Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08703678 Mr Luke Lillingston Mr Richard Hoskins Mr Andrew Lillingston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08703678 2023-10-31 08703678 2024-10-31 08703678 2023-11-01 2024-10-31 08703678 frs-core:CurrentFinancialInstruments 2024-10-31 08703678 frs-core:ComputerEquipment 2024-10-31 08703678 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08703678 frs-core:ComputerEquipment 2023-10-31 08703678 frs-core:NetGoodwill 2024-10-31 08703678 frs-core:NetGoodwill 2023-11-01 2024-10-31 08703678 frs-core:NetGoodwill 2023-10-31 08703678 frs-core:ShareCapital 2024-10-31 08703678 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08703678 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08703678 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08703678 frs-bus:SmallEntities 2023-11-01 2024-10-31 08703678 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08703678 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08703678 frs-core:UnlistedNon-exchangeTraded 2024-10-31 08703678 frs-core:UnlistedNon-exchangeTraded 2023-10-31 08703678 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 08703678 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 08703678 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 08703678 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 08703678 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 08703678 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 08703678 frs-bus:Director1 2023-11-01 2024-10-31 08703678 frs-bus:Director2 2023-11-01 2024-10-31 08703678 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 08703678 frs-core:CurrentFinancialInstruments 1 2024-10-31 08703678 frs-countries:EnglandWales 2023-11-01 2024-10-31 08703678 2022-10-31 08703678 2023-10-31 08703678 2022-11-01 2023-10-31 08703678 frs-core:CurrentFinancialInstruments 2023-10-31 08703678 frs-core:ShareCapital 2023-10-31 08703678 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08703678 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 08703678
KVT Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08703678
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,142 1,333
Investments 6 1,802 9,963
3,944 11,296
CURRENT ASSETS
Stocks 7 193,769 350,409
Debtors 8 66,269 50,998
Cash at bank and in hand 310,060 219,142
570,098 620,549
Creditors: Amounts Falling Due Within One Year 9 (347,106 ) (407,964 )
NET CURRENT ASSETS (LIABILITIES) 222,992 212,585
TOTAL ASSETS LESS CURRENT LIABILITIES 226,936 223,881
NET ASSETS 226,936 223,881
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 225,936 222,881
SHAREHOLDERS' FUNDS 226,936 223,881
Page 1
Page 2
For the year ending 31 October 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
Mr Richard Hoskins
Director
28/07/2025
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
KVT Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08703678 . The registered office is 13 Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
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. 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 four years.
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:
Computer Equipment 25% straight line
2.5. 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.
2.6. 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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
4 4
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 80,000
As at 31 October 2024 80,000
Amortisation
As at 1 November 2023 80,000
As at 31 October 2024 80,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 6,265
Additions 1,798
As at 31 October 2024 8,063
Depreciation
As at 1 November 2023 4,932
Provided during the period 989
As at 31 October 2024 5,921
Net Book Value
As at 31 October 2024 2,142
As at 1 November 2023 1,333
6. Investments
Unlisted
£
Cost
As at 1 November 2023 9,963
Disposals (1,625 )
Revaluations (6,536 )
As at 31 October 2024 1,802
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 1,802
As at 1 November 2023 9,963
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7. Stocks
2024 2023
£ £
Stock of horses 193,769 350,409
8. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 33,558 14,395
Other debtor - 2,481
VAT 32,711 34,122
66,269 50,998
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 137,577 177,033
Corporation tax 40,377 8,362
Other creditors 1,044 1,044
Amounts owed by KVT to partnerships 39,819 156,100
Accruals and deferred income 28,289 15,425
Directors' loan accounts 100,000 50,000
347,106 407,964
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 100,000 50,000
Page 5