Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09453309 Mr Gordon Kwok-Tung Li iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09453309 2023-02-28 09453309 2024-02-29 09453309 2023-03-01 2024-02-29 09453309 frs-core:CurrentFinancialInstruments 2024-02-29 09453309 frs-core:ComputerEquipment 2024-02-29 09453309 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09453309 frs-core:ComputerEquipment 2023-02-28 09453309 frs-core:PlantMachinery 2024-02-29 09453309 frs-core:PlantMachinery 2023-03-01 2024-02-29 09453309 frs-core:PlantMachinery 2023-02-28 09453309 frs-core:ShareCapital 2024-02-29 09453309 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09453309 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09453309 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09453309 frs-bus:SmallEntities 2023-03-01 2024-02-29 09453309 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09453309 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09453309 frs-bus:Director1 2023-03-01 2024-02-29 09453309 frs-countries:EnglandWales 2023-03-01 2024-02-29 09453309 2022-02-28 09453309 2023-02-28 09453309 2022-03-01 2023-02-28 09453309 frs-core:CurrentFinancialInstruments 2023-02-28 09453309 frs-core:ShareCapital 2023-02-28 09453309 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09453309
Gktl Solutions Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09453309
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,917 3,372
1,917 3,372
CURRENT ASSETS
Debtors 4 26,960 12,100
Cash at bank and in hand 41,944 178,746
68,904 190,846
Creditors: Amounts Falling Due Within One Year 5 (19,054 ) (51,523 )
NET CURRENT ASSETS (LIABILITIES) 49,850 139,323
TOTAL ASSETS LESS CURRENT LIABILITIES 51,767 142,695
PROVISIONS FOR LIABILITIES
Deferred Taxation (398 ) (830 )
NET ASSETS 51,369 141,865
CAPITAL AND RESERVES
Called up share capital 6 400 400
Profit and Loss Account 50,969 141,465
SHAREHOLDERS' FUNDS 51,369 141,865
Page 1
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For the year ending 29 February 2024 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 Gordon Kwok-Tung Li
Director
26/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
1.3. 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
Computer Equipment 25% Straight line
1.4. 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.
1.5. Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
1.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 2
2 2
3. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 3,030 20,962 23,992
As at 29 February 2024 3,030 20,962 23,992
Depreciation
As at 1 March 2023 3,030 17,590 20,620
Provided during the period - 1,455 1,455
As at 29 February 2024 3,030 19,045 22,075
Net Book Value
As at 29 February 2024 - 1,917 1,917
As at 1 March 2023 - 3,372 3,372
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4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,560 11,700
Other debtors 400 400
26,960 12,100
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 14,045 38,297
VAT 4,386 12,703
Other creditors 623 523
19,054 51,523
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
7. General Information
Gktl Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09453309 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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