Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04624868 Mr R J Wollin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04624868 2023-12-31 04624868 2024-12-31 04624868 2024-01-01 2024-12-31 04624868 frs-core:CurrentFinancialInstruments 2024-12-31 04624868 frs-core:PlantMachinery 2024-12-31 04624868 frs-core:PlantMachinery 2024-01-01 2024-12-31 04624868 frs-core:PlantMachinery 2023-12-31 04624868 frs-core:ShareCapital 2024-12-31 04624868 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04624868 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04624868 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04624868 frs-bus:SmallEntities 2024-01-01 2024-12-31 04624868 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04624868 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04624868 frs-bus:Director1 2024-01-01 2024-12-31 04624868 frs-countries:EnglandWales 2024-01-01 2024-12-31 04624868 2022-12-31 04624868 2023-12-31 04624868 2023-01-01 2023-12-31 04624868 frs-core:CurrentFinancialInstruments 2023-12-31 04624868 frs-core:ShareCapital 2023-12-31 04624868 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04624868
U.K.P. Accessories Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04624868
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 932 1,097
932 1,097
CURRENT ASSETS
Stocks 5 25,157 37,527
Debtors 6 64,094 104,141
Cash at bank and in hand 21,084 12,568
110,335 154,236
Creditors: Amounts Falling Due Within One Year 7 (312,594 ) (248,672 )
NET CURRENT ASSETS (LIABILITIES) (202,259 ) (94,436 )
TOTAL ASSETS LESS CURRENT LIABILITIES (201,327 ) (93,339 )
NET LIABILITIES (201,327 ) (93,339 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (201,427 ) (93,439 )
SHAREHOLDERS' FUNDS (201,327) (93,339)
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For the year ending 31 December 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 R J Wollin
Director
24 March 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
U.K.P. Accessories Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04624868 . The registered office is Bank House, 35-40 Bott Lane, Walsall, West Midlands, WS1 2JQ.
The presentation currency is pounds sterling (£).
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 15% on 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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 9,191
As at 31 December 2024 9,191
...CONTINUED
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Depreciation
As at 1 January 2024 8,094
Provided during the period 165
As at 31 December 2024 8,259
Net Book Value
As at 31 December 2024 932
As at 1 January 2024 1,097
5. Stocks
2024 2023
£ £
Stock 25,157 37,527
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,278 74,171
Other debtors 18,816 29,970
64,094 104,141
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,868 126,578
Bank loans and overdrafts - 35,794
Amounts owed to participating interests 199,996 -
Other creditors 29,840 30,234
Taxation and social security 38,890 56,066
312,594 248,672
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The company became a wholly owned subsidary of Rudholm Group International AB on 1st May 2024.
The company was made a loan by the previous director Mr S Starkey of £27,500 (2023-£27,500) which is interest free and is scheduled to be repaid in 2025.
The company was given a loan of  £199,995.50 by the parent company in the year and had transactions amounting to £41,291.60 with other companies in the group.
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