Acorah Software Products - Accounts Production 16.6.950 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06166345 Mr Robin Katz true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06166345 2024-03-31 06166345 2025-03-31 06166345 2024-04-01 2025-03-31 06166345 frs-core:CurrentFinancialInstruments 2025-03-31 06166345 frs-core:PlantMachinery 2025-03-31 06166345 frs-core:PlantMachinery 2024-04-01 2025-03-31 06166345 frs-core:PlantMachinery 2024-03-31 06166345 frs-core:ShareCapital 2025-03-31 06166345 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06166345 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06166345 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06166345 frs-bus:SmallEntities 2024-04-01 2025-03-31 06166345 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06166345 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06166345 1 2024-04-01 2025-03-31 06166345 frs-bus:Director1 2024-04-01 2025-03-31 06166345 frs-countries:EnglandWales 2024-04-01 2025-03-31 06166345 2023-03-31 06166345 2024-03-31 06166345 2023-04-01 2024-03-31 06166345 frs-core:CurrentFinancialInstruments 2024-03-31 06166345 frs-core:ShareCapital 2024-03-31 06166345 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06166345
Robin Katz Limited
Financial Statements
For The Year Ended 31 March 2025
Shaw Wallace
Chartered Accountants
43 Manchester Street
London
W1U 7LP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 06166345
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 2,730,274 2,627,442
Debtors 6 125,713 4,200
Cash at bank and in hand 784,153 417,141
3,640,140 3,048,783
Creditors: Amounts Falling Due Within One Year 7 (432,664 ) (327,062 )
NET CURRENT ASSETS (LIABILITIES) 3,207,476 2,721,721
TOTAL ASSETS LESS CURRENT LIABILITIES 3,207,476 2,721,721
NET ASSETS 3,207,476 2,721,721
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Income Statement 3,206,476 2,720,721
SHAREHOLDERS' FUNDS 3,207,476 2,721,721
Page 1
Page 2
For the year ending 31 March 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 Income Statement.
On behalf of the board
Mr Robin Katz
Director
25/11/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Robin Katz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06166345 . The registered office is 6 Hill Street, London, W1J 5NF.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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.
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.
2.4. 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% straight line
Page 3
Page 4
2.5. 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 income statement 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 income statement as incurred.
2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement
cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks
over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or
loss. Reversals of impairment losses are also recognised in profit or loss.
2.7. 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.
2.8. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
...CONTINUED
Page 4
Page 5
2.8. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.10. 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.
Page 5
Page 6
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement 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: 2 (2024: 3)
2 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 10,443
As at 31 March 2025 10,443
Depreciation
As at 1 April 2024 10,443
As at 31 March 2025 10,443
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Stocks
2025 2024
£ £
Stock 2,730,274 2,627,442
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 124,640 4,200
Other debtors 1,073 -
125,713 4,200
Page 6
Page 7
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,096 11,861
Other creditors 259,704 307,052
Taxation and social security 171,864 8,149
432,664 327,062
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Controlling Parties
The company's ultimate controlling party is Mr Robin Katz by virtue of their interest in the share capital of the company.
Page 7