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 10388025 Ms Lisa Pagin Ms Willow Pagin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10388025 2023-11-30 10388025 2024-11-30 10388025 2023-12-01 2024-11-30 10388025 frs-core:CurrentFinancialInstruments 2024-11-30 10388025 frs-core:Non-currentFinancialInstruments 2024-11-30 10388025 frs-core:BetweenOneFiveYears 2024-11-30 10388025 frs-core:ComputerEquipment 2024-11-30 10388025 frs-core:ComputerEquipment 2023-12-01 2024-11-30 10388025 frs-core:ComputerEquipment 2023-11-30 10388025 frs-core:MotorVehicles 2024-11-30 10388025 frs-core:MotorVehicles 2023-12-01 2024-11-30 10388025 frs-core:MotorVehicles 2023-11-30 10388025 frs-core:PlantMachinery 2024-11-30 10388025 frs-core:PlantMachinery 2023-12-01 2024-11-30 10388025 frs-core:PlantMachinery 2023-11-30 10388025 frs-core:WithinOneYear 2024-11-30 10388025 frs-core:ShareCapital 2024-11-30 10388025 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10388025 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10388025 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10388025 frs-bus:SmallEntities 2023-12-01 2024-11-30 10388025 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10388025 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10388025 frs-bus:Director1 2023-12-01 2024-11-30 10388025 frs-bus:Director2 2023-12-01 2024-11-30 10388025 frs-countries:EnglandWales 2023-12-01 2024-11-30 10388025 2022-11-30 10388025 2023-11-30 10388025 2022-12-01 2023-11-30 10388025 frs-core:CurrentFinancialInstruments 2023-11-30 10388025 frs-core:Non-currentFinancialInstruments 2023-11-30 10388025 frs-core:BetweenOneFiveYears 2023-11-30 10388025 frs-core:WithinOneYear 2023-11-30 10388025 frs-core:ShareCapital 2023-11-30 10388025 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 10388025
Kernowek Kerth Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10388025
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,362 67,787
56,362 67,787
CURRENT ASSETS
Debtors 5 1,776,238 1,052,123
Cash at bank and in hand 11,210 5,490
1,787,448 1,057,613
Creditors: Amounts Falling Due Within One Year 6 (2,149,679 ) (1,233,837 )
NET CURRENT ASSETS (LIABILITIES) (362,231 ) (176,224 )
TOTAL ASSETS LESS CURRENT LIABILITIES (305,869 ) (108,437 )
Creditors: Amounts Falling Due After More Than One Year 7 (53,405 ) (64,016 )
NET LIABILITIES (359,274 ) (172,453 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (359,374 ) (172,553 )
SHAREHOLDERS' FUNDS (359,274) (172,453)
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 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
Ms Lisa Pagin
Director
28/08/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Kernowek Kerth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10388025 . The registered office is Bay View, Gyllyngvase Road, Falmouth, Cornwall, TR11 4DJ.
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 assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements.  The directors note that the business has net liabilities of £359,274.  The company is supported through loans from the directors and other connected companies.  The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company.  Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements.  Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
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. 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 4 years straight line
Motor Vehicles 20% reducing balance
Computer Equipment 3 years 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 92,801 32,990 2,699 128,490
Additions 6,488 10,950 555 17,993
Disposals (25,650 ) - - (25,650 )
As at 30 November 2024 73,639 43,940 3,254 120,833
Depreciation
As at 1 December 2023 51,883 6,598 2,222 60,703
Provided during the period 17,547 7,468 662 25,677
Disposals (21,909 ) - - (21,909 )
As at 30 November 2024 47,521 14,066 2,884 64,471
Net Book Value
As at 30 November 2024 26,118 29,874 370 56,362
As at 1 December 2023 40,918 26,392 477 67,787
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,460 249
Prepayments and accrued income 1,544,882 941,519
Other debtors 1,523 1,523
VAT 9,818 1,266
Amounts owed by connected companies 200,555 107,566
1,776,238 1,052,123
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,471 16,898
Trade creditors 140,905 172,534
Bank loans and overdrafts 4,725 4,725
Other taxes and social security 38,747 21,472
Other creditors 21,031 44,482
Accruals and deferred income 1,424 1,424
Directors' loan accounts 4,858 6,166
Amounts owed to connected companies 1,923,518 966,136
2,149,679 1,233,837
The bank loans figure represents the company's bounce back loan that is secured by the government.
The hire purchase liabilities are secured against the assets held under the hire purchase contracts.
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,784 38,027
Bank loans 22,621 25,989
53,405 64,016
The bank loans figure represents the company's bounce back loan that is secured by the government.
The hire purchase liabilities are secured against the assets held under the hire purchase contracts.
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,471 16,898
Later than one year and not later than five years 30,784 38,027
45,255 54,925
45,255 54,925
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Balances receiveable from connected companies at 30 November 2024 included within the debtors note above:
 - Bloc Leisure Ltd:   £49,041   (2023: £0)
 - Poachers Corner Management Ltd:   £194   (2023: £194)
 - Red Willow Properties Ltd:   £5,156   (2023: -£4,844)
 - Rosebay Court Ltd:   £146,165   (2023: £41,873)
 - Rosevear Meadows (Management) Ltd:   £0   (2023: 900)
Balances payable to connected companies at 30 November 2024 included within the creditors note above:
 - Bloc Cornwall Group Ltd:   £12,280   (2023: £14,280)
 - Bloc Cornwall Holdings Ltd:   £260,048   (2023: -£64,600)
 - Lux Blu Developments Ltd:   £85,860   (2023: £86,860)
 - N3L Limited:   £1,565,330   (2023: £860,151)
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