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 03136005 Mr M I Jackson (deceased) Mr K M Jackson Mrs J B Jackson Mr A J Watts Mrs J B Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03136005 2024-03-31 03136005 2025-03-31 03136005 2024-04-01 2025-03-31 03136005 frs-core:CurrentFinancialInstruments 2025-03-31 03136005 frs-core:Non-currentFinancialInstruments 2025-03-31 03136005 frs-core:FurnitureFittings 2025-03-31 03136005 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03136005 frs-core:FurnitureFittings 2024-03-31 03136005 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 03136005 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03136005 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03136005 frs-core:MotorVehicles 2025-03-31 03136005 frs-core:MotorVehicles 2024-04-01 2025-03-31 03136005 frs-core:MotorVehicles 2024-03-31 03136005 frs-core:PlantMachinery 2025-03-31 03136005 frs-core:PlantMachinery 2024-04-01 2025-03-31 03136005 frs-core:PlantMachinery 2024-03-31 03136005 frs-core:ShareCapital 2025-03-31 03136005 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03136005 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03136005 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03136005 frs-bus:SmallEntities 2024-04-01 2025-03-31 03136005 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03136005 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03136005 frs-bus:Director1 2024-04-01 2025-03-31 03136005 frs-bus:Director2 2024-04-01 2025-03-31 03136005 frs-bus:Director3 2024-04-01 2025-03-31 03136005 frs-bus:Director4 2024-04-01 2025-03-31 03136005 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 03136005 frs-countries:EnglandWales 2024-04-01 2025-03-31 03136005 2023-03-31 03136005 2024-03-31 03136005 2023-04-01 2024-03-31 03136005 frs-core:CurrentFinancialInstruments 2024-03-31 03136005 frs-core:Non-currentFinancialInstruments 2024-03-31 03136005 frs-core:ShareCapital 2024-03-31 03136005 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Kingfisher Labels Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03136005
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,405,714 1,469,791
1,405,714 1,469,791
CURRENT ASSETS
Stocks 5 118,385 232,927
Debtors 6 630,714 585,413
Cash at bank and in hand 33,352 34,072
782,451 852,412
Creditors: Amounts Falling Due Within One Year 7 (496,828 ) (494,199 )
NET CURRENT ASSETS (LIABILITIES) 285,623 358,213
TOTAL ASSETS LESS CURRENT LIABILITIES 1,691,337 1,828,004
Creditors: Amounts Falling Due After More Than One Year 8 (286,218 ) (307,962 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (250,009 ) (243,982 )
NET ASSETS 1,155,110 1,276,060
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 1,154,110 1,275,060
SHAREHOLDERS' FUNDS 1,155,110 1,276,060
Page 1
Page 2
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.
On behalf of the board
Mr K M Jackson
Director
30 May 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
Kingfisher Labels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03136005 . The registered office is Hawkesworth House Hawkesworth Road, Yate, Bristol, BS37 5NW.
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.
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:
Leasehold None
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
2.4. 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.
2.5. 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. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2024: 24)
24 24
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 31,817 2,808,506 41,864 67,583 2,949,770
Additions - 260,528 - 2,724 263,252
Disposals - (11,250 ) - - (11,250 )
As at 31 March 2025 31,817 3,057,784 41,864 70,307 3,201,772
Depreciation
As at 1 April 2024 1,273 1,413,944 21,816 42,946 1,479,979
Provided during the period 1,273 310,082 7,208 5,530 324,093
Disposals - (8,014 ) - - (8,014 )
As at 31 March 2025 2,546 1,716,012 29,024 48,476 1,796,058
Net Book Value
As at 31 March 2025 29,271 1,341,772 12,840 21,831 1,405,714
As at 1 April 2024 30,544 1,394,562 20,048 24,637 1,469,791
5. Stocks
2025 2024
£ £
Stock 118,385 232,927
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 497,351 432,155
Prepayments and accrued income 13,363 37,798
Corporation tax recoverable assets - 15,460
510,714 485,413
Due after more than one year
Other debtors 120,000 100,000
630,714 585,413
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 281,956 312,950
Bank loans and overdrafts 109,877 105,554
Corporation tax 17,739 -
Other taxes and social security 74,156 60,774
Accruals and deferred income 9,370 14,850
Directors' loan accounts 3,730 71
496,828 494,199
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 236,218 257,962
Other loans 50,000 50,000
286,218 307,962
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5