Acorah Software Products - Accounts Production 16.8.200 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13335508 Mr Jacob Van Nieuwkoop Mr Julian Victoria iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13335508 2023-12-31 13335508 2024-12-31 13335508 2024-01-01 2024-12-31 13335508 frs-core:Non-currentFinancialInstruments 2024-12-31 13335508 frs-core:PlantMachinery 2024-01-01 2024-12-31 13335508 frs-core:ShareCapital 2024-12-31 13335508 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13335508 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13335508 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 13335508 frs-bus:SmallEntities 2024-01-01 2024-12-31 13335508 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13335508 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13335508 frs-bus:Director1 2024-01-01 2024-12-31 13335508 frs-bus:Director2 2024-01-01 2024-12-31 13335508 frs-countries:EnglandWales 2024-01-01 2024-12-31 13335508 2022-12-31 13335508 2023-12-31 13335508 2023-01-01 2023-12-31 13335508 frs-core:Non-currentFinancialInstruments 2023-12-31 13335508 frs-core:ShareCapital 2023-12-31 13335508 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13335508
Kuro Coffee Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Arete Capital Limited
Chartered Accountants
5 Merchant Square
1st Floor
London
W2 1AY
Kuro Coffee Ltd
Contents
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—7
Page 1
Kuro Coffee Ltd
Abridged Statement of Financial Position
As At 31 December 2024
Abridged Statement of Financial Position
Registered number: 13335508
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 209,106 251,864
209,106 251,864
CURRENT ASSETS
Stocks 13,484 9,615
Debtors 12,591 21,794
Cash at bank and in hand 9,379 797
35,454 32,206
Creditors: Amounts Falling Due Within One Year (709,764 ) (722,302 )
NET CURRENT ASSETS (LIABILITIES) (674,310 ) (690,096 )
TOTAL ASSETS LESS CURRENT LIABILITIES (465,204 ) (438,232 )
Creditors: Amounts Falling Due After More Than One Year - (34,195 )
NET LIABILITIES (465,204 ) (472,427 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Income Statement (465,304 ) (472,527 )
SHAREHOLDERS' FUNDS (465,204) (472,427)
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Kuro Coffee Ltd
Abridged Statement of Financial Position (continued)
As At 31 December 2024
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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jacob Van Nieuwkoop
Director
24 December 2025
The notes on pages 3 to 7 form part of these financial statements.
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Kuro Coffee Ltd
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2024
Notes to the Abridged Financial Statements
1. General Information
Kuro Coffee Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13335508 . The registered office is 11a Callcott Street, London, W8 7SU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Fixed asset investments
lnterests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits fiom its activities.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with oilginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within bonowings in cunent liabilities.
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.
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Kuro Coffee Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
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 20% per year on the reducing balance
lmpairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. lf any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is he higher of fair value less costs to sell and value in use. ln assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is canied at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. 
A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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 income statement 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 income statement as incurred.
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Kuro Coffee Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
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.
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial lnstruments' and Section 12 'Other Financial lnstruments lssues'of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. lf not, they are presented as non-cunent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the efiective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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Kuro Coffee Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Taxation
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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement 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: 31 (2023: 13)
31 13
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 396,604
Additions 9,518
As at 31 December 2024 406,122
...CONTINUED
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Kuro Coffee Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
Depreciation
As at 1 January 2024 144,740
Provided during the period 52,276
As at 31 December 2024 197,016
Net Book Value
As at 31 December 2024 209,106
As at 1 January 2024 251,864
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Transition to FRS 102
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” for the first time for the year ended 31 December 2024.
The company previously prepared its financial statements in accordance with FRS 105 “The Financial Reporting Standard applicable to the Micro-entities Regime”.
The date of transition to FRS 102 was 1 January 2023, being the start of the earliest period for which full comparative information is presented.
The transition from FRS 105 to FRS 102 has not resulted in any material changes to the company’s accounting policies.
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