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 06958840 Mr Craig Vincent Mr Craig Vincent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06958840 2023-07-31 06958840 2024-07-31 06958840 2023-08-01 2024-07-31 06958840 frs-core:CurrentFinancialInstruments 2024-07-31 06958840 frs-core:ComputerEquipment 2023-08-01 2024-07-31 06958840 frs-core:FurnitureFittings 2024-07-31 06958840 frs-core:FurnitureFittings 2023-08-01 2024-07-31 06958840 frs-core:FurnitureFittings 2023-07-31 06958840 frs-core:MotorVehicles 2024-07-31 06958840 frs-core:MotorVehicles 2023-08-01 2024-07-31 06958840 frs-core:MotorVehicles 2023-07-31 06958840 frs-core:PlantMachinery 2024-07-31 06958840 frs-core:PlantMachinery 2023-08-01 2024-07-31 06958840 frs-core:PlantMachinery 2023-07-31 06958840 frs-core:ShareCapital 2024-07-31 06958840 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06958840 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06958840 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06958840 frs-bus:SmallEntities 2023-08-01 2024-07-31 06958840 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06958840 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06958840 frs-bus:Director1 2023-08-01 2024-07-31 06958840 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 06958840 frs-countries:EnglandWales 2023-08-01 2024-07-31 06958840 2022-07-31 06958840 2023-07-31 06958840 2022-08-01 2023-07-31 06958840 frs-core:CurrentFinancialInstruments 2023-07-31 06958840 frs-core:ShareCapital 2023-07-31 06958840 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 06958840
Kronos Threat Management Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06958840
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 197,661 91,093
197,661 91,093
CURRENT ASSETS
Stocks 5 52,149 52,149
Debtors 6 146,521 81,803
Cash at bank and in hand 170,466 248,781
369,136 382,733
Creditors: Amounts Falling Due Within One Year 7 (184,430 ) (115,327 )
NET CURRENT ASSETS (LIABILITIES) 184,706 267,406
TOTAL ASSETS LESS CURRENT LIABILITIES 382,367 358,499
NET ASSETS 382,367 358,499
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 382,267 358,399
SHAREHOLDERS' FUNDS 382,367 358,499
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Craig Vincent
Director
31/03/2025
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
Kronos Threat Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06958840 . The registered office is Arkas House Headcorn Road, Sutton Valence, Maidstone, ME17 3EH.
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 written down value
Motor Vehicles 25% on written down value
Fixtures & Fittings 25% on written down value
Computer Equipment 3 year straight line
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
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 4,793 156,488 36,150 197,431
Additions - 122,974 17,189 140,163
Disposals - (39,990 ) - (39,990 )
As at 31 July 2024 4,793 239,472 53,339 297,604
Depreciation
As at 1 August 2023 2,444 75,588 28,306 106,338
Provided during the period 587 - 12,483 13,070
Disposals - (19,465 ) - (19,465 )
As at 31 July 2024 3,031 56,123 40,789 99,943
Net Book Value
As at 31 July 2024 1,762 183,349 12,550 197,661
As at 1 August 2023 2,349 80,900 7,844 91,093
5. Stocks
2024 2023
£ £
Finished goods 52,149 52,149
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 146,521 81,803
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 129,211 64,814
Other creditors 29,499 10,571
Taxation and social security 25,720 39,942
184,430 115,327
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4