Acorah Software Products - Accounts Production 14.5.601 false true true false 28 November 2022 30 November 2023 30 November 2023 14510749 Dr D Arvinte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14510749 2022-11-27 14510749 2023-11-30 14510749 2022-11-28 2023-11-30 14510749 frs-core:CurrentFinancialInstruments 2023-11-30 14510749 frs-core:ShareCapital 2023-11-30 14510749 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14510749 frs-bus:PrivateLimitedCompanyLtd 2022-11-28 2023-11-30 14510749 frs-bus:FilletedAccounts 2022-11-28 2023-11-30 14510749 frs-bus:SmallEntities 2022-11-28 2023-11-30 14510749 frs-bus:AuditExempt-NoAccountantsReport 2022-11-28 2023-11-30 14510749 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-28 2023-11-30 14510749 frs-bus:Director1 2022-11-28 2023-11-30 14510749 frs-countries:EnglandWales 2022-11-28 2023-11-30
Registered number: 14510749
HKDA Limited
Unaudited Financial Statements
For the Period 28 November 2022 to 30 November 2023
LAS Accountants LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 14510749
30 November 2023
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 44,340
44,340
Creditors: Amounts Falling Due Within One Year 4 (23,753 )
NET CURRENT ASSETS (LIABILITIES) 20,587
TOTAL ASSETS LESS CURRENT LIABILITIES 20,587
NET ASSETS 20,587
CAPITAL AND RESERVES
Called up share capital 5 120
Income Statement 20,467
SHAREHOLDERS' FUNDS 20,587
For the period ending 30 November 2023 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
Dr D Arvinte
Director
14/04/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
HKDA Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14510749 . The registered office is C/O LAS Accountants LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 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 have been prepared under the historical cost convention.
These financial statements for the period ended 30 November 2023 are the first financial statements of HKDA Limited prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 28 November 2022.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, value added taxes and other sales taxes.
2.4. Taxation
Taxation for the period comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.7. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
Page 2
Page 3
4. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Corporation tax 10,665
Accruals and deferred income 526
Director's loan account 12,562
23,753
5. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 120
During the period, the company issued 100 Ordinary A shares and 20 Ordinary B shares at par value, being £1 per share. As at the period end, the company had 100 £1 Ordinary A shares and 20 £1 Ordinary B shares in issue.
6. Dividends
30 November 2023
£
On equity shares:
Interim dividend paid 22,785
Final dividend paid 1,000
23,785
7. Related Party Transactions
The Director's loan account balance of Dr D Arvinte, the sole director and shareholder of the company, of £12,562 as at the period end, is a current liability, interest free and repayable on demand.
Page 3