Acorah Software Products - Accounts Production 16.3.350 false true false 29 May 2023 31 March 2024 31 March 2024 14899065 Miss Danielle Stead Mr Reece Bahia true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14899065 2023-05-28 14899065 2024-03-31 14899065 2023-05-29 2024-03-31 14899065 frs-core:Non-currentFinancialInstruments 2024-03-31 14899065 frs-core:FurnitureFittings 2023-05-29 2024-03-31 14899065 frs-core:NetGoodwill 2023-05-29 2024-03-31 14899065 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-29 2024-03-31 14899065 frs-core:ShareCapital 2024-03-31 14899065 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14899065 frs-bus:PrivateLimitedCompanyLtd 2023-05-29 2024-03-31 14899065 frs-bus:AbridgedAccounts 2023-05-29 2024-03-31 14899065 frs-bus:SmallEntities 2023-05-29 2024-03-31 14899065 frs-bus:AuditExempt-NoAccountantsReport 2023-05-29 2024-03-31 14899065 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-29 2024-03-31 14899065 1 2023-05-29 2024-03-31 14899065 frs-bus:Director1 2023-05-29 2024-03-31 14899065 frs-bus:Director1 2023-05-28 14899065 frs-bus:Director1 2024-03-31 14899065 frs-bus:Director2 2023-05-29 2024-03-31 14899065 frs-countries:EnglandWales 2023-05-29 2024-03-31
Registered number: 14899065
Kingston Studios Limited
ABRIDGED Financial Statements
For the Period 29 May 2023 to 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14899065
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 109,998
Tangible Assets 5 278,994
388,992
CURRENT ASSETS
Stocks 3,900
Cash at bank and in hand 6,471
10,371
Creditors: Amounts Falling Due Within One Year (36,511 )
NET CURRENT ASSETS (LIABILITIES) (26,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES 362,852
Creditors: Amounts Falling Due After More Than One Year (375,686 )
NET LIABILITIES (12,834 )
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account (12,836 )
SHAREHOLDERS' FUNDS (12,834)
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For the period ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss Danielle Stead
Director
28/05/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Kingston Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14899065 . The registered office is 134 Kingston Road, Willerby, Hull, HU10 6LN.
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 10 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:
Freehold No depreciation provided
Fixtures & Fittings 20% Reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Intangible Assets
Total
£
Cost
As at 29 May 2023 -
Additions 109,998
As at 31 March 2024 109,998
Net Book Value
As at 31 March 2024 109,998
As at 29 May 2023 -
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5. Tangible Assets
Total
£
Cost
As at 29 May 2023 -
Additions 278,994
As at 31 March 2024 278,994
Net Book Value
As at 31 March 2024 278,994
As at 29 May 2023 -
6. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2024
£
Bank loans and overdrafts 385,000
7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 2
8. Directors Advances, Credits and Guarantees
Included within Creditors is the following loan owed to a directors:
As at 29 May 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Miss Danielle Stead 2 26,079 - - 26,077
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
The Company owes a balance of £1,420 to Sanctum Suites Ltd, another company controlled by one of the Director's Miss D Stead.
10. Ultimate Controlling Party
The company's ultimate controlling party is the Director's by virtue of their ownership of 100% of the issued share capital in the company.
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