1 August 2022 true No description of principal activity Taxfiler 2023.15 SC540438business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC5404382022-07-31 SC540438business:EntityNoLongerTradingButTradedInPast2022-08-012023-07-31 SC5404382022-08-012023-07-31 SC540438business:AuditExemptWithAccountantsReport2022-08-012023-07-31 SC540438business:FilletedAccounts2022-08-012023-07-31 SC5404382023-07-31 SC540438business:Director12022-08-012023-07-31 SC540438business:RegisteredOffice2022-08-012023-07-31 SC5404382022-07-31 SC540438core:WithinOneYear2023-07-31 SC540438core:WithinOneYear2022-07-31 SC540438core:AfterOneYear2023-07-31 SC540438core:AfterOneYear2022-07-31 SC540438core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC540438core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 SC540438core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC540438core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 SC540438core:PreviouslyStatedAmount2023-07-31 SC540438core:PreviouslyStatedAmount2022-07-31 SC540438business:SmallEntities2022-08-012023-07-31 SC540438countries:Scotland2022-08-012023-07-31 SC540438business:OrdinaryShareClass12022-08-012023-07-31 SC540438business:OrdinaryShareClass12021-08-012022-07-31 SC5404382021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC540438 (Scotland)
K1 CONSULTANCY SERVICES LTD Unaudited accounts for the year ended 31 July 2023
K1 CONSULTANCY SERVICES LTD Unaudited accounts Contents
Page
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K1 CONSULTANCY SERVICES LTD Company Information for the year ended 31 July 2023
Director
I B Okunrinboye
Company Number
SC540438 (Scotland)
Registered Office
5 CRAIGLEITH AVENUE PORTLETHEN ABERDEEN AB12 4PH UNITED KINGDOM
Accountants
Wrights Consulting Ltd 14 Dovedale Road Dartford Kent DA2 6JJ
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Accountants' report on the preparation of the unaudited statutory statements of K1 CONSULTANCY SERVICES LTD (The Company) for the year ended 31 July 2023
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 July 2023 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 31 July 2023.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Wrights Consulting Ltd Financial Accountants 14 Dovedale Road Dartford Kent DA2 6JJ 14 January 2024
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K1 CONSULTANCY SERVICES LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
- 
435 
Cash at bank and in hand
34 
- 
34 
435 
Creditors: amounts falling due within one year
(9,144)
(3,092)
Net current liabilities
(9,110)
(2,657)
Total assets less current liabilities
(9,110)
(2,657)
Creditors: amounts falling due after more than one year
(15,386)
(20,000)
Net liabilities
(24,496)
(22,657)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(24,596)
(22,757)
Shareholders' funds
(24,496)
(22,657)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 January 2024 and were signed on its behalf by
I B Okunrinboye Director Company Registration No. SC540438
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K1 CONSULTANCY SERVICES LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
K1 CONSULTANCY SERVICES LTD is a private company, limited by shares, registered in Scotland, registration number SC540438. The registered office is 5 CRAIGLEITH AVENUE, PORTLETHEN, ABERDEEN, AB12 4PH, UNITED KINGDOM. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
435 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
1,602 
Trade creditors
350 
350 
Taxes and social security
- 
1,140 
Loans from directors
8,794 
- 
9,144 
3,092 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,386 
20,000 
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K1 CONSULTANCY SERVICES LTD Notes to the Accounts for the year ended 31 July 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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