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 08474404 Mr H S Kang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08474404 2023-09-30 08474404 2024-09-30 08474404 2023-10-01 2024-09-30 08474404 frs-core:CurrentFinancialInstruments 2024-09-30 08474404 frs-core:ComputerEquipment 2024-09-30 08474404 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08474404 frs-core:ComputerEquipment 2023-09-30 08474404 frs-core:FurnitureFittings 2024-09-30 08474404 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08474404 frs-core:FurnitureFittings 2023-09-30 08474404 frs-core:NetGoodwill 2024-09-30 08474404 frs-core:NetGoodwill 2023-10-01 2024-09-30 08474404 frs-core:NetGoodwill 2023-09-30 08474404 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 08474404 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 08474404 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 08474404 frs-core:ShareCapital 2024-09-30 08474404 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08474404 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08474404 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08474404 frs-bus:SmallEntities 2023-10-01 2024-09-30 08474404 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08474404 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08474404 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 08474404 frs-bus:OrdinaryShareClass1 2024-09-30 08474404 frs-bus:Director1 2023-10-01 2024-09-30 08474404 frs-countries:EnglandWales 2023-10-01 2024-09-30 08474404 2022-09-30 08474404 2023-09-30 08474404 2022-10-01 2023-09-30 08474404 frs-core:CurrentFinancialInstruments 2023-09-30 08474404 frs-core:ShareCapital 2023-09-30 08474404 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08474404 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 08474404
Kangs Legal Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08474404
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,800,000 2,000,000
Tangible Assets 5 111,908 135,076
1,911,908 2,135,076
CURRENT ASSETS
Stocks 6 218,625 463,698
Debtors 7 695,188 116,681
Cash at bank and in hand 447,827 609,091
1,361,640 1,189,470
Creditors: Amounts Falling Due Within One Year 8 (746,797 ) (1,198,467 )
NET CURRENT ASSETS (LIABILITIES) 614,843 (8,997 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,526,751 2,126,079
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,404 ) (19,971 )
NET ASSETS 2,510,347 2,106,108
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,510,247 2,106,008
SHAREHOLDERS' FUNDS 2,510,347 2,106,108
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 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 H S Kang
Director
17 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kangs Legal Services Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business in 2013 and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Leasehold - 15% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Computer Equipment - 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Page 3
Page 4
2.6. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.9. Work in progress
Work in progress is valued at the lower of cost and net realisable value. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 15)
18 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 4,000,000
As at 30 September 2024 4,000,000
Amortisation
As at 1 October 2023 2,000,000
Provided during the period 200,000
As at 30 September 2024 2,200,000
Net Book Value
As at 30 September 2024 1,800,000
As at 1 October 2023 2,000,000
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 133,455 40,942 65,454 239,851
Additions - - 1,422 1,422
As at 30 September 2024 133,455 40,942 66,876 241,273
Depreciation
As at 1 October 2023 37,033 22,248 45,494 104,775
Provided during the period 14,463 4,780 5,347 24,590
As at 30 September 2024 51,496 27,028 50,841 129,365
Net Book Value
As at 30 September 2024 81,959 13,914 16,035 111,908
As at 1 October 2023 96,422 18,694 19,960 135,076
6. Stocks
2024 2023
£ £
Work in progress 218,625 463,698
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,941 69,401
Prepayments and accrued income 24,047 46,080
Other debtors 1,200 1,200
Amounts owed by associates 650,000 -
695,188 116,681
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,192 6,330
Other creditors 411,273 950,459
Taxation and social security 330,332 241,678
746,797 1,198,467
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 5
Page 6
10. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £104,053 (2023 £69,500).
11. Related Party Disclosures
At the balance sheet date, a company in which Mr H S Kang is a director and shareholder owed Kangs Legal Services Limited £650,000 (2023 £nil). The loan is provided interest free and is repayable on demand.
Page 6