Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2023 1 January 2023 false 1 January 2024 31 March 2025 31 March 2025 12342211 Mrs C M Pye Mr S E Pye Ms K Bieniek Mr J L Norin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12342211 2023-12-31 12342211 2025-03-31 12342211 2024-01-01 2025-03-31 12342211 frs-core:ShareCapital 2025-03-31 12342211 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12342211 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2025-03-31 12342211 frs-bus:FilletedAccounts 2024-01-01 2025-03-31 12342211 frs-bus:SmallEntities 2024-01-01 2025-03-31 12342211 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2025-03-31 12342211 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-03-31 12342211 frs-bus:Director1 2024-01-01 2025-03-31 12342211 frs-bus:Director2 2024-01-01 2025-03-31 12342211 frs-bus:Director3 2024-01-01 2025-03-31 12342211 frs-bus:Director4 2024-01-01 2025-03-31 12342211 frs-countries:EnglandWales 2024-01-01 2025-03-31 12342211 2022-12-31 12342211 2023-12-31 12342211 2023-01-01 2023-12-31 12342211 frs-core:CurrentFinancialInstruments 2023-12-31 12342211 frs-core:ShareCapital 2023-12-31 12342211 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12342211
Kmsc Limited
Unaudited Financial Statements
For the Period 1 January 2024 to 31 March 2025
Steve Pye & Co.
Chartered Certified Accountants
3 North Lynn Bus. Village
Bergen Way, North Lynn Industrial Estate
King's Lynn
Norfolk
PE30 2JG
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12342211
31 March 2025 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks - 300,237
Debtors 4 - 627
Cash at bank and in hand 6,988 1,622
6,988 302,486
Creditors: Amounts Falling Due Within One Year 5 - (292,291 )
NET CURRENT ASSETS (LIABILITIES) 6,988 10,195
TOTAL ASSETS LESS CURRENT LIABILITIES 6,988 10,195
NET ASSETS 6,988 10,195
CAPITAL AND RESERVES
Called up share capital 6 4 4
Profit and Loss Account 6,984 10,191
SHAREHOLDERS' FUNDS 6,988 10,195
For the period ending 31 March 2025 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 S E Pye
Director
2 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Kmsc Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12342211 . The registered office is Unit 3, North Lynn Business Village, Bergen Way, King's Lynn, Norfolk, PE30 2JG.  The presentation currency of the financial statements is the Pound 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. 
2.3. 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.
2.4. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
Page 2
Page 3
4. Debtors
31 March 2025 31 December 2023
£ £
Due within one year
Other debtors - 627
5. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 December 2023
£ £
Amounts owed to group undertakings - 263,798
Other creditors - 28,493
- 292,291
6. Share Capital
31 March 2025 31 December 2023
£ £
Allotted, Called up and fully paid 4 4
Page 3