Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 07699523 Mr H Jung iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07699523 2022-07-31 07699523 2023-07-31 07699523 2022-08-01 2023-07-31 07699523 frs-core:CurrentFinancialInstruments 2023-07-31 07699523 frs-core:Non-currentFinancialInstruments 2023-07-31 07699523 frs-core:ShareCapital 2023-07-31 07699523 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 07699523 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07699523 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 07699523 frs-bus:SmallEntities 2022-08-01 2023-07-31 07699523 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07699523 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07699523 frs-bus:Director1 2022-08-01 2023-07-31 07699523 frs-countries:EnglandWales 2022-08-01 2023-07-31 07699523 2021-07-31 07699523 2022-07-31 07699523 2021-08-01 2022-07-31 07699523 frs-core:CurrentFinancialInstruments 2022-07-31 07699523 frs-core:Non-currentFinancialInstruments 2022-07-31 07699523 frs-core:ShareCapital 2022-07-31 07699523 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 07699523
KENIT EURO CO. LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07699523
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 34,367 36,690
Debtors 5 652,957 248,736
Cash at bank and in hand 25,900 286,215
713,224 571,641
Creditors: Amounts Falling Due Within One Year 6 (386,006 ) (197,304 )
NET CURRENT ASSETS (LIABILITIES) 327,218 374,337
TOTAL ASSETS LESS CURRENT LIABILITIES 327,218 374,337
Creditors: Amounts Falling Due After More Than One Year 7 (134,167 ) (184,000 )
NET ASSETS 193,051 190,337
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Profit and Loss Account 183,051 180,337
SHAREHOLDERS' FUNDS 193,051 190,337
Page 1
Page 2
For the year ending 31 July 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 Profit and Loss Account.
On behalf of the board
Mr H Jung
Director
28/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KENIT EURO CO. LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07699523 . The registered office is 73 Glebe Gardens, New Malden, Surrey, KT3 5RX.
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 comprises revenue recognised by the company in respect of the sales of electronic goods supplied during the year, exclusive of Value Added Tax and trade discounts.

2.3. 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.
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.

2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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: 3 (2022: 3)
3 3
4. Stocks
2023 2022
£ £
Finished goods 34,367 36,690
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 96,541 236,156
Prepayments and accrued income 690 690
Other debtors 546,285 -
VAT - 11,890
Other taxes and social security 9,441 -
652,957 248,736
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 326,622 178,593
Corporation tax 637 1,206
Other taxes and social security - 5,079
VAT 12,561 -
Other creditors 180 108
Accruals and deferred income 33,688 -
Director's loan account 12,318 12,318
386,006 197,304
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 134,167 184,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
9. Related Party Transactions
At the year end, the company owed the director £12,318 (2022 - £12,318). This is an interest free loan
and repayable on demand.
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