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 09964455 Mr Daniel Kirk iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09964455 2022-12-31 09964455 2023-12-31 09964455 2023-01-01 2023-12-31 09964455 frs-core:CurrentFinancialInstruments 2023-12-31 09964455 frs-core:Non-currentFinancialInstruments 2023-12-31 09964455 frs-core:ComputerEquipment 2023-12-31 09964455 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09964455 frs-core:ComputerEquipment 2022-12-31 09964455 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 09964455 frs-core:FurnitureFittings 2023-12-31 09964455 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09964455 frs-core:FurnitureFittings 2022-12-31 09964455 frs-core:MotorVehicles 2023-12-31 09964455 frs-core:MotorVehicles 2023-01-01 2023-12-31 09964455 frs-core:MotorVehicles 2022-12-31 09964455 frs-core:OtherResidualIntangibleAssets 2023-12-31 09964455 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 09964455 frs-core:OtherResidualIntangibleAssets 2022-12-31 09964455 frs-core:PlantMachinery 2023-12-31 09964455 frs-core:PlantMachinery 2023-01-01 2023-12-31 09964455 frs-core:PlantMachinery 2022-12-31 09964455 frs-core:ShareCapital 2023-12-31 09964455 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09964455 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09964455 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09964455 frs-bus:SmallEntities 2023-01-01 2023-12-31 09964455 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09964455 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09964455 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09964455 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09964455 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09964455 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09964455 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09964455 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09964455 frs-bus:Director1 2023-01-01 2023-12-31 09964455 frs-countries:EnglandWales 2023-01-01 2023-12-31 09964455 2021-12-31 09964455 2022-12-31 09964455 2022-01-01 2022-12-31 09964455 frs-core:CurrentFinancialInstruments 2022-12-31 09964455 frs-core:Non-currentFinancialInstruments 2022-12-31 09964455 frs-core:BetweenOneFiveYears 2022-12-31 09964455 frs-core:ComputerEquipment 2022-01-01 2022-12-31 09964455 frs-core:MotorVehicles 2022-01-01 2022-12-31 09964455 frs-core:WithinOneYear 2022-12-31 09964455 frs-core:ShareCapital 2022-12-31 09964455 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09964455
Dk Tuning Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Air Accounting Ltd
Park View Business Centre
Combermere
Whitchurch
Cheshire
SY13 4AL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09964455
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 348
Tangible Assets 5 - 19,254
Investments 6 386,702 386,702
386,702 406,304
CURRENT ASSETS
Debtors 7 2,542 48,231
Cash at bank and in hand - 3,576
2,542 51,807
Creditors: Amounts Falling Due Within One Year 8 (388,612 ) (303,071 )
NET CURRENT ASSETS (LIABILITIES) (386,070 ) (251,264 )
TOTAL ASSETS LESS CURRENT LIABILITIES 632 155,040
Creditors: Amounts Falling Due After More Than One Year 9 - (2,354 )
NET ASSETS 632 152,686
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 532 152,586
SHAREHOLDERS' FUNDS 632 152,686
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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 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 Daniel Kirk
Director
9th September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Dk Tuning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09964455 . The registered office is Unit 6 Planetary Industrial Estate, Planetary Road, Willenhall, West Midlands, WV13 3XX.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of software development. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.5. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 3,108
Disposals (3,108 )
As at 31 December 2023 -
Amortisation
As at 1 January 2023 2,760
Provided during the period 210
Disposals (2,970 )
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 348
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 10,895 22,420 5,497 12,609 51,421
Disposals (10,895 ) (22,420 ) (5,497 ) (12,609 ) (51,421 )
Depreciation
As at 1 January 2023 6,642 14,979 3,456 7,090 32,167
Provided during the period 851 1,860 408 1,104 4,223
Disposals (7,493 ) (16,839 ) (3,864 ) (8,194 ) (36,390 )
As at 31 December 2023 - - - - -
Net Book Value
As at 31 December 2023 - - - - -
As at 1 January 2023 4,253 7,441 2,041 5,519 19,254
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles - 5,490
Computer Equipment - 1,229
- 6,719
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6. Investments
Unlisted
£
Cost
As at 1 January 2023 386,702
As at 31 December 2023 386,702
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 386,702
As at 1 January 2023 386,702
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 15,287
Prepayments and accrued income - 1,105
Other debtors - 12,332
VAT 2,542 2,542
2,542 31,266
Due after more than one year
Other debtors - 16,715
Amounts owed by group undertakings - 250
- 16,965
2,542 48,231
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 8,075
Trade creditors - 42
Bank loans and overdrafts 41,771 43,355
Corporation tax - 3,635
Other taxes and social security - 8,401
Other creditors - 1,922
Director's loan account - 757
Amounts owed to group undertakings - 62,585
Amounts owed to subsidiaries - 23,252
Amounts owed to parent undertaking 346,841 151,047
388,612 303,071
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 1,335
Bank loans - 1,019
- 2,354
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 8,075
Later than one year and not later than five years - 1,335
- 9,410
- 9,410
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
Included within other operating costs is an amount of £12,332.21 relating to a loan that has been written off. This loan was owed from Kirk's Garage (Nottingham) Limited, a company that was previously related by virtue of common ultimate controlling ownership. 
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