Acorah Software Products - Accounts Production 15.0.600 false true false 2 December 2022 31 December 2023 31 December 2023 SC752102 Mr Hugh Parsons Mrs Rebecca Parsons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC752102 2022-12-01 SC752102 2023-12-31 SC752102 2022-12-02 2023-12-31 SC752102 frs-core:CurrentFinancialInstruments 2023-12-31 SC752102 frs-core:ComputerEquipment 2023-12-31 SC752102 frs-core:ComputerEquipment 2022-12-02 2023-12-31 SC752102 frs-core:ComputerEquipment 2022-12-01 SC752102 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 SC752102 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-01 SC752102 frs-core:ShareCapital 2023-12-31 SC752102 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC752102 frs-bus:PrivateLimitedCompanyLtd 2022-12-02 2023-12-31 SC752102 frs-bus:FilletedAccounts 2022-12-02 2023-12-31 SC752102 frs-bus:SmallEntities 2022-12-02 2023-12-31 SC752102 frs-bus:AuditExempt-NoAccountantsReport 2022-12-02 2023-12-31 SC752102 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-02 2023-12-31 SC752102 frs-bus:Director1 2022-12-02 2023-12-31 SC752102 frs-bus:Director2 2022-12-02 2023-12-31 SC752102 frs-countries:Scotland 2022-12-02 2023-12-31
Registered number: SC752102
Kudostix LTD
Unaudited Financial Statements
For the Period 2 December 2022 to 31 December 2023
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC752102
31 December 2023
Notes £ £
FIXED ASSETS
Tangible Assets 3 566,148
566,148
CURRENT ASSETS
Cash at bank and in hand 9,075
9,075
Creditors: Amounts Falling Due Within One Year 4 (584,332 )
NET CURRENT ASSETS (LIABILITIES) (575,257 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,109 )
NET LIABILITIES (9,109 )
CAPITAL AND RESERVES
Called up share capital 5 2
Profit and Loss Account (9,111 )
SHAREHOLDERS' FUNDS (9,109)
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Hugh Parsons
Director
30/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
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, 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. This is usually at the point that the customer has signed for the delivery of the goods.
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.
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:
Computer Equipment 20% RBM
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
2
3. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost
As at 2 December 2022 - - -
Additions 565,840 385 566,225
As at 31 December 2023 565,840 385 566,225
Depreciation
As at 2 December 2022 - - -
Provided during the period - 77 77
As at 31 December 2023 - 77 77
Net Book Value
As at 31 December 2023 565,840 308 566,148
As at 2 December 2022 - - -
Page 2
Page 3
4. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Directors' loan accounts 584,332
584,332
5. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 2
6. General Information
Kudostix LTD is a private company, limited by shares, incorporated in Scotland, registered number SC752102 . The registered office is 25 Eskbank Road , Dalkeith, Scotland, EH22 1HJ.
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