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 08719778 Mrs A Davie Mr I Davie Mr I Davie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08719778 2023-10-31 08719778 2024-10-31 08719778 2023-11-01 2024-10-31 08719778 frs-core:CurrentFinancialInstruments 2024-10-31 08719778 frs-core:Non-currentFinancialInstruments 2024-10-31 08719778 frs-core:ComputerEquipment 2024-10-31 08719778 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08719778 frs-core:ComputerEquipment 2023-10-31 08719778 frs-core:FurnitureFittings 2024-10-31 08719778 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08719778 frs-core:FurnitureFittings 2023-10-31 08719778 frs-core:MotorVehicles 2024-10-31 08719778 frs-core:MotorVehicles 2023-11-01 2024-10-31 08719778 frs-core:MotorVehicles 2023-10-31 08719778 frs-core:ShareCapital 2024-10-31 08719778 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08719778 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08719778 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08719778 frs-bus:SmallEntities 2023-11-01 2024-10-31 08719778 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08719778 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08719778 frs-bus:Director1 2023-11-01 2024-10-31 08719778 frs-bus:Director2 2023-11-01 2024-10-31 08719778 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 08719778 frs-countries:EnglandWales 2023-11-01 2024-10-31 08719778 2022-10-31 08719778 2023-10-31 08719778 2022-11-01 2023-10-31 08719778 frs-core:CurrentFinancialInstruments 2023-10-31 08719778 frs-core:Non-currentFinancialInstruments 2023-10-31 08719778 frs-core:ShareCapital 2023-10-31 08719778 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08719778
Kids Ot Works Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08719778
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,459 48,064
36,459 48,064
CURRENT ASSETS
Debtors 5 1,848 1,888
Cash at bank and in hand 24,133 22,849
25,981 24,737
Creditors: Amounts Falling Due Within One Year 6 (51,724 ) (25,535 )
NET CURRENT ASSETS (LIABILITIES) (25,743 ) (798 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,716 47,266
Creditors: Amounts Falling Due After More Than One Year 7 - (32,387 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,849 ) (9,133 )
NET ASSETS 3,867 5,746
CAPITAL AND RESERVES
Called up share capital 8 103 103
Profit and Loss Account 3,764 5,643
SHAREHOLDERS' FUNDS 3,867 5,746
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
Mrs A Davie
Director
2 June 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
Kids Ot Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08719778 . The registered office is 124 Swarkestone Road, Chellaston, Derby, DE73 5UD.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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. 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 48,450 3,080 3,532 55,062
Additions - - 549 549
As at 31 October 2024 48,450 3,080 4,081 55,611
Depreciation
As at 1 November 2023 2,019 1,894 3,085 6,998
Provided during the period 11,608 297 249 12,154
As at 31 October 2024 13,627 2,191 3,334 19,152
Net Book Value
As at 31 October 2024 34,823 889 747 36,459
As at 1 November 2023 46,431 1,186 447 48,064
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,721 1,713
Prepayments and accrued income 127 175
1,848 1,888
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,387 4,673
Trade creditors 1,963 -
Corporation tax 9,369 2,333
Other taxes and social security 240 -
Other creditors 7,765 17,929
Accruals and deferred income - 600
51,724 25,535
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 32,387
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
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