Acorah Software Products - Accounts Production 16.4.675 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11047613 Mr Baljinder Bahi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11047613 2023-11-30 11047613 2024-11-30 11047613 2023-12-01 2024-11-30 11047613 frs-core:CurrentFinancialInstruments 2024-11-30 11047613 frs-core:Non-currentFinancialInstruments 2024-11-30 11047613 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-30 11047613 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-01 2024-11-30 11047613 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 11047613 frs-core:ShareCapital 2024-11-30 11047613 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11047613 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11047613 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11047613 frs-bus:SmallEntities 2023-12-01 2024-11-30 11047613 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11047613 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11047613 frs-bus:Director1 2023-12-01 2024-11-30 11047613 frs-countries:EnglandWales 2023-12-01 2024-11-30 11047613 2022-11-30 11047613 2023-11-30 11047613 2022-12-01 2023-11-30 11047613 frs-core:CurrentFinancialInstruments 2023-11-30 11047613 frs-core:Non-currentFinancialInstruments 2023-11-30 11047613 frs-core:ShareCapital 2023-11-30 11047613 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11047613
Komax Hoildings Ltd
Financial Statements
For The Year Ended 30 November 2024
TaxAssist Accountants Leamington Spa
124 Warwick Street
Leamington Spa
CV32 4QY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11047613
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 411,666 416,081
411,666 416,081
CURRENT ASSETS
Cash at bank and in hand 288 537
288 537
Creditors: Amounts Falling Due Within One Year 5 (321,966 ) (307,182 )
NET CURRENT ASSETS (LIABILITIES) (321,678 ) (306,645 )
TOTAL ASSETS LESS CURRENT LIABILITIES 89,988 109,436
Creditors: Amounts Falling Due After More Than One Year 6 (133,662 ) (155,032 )
NET LIABILITIES (43,674 ) (45,596 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (43,774 ) (45,696 )
SHAREHOLDERS' FUNDS (43,674) (45,596)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Baljinder Bahi
Director
22/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Komax Hoildings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11047613 . The registered office is 124 Warwick Street, Leamington Spa, CV32 4QY.
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 company continues to trade through the continued support of its director.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Depreciation is provided on the Straight Line basis at 2% per annum. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost
As at 1 December 2023 441,467
As at 30 November 2024 441,467
Depreciation
As at 1 December 2023 25,386
Provided during the period 4,415
As at 30 November 2024 29,801
Net Book Value
As at 30 November 2024 411,666
As at 1 December 2023 416,081
The Investment Property is pledged as security for the company's bank loans.
Page 2
Page 3
Cost or valuation as at 30 November 2024 represented by:
Investment Properties
£
At cost 441,467
441,467
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 38,797 38,797
Accruals and deferred income 3,231 3,447
Director's loan account 279,939 264,938
321,966 307,182
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 133,662 155,032
The following amounts are due between one and five years: £99,422 (2023 - £116,558) 
7. Secured Creditors
Of the creditors falling due within and after more than one year, two bank loans are secured against the assets of the company. The company has two loans with Lloyds Bank of £75,476 (2023 - £81,178) and £81,982 (2023 - £87,650) The loans are repayable over the period until 2025. The interest rates on the loans are between 4.5%(2023 - 4.50%) and 5.65% (2023 - 5.65%) respectively
2024 2023
£ £
Bank loans and overdrafts 157,458 168,828
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
The director has given a personal guarantee for £100,000 as additional security for the bank loans.
10. Fixed Charge
There is a fixed charge on the bank loans secured against the company's assets. The company has two loans with Lloyds Bank of £75,476 (2023 - £81,178) and £81,983 (2023 - £87,650). The loans are repayable over the period until 2025
Page 3