Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06536586 Mr Thomas Aldersley Mr Daniel Aldersley Mr Warwick Aldersley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06536586 2023-04-30 06536586 2024-04-30 06536586 2023-05-01 2024-04-30 06536586 frs-core:CurrentFinancialInstruments 2024-04-30 06536586 frs-core:Non-currentFinancialInstruments 2024-04-30 06536586 frs-core:BetweenOneFiveYears 2024-04-30 06536586 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 06536586 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 06536586 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06536586 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 06536586 frs-core:MotorVehicles 2024-04-30 06536586 frs-core:MotorVehicles 2023-05-01 2024-04-30 06536586 frs-core:MotorVehicles 2023-04-30 06536586 frs-core:OtherResidualIntangibleAssets 2024-04-30 06536586 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 06536586 frs-core:OtherResidualIntangibleAssets 2023-04-30 06536586 frs-core:PlantMachinery 2024-04-30 06536586 frs-core:PlantMachinery 2023-05-01 2024-04-30 06536586 frs-core:PlantMachinery 2023-04-30 06536586 frs-core:WithinOneYear 2024-04-30 06536586 frs-core:SharePremium 2024-04-30 06536586 frs-core:ShareCapital 2024-04-30 06536586 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06536586 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06536586 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06536586 frs-bus:SmallEntities 2023-05-01 2024-04-30 06536586 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06536586 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06536586 frs-bus:Director1 2023-05-01 2024-04-30 06536586 frs-bus:Director2 2023-05-01 2024-04-30 06536586 frs-bus:Director3 2023-05-01 2024-04-30 06536586 frs-countries:EnglandWales 2023-05-01 2024-04-30 06536586 2022-04-30 06536586 2023-04-30 06536586 2022-05-01 2023-04-30 06536586 frs-core:CurrentFinancialInstruments 2023-04-30 06536586 frs-core:Non-currentFinancialInstruments 2023-04-30 06536586 frs-core:BetweenOneFiveYears 2023-04-30 06536586 frs-core:WithinOneYear 2023-04-30 06536586 frs-core:SharePremium 2023-04-30 06536586 frs-core:ShareCapital 2023-04-30 06536586 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06536586
Akuma Sports LTD.
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06536586
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,692 27,844
Tangible Assets 5 176,905 196,859
199,597 224,703
CURRENT ASSETS
Stocks 6 1,127,249 1,196,618
Debtors 7 122,944 294,180
Cash at bank and in hand 1,571,655 954,265
2,821,848 2,445,063
Creditors: Amounts Falling Due Within One Year 8 (1,720,090 ) (1,272,853 )
NET CURRENT ASSETS (LIABILITIES) 1,101,758 1,172,210
TOTAL ASSETS LESS CURRENT LIABILITIES 1,301,355 1,396,913
Creditors: Amounts Falling Due After More Than One Year 9 (203,883 ) (313,701 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,151 ) (36,808 )
NET ASSETS 1,055,321 1,046,404
CAPITAL AND RESERVES
Called up share capital 11 10,525 10,525
Share premium account 530,025 530,025
Profit and Loss Account 514,771 505,854
SHAREHOLDERS' FUNDS 1,055,321 1,046,404
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 Thomas Aldersley
Director
Mr Daniel Aldersley
Director
Mr Warwick Aldersley
Director
16 December 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Akuma Sports LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 06536586 . The registered office is St Michael Stud, Meer End Road, Kenilworth, Warwickshire, CV8 1PU.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development, patents and licences. They are amortised at varying rates on cost.
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:
Leasehold 20% on cost
Plant & Machinery at varying rates on cost
Motor Vehicles 25% reducing balance
2.5. 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.
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.8. 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 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 43 (2023: 44)
43 44
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 48,276
Additions 1,648
As at 30 April 2024 49,924
Amortisation
As at 1 May 2023 20,432
Provided during the period 6,800
As at 30 April 2024 27,232
Net Book Value
As at 30 April 2024 22,692
As at 1 May 2023 27,844
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 May 2023 21,849 285,176 192,825 499,850
Additions 617 34,666 209,837 245,120
Disposals - - (230,076 ) (230,076 )
As at 30 April 2024 22,466 319,842 172,586 514,894
Depreciation
As at 1 May 2023 19,150 222,196 61,645 302,991
Provided during the period 1,638 25,596 61,712 88,946
Disposals - - (53,948 ) (53,948 )
As at 30 April 2024 20,788 247,792 69,409 337,989
Net Book Value
As at 30 April 2024 1,678 72,050 103,177 176,905
As at 1 May 2023 2,699 62,980 131,180 196,859
6. Stocks
2024 2023
£ £
Materials 1,127,249 1,196,618
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,755 51,570
Prepayments and accrued income 27,725 38,205
Other debtors 84,464 87,024
VAT - 10,539
Directors' loan accounts - 106,842
122,944 294,180
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,648 10,140
Trade creditors 528,675 742,977
Bank loans and overdrafts 100,000 100,000
Corporation tax 308,697 112,029
Other taxes and social security 26,684 20,813
VAT 32,208 -
Other creditors 59,190 5,434
Accruals and deferred income 416,063 281,460
Directors' loan accounts 237,925 -
1,720,090 1,272,853
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,409 57,058
Bank loans 157,474 256,643
203,883 313,701
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 57,058 67,198
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,525 10,525
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 62,143 43,733
Later than one year and not later than five years 102,684 24,824
164,827 68,557
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: £nil (2023: £106,842)
Dividends paid to directors in the year were £725,910 (2023: £252,030)
Page 6