Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11574713 Mr David Davies Mr Haydn Troshin-Darke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11574713 2023-12-31 11574713 2024-12-31 11574713 2024-01-01 2024-12-31 11574713 frs-core:CurrentFinancialInstruments 2024-12-31 11574713 frs-core:Non-currentFinancialInstruments 2024-12-31 11574713 frs-core:ComputerEquipment 2024-12-31 11574713 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11574713 frs-core:ComputerEquipment 2023-12-31 11574713 frs-core:PlantMachinery 2024-12-31 11574713 frs-core:PlantMachinery 2024-01-01 2024-12-31 11574713 frs-core:PlantMachinery 2023-12-31 11574713 frs-core:ShareCapital 2024-12-31 11574713 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11574713 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11574713 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11574713 frs-bus:SmallEntities 2024-01-01 2024-12-31 11574713 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11574713 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11574713 frs-bus:Director1 2024-01-01 2024-12-31 11574713 frs-bus:Director2 2024-01-01 2024-12-31 11574713 frs-countries:EnglandWales 2024-01-01 2024-12-31 11574713 2022-12-31 11574713 2023-12-31 11574713 2023-01-01 2023-12-31 11574713 frs-core:CurrentFinancialInstruments 2023-12-31 11574713 frs-core:Non-currentFinancialInstruments 2023-12-31 11574713 frs-core:ShareCapital 2023-12-31 11574713 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11574713
Kin + Ilk The Maltings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11574713
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 145 669
145 669
CURRENT ASSETS
Stocks 5 15,957 15,957
Debtors 6 168,210 168,254
Cash at bank and in hand 2,432 8,093
186,599 192,304
Creditors: Amounts Falling Due Within One Year 7 (351,776 ) (295,593 )
NET CURRENT ASSETS (LIABILITIES) (165,177 ) (103,289 )
TOTAL ASSETS LESS CURRENT LIABILITIES (165,032 ) (102,620 )
Creditors: Amounts Falling Due After More Than One Year 8 (29,126 ) (36,965 )
NET LIABILITIES (194,158 ) (139,585 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (194,160 ) (139,587 )
SHAREHOLDERS' FUNDS (194,158) (139,585)
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 Haydn Troshin-Darke
Director
21/08/2025
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
Kin + Ilk The Maltings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11574713 . The registered office is 1 Capital Quarter C/O Kin + Ilk Capital , 1 Tyndall Street, Cardiff, United Kingdom, CF10 4BZ.
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. 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 25% Straight Line
Computer Equipment 33% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 7)
5 7
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 8,518 3,739 12,257
Disposals (166 ) (1,063 ) (1,229 )
As at 31 December 2024 8,352 2,676 11,028
Depreciation
As at 1 January 2024 7,949 3,639 11,588
Provided during the period 423 100 523
Disposals (165 ) (1,063 ) (1,228 )
As at 31 December 2024 8,207 2,676 10,883
Net Book Value
As at 31 December 2024 145 - 145
As at 1 January 2024 569 100 669
5. Stocks
2024 2023
£ £
Stock 15,957 15,957
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,352 23,725
Prepayments and accrued income 2,041 26,400
Net wages 990 -
Amounts owed by group undertakings 141,827 118,129
168,210 168,254
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,964 31,043
Bank loans and overdrafts 6,798 5,756
Other taxes and social security 24,939 24,249
VAT 3,019 4,412
Other creditors 595 1,412
Accruals and deferred income 18,747 16,600
Directors' loan accounts 270 -
Amounts owed to group undertakings 271,444 212,121
351,776 295,593
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,126 36,965
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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