Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 02520927 Mr K B Armstrong Mr E W McCausland Mr E W McCausland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02520927 2023-05-31 02520927 2024-05-31 02520927 2023-06-01 2024-05-31 02520927 frs-core:CurrentFinancialInstruments 2024-05-31 02520927 frs-core:Non-currentFinancialInstruments 2024-05-31 02520927 frs-core:BetweenOneFiveYears 2024-05-31 02520927 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 02520927 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 02520927 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 02520927 frs-core:PlantMachinery 2024-05-31 02520927 frs-core:PlantMachinery 2023-06-01 2024-05-31 02520927 frs-core:PlantMachinery 2023-05-31 02520927 frs-core:WithinOneYear 2024-05-31 02520927 frs-core:CapitalRedemptionReserve 2024-05-31 02520927 frs-core:ShareCapital 2024-05-31 02520927 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 02520927 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02520927 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 02520927 frs-bus:SmallEntities 2023-06-01 2024-05-31 02520927 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 02520927 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02520927 frs-bus:Director1 2023-06-01 2024-05-31 02520927 frs-bus:Director2 2023-06-01 2024-05-31 02520927 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 02520927 frs-countries:EnglandWales 2023-06-01 2024-05-31 02520927 2022-05-31 02520927 2023-05-31 02520927 2022-06-01 2023-05-31 02520927 frs-core:CurrentFinancialInstruments 2023-05-31 02520927 frs-core:Non-currentFinancialInstruments 2023-05-31 02520927 frs-core:BetweenOneFiveYears 2023-05-31 02520927 frs-core:WithinOneYear 2023-05-31 02520927 frs-core:CapitalRedemptionReserve 2023-05-31 02520927 frs-core:ShareCapital 2023-05-31 02520927 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 02520927
K.B.A. & E.M. Developments Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02520927
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,405,016 1,379,104
1,405,016 1,379,104
CURRENT ASSETS
Stocks 5 15,199 9,282
Debtors 6 25,000 1,997
Cash at bank and in hand 770,544 864,068
810,743 875,347
Creditors: Amounts Falling Due Within One Year 7 (427,106 ) (475,778 )
NET CURRENT ASSETS (LIABILITIES) 383,637 399,569
TOTAL ASSETS LESS CURRENT LIABILITIES 1,788,653 1,778,673
Creditors: Amounts Falling Due After More Than One Year 8 (475,122 ) (524,319 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (75,321 ) (62,244 )
NET ASSETS 1,238,210 1,192,110
CAPITAL AND RESERVES
Called up share capital 10 19,000 19,000
Capital redemption reserve 1,000 1,000
Profit and Loss Account 1,218,210 1,172,110
SHAREHOLDERS' FUNDS 1,238,210 1,192,110
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Page 2
For the year ending 31 May 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 K B Armstrong
Director
Mr E W McCausland
Director
17 February 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
K.B.A. & E.M. Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02520927 . The registered office is Trent Lock Golf Centre, Lock Lane, Sawley, Nottingham, NG10 2FY.
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:
Freehold 2% Straight Line
Plant & Machinery 10% Straight Line
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 25)
29 25
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 June 2023 1,950,232 1,978,683 3,928,915
Additions - 131,945 131,945
As at 31 May 2024 1,950,232 2,110,628 4,060,860
Depreciation
As at 1 June 2023 920,469 1,629,342 2,549,811
Provided during the period 39,002 67,031 106,033
As at 31 May 2024 959,471 1,696,373 2,655,844
Net Book Value
As at 31 May 2024 990,761 414,255 1,405,016
As at 1 June 2023 1,029,763 349,341 1,379,104
5. Stocks
2024 2023
£ £
Stock 15,199 9,282
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,997
Other debtors 25,000 -
25,000 1,997
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 67,581 60,525
Trade creditors 115,287 123,619
Bank loans and overdrafts 39,218 39,218
Corporation tax 9,374 63,719
Other taxes and social security 64,875 57,232
Other creditors 36,137 36,831
Accruals and deferred income 69,000 69,000
Directors' loan accounts 25,634 25,634
427,106 475,778
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 145,779 157,674
Bank loans 329,343 366,645
475,122 524,319
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 67,581 60,525
Later than one year and not later than five years 145,779 157,674
213,360 218,199
213,360 218,199
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 19,000 19,000
11. Related Party Transactions
At the balance sheet date, the company owed the directors £25,634 (2023: £25,634). The amount is unsecured, interest-free, with no fixed repayment date.
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