Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10520842 Mr Phillip Keerie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10520842 2022-12-31 10520842 2023-12-31 10520842 2023-01-01 2023-12-31 10520842 frs-core:CurrentFinancialInstruments 2023-12-31 10520842 frs-core:Non-currentFinancialInstruments 2023-12-31 10520842 frs-core:MotorVehicles 2023-12-31 10520842 frs-core:MotorVehicles 2023-01-01 2023-12-31 10520842 frs-core:MotorVehicles 2022-12-31 10520842 frs-core:PlantMachinery 2023-12-31 10520842 frs-core:PlantMachinery 2023-01-01 2023-12-31 10520842 frs-core:PlantMachinery 2022-12-31 10520842 frs-core:ShareCapital 2023-12-31 10520842 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10520842 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10520842 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10520842 frs-bus:SmallEntities 2023-01-01 2023-12-31 10520842 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10520842 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10520842 frs-bus:Director1 2023-01-01 2023-12-31 10520842 frs-bus:Director1 2022-12-31 10520842 frs-bus:Director1 2023-12-31 10520842 frs-countries:EnglandWales 2023-01-01 2023-12-31 10520842 2021-12-31 10520842 2022-12-31 10520842 2022-01-01 2022-12-31 10520842 frs-core:CurrentFinancialInstruments 2022-12-31 10520842 frs-core:Non-currentFinancialInstruments 2022-12-31 10520842 frs-core:ShareCapital 2022-12-31 10520842 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10520842
S&K Elite Envelopes (Sth) Ltd
Financial Statements
For The Year Ended 31 December 2023
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of S&K Elite Envelopes (Sth) Ltd for the year ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S&K Elite Envelopes (Sth) Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of S&K Elite Envelopes (Sth) Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of S&K Elite Envelopes (Sth) Ltd and state those matters that we have agreed to state to the director of S&K Elite Envelopes (Sth) Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S&K Elite Envelopes (Sth) Ltd and its director as a body for our work or for this report.
It is your duty to ensure that S&K Elite Envelopes (Sth) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of S&K Elite Envelopes (Sth) Ltd . You consider that S&K Elite Envelopes (Sth) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of S&K Elite Envelopes (Sth) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
CKR & Associates
25 November 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Page 1
Page 2
Balance Sheet
Registered number: 10520842
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,556 11,408
8,556 11,408
CURRENT ASSETS
Stocks 5 18,000 20,150
Debtors 6 138,913 210,646
Cash at bank and in hand 77,899 130,377
234,812 361,173
Creditors: Amounts Falling Due Within One Year 7 (210,591 ) (414,550 )
NET CURRENT ASSETS (LIABILITIES) 24,221 (53,377 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,777 (41,969 )
Creditors: Amounts Falling Due After More Than One Year 8 (32,188 ) (42,439 )
NET ASSETS/(LIABILITIES) 589 (84,408 )
CAPITAL AND RESERVES
Called up share capital 9 6 6
Profit and Loss Account 583 (84,414 )
SHAREHOLDERS' FUNDS 589 (84,408)
Page 2
Page 3
For the year ending 31 December 2023 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 Phillip Keerie
Director
25 November 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
S&K Elite Envelopes (Sth) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10520842 . The registered office is CKR House, 70East Hill, Dartford, DA1 1RZ.
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. Going Concern Disclosure
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company’s liability for the year ended 31 December 2022 exceeds its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
2.3. 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.
2.4. 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 25% on a reducing balance
Motor Vehicles 25% on a 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.
Page 4
Page 5
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 28,151 29,893 58,044
As at 31 December 2023 28,151 29,893 58,044
Depreciation
As at 1 January 2023 22,507 24,129 46,636
Provided during the period 1,411 1,441 2,852
As at 31 December 2023 23,918 25,570 49,488
Net Book Value
As at 31 December 2023 4,233 4,323 8,556
As at 1 January 2023 5,644 5,764 11,408
5. Stocks
2023 2022
£ £
Stock 18,000 20,150
Page 5
Page 6
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 101,907 201,958
Other debtors 3,760 3,760
Corporation tax recoverable assets 8,389 -
VAT - 4,928
Director's loan account 24,857 -
138,913 210,646
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 168,577 364,917
Bank loans and overdrafts 6,033 -
Corporation tax 14,049 86
VAT 11,693 -
Finance Lease & HP contracts 2,379 2,379
Accruals and deferred income 7,860 7,000
Director's loan account - 704
Amounts owed to group undertakings - 39,464
210,591 414,550
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 32,188 42,439
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 6 6
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Phillip Keerie - - - - 24,857
The above loan is unsecured, interest free and repayable on demand.
11. Other information
The company is a wholly owned subsidiary of S & K Management Ltd.
Page 6