Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 October 2022 false 1 January 2024 31 December 2024 31 December 2024 01830940 Mr Rhodri Edwards Ms Amanda Vaughan Mrs Janet Critchley SP PLUS GLOBAL HOLDINGS, INC. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01830940 2023-12-31 01830940 2024-12-31 01830940 2024-01-01 2024-12-31 01830940 frs-core:CurrentFinancialInstruments 2024-12-31 01830940 frs-core:Non-currentFinancialInstruments 2024-12-31 01830940 frs-core:ComputerEquipment 2024-12-31 01830940 frs-core:ComputerEquipment 2024-01-01 2024-12-31 01830940 frs-core:ComputerEquipment 2023-12-31 01830940 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 01830940 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 01830940 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 01830940 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 01830940 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 01830940 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01830940 frs-core:PlantMachinery 2024-12-31 01830940 frs-core:PlantMachinery 2024-01-01 2024-12-31 01830940 frs-core:PlantMachinery 2023-12-31 01830940 frs-core:SharePremium 2024-12-31 01830940 frs-core:ShareCapital 2024-12-31 01830940 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01830940 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01830940 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01830940 frs-bus:SmallEntities 2024-01-01 2024-12-31 01830940 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01830940 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01830940 1 2024-01-01 2024-12-31 01830940 frs-core:CostValuation 2023-12-31 01830940 frs-core:CostValuation 2024-12-31 01830940 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 01830940 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 01830940 frs-bus:Director1 2024-01-01 2024-12-31 01830940 frs-bus:Director2 2024-01-01 2024-12-31 01830940 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 01830940 frs-countries:EnglandWales 2024-01-01 2024-12-31 01830940 2022-09-30 01830940 2023-12-31 01830940 2022-10-01 2023-12-31 01830940 frs-core:CurrentFinancialInstruments 2023-12-31 01830940 frs-core:Non-currentFinancialInstruments 2023-12-31 01830940 frs-core:SharePremium 2023-12-31 01830940 frs-core:ShareCapital 2023-12-31 01830940 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 01830940
K M P Associates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01830940
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,116,341 1,414,534
Tangible Assets 5 19,028 20,077
Investments 6 1 1
2,135,370 1,434,612
CURRENT ASSETS
Stocks 7 11,632 122,965
Debtors 8 1,409,773 1,164,946
Cash at bank and in hand 643,462 635,882
2,064,867 1,923,793
Creditors: Amounts Falling Due Within One Year 9 (1,815,828 ) (1,590,042 )
NET CURRENT ASSETS (LIABILITIES) 249,039 333,751
TOTAL ASSETS LESS CURRENT LIABILITIES 2,384,409 1,768,363
Creditors: Amounts Falling Due After More Than One Year 10 - (182,611 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (208,840 ) (95,266 )
NET ASSETS 2,175,569 1,490,486
CAPITAL AND RESERVES
Called up share capital 12 251,813 251,813
Share premium account 162,172 162,172
Profit and Loss Account 1,761,584 1,076,501
SHAREHOLDERS' FUNDS 2,175,569 1,490,486
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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 Rhodri Edwards
Director
30th September 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
K M P Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01830940 . The registered office is Merseyway Innovation Centre, Merseyway, Stockport, SK1 1PN.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 5 years. This represents investment in technology that has been capitalised as it is in the development phase and meets the criteria set out in FRS 102, para 18.4.
2.4. Research and Development
Expenditure on research and development is written off in the year it is incurred, or capitalised where relevant.
2.5. 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:
Leasehold 20% Straight Line
Plant & Machinery 15% Reducing Balance
Computer Equipment 20% Straight Line
2.6. 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.
2.7. 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.
2.8. 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.
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2.9. 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 46 (2023: 43)
46 43
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 2,778,813
Additions 1,095,220
As at 31 December 2024 3,874,033
Amortisation
As at 1 January 2024 1,364,279
Provided during the period 393,413
As at 31 December 2024 1,757,692
Net Book Value
As at 31 December 2024 2,116,341
As at 1 January 2024 1,414,534
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 23,324 42,448 67,496 133,268
Additions - - 5,335 5,335
Disposals (23,324 ) (5,540 ) (17,052 ) (45,916 )
As at 31 December 2024 - 36,908 55,779 92,687
Depreciation
As at 1 January 2024 23,324 35,078 54,789 113,191
Provided during the period - 1,105 3,743 4,848
Disposals (23,324 ) (4,004 ) (17,052 ) (44,380 )
As at 31 December 2024 - 32,179 41,480 73,659
Net Book Value
As at 31 December 2024 - 4,729 14,299 19,028
As at 1 January 2024 - 7,370 12,707 20,077
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2024 1
As at 31 December 2024 1
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 1
7. Stocks
31 December 2024 31 December 2023
£ £
Work in progress 11,632 122,965
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8. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 1,183,148 1,134,787
Prepayments and accrued income 13,276 30,159
Corporation tax recoverable assets 56,103 -
Amounts owed by group undertakings 157,246 -
1,409,773 1,164,946
9. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 393,632 187,556
Corporation tax 136,595 -
Other taxes and social security 67,667 64,967
VAT 25,686 4,891
Net wages - 19
Other creditors 118,210 180,745
Accruals and deferred income 676,745 1,151,864
Amounts owed to group undertakings 397,293 -
1,815,828 1,590,042
10. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Amounts owed to group undertakings - 182,611
11. Deferred Taxation
The deferred tax shown in the accounts within the year is calculated on the value of all existing assets within the business at the year end date. In future years, only the movement in the year will be recognised. This is a notional tax that is based on temporary timing differences of the assets only.
31 December 2024 31 December 2023
£ £
Other timing differences 208,840 95,266
12. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 251,813 251,813
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13. Related Party Transactions
Aeroparker US LLCA fellow group undertaking.During the financial year ending 31st December 2024, K M P Associates provided services for Aeroparker US LLC totalling £155,878.83. At the year-end, £157,246.44 was outstanding. The balance is unsecured, interest free, and is repayable under normal trading terms. The transactions were made on an arm’s length basis.

Aeroparker US LLC

A fellow group undertaking.

During the financial year ending 31st December 2024, K M P Associates provided services for Aeroparker US LLC totalling £155,878.83. At the year-end, £157,246.44 was outstanding. The balance is unsecured, interest free, and is repayable under normal trading terms. The transactions were made on an arm’s length basis.

Sp Plus CorporationThe 100% owner of K M P Associates Limited.During the financial year ending 31st December 2024, K M P Associates provided services for Sp Plus Corporation totalling £88,573.39. The transactions were made on an arm’s length basis. At the balance sheet date, K M P Associates owed an amount of £397,292.46 to Sp Plus Corporation. The loan is unsecured, repayable on demand, and carries interest.

Sp Plus Corporation

The 100% owner of K M P Associates Limited.

During the financial year ending 31st December 2024, K M P Associates provided services for Sp Plus Corporation totalling £88,573.39. The transactions were made on an arm’s length basis. At the balance sheet date, K M P Associates owed an amount of £397,292.46 to Sp Plus Corporation. The loan is unsecured, repayable on demand, and carries interest.

14. Ultimate Controlling Party
The company's ultimate controlling party is SP PLUS GLOBAL HOLDINGS, INC. by virtue of its ownership of 100% of the issued share capital in the company.
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