Acorah Software Products - Accounts Production 18.1.200 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 SC361874 Mr C Robertson Mrs L Ashton Mr M Ashton Mrs L Ashton L&M Ashton Ltd 12 Stonecross Green, Kendal, England, LA9 5HL true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC361874 2024-07-31 SC361874 2025-07-31 SC361874 2024-08-01 2025-07-31 SC361874 frs-core:CurrentFinancialInstruments 2025-07-31 SC361874 frs-core:BetweenOneFiveYears 2025-07-31 SC361874 frs-core:ComputerEquipment 2024-08-01 2025-07-31 SC361874 frs-core:LandBuildings 2025-07-31 SC361874 frs-core:LandBuildings 2024-08-01 2025-07-31 SC361874 frs-core:LandBuildings 2024-07-31 SC361874 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 SC361874 frs-core:PlantMachinery 2025-07-31 SC361874 frs-core:PlantMachinery 2024-08-01 2025-07-31 SC361874 frs-core:PlantMachinery 2024-07-31 SC361874 frs-core:WithinOneYear 2025-07-31 SC361874 frs-core:ShareCapital 2025-07-31 SC361874 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 SC361874 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC361874 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 SC361874 frs-bus:SmallEntities 2024-08-01 2025-07-31 SC361874 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 SC361874 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 SC361874 1 2024-08-01 2025-07-31 SC361874 frs-bus:Director1 2024-08-01 2025-07-31 SC361874 frs-bus:Director2 2024-08-01 2025-07-31 SC361874 frs-bus:Director3 2024-08-01 2025-07-31 SC361874 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 SC361874 frs-countries:Scotland 2024-08-01 2025-07-31 SC361874 2023-07-31 SC361874 2024-07-31 SC361874 2023-08-01 2024-07-31 SC361874 frs-core:CurrentFinancialInstruments 2024-07-31 SC361874 frs-core:BetweenOneFiveYears 2024-07-31 SC361874 frs-core:WithinOneYear 2024-07-31 SC361874 frs-core:ShareCapital 2024-07-31 SC361874 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: SC361874
1 Two Kids Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
1 Two Kids Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
1 Two Kids Limited
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: SC361874

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 4,892 |  | 2,976
|  |  | 4,892 |  | 2,976
CURRENT ASSETS
Stocks | 5 | 508,737 |  | 801,996 |
Debtors | 6 | 306,761 |  | 413,754 |
Cash at bank and in hand |  | 74,765 |  | 166,881 |
|  | 890,263 |  | 1,382,631 |
Creditors: Amounts Falling Due Within One Year | 7 | (188,335 ) |  | (187,525 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 701,928 |  | 1,195,106
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 706,820 |  | 1,198,082
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,223 ) |  | (744 )
NET ASSETS |  |  | 705,597 |  | 1,197,338
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | 705,497 |  | 1,197,238
SHAREHOLDERS' FUNDS |  |  | 705,597 |  | 1,197,338

Page 1
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1 Two Kids Limited
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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

Mrs L Ashton Director | Mr M Ashton Director
13 May 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
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1 Two Kids Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
1 Two Kids Limited is a private company, limited by shares, incorporated in Scotland, registered number SC361874 . The registered office is Unit 5 Castle Business Centre, Queensferry Road, Dunfermline, Fife, KY11 8NT.
The presentation currency of the financial statements is the Pound Sterling (£).
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.
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 | 20% Straight Line
Plant & Machinery | 25% Straight Line
Computer Equipment | 25% Straight Line

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.
2.6. 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.
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1 Two Kids Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
2.7. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account 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: 5 (2024: 5)
5 5
4. Tangible Assets

| Land & Buildings | Plant & Machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 August 2024 | 9,600 | 47,838 | 57,438
Additions | - | 4,796 | 4,796
As at 31 July 2025 | 9,600 | 52,634 | 62,234

...CONTINUED
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1 Two Kids Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025

Depreciation
As at 1 August 2024 | 8,979 | 45,483 | 54,462
Provided during the period | 272 | 2,608 | 2,880
As at 31 July 2025 | 9,251 | 48,091 | 57,342
Net Book Value
As at 31 July 2025 | 349 | 4,543 | 4,892
As at 1 August 2024 | 621 | 2,355 | 2,976

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 508,737 |  | 801,996

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 280,647 |  | 229,047
Other debtors | 26,114 |  | 184,707
| 306,761 |  | 413,754

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 94,367 |  | 91,919
Other creditors | 40,399 |  | 21,083
Taxation and social security | 53,569 |  | 74,523
| 188,335 |  | 187,525

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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1 Two Kids Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 26,000 |  | 11,400
Later than one year and not later than five years | 13,000 |  | -
| 39,000 |  | 11,400

10. Directors Advances, Credits and Guarantees
Included within Other Debtors is the following loan to the Directors:
Opening balance due from the Directors £146,470 (2024: (£4) )
Amounts advanced £183,750 (2024: £361,786)
Amounts repaid £330,220 (2024: £215,312)
Closing balance due to the Company £Nil (2024: £146,470)
The above loan is unsecured, repayable on demand and where the loan exceeds £10,000 interest is charged at the official rate of interest approved by HM Revenue and Customs.
11. Ultimate Parent Undertaking and Controlling Party
1 Two Kids Limited is a wholly owned subsidiary of L&M Ashton Ltd, a company incorporated in England, which is the company’s immediate and ultimate controlling party by virtue of its 100% holding of the company’s issued share capital.
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