Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07002559 Mr Benjamin Smaje iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07002559 2023-08-31 07002559 2024-08-31 07002559 2023-09-01 2024-08-31 07002559 frs-core:CurrentFinancialInstruments 2024-08-31 07002559 frs-core:MotorVehicles 2024-08-31 07002559 frs-core:MotorVehicles 2023-09-01 2024-08-31 07002559 frs-core:MotorVehicles 2023-08-31 07002559 frs-core:PlantMachinery 2024-08-31 07002559 frs-core:PlantMachinery 2023-09-01 2024-08-31 07002559 frs-core:PlantMachinery 2023-08-31 07002559 frs-core:ShareCapital 2024-08-31 07002559 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07002559 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07002559 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07002559 frs-bus:SmallEntities 2023-09-01 2024-08-31 07002559 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07002559 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07002559 frs-bus:Director1 2023-09-01 2024-08-31 07002559 frs-countries:EnglandWales 2023-09-01 2024-08-31 07002559 2022-08-31 07002559 2023-08-31 07002559 2022-09-01 2023-08-31 07002559 frs-core:CurrentFinancialInstruments 2023-08-31 07002559 frs-core:ShareCapital 2023-08-31 07002559 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07002559
Kennedy Black Wealth Management Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07002559
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,453 1,303
2,453 1,303
CURRENT ASSETS
Debtors 5 2,175 672
Cash at bank and in hand 205,807 207,235
207,982 207,907
Creditors: Amounts Falling Due Within One Year 6 (34,573 ) (24,306 )
NET CURRENT ASSETS (LIABILITIES) 173,409 183,601
TOTAL ASSETS LESS CURRENT LIABILITIES 175,862 184,904
NET ASSETS 175,862 184,904
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 174,862 183,904
SHAREHOLDERS' FUNDS 175,862 184,904
For the year ending 31 August 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
Mr Benjamin Smaje
Director
20/05/2025
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
Kennedy Black Wealth Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07002559 . The registered office is 1 Fore Street Avenue, London, EC2Y 9DT.
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 represents the amounts derived from the provision of services to clients during the year. 
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% straight line
Motor Vehicles 25% straight line
2.4. Taxation
Income tax expense represents tax currently payable.
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 year 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 13,144 - 13,144
Additions 379 2,018 2,397
As at 31 August 2024 13,523 2,018 15,541
Depreciation
As at 1 September 2023 11,841 - 11,841
Provided during the period 743 504 1,247
As at 31 August 2024 12,584 504 13,088
Net Book Value
As at 31 August 2024 939 1,514 2,453
As at 1 September 2023 1,303 - 1,303
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 672 672
Other taxes and social security 1,503 -
2,175 672
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 27,390 19,367
Other taxes and social security - 590
Net wages 107 188
Other creditors 14 6
Accruals and deferred income 5,532 2,700
Director's loan account 1,530 1,455
34,573 24,306
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 100,000 40,000
Page 3