Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 06098214 Mr M N Johnson Mrs M Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06098214 2024-02-29 06098214 2025-02-28 06098214 2024-03-01 2025-02-28 06098214 frs-core:CurrentFinancialInstruments 2025-02-28 06098214 frs-core:FurnitureFittings 2024-03-01 2025-02-28 06098214 frs-core:PlantMachinery 2025-02-28 06098214 frs-core:PlantMachinery 2024-03-01 2025-02-28 06098214 frs-core:PlantMachinery 2024-02-29 06098214 frs-core:ShareCapital 2025-02-28 06098214 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 06098214 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06098214 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 06098214 frs-bus:SmallEntities 2024-03-01 2025-02-28 06098214 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 06098214 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06098214 frs-bus:Director1 2024-03-01 2025-02-28 06098214 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 06098214 frs-countries:EnglandWales 2024-03-01 2025-02-28 06098214 2023-02-28 06098214 2024-02-29 06098214 2023-03-01 2024-02-29 06098214 frs-core:CurrentFinancialInstruments 2024-02-29 06098214 frs-core:ShareCapital 2024-02-29 06098214 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06098214 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 06098214
Koala Kids Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
K A Farr & Co
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06098214
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,776 12,677
10,776 12,677
CURRENT ASSETS
Debtors 5 777 2,109
Cash at bank and in hand 582 3,760
1,359 5,869
Creditors: Amounts Falling Due Within One Year 6 (12,150 ) (41,044 )
NET CURRENT ASSETS (LIABILITIES) (10,791 ) (35,175 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15 ) (22,498 )
NET LIABILITIES (15 ) (22,498 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (1,015 ) (23,498 )
SHAREHOLDERS' FUNDS (15) (22,498)
For the year ending 28 February 2025 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 M N Johnson
Director
29/05/2025
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
Koala Kids Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06098214 . The registered office is 10 Beach Priory Gardens, Southport, Mersyside, PR8 1RT.
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. 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 15% RB
Fixtures & Fittings 15% RB
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 March 2024 34,840
As at 28 February 2025 34,840
Depreciation
As at 1 March 2024 22,163
Provided during the period 1,901
As at 28 February 2025 24,064
...CONTINUED
Page 2
Page 3
Net Book Value
As at 28 February 2025 10,776
As at 1 March 2024 12,677
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 416 528
PAYE Liability 357 1,577
VAT liability 4 4
777 2,109
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,040 249
Bank loans and overdrafts - 4
Other Creditor - 5,200
Director's loan account 11,110 35,591
12,150 41,044
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 3