Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02084763 Mrs Mandy Kavanagh Mr Graham Glaze Mr Andrew Moores Mrs Lisa Cooper Mr Graham Glaze iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02084763 2023-04-30 02084763 2024-04-30 02084763 2023-05-01 2024-04-30 02084763 frs-core:CurrentFinancialInstruments 2024-04-30 02084763 frs-core:Non-currentFinancialInstruments 2024-04-30 02084763 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 02084763 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 02084763 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 02084763 frs-core:MotorVehicles 2024-04-30 02084763 frs-core:MotorVehicles 2023-05-01 2024-04-30 02084763 frs-core:MotorVehicles 2023-04-30 02084763 frs-core:PlantMachinery 2024-04-30 02084763 frs-core:PlantMachinery 2023-05-01 2024-04-30 02084763 frs-core:PlantMachinery 2023-04-30 02084763 frs-core:WithinOneYear 2024-04-30 02084763 frs-core:ShareCapital 2024-04-30 02084763 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02084763 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02084763 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02084763 frs-bus:SmallEntities 2023-05-01 2024-04-30 02084763 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02084763 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02084763 frs-core:UnlistedNon-exchangeTraded 2024-04-30 02084763 frs-core:UnlistedNon-exchangeTraded 2023-04-30 02084763 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 02084763 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 02084763 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 02084763 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 02084763 frs-bus:Director1 2023-05-01 2024-04-30 02084763 frs-bus:Director2 2023-05-01 2024-04-30 02084763 frs-bus:Director3 2023-05-01 2024-04-30 02084763 frs-bus:Director4 2023-05-01 2024-04-30 02084763 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 02084763 frs-countries:EnglandWales 2023-05-01 2024-04-30 02084763 2022-04-30 02084763 2023-04-30 02084763 2022-05-01 2023-04-30 02084763 frs-core:CurrentFinancialInstruments 2023-04-30 02084763 frs-core:Non-currentFinancialInstruments 2023-04-30 02084763 frs-core:WithinOneYear 2023-04-30 02084763 frs-core:ShareCapital 2023-04-30 02084763 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 02084763
Kavanagh Roofing Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Hub Accountants Limited
Chartered Accountants
Innovation House
Wincombe Lane
Shaftesbury
Dorset
SP7 8FG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02084763
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 317,042 283,260
Investments 5 100 100
317,142 283,360
CURRENT ASSETS
Stocks 6 750,836 565,099
Debtors 7 580,833 833,383
Cash at bank and in hand 190,879 333,095
1,522,548 1,731,577
Creditors: Amounts Falling Due Within One Year 8 (670,198 ) (805,135 )
NET CURRENT ASSETS (LIABILITIES) 852,350 926,442
TOTAL ASSETS LESS CURRENT LIABILITIES 1,169,492 1,209,802
Creditors: Amounts Falling Due After More Than One Year 9 (136,057 ) (158,175 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,623 ) (16,421 )
NET ASSETS 1,003,812 1,035,206
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,003,712 1,035,106
SHAREHOLDERS' FUNDS 1,003,812 1,035,206
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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
Mrs Mandy Kavanagh
Director
29th January 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kavanagh Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02084763 . The registered office is Longmead Industrial Estate, Shaftesbury, Dorset, SP7 8PL.
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 represents amounts receivable for goods and services rendered net of VAT.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 life of the lease
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
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.
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.
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2.6. 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.
2.7. 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: 40 (2023: 40)
40 40
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 May 2023 256,665 35,473 296,295 588,433
Additions - - 77,900 77,900
Disposals - - (9,500 ) (9,500 )
As at 30 April 2024 256,665 35,473 364,695 656,833
Depreciation
As at 1 May 2023 59,833 25,945 219,395 305,173
Provided during the period 2,930 2,488 38,700 44,118
Disposals - - (9,500 ) (9,500 )
As at 30 April 2024 62,763 28,433 248,595 339,791
Net Book Value
As at 30 April 2024 193,902 7,040 116,100 317,042
As at 1 May 2023 196,832 9,528 76,900 283,260
5. Investments
Unlisted
£
Cost
As at 1 May 2023 100
As at 30 April 2024 100
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 100
As at 1 May 2023 100
Investment in a wholly owned subsidiary are are shown at cost.
6. Stocks
2024 2023
£ £
Stock 750,836 565,099
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 499,578 762,937
Prepayments and accrued income 55,694 51,658
Other debtors 7,632 880
Corporation tax recoverable assets 10,903 -
VAT 7,026 17,908
580,833 833,383
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,542 27,126
Trade creditors 325,960 393,707
Bank loans and overdrafts 50,000 50,000
Corporation tax - 10,875
Other taxes and social security 28,839 44,508
Net wages 39,072 27,889
Accruals and deferred income 29,615 27,073
Directors' loan accounts 151,170 223,957
670,198 805,135
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 81,790 53,908
Bank loans 54,167 104,167
Amounts owed to subsidiaries 100 100
136,057 158,175
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 127,331 81,034
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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 13,744 13,744
13,744 13,744
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