Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 January 2025 31 January 2025 12947528 Mr P L Read Mr M R Reid Mr O Reid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12947528 2023-10-31 12947528 2025-01-31 12947528 2023-11-01 2025-01-31 12947528 frs-core:CurrentFinancialInstruments 2025-01-31 12947528 frs-core:NetGoodwill 2025-01-31 12947528 frs-core:NetGoodwill 2023-11-01 2025-01-31 12947528 frs-core:NetGoodwill 2023-10-31 12947528 frs-core:ShareCapital 2025-01-31 12947528 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 12947528 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2025-01-31 12947528 frs-bus:FilletedAccounts 2023-11-01 2025-01-31 12947528 frs-bus:SmallEntities 2023-11-01 2025-01-31 12947528 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2025-01-31 12947528 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2025-01-31 12947528 frs-bus:Director1 2023-11-01 2025-01-31 12947528 frs-bus:Director2 2023-11-01 2025-01-31 12947528 frs-bus:Director3 2023-11-01 2025-01-31 12947528 frs-countries:EnglandWales 2023-11-01 2025-01-31 12947528 2022-10-31 12947528 2023-10-31 12947528 2022-11-01 2023-10-31 12947528 frs-core:CurrentFinancialInstruments 2023-10-31 12947528 frs-core:ShareCapital 2023-10-31 12947528 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12947528
Kid-eco Ltd
Financial Statements
For the Period 1 November 2023 to 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12947528
31 January 2025 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 17,500
- 17,500
CURRENT ASSETS
Stocks 5 - 4,000
Debtors 6 4,231 5,641
Cash at bank and in hand 388 7,480
4,619 17,121
Creditors: Amounts Falling Due Within One Year 7 1,365 (13,900 )
NET CURRENT ASSETS (LIABILITIES) 5,984 3,221
TOTAL ASSETS LESS CURRENT LIABILITIES 5,984 20,721
NET ASSETS 5,984 20,721
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 5,980 20,717
SHAREHOLDERS' FUNDS 5,984 20,721
For the period ending 31 January 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 M R Reid
Director
25 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
Kid-eco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12947528 . The registered office is Unit 4, Hollis Road, Grantham, NG31 7QH.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 25,000
Disposals (25,000 )
As at 31 January 2025 -
Amortisation
As at 1 November 2023 7,500
Provided during the period 3,125
Disposals (10,625 )
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 -
As at 1 November 2023 17,500
5. Stocks
31 January 2025 31 October 2023
£ £
Stock - 4,000
6. Debtors
31 January 2025 31 October 2023
£ £
Due within one year
Trade debtors - 3,212
Prepayments and accrued income 4,231 -
VAT - 2,429
4,231 5,641
7. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 October 2023
£ £
Trade creditors - 7,941
Corporation tax (2,551 ) 5,258
VAT 485 -
Accruals and deferred income 701 701
(1,365 ) 13,900
8. Share Capital
31 January 2025 31 October 2023
£ £
Allotted, Called up and fully paid 4 4
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