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Registered number: 08606306
Krav Maga Success Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08606306
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,389 5,868
Tangible Assets 5 9,919 24,423
13,308 30,291
CURRENT ASSETS
Debtors 6 50,114 28,735
Cash at bank and in hand 96,156 129,201
146,270 157,936
Creditors: Amounts Falling Due Within One Year 7 (75,507 ) (57,694 )
NET CURRENT ASSETS (LIABILITIES) 70,763 100,242
TOTAL ASSETS LESS CURRENT LIABILITIES 84,071 130,533
Creditors: Amounts Falling Due After More Than One Year 8 (6,018 ) (28,489 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (423 ) (4,600 )
NET ASSETS 77,630 97,444
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 77,629 97,443
SHAREHOLDERS' FUNDS 77,630 97,444
Page 1
Page 2
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 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
J D Bullock
Director
8th May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Krav Maga Success Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08606306 . The registered office is Saxon House, 27 Duke Street, Chelmsford, Essex, CM1 1HT.
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. Research and Development
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. 
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website development -  20% straight line
2.4. 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:
Leasehold 25% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest. elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. 
Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
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2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases £24,000 (£24,000 2023)
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 33,428
Additions 925
As at 31 December 2024 34,353
Amortisation
As at 1 January 2024 27,560
Provided during the period 3,404
As at 31 December 2024 30,964
Net Book Value
As at 31 December 2024 3,389
As at 1 January 2024 5,868
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 91,615 13,423 33,100 11,225
Additions 2,225 - - 92
As at 31 December 2024 93,840 13,423 33,100 11,317
Depreciation
As at 1 January 2024 82,208 9,553 24,825 10,042
Provided during the period 5,992 965 8,275 690
As at 31 December 2024 88,200 10,518 33,100 10,732
Net Book Value
As at 31 December 2024 5,640 2,905 - 585
As at 1 January 2024 9,407 3,870 8,275 1,183
Computer Equipment Total
£ £
Cost
As at 1 January 2024 14,251 163,614
Additions - 2,317
As at 31 December 2024 14,251 165,931
Depreciation
As at 1 January 2024 12,563 139,191
Provided during the period 899 16,821
As at 31 December 2024 13,462 156,012
Net Book Value
As at 31 December 2024 789 9,919
As at 1 January 2024 1,688 24,423
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,689 6,868
Other debtors 48,425 21,867
50,114 28,735
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,500
Trade creditors 3,100 3,601
Bank loans and overdrafts 9,100 10,000
Other creditors 44,239 16,220
Taxation and social security 19,068 26,373
75,507 57,694
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 14,131
Bank loans <1yr 6,018 14,358
6,018 28,489
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Jonathan Bullock (2 ) (44,947 ) 44,960 - 15
The above loan is unsecured, interest free and repayable on demand.
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