Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04539474 Mr P R Kellow Mrs A M Kellow Mrs A M Kellow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04539474 2023-12-31 04539474 2024-12-31 04539474 2024-01-01 2024-12-31 04539474 frs-core:CurrentFinancialInstruments 2024-12-31 04539474 frs-core:ComputerEquipment 2024-12-31 04539474 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04539474 frs-core:ComputerEquipment 2023-12-31 04539474 frs-core:NetGoodwill 2024-12-31 04539474 frs-core:NetGoodwill 2024-01-01 2024-12-31 04539474 frs-core:NetGoodwill 2023-12-31 04539474 frs-core:MotorVehicles 2024-12-31 04539474 frs-core:MotorVehicles 2024-01-01 2024-12-31 04539474 frs-core:MotorVehicles 2023-12-31 04539474 frs-core:PlantMachinery 2024-12-31 04539474 frs-core:PlantMachinery 2024-01-01 2024-12-31 04539474 frs-core:PlantMachinery 2023-12-31 04539474 frs-core:ShareCapital 2024-12-31 04539474 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04539474 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04539474 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04539474 frs-bus:SmallEntities 2024-01-01 2024-12-31 04539474 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04539474 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04539474 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04539474 frs-bus:OrdinaryShareClass1 2024-12-31 04539474 frs-bus:Director1 2024-01-01 2024-12-31 04539474 frs-bus:Director2 2024-01-01 2024-12-31 04539474 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04539474 frs-countries:EnglandWales 2024-01-01 2024-12-31 04539474 2022-12-31 04539474 2023-12-31 04539474 2023-01-01 2023-12-31 04539474 frs-core:CurrentFinancialInstruments 2023-12-31 04539474 frs-core:ShareCapital 2023-12-31 04539474 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04539474 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 04539474
Konnect (Taunton) Limited
Financial Statements
For The Year Ended 31 December 2024
MWR Accountants
Chartered Certified Accountants
First Floor Blackdown House
Blackbrook Business Park
Taunton
TA1 2PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04539474
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 669 4,743
669 4,743
CURRENT ASSETS
Stocks 575 462
Debtors 6 14,405 5,078
Cash at bank and in hand 47,435 50,626
62,415 56,166
Creditors: Amounts Falling Due Within One Year 7 (46,944 ) (29,057 )
NET CURRENT ASSETS (LIABILITIES) 15,471 27,109
TOTAL ASSETS LESS CURRENT LIABILITIES 16,140 31,852
PROVISIONS FOR LIABILITIES
Deferred Taxation (167 ) (1,186 )
NET ASSETS 15,973 30,666
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 15,873 30,566
SHAREHOLDERS' FUNDS 15,973 30,666
Page 1
Page 2
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.
On behalf of the board
Mr P R Kellow
Director
21 August 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
Konnect (Taunton) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04539474 . The registered office is Unit B Acorn Centre, Bindon Road, Taunton, Somerset, TA2 6BR.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business in 2002, has been 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:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Computer Equipment 20% on cost
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 68,000
As at 31 December 2024 68,000
Amortisation
As at 1 January 2024 68,000
As at 31 December 2024 68,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 27,886 17,000 3,699 48,585
As at 31 December 2024 27,886 17,000 3,699 48,585
Depreciation
As at 1 January 2024 27,801 13,600 2,441 43,842
Provided during the period 82 3,400 592 4,074
As at 31 December 2024 27,883 17,000 3,033 47,916
Net Book Value
As at 31 December 2024 3 - 666 669
As at 1 January 2024 85 3,400 1,258 4,743
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,864 4,563
Other debtors 541 515
14,405 5,078
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,387 494
Other creditors 40,494 22,928
Taxation and social security 5,063 5,635
46,944 29,057
Page 4
Page 5
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
Page 5