Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC427740 Mr George McCandlish Mr George McCandlish Mr George McCandlish iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC427740 2023-07-31 SC427740 2024-07-31 SC427740 2023-08-01 2024-07-31 SC427740 frs-core:CurrentFinancialInstruments 2024-07-31 SC427740 frs-core:ComputerEquipment 2024-07-31 SC427740 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC427740 frs-core:ComputerEquipment 2023-07-31 SC427740 frs-core:FurnitureFittings 2024-07-31 SC427740 frs-core:FurnitureFittings 2023-08-01 2024-07-31 SC427740 frs-core:FurnitureFittings 2023-07-31 SC427740 frs-core:MotorVehicles 2024-07-31 SC427740 frs-core:MotorVehicles 2023-08-01 2024-07-31 SC427740 frs-core:MotorVehicles 2023-07-31 SC427740 frs-core:PlantMachinery 2024-07-31 SC427740 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC427740 frs-core:PlantMachinery 2023-07-31 SC427740 frs-core:ShareCapital 2024-07-31 SC427740 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC427740 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC427740 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC427740 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC427740 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC427740 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC427740 frs-bus:Director1 2023-08-01 2024-07-31 SC427740 frs-bus:Director2 2023-08-01 2024-07-31 SC427740 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 SC427740 frs-core:CurrentFinancialInstruments 1 2024-07-31 SC427740 frs-countries:Scotland 2023-08-01 2024-07-31 SC427740 2022-07-31 SC427740 2023-07-31 SC427740 2022-08-01 2023-07-31 SC427740 frs-core:CurrentFinancialInstruments 2023-07-31 SC427740 frs-core:ShareCapital 2023-07-31 SC427740 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC427740 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: SC427740
Kudos Interiors Limited
Financial Statements
For The Year Ended 31 July 2024
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC427740
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,376 31,168
23,376 31,168
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 94 64
Cash at bank and in hand 634 576
10,728 10,640
Creditors: Amounts Falling Due Within One Year 7 (73,153 ) (72,963 )
NET CURRENT ASSETS (LIABILITIES) (62,425 ) (62,323 )
TOTAL ASSETS LESS CURRENT LIABILITIES (39,049 ) (31,155 )
NET LIABILITIES (39,049 ) (31,155 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (39,149 ) (31,255 )
SHAREHOLDERS' FUNDS (39,049) (31,155)
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 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 George McCandlish
Director
Mr George McCandlish
Director
20th 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
Kudos Interiors Limited is a private company, limited by shares, incorporated in Scotland, registered number SC427740 . The registered office is 155 Grahams Road, Falkirk, FK2 7BQ.
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% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 484 67,340 13,818 2,167 83,809
As at 31 July 2024 484 67,340 13,818 2,167 83,809
Depreciation
As at 1 August 2023 484 37,188 12,802 2,167 52,641
Provided during the period - 7,538 254 - 7,792
As at 31 July 2024 484 44,726 13,056 2,167 60,433
...CONTINUED
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Page 4
Net Book Value
As at 31 July 2024 - 22,614 762 - 23,376
As at 1 August 2023 - 30,152 1,016 - 31,168
5. Stocks
2024 2023
£ £
Stock 10,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
VAT 94 64
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 45 45
Other creditors 37,193 39,070
Other creditors (1) 11,850 19,903
Accruals and deferred income 900 900
Directors' loan accounts 23,165 13,045
73,153 72,963
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4