Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08058384 Mr I R Branagan Mr G K Schaar Mr D M Rodwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08058384 2023-05-31 08058384 2024-05-31 08058384 2023-06-01 2024-05-31 08058384 frs-core:CurrentFinancialInstruments 2024-05-31 08058384 frs-core:Non-currentFinancialInstruments 2024-05-31 08058384 frs-core:ComputerEquipment 2024-05-31 08058384 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08058384 frs-core:ComputerEquipment 2023-05-31 08058384 frs-core:OtherReservesSubtotal 2024-05-31 08058384 frs-core:SharePremium 2024-05-31 08058384 frs-core:ShareCapital 2024-05-31 08058384 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08058384 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08058384 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08058384 frs-bus:SmallEntities 2023-06-01 2024-05-31 08058384 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08058384 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08058384 frs-bus:Director1 2023-06-01 2024-05-31 08058384 frs-bus:Director2 2023-06-01 2024-05-31 08058384 frs-bus:Director3 2023-06-01 2024-05-31 08058384 frs-countries:EnglandWales 2023-06-01 2024-05-31 08058384 2022-05-31 08058384 2023-05-31 08058384 2022-06-01 2023-05-31 08058384 frs-core:CurrentFinancialInstruments 2023-05-31 08058384 frs-core:Non-currentFinancialInstruments 2023-05-31 08058384 frs-core:OtherReservesSubtotal 2023-05-31 08058384 frs-core:SharePremium 2023-05-31 08058384 frs-core:ShareCapital 2023-05-31 08058384 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08058384
Armco Key Security Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08058384
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 1,039 2,078
1,039 2,078
CURRENT ASSETS
Debtors 5 1,717 3,965
1,717 3,965
Creditors: Amounts Falling Due Within One Year 6 (220,823 ) (204,096 )
NET CURRENT ASSETS (LIABILITIES) (219,106 ) (200,131 )
TOTAL ASSETS LESS CURRENT LIABILITIES (218,067 ) (198,053 )
Creditors: Amounts Falling Due After More Than One Year 7 (386,497 ) (382,798 )
NET LIABILITIES (604,564 ) (580,851 )
CAPITAL AND RESERVES
Called up share capital 8 108 108
Share premium account 545,366 545,366
Other reserves 45,930 -
Profit and Loss Account (1,195,968 ) (1,126,325 )
SHAREHOLDERS' FUNDS (604,564) (580,851)
Page 1
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 I R Branagan
Director
31 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Armco Key Security Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08058384 . The registered office is 29 Halstow Road, Greenwich, London, SE10 0LD.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Research and Development
Expenditure on research and development is written off in the year it is incurred.
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:
Computer Equipment fully depreciated
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 13,428
As at 31 May 2024 13,428
Depreciation
As at 1 June 2023 13,428
As at 31 May 2024 13,428
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets 719 2,119
VAT 998 1,846
1,717 3,965
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,560 12,944
Bank loans and overdrafts 58 100
Other creditors 32,141 33,084
Accruals and deferred income 99,206 80,443
Directors' loan accounts 75,858 77,525
220,823 204,096
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,174 4,473
Other creditors 383,323 378,325
386,497 382,798
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 108 108
Page 4