Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12752460 Mrs Karen Massey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12752460 2023-07-31 12752460 2024-07-31 12752460 2023-08-01 2024-07-31 12752460 frs-core:CurrentFinancialInstruments 2024-07-31 12752460 frs-core:ComputerEquipment 2024-07-31 12752460 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12752460 frs-core:ComputerEquipment 2023-07-31 12752460 frs-core:ShareCapital 2024-07-31 12752460 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12752460 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12752460 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12752460 frs-bus:SmallEntities 2023-08-01 2024-07-31 12752460 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12752460 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12752460 frs-bus:Director1 2023-08-01 2024-07-31 12752460 frs-countries:EnglandWales 2023-08-01 2024-07-31 12752460 2022-07-31 12752460 2023-07-31 12752460 2022-08-01 2023-07-31 12752460 frs-core:CurrentFinancialInstruments 2023-07-31 12752460 frs-core:ShareCapital 2023-07-31 12752460 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12752460
KLM Professional Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
LMN Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12752460
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,344 757
1,344 757
CURRENT ASSETS
Debtors 5 2,340 2,338
Cash at bank and in hand 1,075 5,945
3,415 8,283
Creditors: Amounts Falling Due Within One Year 6 (2,897 ) (1,555 )
NET CURRENT ASSETS (LIABILITIES) 518 6,728
TOTAL ASSETS LESS CURRENT LIABILITIES 1,862 7,485
NET ASSETS 1,862 7,485
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,861 7,484
SHAREHOLDERS' FUNDS 1,862 7,485
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For the year ending 31 July 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 her 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 Karen Massey
Director
12/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
KLM Professional Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12752460 . The registered office is 17 Trenchard Close, Newton, Nottingham, NG13 8HF.
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 comprises services invoiced net of value added tax
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:
Computer Equipment 33% reducing balance
2.4. 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 year, 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 1,130
Additions 1,249
As at 31 July 2024 2,379
Depreciation
As at 1 August 2023 373
Provided during the period 662
As at 31 July 2024 1,035
Net Book Value
As at 31 July 2024 1,344
As at 1 August 2023 757
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,340 1,883
Director's loan account - 455
2,340 2,338
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 688 -
Other taxes and social security - 267
Accruals and deferred income 1,240 1,288
Director's loan account 969 -
2,897 1,555
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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