Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 31 August 2024 31 August 2024 12871200 Miss So Young Kim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12871200 2023-09-30 12871200 2024-08-31 12871200 2023-10-01 2024-08-31 12871200 frs-core:CurrentFinancialInstruments 2024-08-31 12871200 frs-core:Non-currentFinancialInstruments 2024-08-31 12871200 frs-core:FurnitureFittings 2024-08-31 12871200 frs-core:FurnitureFittings 2023-10-01 2024-08-31 12871200 frs-core:FurnitureFittings 2023-09-30 12871200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 12871200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-08-31 12871200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 12871200 frs-core:PlantMachinery 2024-08-31 12871200 frs-core:PlantMachinery 2023-10-01 2024-08-31 12871200 frs-core:PlantMachinery 2023-09-30 12871200 frs-core:ShareCapital 2024-08-31 12871200 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12871200 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-08-31 12871200 frs-bus:FilletedAccounts 2023-10-01 2024-08-31 12871200 frs-bus:SmallEntities 2023-10-01 2024-08-31 12871200 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-08-31 12871200 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-08-31 12871200 frs-bus:Director1 2023-10-01 2024-08-31 12871200 frs-countries:EnglandWales 2023-10-01 2024-08-31 12871200 2022-09-30 12871200 2023-09-30 12871200 2022-10-01 2023-09-30 12871200 frs-core:CurrentFinancialInstruments 2023-09-30 12871200 frs-core:Non-currentFinancialInstruments 2023-09-30 12871200 frs-core:ShareCapital 2023-09-30 12871200 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12871200
Kokoro Young Ltd
Unaudited Financial Statements
For the Period 1 October 2023 to 31 August 2024
KPY PHILLIPS YOUNG LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12871200
31 August 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 242,078 241,182
242,078 241,182
CURRENT ASSETS
Stocks 5 19,882 21,457
Debtors 6 28,666 20,104
Cash at bank and in hand 161,521 154,425
210,069 195,986
Creditors: Amounts Falling Due Within One Year 7 (181,054 ) (194,824 )
NET CURRENT ASSETS (LIABILITIES) 29,015 1,162
TOTAL ASSETS LESS CURRENT LIABILITIES 271,093 242,344
Creditors: Amounts Falling Due After More Than One Year 8 (2,529 ) (20,669 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,024 ) (19,730 )
NET ASSETS 238,540 201,945
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 238,440 201,845
SHAREHOLDERS' FUNDS 238,540 201,945
Page 1
Page 2
For the period ending 31 August 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
Miss So Young Kim
Director
20/02/2025
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
Kokoro Young Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12871200 . The registered office is 100 High Street, Epsom, KT19 8BJ.
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:
Leasehold Over the lease term
Plant & Machinery 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.4. 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.
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: 24 (2023: 32)
24 32
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 229,449 26,413 56,375 312,237
Additions 16,000 - 11,375 27,375
As at 31 August 2024 245,449 26,413 67,750 339,612
Depreciation
As at 1 October 2023 38,170 11,159 21,726 71,055
Provided during the period 15,244 2,797 8,438 26,479
As at 31 August 2024 53,414 13,956 30,164 97,534
Net Book Value
As at 31 August 2024 192,035 12,457 37,586 242,078
As at 1 October 2023 191,279 15,254 34,649 241,182
5. Stocks
31 August 2024 30 September 2023
£ £
Materials 19,882 21,457
6. Debtors
31 August 2024 30 September 2023
£ £
Due within one year
Trade debtors 20,696 -
Prepayments and accrued income 7,970 18,934
Other debtors - 1,050
Director's loan account - 120
28,666 20,104
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 30 September 2023
£ £
Trade creditors 60,280 48,301
Bank loans and overdrafts 80,556 79,167
Corporation tax 2,359 -
Other taxes and social security 13,161 13,204
VAT 23,601 37,959
Net wages - 1,764
Accruals and deferred income - 14,429
Director's loan account 1,097 -
181,054 194,824
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 30 September 2023
£ £
Bank loans (16,667 ) -
Other creditors 19,196 20,669
2,529 20,669
9. Share Capital
31 August 2024 30 September 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5