Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07056783 Mr Mark Kirby Mr Nick Neseyif Mr Andrew Snelgrove iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07056783 2022-12-31 07056783 2023-12-31 07056783 2023-01-01 2023-12-31 07056783 frs-core:CurrentFinancialInstruments 2023-12-31 07056783 frs-core:Non-currentFinancialInstruments 2023-12-31 07056783 frs-core:BetweenOneFiveYears 2023-12-31 07056783 frs-core:PlantMachinery 2023-12-31 07056783 frs-core:PlantMachinery 2023-01-01 2023-12-31 07056783 frs-core:PlantMachinery 2022-12-31 07056783 frs-core:WithinOneYear 2023-12-31 07056783 frs-core:ShareCapital 2023-12-31 07056783 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07056783 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07056783 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07056783 frs-bus:SmallEntities 2023-01-01 2023-12-31 07056783 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07056783 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07056783 frs-bus:Director1 2023-01-01 2023-12-31 07056783 frs-bus:Director1 2022-12-31 07056783 frs-bus:Director1 2023-12-31 07056783 frs-bus:Director2 2023-01-01 2023-12-31 07056783 frs-bus:Director2 2022-12-31 07056783 frs-bus:Director2 2023-12-31 07056783 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07056783 frs-countries:EnglandWales 2023-01-01 2023-12-31 07056783 2021-12-31 07056783 2022-12-31 07056783 2022-01-01 2022-12-31 07056783 frs-core:CurrentFinancialInstruments 2022-12-31 07056783 frs-core:Non-currentFinancialInstruments 2022-12-31 07056783 frs-core:BetweenOneFiveYears 2022-12-31 07056783 frs-core:WithinOneYear 2022-12-31 07056783 frs-core:ShareCapital 2022-12-31 07056783 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07056783
K&N Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Arque Consulting
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07056783
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,738 188,984
141,738 188,984
CURRENT ASSETS
Debtors 5 8,097 15,757
Cash at bank and in hand 129,969 193,833
138,066 209,590
Creditors: Amounts Falling Due Within One Year 6 (106,714 ) (98,308 )
NET CURRENT ASSETS (LIABILITIES) 31,352 111,282
TOTAL ASSETS LESS CURRENT LIABILITIES 173,090 300,266
Creditors: Amounts Falling Due After More Than One Year 7 (63,334 ) (136,666 )
NET ASSETS 109,756 163,600
CAPITAL AND RESERVES
Called up share capital 9 40 40
Profit and Loss Account 109,716 163,560
SHAREHOLDERS' FUNDS 109,756 163,600
Page 1
Page 2
For the year 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 Nick Neseyif
Director
3rd May 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
K&N Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07056783 . The registered office is Unit F8, Addington Business Centre, 24 Vulcan Way, New Addington, Surrey, CR0 9UG.
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 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.
2.3. 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% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 295,000
As at 31 December 2023 295,000
Depreciation
As at 1 January 2023 106,016
Provided during the period 47,246
As at 31 December 2023 153,262
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 141,738
As at 1 January 2023 188,984
5. Debtors
2023 2022
£ £
Due within one year
VAT 8,057 2,013
Directors' loan accounts 40 40
Amounts owed by associates - 13,704
8,097 15,757
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 59,628 59,939
Trade creditors (1 ) 670
Corporation tax - (2,630 )
Other taxes and social security 45,147 39,003
Accruals and deferred income 1,940 1,326
106,714 98,308
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 77,038 136,666
Bank loans (13,704 ) -
63,334 136,666
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 59,628 59,939
Later than one year and not later than five years 77,038 136,666
136,666 196,605
136,666 196,605
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 40 40
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Mark Kirby 20 - - - 20
Mr Nick Neseyif 20 - - - 20
The above loan is unsecured, interest free and repayable on demand.
Page 5