Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 08270034 Mr John Scragg Mr Michael Kears iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08270034 2024-01-31 08270034 2025-01-31 08270034 2024-02-01 2025-01-31 08270034 frs-core:CurrentFinancialInstruments 2025-01-31 08270034 frs-core:ComputerEquipment 2025-01-31 08270034 frs-core:ComputerEquipment 2024-02-01 2025-01-31 08270034 frs-core:ComputerEquipment 2024-01-31 08270034 frs-core:FurnitureFittings 2025-01-31 08270034 frs-core:FurnitureFittings 2024-02-01 2025-01-31 08270034 frs-core:FurnitureFittings 2024-01-31 08270034 frs-core:NetGoodwill 2025-01-31 08270034 frs-core:NetGoodwill 2024-02-01 2025-01-31 08270034 frs-core:NetGoodwill 2024-01-31 08270034 frs-core:MotorVehicles 2025-01-31 08270034 frs-core:MotorVehicles 2024-02-01 2025-01-31 08270034 frs-core:MotorVehicles 2024-01-31 08270034 frs-core:PlantMachinery 2025-01-31 08270034 frs-core:PlantMachinery 2024-02-01 2025-01-31 08270034 frs-core:PlantMachinery 2024-01-31 08270034 frs-core:WithinOneYear 2025-01-31 08270034 frs-core:ShareCapital 2025-01-31 08270034 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 08270034 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08270034 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 08270034 frs-bus:SmallEntities 2024-02-01 2025-01-31 08270034 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 08270034 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 08270034 frs-bus:Director1 2024-02-01 2025-01-31 08270034 frs-bus:Director2 2024-02-01 2025-01-31 08270034 frs-countries:EnglandWales 2024-02-01 2025-01-31 08270034 2023-01-31 08270034 2024-01-31 08270034 2023-02-01 2024-01-31 08270034 frs-core:CurrentFinancialInstruments 2024-01-31 08270034 frs-core:WithinOneYear 2024-01-31 08270034 frs-core:ShareCapital 2024-01-31 08270034 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 08270034
K & S Retail Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Robinson Ward Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08270034
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 130,000 130,000
Tangible Assets 5 31,841 37,893
161,841 167,893
CURRENT ASSETS
Stocks 6 46,155 46,243
Debtors 7 15,266 31,237
Cash at bank and in hand 73,429 66,296
134,850 143,776
Creditors: Amounts Falling Due Within One Year 8 (169,569 ) (207,060 )
NET CURRENT ASSETS (LIABILITIES) (34,719 ) (63,284 )
TOTAL ASSETS LESS CURRENT LIABILITIES 127,122 104,609
NET ASSETS 127,122 104,609
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 127,120 104,607
SHAREHOLDERS' FUNDS 127,122 104,609
For the year ending 31 January 2025 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 John Scragg
Director
11th September 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
K & S Retail Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08270034 . The registered office is 12 Cheapside, Spennymoor, County Durham, DL16 6DJ.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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 15
Motor Vehicles 15
Fixtures & Fittings 15
Computer Equipment 33
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.
2.6. 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: 8 (2024: 8)
8 8
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Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 130,000
As at 31 January 2025 130,000
Net Book Value
As at 31 January 2025 130,000
As at 1 February 2024 130,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 30,999 19,273 35,636 1,604 87,512
As at 31 January 2025 30,999 19,273 35,636 1,604 87,512
Depreciation
As at 1 February 2024 18,890 7,805 21,320 1,604 49,619
Provided during the period 1,816 2,089 2,147 - 6,052
As at 31 January 2025 20,706 9,894 23,467 1,604 55,671
Net Book Value
As at 31 January 2025 10,293 9,379 12,169 - 31,841
As at 1 February 2024 12,109 11,468 14,316 - 37,893
6. Stocks
2025 2024
£ £
Stock 46,155 46,243
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,868 2,868
Prepayments and accrued income 8,131 8,131
Other debtors 4,267 20,238
15,266 31,237
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Page 4
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 949
Trade creditors 15,140 15,139
Bank loans and overdrafts 93,178 144,283
Other taxes and social security 323 310
VAT 1,519 1,466
Accruals 4,810 4,810
Directors' loan accounts 54,599 40,103
169,569 207,060
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 949
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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