Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13077736 L J Parry S Orlando C Engler C Engler Fintatem Fund IV GmbH & Co KG Veldhausen, Veldhausener Str.240, Neuenhaus. Germany true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13077736 2023-12-31 13077736 2024-12-31 13077736 2024-01-01 2024-12-31 13077736 frs-core:CurrentFinancialInstruments 2024-12-31 13077736 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13077736 frs-core:NetGoodwill 2024-01-01 2024-12-31 13077736 frs-core:MotorVehicles 2024-01-01 2024-12-31 13077736 frs-core:ShareCapital 2024-12-31 13077736 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13077736 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13077736 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 13077736 frs-bus:SmallEntities 2024-01-01 2024-12-31 13077736 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13077736 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13077736 1 2024-01-01 2024-12-31 13077736 frs-bus:Director1 2024-01-01 2024-12-31 13077736 frs-bus:Director1 2023-12-31 13077736 frs-bus:Director1 2024-12-31 13077736 frs-bus:Director2 2024-01-01 2024-12-31 13077736 frs-bus:Director3 2024-01-01 2024-12-31 13077736 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 13077736 frs-countries:EnglandWales 2024-01-01 2024-12-31 13077736 2022-12-31 13077736 2023-12-31 13077736 2023-01-01 2023-12-31 13077736 frs-core:CurrentFinancialInstruments 2023-12-31 13077736 frs-core:ShareCapital 2023-12-31 13077736 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13077736
HKM Sports Equipment (UK) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Shelvoke, Pickering, Janney LLP
Chartered Certified Accountants
57 - 61 Market Place
Cannock
Staffordshire
WS11 1BP
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 13077736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 34,791 37,815
Tangible Assets 5 27,266 11,172
62,057 48,987
CURRENT ASSETS
Stocks 14,937 -
Debtors 112,051 141,569
Cash at bank and in hand 25,413 69,856
152,401 211,425
Creditors: Amounts Falling Due Within One Year (337,604 ) (334,213 )
NET CURRENT ASSETS (LIABILITIES) (185,203 ) (122,788 )
TOTAL ASSETS LESS CURRENT LIABILITIES (123,146 ) (73,801 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (3,880 )
NET LIABILITIES (123,146 ) (77,681 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (123,147 ) (77,682 )
SHAREHOLDERS' FUNDS (123,146) (77,681)
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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.
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 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
L J Parry
Director
13 May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
HKM Sports Equipment (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13077736 . The registered office is 57-61 Market Place, Cannock, Staffs, WS11 1BP.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 15 years, based on the group policy. 
2.5. 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:
Motor Vehicles 25% on cost
Computer Equipment 33% on cost
2.6. 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.
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2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
2.9. 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.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Total
£
Cost
As at 1 January 2024 45,378
As at 31 December 2024 45,378
Amortisation
As at 1 January 2024 7,563
Provided during the period 3,024
As at 31 December 2024 10,587
Net Book Value
As at 31 December 2024 34,791
As at 1 January 2024 37,815
5. Tangible Assets
Total
£
Cost
As at 1 January 2024 36,284
Additions 30,402
Disposals (34,339 )
As at 31 December 2024 32,347
Depreciation
As at 1 January 2024 25,112
Provided during the period 9,300
Disposals (29,331 )
As at 31 December 2024 5,081
Net Book Value
As at 31 December 2024 27,266
As at 1 January 2024 11,172
6. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
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7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Laura Parry - 69,707 68,808 - 899
The above loan is unsecured, interest free and repayable on demand.
8. Related Party Transactions
The company has taken advantage of the exemption under the terms of Financial Reporting Standard 102 'The financial reporting standard applicable in the UK & Republic of Ireland' not to disclose related party transactions with the parent company.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is HKM Sports Equipment GMBH . HKM Sports Equipment GMBH was incorporated in Germany. The Ultimate Parent undertaking is Kavalieris Gmbh. Copies of the group accounts may be obtained from the secretary, Veldhausen, Veldhausener Str.240, Neuenhaus. Germany
The ultimate controlling party is Fintatem Fund IV GmbH & Co KG which controls 75% of the shares of Kavalieris GmbH. Finatem IV GmbH & Co KG is represented by its Managing Director, Christophe Hemmerle, Frankfurt am Main, Germany. 
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