Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05485547 Mrs Oluwakemi Olua Mrs Comfort Kalu Mr Diogu Kalu Mrs Comfort Kalu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05485547 2023-06-30 05485547 2024-06-30 05485547 2023-07-01 2024-06-30 05485547 frs-core:CurrentFinancialInstruments 2024-06-30 05485547 frs-core:Non-currentFinancialInstruments 2024-06-30 05485547 frs-core:ComputerEquipment 2024-06-30 05485547 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05485547 frs-core:ComputerEquipment 2023-06-30 05485547 frs-core:MotorVehicles 2024-06-30 05485547 frs-core:MotorVehicles 2023-07-01 2024-06-30 05485547 frs-core:MotorVehicles 2023-06-30 05485547 frs-core:PlantMachinery 2024-06-30 05485547 frs-core:PlantMachinery 2023-07-01 2024-06-30 05485547 frs-core:PlantMachinery 2023-06-30 05485547 frs-core:ShareCapital 2024-06-30 05485547 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05485547 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05485547 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05485547 frs-bus:SmallEntities 2023-07-01 2024-06-30 05485547 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05485547 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05485547 frs-bus:Director1 2023-07-01 2024-06-30 05485547 frs-bus:Director2 2023-07-01 2024-06-30 05485547 frs-bus:Director3 2023-07-01 2024-06-30 05485547 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05485547 frs-core:CurrentFinancialInstruments 1 2024-06-30 05485547 frs-core:Non-currentFinancialInstruments 1 2024-06-30 05485547 frs-core:CurrentFinancialInstruments 3 2024-06-30 05485547 frs-core:CurrentFinancialInstruments 4 2024-06-30 05485547 frs-countries:EnglandWales 2023-07-01 2024-06-30 05485547 2022-06-30 05485547 2023-06-30 05485547 2022-07-01 2023-06-30 05485547 frs-core:CurrentFinancialInstruments 2023-06-30 05485547 frs-core:Non-currentFinancialInstruments 2023-06-30 05485547 frs-core:ShareCapital 2023-06-30 05485547 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05485547 frs-core:CurrentFinancialInstruments 1 2023-06-30 05485547 frs-core:Non-currentFinancialInstruments 1 2023-06-30 05485547 frs-core:CurrentFinancialInstruments 3 2023-06-30 05485547 frs-core:CurrentFinancialInstruments 4 2023-06-30
Registered number: 05485547
Kemron Limited
Financial Statements
For The Year Ended 30 June 2024
Adams & Moore Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05485547
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,257 2,225
4,257 2,225
CURRENT ASSETS
Debtors 5 64,091 55,333
Cash at bank and in hand 59,199 66,055
123,290 121,388
Creditors: Amounts Falling Due Within One Year 6 (82,412 ) (74,911 )
NET CURRENT ASSETS (LIABILITIES) 40,878 46,477
TOTAL ASSETS LESS CURRENT LIABILITIES 45,135 48,702
Creditors: Amounts Falling Due After More Than One Year 7 (27,778 ) (33,333 )
NET ASSETS 17,357 15,369
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 17,257 15,269
SHAREHOLDERS' FUNDS 17,357 15,369
Page 1
Page 2
For the year ending 30 June 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 Diogu Kalu
Director
26/03/2025
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
Kemron Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05485547 . The registered office is 5B Lessness Avenue Bexleyheath DA7 5SH.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was  3 (2023: 2)
3 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 16,295 - 2,289 18,584
Additions - 2,490 787 3,277
As at 30 June 2024 16,295 2,490 3,076 21,861
Depreciation
As at 1 July 2023 15,677 - 682 16,359
Provided during the period 155 623 467 1,245
As at 30 June 2024 15,832 623 1,149 17,604
Net Book Value
As at 30 June 2024 463 1,867 1,927 4,257
As at 1 July 2023 618 - 1,607 2,225
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,569 49,352
Prepayments and accrued income 6,311 -
Other debtors 9,211 5,981
64,091 55,333
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 48,467 48,467
Corporation tax 3,786 1,950
Other taxes and social security 191 153
Net wages 2,560 -
Other creditors 12,705 11,374
Other creditors (Barclaycard Business - Credit card) 331 1,277
Bounce Back Loan 5,556 5,556
Other creditors -NatWest Business - Credit Card 622 -
Accruals (Accountancy Fee) 1,194 1,134
Directors' loan accounts 7,000 5,000
82,412 74,911
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan > 1 year 27,778 33,333
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5