Acorah Software Products - Accounts Production 19.2.350 false true true 30 September 2024 1 October 2023 false 1 October 2024 30 September 2025 30 September 2025 05169487 Mr D Lancefield Mrs M Turner Mrs J Lancefield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05169487 2024-09-30 05169487 2025-09-30 05169487 2024-10-01 2025-09-30 05169487 frs-core:CurrentFinancialInstruments 2025-09-30 05169487 frs-core:FurnitureFittings 2025-09-30 05169487 frs-core:FurnitureFittings 2024-10-01 2025-09-30 05169487 frs-core:FurnitureFittings 2024-09-30 05169487 frs-core:NetGoodwill 2025-09-30 05169487 frs-core:NetGoodwill 2024-10-01 2025-09-30 05169487 frs-core:NetGoodwill 2024-09-30 05169487 frs-core:MotorVehicles 2025-09-30 05169487 frs-core:MotorVehicles 2024-10-01 2025-09-30 05169487 frs-core:MotorVehicles 2024-09-30 05169487 frs-core:ShareCapital 2025-09-30 05169487 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 05169487 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 05169487 frs-bus:FilletedAccounts 2024-10-01 2025-09-30 05169487 frs-bus:SmallEntities 2024-10-01 2025-09-30 05169487 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 05169487 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 05169487 frs-bus:Director1 2024-10-01 2025-09-30 05169487 frs-bus:Director2 2024-10-01 2025-09-30 05169487 frs-bus:Director3 2024-10-01 2025-09-30 05169487 frs-countries:EnglandWales 2024-10-01 2025-09-30 05169487 2023-09-30 05169487 2024-09-30 05169487 2023-10-01 2024-09-30 05169487 frs-core:CurrentFinancialInstruments 2024-09-30 05169487 frs-core:ShareCapital 2024-09-30 05169487 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30
Registered number: 05169487
Kent Auction Galleries Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Kent Auction Galleries Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Kent Auction Galleries Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: 05169487

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 6 |  | 4,083 |  | 5,445
|  |  | 4,083 |  | 5,445
CURRENT ASSETS
Debtors | 7 | 18,308 |  | 16,080 |
Cash at bank and in hand |  | 179,060 |  | 145,824 |
|  | 197,368 |  | 161,904 |
Creditors: Amounts Falling Due Within One Year | 8 | (103,055 ) |  | (80,908 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 94,313 |  | 80,996
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 98,396 |  | 86,441
NET ASSETS |  |  | 98,396 |  | 86,441
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,251 |  | 1,251
Profit and Loss Account |  |  | 97,145 |  | 85,190
SHAREHOLDERS' FUNDS |  |  | 98,396 |  | 86,441

Page 1
Page 2
Kent Auction Galleries Limited
Balance Sheet (continued)
As At 30 September 2025
For the year ending 30 September 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 D Lancefield Director
14/05/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Kent Auction Galleries Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Kent Auction Galleries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05169487 . The registered office is Unit C, Highfield Industrial Estate, Folkestone, Kent, CT19 6DD.
2. Statement of Compliance
The financial statements have been prepared 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2. 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.
3.3. 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.
3.4. 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 10 years.
3.5. 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:

Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance

3.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
Page 3
Page 4
Kent Auction Galleries Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
3.7. 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.
3.8. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 10)
11 10
5. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 October 2024 | 50,000
As at 30 September 2025 | 50,000
Amortisation
As at 1 October 2024 | 50,000
As at 30 September 2025 | 50,000
Net Book Value
As at 30 September 2025 | -
As at 1 October 2024 | -

Page 4
Page 5
Kent Auction Galleries Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
6. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 October 2024 | 45,373 | 49,606 | 94,979
As at 30 September 2025 | 45,373 | 49,606 | 94,979
Depreciation
As at 1 October 2024 | 41,945 | 47,589 | 89,534
Provided during the period | 858 | 504 | 1,362
As at 30 September 2025 | 42,803 | 48,093 | 90,896
Net Book Value
As at 30 September 2025 | 2,570 | 1,513 | 4,083
As at 1 October 2024 | 3,428 | 2,017 | 5,445

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 17,498 |  | 14,397
Prepayments and accrued income | 810 |  | 930
Other debtors | - |  | 753
| 18,308 |  | 16,080

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 73,380 |  | 60,433
Taxation and social security | 29,675 |  | 20,475
| 103,055 |  | 80,908

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,251 |  | 1,251

Page 5