Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06795075 Mrs Michele Hallett Mrs Kim Squires iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06795075 2023-12-31 06795075 2024-12-31 06795075 2024-01-01 2024-12-31 06795075 frs-core:CurrentFinancialInstruments 2024-12-31 06795075 frs-core:Non-currentFinancialInstruments 2024-12-31 06795075 frs-core:ComputerEquipment 2024-12-31 06795075 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06795075 frs-core:ComputerEquipment 2023-12-31 06795075 frs-core:FurnitureFittings 2024-12-31 06795075 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06795075 frs-core:FurnitureFittings 2023-12-31 06795075 frs-core:ShareCapital 2024-12-31 06795075 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06795075 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06795075 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06795075 frs-bus:SmallEntities 2024-01-01 2024-12-31 06795075 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06795075 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06795075 frs-bus:Director1 2024-01-01 2024-12-31 06795075 frs-bus:Director2 2024-01-01 2024-12-31 06795075 frs-countries:EnglandWales 2024-01-01 2024-12-31 06795075 2022-12-31 06795075 2023-12-31 06795075 2023-01-01 2023-12-31 06795075 frs-core:CurrentFinancialInstruments 2023-12-31 06795075 frs-core:Non-currentFinancialInstruments 2023-12-31 06795075 frs-core:ShareCapital 2023-12-31 06795075 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06795075
KMK Recruitment Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Philip Deane Accountancy Ltd
Units 1 & 2 Field View
Baynards Green
Bicester
OX27 7SG
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06795075
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - (225 )
- (225 )
CURRENT ASSETS
Debtors 5 114,445 118,793
Cash at bank and in hand 75,042 153,308
189,487 272,101
Creditors: Amounts Falling Due Within One Year 6 (175,456 ) (178,114 )
NET CURRENT ASSETS (LIABILITIES) 14,031 93,987
TOTAL ASSETS LESS CURRENT LIABILITIES 14,031 93,762
Creditors: Amounts Falling Due After More Than One Year 7 (13,684 ) (23,201 )
NET ASSETS 347 70,561
CAPITAL AND RESERVES
Called up share capital 8 300 300
Profit and Loss Account 47 70,261
SHAREHOLDERS' FUNDS 347 70,561
For the year ending 31 December 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 Michele Hallett
Director
23/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
KMK Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06795075 . The registered office is 1 Poultry , Poultry, London, EC2R 8EJ.
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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 26)
23 26
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 5,828 4,866 10,694
As at 31 December 2024 5,828 4,866 10,694
Depreciation
As at 1 January 2024 5,828 5,091 10,919
Provided during the period - (225 ) (225 )
As at 31 December 2024 5,828 4,866 10,694
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 - (225 ) (225 )
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 88,187 89,920
Other debtors 15,755 15,755
Directors' loan accounts 10,503 13,118
114,445 118,793
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,689 1
Corporation tax 54,496 71,055
Other taxes and social security 44,991 60,460
VAT 51,475 29,870
Other creditors 21,805 16,728
175,456 178,114
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,684 23,201
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
Page 3
Page 4
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 4