Acorah Software Products - Accounts Production 16.2.800 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11614265 Mrs Christine Pyne Mr Simon Markowski iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11614265 2023-10-31 11614265 2024-10-31 11614265 2023-11-01 2024-10-31 11614265 frs-core:Non-currentFinancialInstruments 2024-10-31 11614265 frs-core:FurnitureFittings 2023-11-01 2024-10-31 11614265 frs-core:MotorVehicles 2023-11-01 2024-10-31 11614265 frs-core:ShareCapital 2024-10-31 11614265 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11614265 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11614265 frs-bus:AbridgedAccounts 2023-11-01 2024-10-31 11614265 frs-bus:SmallEntities 2023-11-01 2024-10-31 11614265 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11614265 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11614265 frs-bus:Director1 2023-11-01 2024-10-31 11614265 frs-bus:Director2 2023-11-01 2024-10-31 11614265 frs-countries:EnglandWales 2023-11-01 2024-10-31 11614265 2022-10-31 11614265 2023-10-31 11614265 2022-11-01 2023-10-31 11614265 frs-core:Non-currentFinancialInstruments 2023-10-31 11614265 frs-core:ShareCapital 2023-10-31 11614265 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11614265
KBC Airsoft Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2024
Newtons Accountants Limited
Chartered Certified Accountants
470 Hucknall Road
Nottingham
Nottinghamshire
NG5 1FX
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11614265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,216 1,918
5,216 1,918
CURRENT ASSETS
Stocks 50,000 47,500
Debtors 1,541 -
Cash at bank and in hand 21,188 25,055
72,729 72,555
Creditors: Amounts Falling Due Within One Year (5,990 ) (9,977 )
NET CURRENT ASSETS (LIABILITIES) 66,739 62,578
TOTAL ASSETS LESS CURRENT LIABILITIES 71,955 64,496
Creditors: Amounts Falling Due After More Than One Year (66,091 ) (53,357 )
NET ASSETS 5,864 11,139
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 5,862 11,137
SHAREHOLDERS' FUNDS 5,864 11,139
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For the year ending 31 October 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Christine Pyne
Director
Mr Simon Markowski
Director
24/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
KBC Airsoft Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11614265 . The registered office is 470 Hucknall Road, Nottingham, NG5 1FX.
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.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% 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
The company's tax charge represents the sum of the corporation tax currently payable and deferred tax.
The corporation 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 November 2023 3,830
Additions 4,780
As at 31 October 2024 8,610
Depreciation
As at 1 November 2023 1,912
Provided during the period 1,482
As at 31 October 2024 3,394
Net Book Value
As at 31 October 2024 5,216
As at 1 November 2023 1,918
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
6. Related Party Transactions
During the year the directors introduced net monies totalling £12,734 into the company. At the balance sheet date the directors were owed £66,091 (2023: £53,357) from the company which is included in creditors payable after one year.
The above loan is unsecured and interest free.
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