Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 30 June 2024 30 June 2024 07438102 Mr Karl Ford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07438102 2023-03-31 07438102 2024-06-30 07438102 2023-04-01 2024-06-30 07438102 frs-core:CurrentFinancialInstruments 2024-06-30 07438102 frs-core:Non-currentFinancialInstruments 2024-06-30 07438102 frs-core:BetweenOneFiveYears 2024-06-30 07438102 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 07438102 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-06-30 07438102 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 07438102 frs-core:MotorVehicles 2024-06-30 07438102 frs-core:MotorVehicles 2023-04-01 2024-06-30 07438102 frs-core:MotorVehicles 2023-03-31 07438102 frs-core:PlantMachinery 2024-06-30 07438102 frs-core:PlantMachinery 2023-04-01 2024-06-30 07438102 frs-core:PlantMachinery 2023-03-31 07438102 frs-core:WithinOneYear 2024-06-30 07438102 frs-core:ShareCapital 2024-06-30 07438102 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07438102 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 07438102 frs-bus:FilletedAccounts 2023-04-01 2024-06-30 07438102 frs-bus:SmallEntities 2023-04-01 2024-06-30 07438102 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-06-30 07438102 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 07438102 frs-bus:Director1 2023-04-01 2024-06-30 07438102 frs-countries:EnglandWales 2023-04-01 2024-06-30 07438102 2022-03-31 07438102 2023-03-31 07438102 2022-04-01 2023-03-31 07438102 frs-core:CurrentFinancialInstruments 2023-03-31 07438102 frs-core:Non-currentFinancialInstruments 2023-03-31 07438102 frs-core:BetweenOneFiveYears 2023-03-31 07438102 frs-core:WithinOneYear 2023-03-31 07438102 frs-core:ShareCapital 2023-03-31 07438102 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07438102
Karl Ford Limited
Unaudited Financial Statements
For the Period 1 April 2023 to 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07438102
30 June 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 203,536 212,274
203,536 212,274
CURRENT ASSETS
Stocks 5 54,410 257,000
Debtors 6 37,241 58,114
Cash at bank and in hand 820,442 347,730
912,093 662,844
Creditors: Amounts Falling Due Within One Year 7 (172,583 ) (247,463 )
NET CURRENT ASSETS (LIABILITIES) 739,510 415,381
TOTAL ASSETS LESS CURRENT LIABILITIES 943,046 627,655
Creditors: Amounts Falling Due After More Than One Year 8 (9,000 ) (16,500 )
NET ASSETS 934,046 611,155
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 934,045 611,154
SHAREHOLDERS' FUNDS 934,046 611,155
Page 1
Page 2
For the period ending 30 June 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 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 Karl Ford
Director
11th February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Karl Ford Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07438102 . The registered office is Kojo House, St Mewan, St Austell, PL26 7DT.
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 Not depreciated
Plant & Machinery 25% per annum reducing balance
Motor Vehicles 25% per annum 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 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 period, 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 period was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 6,822 153,688 163,004 323,514
Additions - 26,520 202,403 228,923
Disposals - - (182,064 ) (182,064 )
As at 30 June 2024 6,822 180,208 183,343 370,373
Depreciation
As at 1 April 2023 - 58,041 53,199 111,240
Provided during the period - 38,177 51,237 89,414
Disposals - - (33,817 ) (33,817 )
As at 30 June 2024 - 96,218 70,619 166,837
Net Book Value
As at 30 June 2024 6,822 83,990 112,724 203,536
As at 1 April 2023 6,822 95,647 109,805 212,274
5. Stocks
30 June 2024 31 March 2023
£ £
Work in progress 54,410 257,000
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6. Debtors
30 June 2024 31 March 2023
£ £
Due within one year
Trade debtors - 51,038
Prepayments and accrued income - 7,076
VAT 37,241 -
37,241 58,114
7. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,000 6,000
Trade creditors - 42,481
Corporation tax 123,126 103,037
Other taxes and social security 363 1,890
VAT - 54,820
Accruals and deferred income 3,750 2,000
Director's loan account 39,344 37,235
172,583 247,463
8. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,000 16,500
9. Secured Creditors
Of the creditors the following amounts are secured.
30 June 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,000 22,500
10. Obligations Under Finance Leases and Hire Purchase
30 June 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,000 6,000
Later than one year and not later than five years 9,000 16,500
15,000 22,500
15,000 22,500
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11. Share Capital
30 June 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
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