancialInstruments 2023-07-31 10295203 frs-core:Non-currentFinancialInstruments 2023-07-31 10295203 frs-core:ShareCapital 2023-07-31 10295203 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10295203 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 10295203
KRINA BEAUTY LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Saashiv & Co. Accountants Limited
Chartered Certified Accountants
Pentax House
South Harrow
London
HA2 0DU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10295203
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 140,351 86,130
140,351 86,130
CURRENT ASSETS
Debtors 5 56,583 58,083
Cash at bank and in hand 273,734 245,231
330,317 303,314
Creditors: Amounts Falling Due Within One Year 6 (264,165 ) (253,560 )
NET CURRENT ASSETS (LIABILITIES) 66,152 49,754
TOTAL ASSETS LESS CURRENT LIABILITIES 206,503 135,884
Creditors: Amounts Falling Due After More Than One Year 7 (9,409 ) (20,560 )
NET ASSETS 197,094 115,324
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 196,994 115,224
SHAREHOLDERS' FUNDS 197,094 115,324
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 JAIMINIBEN PATEL
Director
19/12/2024
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
KRINA BEAUTY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10295203 . The registered office is Unit 12, St Ann's Shopping Centre, St. Anns Road, Harrow, Middlesex, HA1 1AT.
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:
Leasehold Over 10 years on straight line method
Fixtures & Fittings 10% on reducing balance
Computer Equipment 10% on reducing balance
2.4. 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: 33 (2023: 30)
33 30
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 39,145 102,049 788 141,982
Additions - 70,593 - 70,593
As at 31 July 2024 39,145 172,642 788 212,575
Depreciation
As at 1 August 2023 6,996 48,068 788 55,852
Provided during the period 3,915 12,457 - 16,372
As at 31 July 2024 10,911 60,525 788 72,224
Net Book Value
As at 31 July 2024 28,234 112,117 - 140,351
As at 1 August 2023 32,149 53,981 - 86,130
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 56,583 58,083
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,908 11,908
Corporation tax 44,459 31,784
Other taxes and social security 15,986 11,557
VAT 54,689 50,373
Net wages 55,635 42,001
Pension Liability 2,661 2,584
Other creditors (1) - 22,000
Accruals and deferred income 4,332 25,074
Director's loan account 74,495 56,279
264,165 253,560
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,409 20,560
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5