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 12140789 Mr David Pethard Mr Kevin Midgley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12140789 2023-08-31 12140789 2024-08-31 12140789 2023-09-01 2024-08-31 12140789 frs-core:CurrentFinancialInstruments 2024-08-31 12140789 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 12140789 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 12140789 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 12140789 frs-core:PlantMachinery 2024-08-31 12140789 frs-core:PlantMachinery 2023-09-01 2024-08-31 12140789 frs-core:PlantMachinery 2023-08-31 12140789 frs-core:ShareCapital 2024-08-31 12140789 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12140789 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12140789 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12140789 frs-bus:SmallEntities 2023-09-01 2024-08-31 12140789 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12140789 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12140789 frs-bus:Director1 2023-09-01 2024-08-31 12140789 frs-bus:Director2 2023-09-01 2024-08-31 12140789 frs-countries:EnglandWales 2023-09-01 2024-08-31 12140789 2022-08-31 12140789 2023-08-31 12140789 2022-09-01 2023-08-31 12140789 frs-core:CurrentFinancialInstruments 2023-08-31 12140789 frs-core:ShareCapital 2023-08-31 12140789 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12140789
KM BEERS LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
SUMX Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12140789
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,214,084 1,385,522
Tangible Assets 5 239,629 273,862
1,453,713 1,659,384
CURRENT ASSETS
Debtors 6 137,349 265,801
Cash at bank and in hand 345 25,040
137,694 290,841
Creditors: Amounts Falling Due Within One Year 7 (2,183,663 ) (2,333,012 )
NET CURRENT ASSETS (LIABILITIES) (2,045,969 ) (2,042,171 )
TOTAL ASSETS LESS CURRENT LIABILITIES (592,256 ) (382,787 )
NET LIABILITIES (592,256 ) (382,787 )
CAPITAL AND RESERVES
Called up share capital 8 400 100
Profit and Loss Account (592,656 ) (382,887 )
SHAREHOLDERS' FUNDS (592,256) (382,787)
Page 1
Page 2
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 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 Kevin Midgley
Director
29/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KM BEERS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12140789 . The registered office is Suite 217 Queens Dock Business Centre, 67-83 Norfolk Street, Liverpool, Merseyside, L1 0BG.
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
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Plant & Machinery 10% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2023 1,714,379
As at 31 August 2024 1,714,379
Amortisation
As at 1 September 2023 328,857
Provided during the period 171,438
As at 31 August 2024 500,295
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 August 2024 1,214,084
As at 1 September 2023 1,385,522
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 342,328
As at 31 August 2024 342,328
Depreciation
As at 1 September 2023 68,466
Provided during the period 34,233
As at 31 August 2024 102,699
Net Book Value
As at 31 August 2024 239,629
As at 1 September 2023 273,862
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 111,199 102,592
VAT 26,150 163,209
137,349 265,801
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 538,271 503,028
Other creditors 1,236,177 1,514,849
Accruals and deferred income 7,580 5,500
Directors' loan accounts 401,635 309,635
2,183,663 2,333,012
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 100
Page 4