Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 6660663 Mr Craig Charles Pavelyn Mrs Kairit Pavelyn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6660663 2023-07-31 6660663 2024-07-31 6660663 2023-08-01 2024-07-31 6660663 frs-core:CurrentFinancialInstruments 2024-07-31 6660663 frs-core:Non-currentFinancialInstruments 2024-07-31 6660663 frs-core:BetweenOneFiveYears 2024-07-31 6660663 frs-core:ComputerEquipment 2024-07-31 6660663 frs-core:ComputerEquipment 2023-08-01 2024-07-31 6660663 frs-core:ComputerEquipment 2023-07-31 6660663 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 6660663 frs-core:FurnitureFittings 2024-07-31 6660663 frs-core:FurnitureFittings 2023-08-01 2024-07-31 6660663 frs-core:FurnitureFittings 2023-07-31 6660663 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 6660663 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 6660663 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 6660663 frs-core:MotorVehicles 2024-07-31 6660663 frs-core:MotorVehicles 2023-08-01 2024-07-31 6660663 frs-core:MotorVehicles 2023-07-31 6660663 frs-core:OtherResidualIntangibleAssets 2024-07-31 6660663 frs-core:OtherResidualIntangibleAssets 2023-07-31 6660663 frs-core:WithinOneYear 2024-07-31 6660663 frs-core:ShareCapital 2024-07-31 6660663 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 6660663 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 6660663 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 6660663 frs-bus:SmallEntities 2023-08-01 2024-07-31 6660663 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 6660663 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 6660663 frs-core:UnlistedNon-exchangeTraded 2024-07-31 6660663 frs-core:UnlistedNon-exchangeTraded 2023-07-31 6660663 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 6660663 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 6660663 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 6660663 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 6660663 frs-bus:Director1 2023-08-01 2024-07-31 6660663 frs-bus:Director2 2023-08-01 2024-07-31 6660663 frs-countries:EnglandWales 2023-08-01 2024-07-31 6660663 2022-07-31 6660663 2023-07-31 6660663 2022-08-01 2023-07-31 6660663 frs-core:CurrentFinancialInstruments 2023-07-31 6660663 frs-core:Non-currentFinancialInstruments 2023-07-31 6660663 frs-core:BetweenOneFiveYears 2023-07-31 6660663 frs-core:WithinOneYear 2023-07-31 6660663 frs-core:ShareCapital 2023-07-31 6660663 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 6660663
KCP Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Berkshire Accountants Limited
Chartered Certified Accountants & Registered Auditors
50A London Street
Reading
RG1 4SQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 6660663
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,957 2,957
Tangible Assets 5 245,418 232,566
Investments 6 2,061 2,061
250,436 237,584
CURRENT ASSETS
Stocks 7 55,690 38,135
Debtors 8 969,941 1,010,908
Investments 9 762 1,210
Cash at bank and in hand 2 (24,093 )
1,026,395 1,026,160
Creditors: Amounts Falling Due Within One Year 10 (685,935 ) (695,202 )
NET CURRENT ASSETS (LIABILITIES) 340,460 330,958
TOTAL ASSETS LESS CURRENT LIABILITIES 590,896 568,542
Creditors: Amounts Falling Due After More Than One Year 11 (159,185 ) (176,962 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (103,517 ) (109,629 )
NET ASSETS 328,194 281,951
CAPITAL AND RESERVES
Called up share capital 13 6,211 6,211
Profit and Loss Account 321,983 275,740
SHAREHOLDERS' FUNDS 328,194 281,951
Page 1
Page 2
For the year ending 31 July 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
Mrs Kairit Pavelyn
Director
18 March 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KCP Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 6660663 . The registered office is Duke House, , Downmill road, Bracknell, Berkshire, RG12 1QS.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Leasehold 1% Depreciation on reducing balance basis
Motor Vehicles 33.33% straight line basis
Fixtures & Fittings 20% straight line basis
Computer Equipment 20% straight line basis
2.5. 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.
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2.6. 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.
2.7. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 18)
35 18
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 2,957
As at 31 July 2024 2,957
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 July 2024 2,957
As at 1 August 2023 2,957
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 - 309,342 151,366 38,382 499,090
Additions 4,480 95,783 3,972 19,189 123,424
As at 31 July 2024 4,480 405,125 155,338 57,571 622,514
Depreciation
As at 1 August 2023 - 106,141 127,505 32,878 266,524
Provided during the period - 100,697 4,850 5,025 110,572
As at 31 July 2024 - 206,838 132,355 37,903 377,096
Net Book Value
As at 31 July 2024 4,480 198,287 22,983 19,668 245,418
As at 1 August 2023 - 203,201 23,861 5,504 232,566
6. Investments
Unlisted
£
Cost
As at 1 August 2023 2,061
As at 31 July 2024 2,061
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 2,061
As at 1 August 2023 2,061
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Page 6
7. Stocks
2024 2023
£ £
Finished goods 55,690 38,135
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 460,232 286,343
Prepayments and accrued income 36,249 34,643
VAT 12,168 -
Amounts owed by other participating interests 461,292 689,922
969,941 1,010,908
9. Current Asset Investments
2024 2023
£ £
Short term deposits 762 1,210
10. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 73,247 25,019
Trade creditors 255,421 290,772
Bank loans and overdrafts 77,243 11,536
Corporation tax (6,912 ) 3,321
Other taxes and social security 52,832 103,336
VAT - 40,937
Net wages 12,103 10,941
Other creditors 15,661 -
Accruals and deferred income 17,352 19,052
Directors' loan accounts 188,988 190,288
685,935 695,202
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11. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 118,670 154,431
Bank loans 40,515 22,531
159,185 176,962
12. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 73,247 25,019
Later than one year and not later than five years 118,670 154,431
191,917 179,450
191,917 179,450
13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,211 6,211
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