Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09829025 Mr Geoffrey Ewbank Mr Kevin Ewbank iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09829025 2023-09-30 09829025 2024-09-30 09829025 2023-10-01 2024-09-30 09829025 frs-core:CurrentFinancialInstruments 2024-09-30 09829025 frs-core:Non-currentFinancialInstruments 2024-09-30 09829025 frs-core:FurnitureFittings 2024-09-30 09829025 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09829025 frs-core:FurnitureFittings 2023-09-30 09829025 frs-core:NetGoodwill 2024-09-30 09829025 frs-core:NetGoodwill 2023-10-01 2024-09-30 09829025 frs-core:NetGoodwill 2023-09-30 09829025 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 09829025 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09829025 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 09829025 frs-core:PlantMachinery 2023-10-01 2024-09-30 09829025 frs-core:ShareCapital 2024-09-30 09829025 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09829025 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09829025 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09829025 frs-bus:SmallEntities 2023-10-01 2024-09-30 09829025 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09829025 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09829025 frs-bus:Director1 2023-10-01 2024-09-30 09829025 frs-bus:Director2 2023-10-01 2024-09-30 09829025 frs-countries:EnglandWales 2023-10-01 2024-09-30 09829025 2022-09-30 09829025 2023-09-30 09829025 2022-10-01 2023-09-30 09829025 frs-core:CurrentFinancialInstruments 2023-09-30 09829025 frs-core:Non-currentFinancialInstruments 2023-09-30 09829025 frs-core:ShareCapital 2023-09-30 09829025 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09829025
KGM Holdings Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09829025
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,000 12,000
Tangible Assets 5 1,397,354 1,403,936
1,403,354 1,415,936
CURRENT ASSETS
Stocks 6 24,250 27,000
Debtors 7 738 4,352
Cash at bank and in hand 45,743 31,489
70,731 62,841
Creditors: Amounts Falling Due Within One Year 8 (48,420 ) (26,982 )
NET CURRENT ASSETS (LIABILITIES) 22,311 35,859
TOTAL ASSETS LESS CURRENT LIABILITIES 1,425,665 1,451,795
Creditors: Amounts Falling Due After More Than One Year 9 (1,354,126 ) (1,406,877 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,030 ) (8,280 )
NET ASSETS 64,509 36,638
CAPITAL AND RESERVES
Called up share capital 10 15 15
Profit and Loss Account 64,494 36,623
SHAREHOLDERS' FUNDS 64,509 36,638
Page 1
Page 2
For the year ending 30 September 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 Geoffrey Ewbank
Director
11/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KGM Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09829025 . The registered office is Unit 13, North Norfolk Business Centre, Cromer, Norfolk, NR27 9RQ.
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 ten 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:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 15% 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.
2.6. 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. 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 years 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.
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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 60,000
As at 30 September 2024 60,000
Amortisation
As at 1 October 2023 48,000
Provided during the period 6,000
As at 30 September 2024 54,000
Net Book Value
As at 30 September 2024 6,000
As at 1 October 2023 12,000
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 1,405,985 131,316 1,537,301
As at 30 September 2024 1,405,985 131,316 1,537,301
Depreciation
As at 1 October 2023 45,630 87,735 133,365
Provided during the period - 6,582 6,582
As at 30 September 2024 45,630 94,317 139,947
Net Book Value
As at 30 September 2024 1,360,355 36,999 1,397,354
As at 1 October 2023 1,360,355 43,581 1,403,936
6. Stocks
2024 2023
£ £
Stock 24,250 27,000
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 738 228
Other debtors - 4,124
738 4,352
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,159 5,902
Bank loans and overdrafts 10,083 9,818
Other creditors 11,394 4,928
Taxation and social security 17,784 6,334
48,420 26,982
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,224 17,573
Other creditors 1,346,902 1,389,304
1,354,126 1,406,877
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15 15
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