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Registered number: 07735207
Kiraku Limited
Unaudited Financial Statements
For the Period 1 September 2024 to 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07735207
31 December 2025 31 August 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 12,894
- 12,894
CURRENT ASSETS
Stocks 5 - 119,595
Debtors 6 - 17,364
Cash at bank and in hand 1,667 26,244
1,667 163,203
Creditors: Amounts Falling Due Within One Year 7 (451,707 ) (467,918 )
NET CURRENT ASSETS (LIABILITIES) (450,040 ) (304,715 )
TOTAL ASSETS LESS CURRENT LIABILITIES (450,040 ) (291,821 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (3,224 )
NET LIABILITIES (450,040 ) (295,045 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (450,140 ) (295,145 )
SHAREHOLDERS' FUNDS (450,040) (295,045)
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For the period ending 31 December 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 his 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 Martin Parnwell
Director
08/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Kiraku Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07735207 . The registered office is Unit L7 Marshall Way, Commerce Park, Frome, BA11 2FB.
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. Going Concern Disclosure
The company ceased to trade on 31 July 2025 and the directors intend to apply to have the company struck off the register and dissolved. Accordingly, the directors do not consider the going concern basis to be appropriate, and the financial statements have been prepared on a basis other than going concern.
In preparing the financial statements on this basis, all assets have been stated at their recoverable amount, being the amount realised on disposal, and all liabilities expected to crystallise as a result of the cessation have been provided for. The costs of striking off the company are not considered material. No further adjustments were required to the carrying values of assets or liabilities as a result of adopting this basis.
At the reporting date the company had net liabilities of £450,041.33, which are funded by interest-free loans from a director and a connected party. These loans are unsecured, repayable on demand, and are not expected to be repaid; they will be extinguished on dissolution of the company.
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.
Cessation
As the company ceased trading on 31 July 2025, turnover reflects trading activity for the period to that date only.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
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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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 and deferred tax are recognised in profit or loss for the period, 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. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2024 16,534 32,035 2,802 10,752 62,123
Disposals (16,534 ) (32,035 ) (2,802 ) (10,752 ) (62,123 )
As at 31 December 2025 - - - - -
Depreciation
As at 1 September 2024 9,966 31,131 1,687 6,445 49,229
Disposals (9,966 ) (31,131 ) (1,687 ) (6,445 ) (49,229 )
As at 31 December 2025 - - - - -
Net Book Value
As at 31 December 2025 - - - - -
As at 1 September 2024 6,568 904 1,115 4,307 12,894
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5. Stocks
31 December 2025 31 August 2024
£ £
Stock - 119,595
As a result of the cessation of trade, the company's stock was realised or written down to its estimated recoverable amount. Stock with a carrying value of £65,969 was sold in the ordinary course of business, and the remaining stock of £55,658, which could not be realised, was written down in full and recognised as an impairment charge within cost of sales. No stock was held at the balance sheet date.
6. Debtors
31 December 2025 31 August 2024
£ £
Due within one year
Trade debtors - 7,473
Other debtors - 9,891
- 17,364
7. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 August 2024
£ £
Trade creditors - 2,603
Bank loans and overdrafts - 495
Other creditors 450,051 457,822
Taxation and social security 1,656 6,998
451,707 467,918
8. Share Capital
31 December 2025 31 August 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the period ended 31 December 2025  the director advanced funds to the company on an interest-free basis. At the balance sheet date the company owed the director £372,888.
The director's partner also advanced funds to the company on an interest-free basis, and at the balance sheet date the company owed her £73,393. In addition, remuneration of £64,000 was paid to the director's partner in respect of her employment with the company during the period.
These loan balances are included within creditors, are unsecured and interest-free. As the company has ceased to trade and the director intends to apply for it to be struck off, the balances are not expected to be repaid and will be extinguished on dissolution of the company.
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