Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 03278983 Mr James Walker Mrs Jean Walker Mr Philip Walker Mr David Munro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03278983 2024-02-29 03278983 2025-02-28 03278983 2024-03-01 2025-02-28 03278983 frs-core:CurrentFinancialInstruments 2025-02-28 03278983 frs-core:Non-currentFinancialInstruments 2025-02-28 03278983 frs-core:BetweenOneFiveYears 2025-02-28 03278983 frs-core:ComputerEquipment 2025-02-28 03278983 frs-core:ComputerEquipment 2024-03-01 2025-02-28 03278983 frs-core:ComputerEquipment 2024-02-29 03278983 frs-core:FurnitureFittings 2025-02-28 03278983 frs-core:FurnitureFittings 2024-03-01 2025-02-28 03278983 frs-core:FurnitureFittings 2024-02-29 03278983 frs-core:NetGoodwill 2025-02-28 03278983 frs-core:NetGoodwill 2024-03-01 2025-02-28 03278983 frs-core:NetGoodwill 2024-02-29 03278983 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 03278983 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 03278983 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 03278983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 03278983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 03278983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 03278983 frs-core:MotorVehicles 2025-02-28 03278983 frs-core:MotorVehicles 2024-03-01 2025-02-28 03278983 frs-core:MotorVehicles 2024-02-29 03278983 frs-core:WithinOneYear 2025-02-28 03278983 frs-core:CapitalRedemptionReserve 2025-02-28 03278983 frs-core:OtherReservesSubtotal 2025-02-28 03278983 frs-core:ShareCapital 2025-02-28 03278983 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 03278983 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 03278983 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 03278983 frs-bus:SmallEntities 2024-03-01 2025-02-28 03278983 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 03278983 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 03278983 frs-bus:Director1 2024-03-01 2025-02-28 03278983 frs-bus:Director2 2024-03-01 2025-02-28 03278983 frs-bus:Director3 2024-03-01 2025-02-28 03278983 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 03278983 frs-countries:EnglandWales 2024-03-01 2025-02-28 03278983 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-02-29 03278983 2023-02-28 03278983 2024-02-29 03278983 2023-03-01 2024-02-29 03278983 frs-core:CurrentFinancialInstruments 2024-02-29 03278983 frs-core:Non-currentFinancialInstruments 2024-02-29 03278983 frs-core:BetweenOneFiveYears 2024-02-29 03278983 frs-core:WithinOneYear 2024-02-29 03278983 frs-core:CapitalRedemptionReserve 2024-02-29 03278983 frs-core:OtherReservesSubtotal 2024-02-29 03278983 frs-core:ShareCapital 2024-02-29 03278983 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 03278983
Kensington Health Care Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03278983
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,384,676 2,416,013
2,384,676 2,416,013
CURRENT ASSETS
Debtors 6 41,346 9,843
Cash at bank and in hand 295,816 427,698
337,162 437,541
Creditors: Amounts Falling Due Within One Year 7 (191,130 ) (244,340 )
NET CURRENT ASSETS (LIABILITIES) 146,032 193,201
TOTAL ASSETS LESS CURRENT LIABILITIES 2,530,708 2,609,214
Creditors: Amounts Falling Due After More Than One Year 8 (168,470 ) (227,806 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,005 ) (10,639 )
NET ASSETS 2,348,233 2,370,769
CAPITAL AND RESERVES
Called up share capital 10 175,152 175,152
Capital redemption reserve 424,848 424,848
Other reserves 14,680 14,680
Profit and Loss Account 1,733,553 1,756,089
SHAREHOLDERS' FUNDS 2,348,233 2,370,769
Page 1
Page 2
For the year ending 28 February 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
Mrs Jean Walker
Director
24/07/2025
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
Kensington Health Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03278983 . The registered office is Old Charlton House 69 Baring Road, Cowes, Isle Of Wight, PO31 8DW.
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, being the amount paid in connection with the acquisition of a business in 2006, was originally being amortised evenly over its estimated useful life of twenty years, but following an enquiry by H.M. Revenue & Customs this was reduced to ten years.The goodwill is fully amortised.
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:
Freehold 1% straight line
Improvements to Property 10% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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.
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.
2.7. 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.
2.8. Grant Reserves
The balance of grant reserves represents specified grant income received which has not yet been spent on qualifying expenditure at the year end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 42 (2024: 39)
42 39
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 250,000
As at 28 February 2025 250,000
Amortisation
As at 1 March 2024 250,000
As at 28 February 2025 250,000
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
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5. Tangible Assets
Land & Property
Freehold Improvements to Property Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2024 2,312,466 28,574 12,589 312,547
Additions - - - 15,538
As at 28 February 2025 2,312,466 28,574 12,589 328,085
Depreciation
As at 1 March 2024 - 8,153 12,589 229,913
Provided during the period 19,656 2,858 - 24,543
As at 28 February 2025 19,656 11,011 12,589 254,456
Net Book Value
As at 28 February 2025 2,292,810 17,563 - 73,629
As at 1 March 2024 2,312,466 20,421 - 82,634
Computer Equipment Total
£ £
Cost
As at 1 March 2024 1,760 2,667,936
Additions 991 16,529
As at 28 February 2025 2,751 2,684,465
Depreciation
As at 1 March 2024 1,268 251,923
Provided during the period 809 47,866
As at 28 February 2025 2,077 299,789
Net Book Value
As at 28 February 2025 674 2,384,676
As at 1 March 2024 492 2,416,013
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 40,076 9,154
Other debtors 1,270 689
41,346 9,843
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 11,222 43,548
Bank loans and overdrafts 51,167 51,167
Corporation tax 22,976 57,706
Other taxes and social security 13,327 13,238
Other creditors 4,755 3,495
Accruals and deferred income 6,617 6,539
Government grants within one year 14,680 14,680
Directors' loan accounts 66,386 53,967
191,130 244,340
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 168,470 227,806
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans - 9,291
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 219,636 278,973
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 175,152 175,152
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 15,083 15,083
Later than one year and not later than five years 42,734 57,817
57,817 72,900
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