Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 August 2024 31 August 2024 11091494 Mr Sangkoog Kim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11091494 2023-12-31 11091494 2024-08-31 11091494 2024-01-01 2024-08-31 11091494 frs-core:CurrentFinancialInstruments 2024-08-31 11091494 frs-core:Non-currentFinancialInstruments 2024-08-31 11091494 frs-core:ComputerEquipment 2024-08-31 11091494 frs-core:ComputerEquipment 2024-01-01 2024-08-31 11091494 frs-core:ComputerEquipment 2023-12-31 11091494 frs-core:FurnitureFittings 2024-08-31 11091494 frs-core:FurnitureFittings 2024-01-01 2024-08-31 11091494 frs-core:FurnitureFittings 2023-12-31 11091494 frs-core:PlantMachinery 2024-08-31 11091494 frs-core:PlantMachinery 2024-01-01 2024-08-31 11091494 frs-core:PlantMachinery 2023-12-31 11091494 frs-core:ShareCapital 2024-08-31 11091494 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11091494 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-08-31 11091494 frs-bus:FilletedAccounts 2024-01-01 2024-08-31 11091494 frs-bus:SmallEntities 2024-01-01 2024-08-31 11091494 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-08-31 11091494 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-08-31 11091494 frs-bus:Director1 2024-01-01 2024-08-31 11091494 frs-bus:Director1 2023-12-31 11091494 frs-bus:Director1 2024-08-31 11091494 frs-countries:EnglandWales 2024-01-01 2024-08-31 11091494 2022-12-31 11091494 2023-12-31 11091494 2023-01-01 2023-12-31 11091494 frs-core:CurrentFinancialInstruments 2023-12-31 11091494 frs-core:Non-currentFinancialInstruments 2023-12-31 11091494 frs-core:ShareCapital 2023-12-31 11091494 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11091494
Kokoro Duryhana Ltd
Unaudited Financial Statements
For the Period 1 January 2024 to 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11091494
31 August 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 187,373 212,206
187,373 212,206
CURRENT ASSETS
Stocks 5 27,502 24,873
Debtors 6 50,349 44,062
Cash at bank and in hand 188,518 67,619
266,369 136,554
Creditors: Amounts Falling Due Within One Year 7 (214,679 ) (262,981 )
NET CURRENT ASSETS (LIABILITIES) 51,690 (126,427 )
TOTAL ASSETS LESS CURRENT LIABILITIES 239,063 85,779
Creditors: Amounts Falling Due After More Than One Year 8 (59,444 ) (28,422 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,603 ) (40,278 )
NET ASSETS 144,016 17,079
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 143,916 16,979
SHAREHOLDERS' FUNDS 144,016 17,079
Page 1
Page 2
For the period ending 31 August 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 his 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 Sangkoog Kim
Director
23/01/2025
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
Kokoro Duryhana Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11091494 . The registered office is 29 Queen Victoria Street, Reading, RG1 1SY.
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:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. 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.
2.5. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: 25 (2023: 26)
25 26
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 15,660 441,735 1,804 459,199
Additions 3,994 - - 3,994
As at 31 August 2024 19,654 441,735 1,804 463,193
Depreciation
As at 1 January 2024 9,608 236,273 1,112 246,993
Provided during the period 1,340 27,395 92 28,827
As at 31 August 2024 10,948 263,668 1,204 275,820
Net Book Value
As at 31 August 2024 8,706 178,067 600 187,373
As at 1 January 2024 6,052 205,462 692 212,206
5. Stocks
31 August 2024 31 December 2023
£ £
Finished goods 27,502 24,873
6. Debtors
31 August 2024 31 December 2023
£ £
Due within one year
Prepayments and accrued income 31,839 37,658
Other debtors 2,792 -
Other taxes and social security - 49
Wages Payable - Payroll 4,954 -
Director's loan account 10,764 203
50,349 37,910
Due after more than one year
Net wages - 6,152
50,349 44,062
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 December 2023
£ £
Bank loans and overdrafts 31,699 33,474
Corporation tax 61,134 14,039
Other taxes and social security 1,917 -
VAT 43,582 58,187
Wages Payable - Payroll - 3,896
Accruals and deferred income 76,347 153,385
214,679 262,981
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 December 2023
£ £
Bank loans 7,911 28,422
Other creditors 51,533 -
59,444 28,422
9. Share Capital
31 August 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Sangkoog Kim 203 10,000 - - -
The above loan is unsecured, interest free and repayable on demand.
Page 5