Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07889100 Mr David Bahn Mr Richard Morrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07889100 2024-03-31 07889100 2025-03-31 07889100 2024-04-01 2025-03-31 07889100 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07889100 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07889100 frs-core:ShareCapital 2025-03-31 07889100 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07889100 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07889100 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 07889100 frs-bus:SmallEntities 2024-04-01 2025-03-31 07889100 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07889100 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07889100 frs-bus:Director1 2024-04-01 2025-03-31 07889100 frs-bus:Director2 2024-04-01 2025-03-31 07889100 frs-countries:EnglandWales 2024-04-01 2025-03-31 07889100 2023-03-31 07889100 2024-03-31 07889100 2023-04-01 2024-03-31 07889100 frs-core:ShareCapital 2024-03-31 07889100 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07889100
Keystone MIS Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07889100
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,668 15,825
17,668 15,825
CURRENT ASSETS
Debtors 69,690 13,379
Cash at bank and in hand 279,000 307,997
348,690 321,376
Creditors: Amounts Falling Due Within One Year (165,557 ) (118,060 )
NET CURRENT ASSETS (LIABILITIES) 183,133 203,316
TOTAL ASSETS LESS CURRENT LIABILITIES 200,801 219,141
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,417 ) (3,956 )
NET ASSETS 196,384 215,185
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 196,284 215,085
SHAREHOLDERS' FUNDS 196,384 215,185
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For the year ending 31 March 2025 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr David Bahn
Director
Mr Richard Morrell
Director
27/06/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Keystone MIS Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07889100 . The registered office is K3 Building, 200 Clough Road, Unit 34/35, 2nd Floor - East Entrance, Hull, East Yorkshire, HU5 1SN.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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% Reducing balance method
Computer Equipment 25% Reducing balance method
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
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4. Tangible Assets
Total
£
Cost
As at 1 April 2024 50,670
Additions 7,069
As at 31 March 2025 57,739
Depreciation
As at 1 April 2024 34,845
Provided during the period 5,226
As at 31 March 2025 40,071
Net Book Value
As at 31 March 2025 17,668
As at 1 April 2024 15,825
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
6. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance Sheet date unpaid contributions of £381 (2024 - £NIL) were due to the fund. They are included in Other Creditors.
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