Acorah Software Products - Accounts Production 19.3.600 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 SC363572 Mr Sean Young Mrs Elaine Young Mr Keith Young iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC363572 2025-01-31 SC363572 2026-01-31 SC363572 2025-02-01 2026-01-31 SC363572 frs-core:CurrentFinancialInstruments 2026-01-31 SC363572 frs-core:Non-currentFinancialInstruments 2026-01-31 SC363572 frs-core:ComputerEquipment 2026-01-31 SC363572 frs-core:ComputerEquipment 2025-02-01 2026-01-31 SC363572 frs-core:ComputerEquipment 2025-01-31 SC363572 frs-core:FurnitureFittings 2026-01-31 SC363572 frs-core:FurnitureFittings 2025-02-01 2026-01-31 SC363572 frs-core:FurnitureFittings 2025-01-31 SC363572 frs-core:NetGoodwill 2026-01-31 SC363572 frs-core:NetGoodwill 2025-02-01 2026-01-31 SC363572 frs-core:NetGoodwill 2025-01-31 SC363572 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-01 2026-01-31 SC363572 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-01-31 SC363572 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 SC363572 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 SC363572 frs-core:PlantMachinery 2026-01-31 SC363572 frs-core:PlantMachinery 2025-02-01 2026-01-31 SC363572 frs-core:PlantMachinery 2025-01-31 SC363572 frs-core:ShareCapital 2026-01-31 SC363572 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 SC363572 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC363572 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 SC363572 frs-bus:SmallEntities 2025-02-01 2026-01-31 SC363572 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 SC363572 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC363572 frs-bus:Director1 2025-02-01 2026-01-31 SC363572 frs-bus:Director2 2025-02-01 2026-01-31 SC363572 frs-bus:Director3 2025-02-01 2026-01-31 SC363572 frs-countries:Scotland 2025-02-01 2026-01-31 SC363572 2024-01-31 SC363572 2025-01-31 SC363572 2024-02-01 2025-01-31 SC363572 frs-core:CurrentFinancialInstruments 2025-01-31 SC363572 frs-core:Non-currentFinancialInstruments 2025-01-31 SC363572 frs-core:ShareCapital 2025-01-31 SC363572 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: SC363572
KT Sports (Orkney) Limited
Financial Statements
For The Year Ended 31 January 2026
Orcadia
1-3 East Road
Kirkwall
Orkney
KW15 1HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC363572
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 427,046 439,550
427,046 439,550
CURRENT ASSETS
Stocks 6 210,000 133,533
Debtors 7 6,390 10,682
Cash at bank and in hand 56,707 48,955
273,097 193,170
Creditors: Amounts Falling Due Within One Year 8 (111,042 ) (87,082 )
NET CURRENT ASSETS (LIABILITIES) 162,055 106,088
TOTAL ASSETS LESS CURRENT LIABILITIES 589,101 545,638
Creditors: Amounts Falling Due After More Than One Year 9 (57,578 ) (59,039 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,868 ) (3,374 )
NET ASSETS 528,655 483,225
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 528,555 483,125
SHAREHOLDERS' FUNDS 528,655 483,225
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For the year ending 31 January 2026 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 Sean Young
Director
14 August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
KT Sports (Orkney) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC363572 . The registered office is 1a Mounthoolie Place, Kirkwall, KW15 1JZ.
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. 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 .... years.
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:
Freehold 2% on Straight Line
Leasehold 10% on Straight Line
Plant & Machinery 15% on Reducing Balance
Fixtures & Fittings 15% on Reducing Balance
Computer Equipment 25% on 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.
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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: 11 (2025: 7)
11 7
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4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2025 81,800
As at 31 January 2026 81,800
Amortisation
As at 1 February 2025 81,800
As at 31 January 2026 81,800
Net Book Value
As at 31 January 2026 -
As at 1 February 2025 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2025 523,955 50,176 15,490 3,921 593,542
Additions - - 184 - 184
As at 31 January 2026 523,955 50,176 15,674 3,921 593,726
Depreciation
As at 1 February 2025 97,898 39,349 13,810 2,935 153,992
Provided during the period 10,479 1,625 278 306 12,688
As at 31 January 2026 108,377 40,974 14,088 3,241 166,680
Net Book Value
As at 31 January 2026 415,578 9,202 1,586 680 427,046
As at 1 February 2025 426,057 10,827 1,680 986 439,550
6. Stocks
2026 2025
£ £
Stock 210,000 133,533
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7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 2,933 2,551
Amounts owed by participating interests - 2,248
Other debtors 3,457 5,883
6,390 10,682
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 53,649 39,367
Amounts owed to participating interests 14,849 -
Other creditors 1,927 3,147
Taxation and social security 40,617 44,568
111,042 87,082
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other creditors 57,578 59,039
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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