Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11903840 Mr Genady Fedotov Mr Jonathan Swift Miss Georgina Sugden Mr Genady Fedotov and Mr Jonathan Swift true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11903840 2024-03-31 11903840 2025-03-31 11903840 2024-04-01 2025-03-31 11903840 frs-core:CurrentFinancialInstruments 2025-03-31 11903840 frs-core:Non-currentFinancialInstruments 2025-03-31 11903840 frs-core:ComputerEquipment 2025-03-31 11903840 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11903840 frs-core:ComputerEquipment 2024-03-31 11903840 frs-core:PlantMachinery 2025-03-31 11903840 frs-core:PlantMachinery 2024-04-01 2025-03-31 11903840 frs-core:PlantMachinery 2024-03-31 11903840 frs-core:ShareCapital 2025-03-31 11903840 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11903840 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11903840 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11903840 frs-bus:SmallEntities 2024-04-01 2025-03-31 11903840 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11903840 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11903840 1 2024-04-01 2025-03-31 11903840 frs-bus:Director1 2024-04-01 2025-03-31 11903840 frs-bus:Director2 2024-04-01 2025-03-31 11903840 frs-bus:Director3 2024-04-01 2025-03-31 11903840 frs-countries:EnglandWales 2024-04-01 2025-03-31 11903840 2023-03-31 11903840 2024-03-31 11903840 2023-04-01 2024-03-31 11903840 frs-core:CurrentFinancialInstruments 2024-03-31 11903840 frs-core:Non-currentFinancialInstruments 2024-03-31 11903840 frs-core:ShareCapital 2024-03-31 11903840 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11903840
Kofibres Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Accountancy People Manchester Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11903840
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,770 3,708
2,770 3,708
CURRENT ASSETS
Stocks 5 889,170 665,769
Debtors 6 678,974 391,940
Cash at bank and in hand 47,156 63,118
1,615,300 1,120,827
Creditors: Amounts Falling Due Within One Year 7 (1,540,805 ) (1,044,216 )
NET CURRENT ASSETS (LIABILITIES) 74,495 76,611
TOTAL ASSETS LESS CURRENT LIABILITIES 77,265 80,319
Creditors: Amounts Falling Due After More Than One Year 8 (1,667 ) (11,667 )
NET ASSETS 75,598 68,652
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 75,498 68,552
SHAREHOLDERS' FUNDS 75,598 68,652
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Page 2
For the year ending 31 March 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 Genady Fedotov
Director
Mr Jonathan Swift
Director
Miss Georgina Sugden
Director
28 November 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kofibres Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11903840 . The registered office is Unit 2 Mercury Quays, Ashley Lane, Shipley, BD17 7DB.
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. 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 Straight Line 10%
Computer Equipment Straight Line 20%
2.4. 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.
2.5. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 6)
3 6
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 2,848 3,262 6,110
As at 31 March 2025 2,848 3,262 6,110
Depreciation
As at 1 April 2024 668 1,734 2,402
Provided during the period 285 653 938
As at 31 March 2025 953 2,387 3,340
Net Book Value
As at 31 March 2025 1,895 875 2,770
As at 1 April 2024 2,180 1,528 3,708
5. Stocks
2025 2024
£ £
Materials 889,170 665,769
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 626,468 365,258
Other debtors 52,506 26,682
678,974 391,940
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,088,516 785,149
Bank loans and overdrafts 10,000 10,000
Other creditors 383,967 215,419
Taxation and social security 58,322 33,648
1,540,805 1,044,216
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,667 11,667
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Page 5
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
During the year ending 31st March 2025 the amount owing from Protexa Equip UK Ltd was £7,048 (2024: £6,488).
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Genady Fedotov and Mr Jonathan Swift by virtue of their ownership of 100% of the issued share capital in the company.
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