Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04678621 Mr Norman Guest Mrs Marilyn Guest Mr Darren Guest iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04678621 2023-04-30 04678621 2024-04-30 04678621 2023-05-01 2024-04-30 04678621 frs-core:CurrentFinancialInstruments 2024-04-30 04678621 frs-core:FurnitureFittings 2024-04-30 04678621 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04678621 frs-core:FurnitureFittings 2023-04-30 04678621 frs-core:NetGoodwill 2024-04-30 04678621 frs-core:NetGoodwill 2023-05-01 2024-04-30 04678621 frs-core:NetGoodwill 2023-04-30 04678621 frs-core:MotorVehicles 2024-04-30 04678621 frs-core:MotorVehicles 2023-05-01 2024-04-30 04678621 frs-core:MotorVehicles 2023-04-30 04678621 frs-core:PlantMachinery 2024-04-30 04678621 frs-core:PlantMachinery 2023-05-01 2024-04-30 04678621 frs-core:PlantMachinery 2023-04-30 04678621 frs-core:ShareCapital 2024-04-30 04678621 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04678621 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04678621 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04678621 frs-bus:SmallEntities 2023-05-01 2024-04-30 04678621 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04678621 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04678621 frs-bus:Director1 2023-05-01 2024-04-30 04678621 frs-bus:Director2 2023-05-01 2024-04-30 04678621 frs-bus:Director3 2023-05-01 2024-04-30 04678621 frs-countries:EnglandWales 2023-05-01 2024-04-30 04678621 2022-04-30 04678621 2023-04-30 04678621 2022-05-01 2023-04-30 04678621 frs-core:CurrentFinancialInstruments 2023-04-30 04678621 frs-core:ShareCapital 2023-04-30 04678621 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04678621
KDM Print Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Baillie Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04678621
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,950 15,950
Tangible Assets 5 7,996 8,973
23,946 24,923
CURRENT ASSETS
Stocks 6 1,620 1,620
Debtors 7 4,474 8,742
Cash at bank and in hand 3,683 14,902
9,777 25,264
Creditors: Amounts Falling Due Within One Year 8 (36,317 ) (40,420 )
NET CURRENT ASSETS (LIABILITIES) (26,540 ) (15,156 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,594 ) 9,767
NET (LIABILITIES)/ASSETS (2,594 ) 9,767
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (2,694 ) 9,667
SHAREHOLDERS' FUNDS (2,594) 9,767
Page 1
Page 2
For the year ending 30 April 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 Norman Guest
Director
17/07/2024
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
KDM Print Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04678621 . The registered office is Unit 1, Attwood Business Centre, Attwood Street, Stourbridge, West Midlands, DY9 8RY.
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 is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 10% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 10% 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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 29,000
As at 30 April 2024 29,000
Amortisation
As at 1 May 2023 13,050
As at 30 April 2024 13,050
Net Book Value
As at 30 April 2024 15,950
As at 1 May 2023 15,950
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 23,513 4,000 4,106 31,619
As at 30 April 2024 23,513 4,000 4,106 31,619
Depreciation
As at 1 May 2023 16,310 3,466 2,870 22,646
Provided during the period 720 134 123 977
As at 30 April 2024 17,030 3,600 2,993 23,623
Net Book Value
As at 30 April 2024 6,483 400 1,113 7,996
As at 1 May 2023 7,203 534 1,236 8,973
6. Stocks
2024 2023
£ £
Finished goods 1,620 1,620
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,674 7,942
Prepayments and accrued income 800 800
4,474 8,742
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,103 6,886
Other taxes and social security 457 457
VAT 897 1,425
Accruals and deferred income 1,242 1,242
Directors' loan accounts 30,618 30,410
36,317 40,420
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5