Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10552819 Mr Alexander James Renney Powrie Mr Nicholas Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10552819 2023-12-31 10552819 2024-12-31 10552819 2024-01-01 2024-12-31 10552819 frs-core:CurrentFinancialInstruments 2024-12-31 10552819 frs-core:ComputerEquipment 2024-12-31 10552819 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10552819 frs-core:ComputerEquipment 2023-12-31 10552819 frs-core:ShareCapital 2024-12-31 10552819 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10552819 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10552819 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10552819 frs-bus:SmallEntities 2024-01-01 2024-12-31 10552819 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10552819 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10552819 frs-bus:Director1 2024-01-01 2024-12-31 10552819 frs-bus:Director1 2023-12-31 10552819 frs-bus:Director1 2024-12-31 10552819 frs-bus:Director2 2024-01-01 2024-12-31 10552819 frs-bus:Director2 2023-12-31 10552819 frs-bus:Director2 2024-12-31 10552819 frs-countries:EnglandWales 2024-01-01 2024-12-31 10552819 2022-12-31 10552819 2023-12-31 10552819 2023-01-01 2023-12-31 10552819 frs-core:CurrentFinancialInstruments 2023-12-31 10552819 frs-core:ShareCapital 2023-12-31 10552819 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10552819
Kibworth Tax Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Kibworth Tax Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10552819
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 337 -
337 -
CURRENT ASSETS
Stocks 5 27,741 22,433
Debtors 6 170,307 440,914
Cash at bank and in hand 345,797 223,559
543,845 686,906
Creditors: Amounts Falling Due Within One Year 7 (49,515 ) (221,435 )
NET CURRENT ASSETS (LIABILITIES) 494,330 465,471
TOTAL ASSETS LESS CURRENT LIABILITIES 494,667 465,471
NET ASSETS 494,667 465,471
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 494,567 465,371
SHAREHOLDERS' FUNDS 494,667 465,471
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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 Nicholas Price
Director
30/09/2025
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
Kibworth Tax Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10552819 . The registered office is Kibworth Tax Services Limited, St Martin's Chambers, 8 New Street, Leicester, LE1 5NR.
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:
Computer Equipment 25% SLM
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. 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: 2 (2023: )
2 -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 -
Additions 505
As at 31 December 2024 505
Depreciation
As at 1 January 2024 -
Provided during the period 168
As at 31 December 2024 168
Net Book Value
As at 31 December 2024 337
As at 1 January 2024 -
5. Stocks
2024 2023
£ £
Work in progress 27,741 22,433
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,789 381,249
Other debtors 115,518 59,665
170,307 440,914
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,698 19,128
Other loans (1,112 ) -
Other creditors 2,875 1,675
Taxation and social security 30,054 200,632
49,515 221,435
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Alexander James Renney Powrie 20,000 5,000 - - -
Mr Nicholas Price 20,000 60,000 - - -
The above loan is unsecured, interest free and repayable on demand.
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