Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11452043 Mr David Brown Mr Chris Martin Mr Christopher Rendel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11452043 2023-12-31 11452043 2024-12-31 11452043 2024-01-01 2024-12-31 11452043 frs-core:CurrentFinancialInstruments 2024-12-31 11452043 frs-core:Non-currentFinancialInstruments 2024-12-31 11452043 frs-core:ComputerEquipment 2024-12-31 11452043 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11452043 frs-core:ComputerEquipment 2023-12-31 11452043 frs-core:FurnitureFittings 2024-12-31 11452043 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11452043 frs-core:FurnitureFittings 2023-12-31 11452043 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11452043 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11452043 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11452043 frs-bus:SmallEntities 2024-01-01 2024-12-31 11452043 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11452043 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11452043 frs-bus:Director1 2024-01-01 2024-12-31 11452043 frs-bus:Director2 2024-01-01 2024-12-31 11452043 frs-bus:Director3 2024-01-01 2024-12-31 11452043 frs-countries:EnglandWales 2024-01-01 2024-12-31 11452043 2022-12-31 11452043 2023-12-31 11452043 2023-01-01 2023-12-31 11452043 frs-core:CurrentFinancialInstruments 2023-12-31 11452043 frs-core:Non-currentFinancialInstruments 2023-12-31 11452043 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11452043
Klive Agency Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11452043
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,604 2,722
5,604 2,722
CURRENT ASSETS
Debtors 5 48,052 76,151
Cash at bank and in hand 25,378 24,719
73,430 100,870
Creditors: Amounts Falling Due Within One Year 6 (42,721 ) (68,432 )
NET CURRENT ASSETS (LIABILITIES) 30,709 32,438
TOTAL ASSETS LESS CURRENT LIABILITIES 36,313 35,160
Creditors: Amounts Falling Due After More Than One Year 7 (4,167 ) (14,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,301 ) (648 )
NET ASSETS 30,845 20,345
Profit and Loss Account 30,845 20,345
SHAREHOLDERS' FUNDS 30,845 20,345
Page 1
Page 2
For the year ending 31 December 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.
The financial statements were approved by the board of directors on 21 February 2025 and were signed on its behalf by:
Mr David Brown
Director
21 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
Klive Agency Limited is a private company,  limited by shares, incorporated in England & Wales, registered number 11452043 . The registered office is Scott House, The Concourse, Waterloo Station, London, SE1 7LY.
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 company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. Turnover
Revenue is recognised to the extent there is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period in which the services are provided.

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:
Fixtures & Fittings 5 years on a straight-line basis
Computer Equipment 3 years on a straight-line basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss. 
2.5. Leasing and Hire Purchase Contracts
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.
2.6. Financial Instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.

...CONTINUED
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2.6. Financial Instruments - continued
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.   Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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 year 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 asset reflects 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.
2.9. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
3. Average Number of Employees
Average number of employees during the year was 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 - 10,365 10,365
Additions 210 6,122 6,332
Disposals - (2,749 ) (2,749 )
As at 31 December 2024 210 13,738 13,948
...CONTINUED
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Page 5
Depreciation
As at 1 January 2024 - 7,643 7,643
Provided during the period - 2,381 2,381
Disposals - (1,680 ) (1,680 )
As at 31 December 2024 - 8,344 8,344
Net Book Value
As at 31 December 2024 210 5,394 5,604
As at 1 January 2024 - 2,722 2,722
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,349 74,589
Other debtors 1,703 1,562
48,052 76,151
Other debtors includes an amount of £140 due from a director. This amount has since been repaid to the company.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 525 7,311
Bank loans and overdrafts 10,000 10,000
Other creditors - 10,325
Taxation and social security 32,196 40,796
42,721 68,432
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,167 14,167
8. Share Capital
2024 2023
£ £
The issued share capital comprises 103,093 shares at nominal value £0.52.
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