Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11026209 Mr Jacob Hutson Mr Harvey Hutson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11026209 2023-10-31 11026209 2024-10-31 11026209 2023-11-01 2024-10-31 11026209 frs-core:CurrentFinancialInstruments 2024-10-31 11026209 frs-core:ComputerEquipment 2024-10-31 11026209 frs-core:ComputerEquipment 2023-11-01 2024-10-31 11026209 frs-core:ComputerEquipment 2023-10-31 11026209 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 11026209 frs-core:FurnitureFittings 2024-10-31 11026209 frs-core:FurnitureFittings 2023-11-01 2024-10-31 11026209 frs-core:FurnitureFittings 2023-10-31 11026209 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 11026209 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 11026209 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 11026209 frs-core:OtherResidualIntangibleAssets 2024-10-31 11026209 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 11026209 frs-core:OtherResidualIntangibleAssets 2023-10-31 11026209 frs-core:PlantMachinery 2024-10-31 11026209 frs-core:PlantMachinery 2023-11-01 2024-10-31 11026209 frs-core:PlantMachinery 2023-10-31 11026209 frs-core:ShareCapital 2024-10-31 11026209 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11026209 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11026209 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11026209 frs-bus:SmallEntities 2023-11-01 2024-10-31 11026209 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11026209 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11026209 frs-bus:Director1 2023-11-01 2024-10-31 11026209 frs-bus:Director2 2023-11-01 2024-10-31 11026209 frs-countries:EnglandWales 2023-11-01 2024-10-31 11026209 2022-10-31 11026209 2023-10-31 11026209 2022-11-01 2023-10-31 11026209 frs-core:CurrentFinancialInstruments 2023-10-31 11026209 frs-core:ShareCapital 2023-10-31 11026209 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11026209
The Kettle Kids Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11026209
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,435 3,246
Tangible Assets 5 165,756 194,393
168,191 197,639
CURRENT ASSETS
Stocks 6 2,463,150 1,828,100
Debtors 7 198,965 -
Cash at bank and in hand 13,886 119,090
2,676,001 1,947,190
Creditors: Amounts Falling Due Within One Year 8 (690,472 ) (642,204 )
NET CURRENT ASSETS (LIABILITIES) 1,985,529 1,304,986
TOTAL ASSETS LESS CURRENT LIABILITIES 2,153,720 1,502,625
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,048 ) (24,674 )
NET ASSETS 2,111,672 1,477,951
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,111,572 1,477,851
SHAREHOLDERS' FUNDS 2,111,672 1,477,951
Page 1
Page 2
For the year ending 31 October 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 Jacob Hutson
Director
09/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Kettle Kids Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11026209 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
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 15% WDV
Plant & Machinery 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.5. 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.
2.6. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 4,057
As at 31 October 2024 4,057
Amortisation
As at 1 November 2023 811
Provided during the period 811
As at 31 October 2024 1,622
Net Book Value
As at 31 October 2024 2,435
As at 1 November 2023 3,246
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 119,516 100,271 15,874 33,907 269,568
Additions - - - 615 615
As at 31 October 2024 119,516 100,271 15,874 34,522 270,183
Depreciation
As at 1 November 2023 33,165 27,791 2,626 11,593 75,175
Provided during the period 12,953 10,872 1,987 3,440 29,252
As at 31 October 2024 46,118 38,663 4,613 15,033 104,427
...CONTINUED
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Page 5
Net Book Value
As at 31 October 2024 73,398 61,608 11,261 19,489 165,756
As at 1 November 2023 86,351 72,480 13,248 22,314 194,393
6. Stocks
2024 2023
£ £
Stock 2,463,150 1,828,100
7. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 198,965 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,500 31,195
Corporation tax 605,030 417,201
Other taxes and social security - 2,592
VAT 70,929 190,382
Other creditors 13 -
Directors' loan accounts - 834
690,472 642,204
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr J Hutson totalling £99,557 (2023 - £227 Creditor), no interest is to be charged.
Included in the Other Debtors is an amount owed from the company director Mr H Hutson totalling £99,408 (2023 - £607 Creditor), no interest is to be charged.
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