Acorah Software Products - Accounts Production 16.8.200 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 14036331 Miss Nicola Killeen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14036331 2024-04-30 14036331 2025-04-30 14036331 2024-05-01 2025-04-30 14036331 frs-core:CurrentFinancialInstruments 2025-04-30 14036331 frs-core:Non-currentFinancialInstruments 2025-04-30 14036331 frs-core:BetweenOneFiveYears 2025-04-30 14036331 frs-core:ComputerEquipment 2025-04-30 14036331 frs-core:ComputerEquipment 2024-05-01 2025-04-30 14036331 frs-core:ComputerEquipment 2024-04-30 14036331 frs-core:FurnitureFittings 2025-04-30 14036331 frs-core:FurnitureFittings 2024-05-01 2025-04-30 14036331 frs-core:FurnitureFittings 2024-04-30 14036331 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-30 14036331 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 14036331 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 14036331 frs-core:MotorVehicles 2024-05-01 2025-04-30 14036331 frs-core:PlantMachinery 2025-04-30 14036331 frs-core:PlantMachinery 2024-05-01 2025-04-30 14036331 frs-core:PlantMachinery 2024-04-30 14036331 frs-core:WithinOneYear 2025-04-30 14036331 frs-core:RevaluationReserve 2024-04-30 14036331 frs-core:RevaluationReserve 2025-04-30 14036331 frs-core:ShareCapital 2025-04-30 14036331 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 14036331 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 14036331 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 14036331 frs-bus:SmallEntities 2024-05-01 2025-04-30 14036331 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 14036331 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 14036331 frs-core:DeferredTaxation 2024-04-30 14036331 frs-core:DeferredTaxation 2025-04-30 14036331 frs-bus:Director1 2024-05-01 2025-04-30 14036331 2 2024-05-01 2025-04-30 14036331 frs-countries:EnglandWales 2024-05-01 2025-04-30 14036331 2023-04-30 14036331 2024-04-30 14036331 2023-05-01 2024-04-30 14036331 frs-core:CurrentFinancialInstruments 2024-04-30 14036331 frs-core:Non-currentFinancialInstruments 2024-04-30 14036331 frs-core:BetweenOneFiveYears 2024-04-30 14036331 frs-core:PlantMachinery 2023-05-01 2024-04-30 14036331 frs-core:WithinOneYear 2024-04-30 14036331 frs-core:RevaluationReserve 2024-04-30 14036331 frs-core:ShareCapital 2024-04-30 14036331 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 14036331
Nicola Killeen Textiles Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14036331
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 633,996 619,914
633,996 619,914
CURRENT ASSETS
Stocks 5 25,000 25,000
Debtors 6 147,646 53,240
Cash at bank and in hand 113,000 48,278
285,646 126,518
Creditors: Amounts Falling Due Within One Year 7 (212,144 ) (147,282 )
NET CURRENT ASSETS (LIABILITIES) 73,502 (20,764 )
TOTAL ASSETS LESS CURRENT LIABILITIES 707,498 599,150
Creditors: Amounts Falling Due After More Than One Year 8 (208,670 ) (223,319 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,515 ) (23,729 )
NET ASSETS 475,313 352,102
CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 13 56,250 56,250
Profit and Loss Account 418,963 295,752
SHAREHOLDERS' FUNDS 475,313 352,102
Page 1
Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Miss Nicola Killeen
Director
8th January 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nicola Killeen Textiles Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14036331 . The registered office is 36 Lichfield Street, Walsall, West Midlands, WS1 1TJ.
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:
Leasehold Revaluation
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 15% RB
Computer Equipment 25% RB
2.4. 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.
2.5. 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.
Page 3
Page 4
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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 12)
13 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2024 600,000 29,995 1 2,804 632,800
Additions - 7,241 2,729 10,186 20,156
As at 30 April 2025 600,000 37,236 2,730 12,990 652,956
Depreciation
As at 1 May 2024 - 12,185 - 701 12,886
Provided during the period - 4,603 - 1,471 6,074
As at 30 April 2025 - 16,788 - 2,172 18,960
Net Book Value
As at 30 April 2025 600,000 20,448 2,730 10,818 633,996
As at 1 May 2024 600,000 17,810 1 2,103 619,914
Leasehold property is held at market value. 
Page 4
Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 13,358 17,809
5. Stocks
2025 2024
£ £
Stock 25,000 25,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 109,546 20,798
Prepayments and accrued income 37,900 32,442
Other debtors 200 -
147,646 53,240
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,300 5,939
Trade creditors 67,181 51,203
Bank loans and overdrafts 7,978 7,606
Corporation tax 82,436 44,865
Other taxes and social security 4,952 2,454
VAT 35,965 17,214
Other creditors - 1,555
Accruals and deferred income 7,250 13,828
Director's loan account 82 2,618
212,144 147,282
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,806 14,105
Bank loans 200,864 209,214
208,670 223,319
9. Secured Creditors
Of the creditors the following amounts are secured against the Leasehold property and motor vehicles held on the balance sheet.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,105 20,044
Bank loans and overdrafts 208,842 216,820
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,300 5,939
Later than one year and not later than five years 7,806 14,105
14,106 20,044
14,106 20,044
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2024 23,729 23,729
Origination and reversal of timing differences (214 ) (214 )
Balance at 30 April 2025 23,515 23,515
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
13. Reserves
Revaluation Reserve
£
As at 1 May 2024 56,250
As at 30 April 2025 56,250
Page 6