Acorah Software Products - Accounts Production 16.1.300 false true 30 December 2022 31 December 2021 false 31 December 2022 30 December 2023 30 December 2023 00554090 Mr Andrew Mark Zimbler Mrs Jennifer Zimbler Mrs Jennifer Zimbler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00554090 2022-12-30 00554090 2023-12-30 00554090 2022-12-31 2023-12-30 00554090 frs-core:CurrentFinancialInstruments 2023-12-30 00554090 frs-core:Non-currentFinancialInstruments 2023-12-30 00554090 frs-core:PlantMachinery 2023-12-30 00554090 frs-core:PlantMachinery 2022-12-31 2023-12-30 00554090 frs-core:PlantMachinery 2022-12-30 00554090 frs-core:RevaluationReserve 2022-12-30 00554090 frs-core:RevaluationReserve 2023-12-30 00554090 frs-core:ShareCapital 2023-12-30 00554090 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 00554090 frs-bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 00554090 frs-bus:FilletedAccounts 2022-12-31 2023-12-30 00554090 frs-bus:SmallEntities 2022-12-31 2023-12-30 00554090 frs-bus:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 00554090 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 00554090 frs-bus:Director1 2022-12-31 2023-12-30 00554090 frs-bus:Director2 2022-12-31 2023-12-30 00554090 frs-bus:CompanySecretary1 2022-12-31 2023-12-30 00554090 frs-core:CurrentFinancialInstruments 1 2023-12-30 00554090 frs-countries:EnglandWales 2022-12-31 2023-12-30 00554090 2021-12-30 00554090 2022-12-30 00554090 2021-12-31 2022-12-30 00554090 frs-core:CurrentFinancialInstruments 2022-12-30 00554090 frs-core:Non-currentFinancialInstruments 2022-12-30 00554090 frs-core:RevaluationReserve 2022-12-30 00554090 frs-core:ShareCapital 2022-12-30 00554090 frs-core:RetainedEarningsAccumulatedLosses 2022-12-30 00554090 frs-core:CurrentFinancialInstruments 1 2022-12-30
Registered number: 00554090
Kenneth G.Hayes Limited
Unaudited Financial Statements
For The Year Ended 30 December 2023
Accounts & Tax (Woking) Ltd
First Floor
33 Chertsey Road
Woking
Surrey
GU21 5AJ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 00554090
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 175
Investment Properties 5 1,295,790 1,295,790
1,295,790 1,295,965
CURRENT ASSETS
Debtors 6 15,295 25,115
Cash at bank and in hand 17,301 29,986
32,596 55,101
Creditors: Amounts Falling Due Within One Year 7 (128,700 ) (182,454 )
NET CURRENT ASSETS (LIABILITIES) (96,104 ) (127,353 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,199,686 1,168,612
Creditors: Amounts Falling Due After More Than One Year 8 (73,122 ) (70,000 )
NET ASSETS 1,126,564 1,098,612
CAPITAL AND RESERVES
Called up share capital 9 7,000 7,000
Revaluation reserve 10 917,424 917,424
Income Statement 202,140 174,188
SHAREHOLDERS' FUNDS 1,126,564 1,098,612
Page 1
Page 2
For the year ending 30 December 2023 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 Income Statement.
On behalf of the board
Mr Andrew Mark Zimbler
Director
12 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
Kenneth G.Hayes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00554090 . The registered office is Whispers, 1 Lock Close, Addlestone, Surrey, KT15 3QP.
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:
Plant & Machinery 10% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
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 year, 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 year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 31 December 2022 25,096
As at 30 December 2023 25,096
Depreciation
As at 31 December 2022 24,921
Provided during the period 175
As at 30 December 2023 25,096
Net Book Value
As at 30 December 2023 -
As at 31 December 2022 175
5. Investment Property
2023
£
Fair Value
As at 31 December 2022 and 30 December 2023 1,295,790
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 14,000 24,000
Other debtors (1) 1,295 1,115
15,295 25,115
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1,250 ) -
Corporation tax 31,629 31,629
Accruals and deferred income 10,103 8,555
Directors' loan accounts 88,218 142,270
128,700 182,454
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 73,122 70,000
Page 4
Page 5
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 7,000 7,000
10. Reserves
Revaluation Reserve
£
As at 31 December 2022 917,424
As at 30 December 2023 917,424
Page 5