Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09535634 Mr Danylo Klyuchnykov iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09535634 2022-10-31 09535634 2023-10-31 09535634 2022-11-01 2023-10-31 09535634 frs-core:CurrentFinancialInstruments 2023-10-31 09535634 frs-core:ShareCapital 2023-10-31 09535634 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09535634 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09535634 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09535634 frs-bus:SmallEntities 2022-11-01 2023-10-31 09535634 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09535634 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09535634 frs-bus:Director1 2022-11-01 2023-10-31 09535634 frs-countries:EnglandWales 2022-11-01 2023-10-31 09535634 2021-10-31 09535634 2022-10-31 09535634 2021-11-01 2022-10-31 09535634 frs-core:CurrentFinancialInstruments 2022-10-31 09535634 frs-core:ShareCapital 2022-10-31 09535634 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09535634
K Systems International Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Pink Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09535634
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 462,192 52,980
Debtors 5 29,629 85,001
Cash at bank and in hand 399,134 780,527
890,955 918,508
Creditors: Amounts Falling Due Within One Year 6 (997,573 ) (1,030,289 )
NET CURRENT ASSETS (LIABILITIES) (106,618 ) (111,781 )
TOTAL ASSETS LESS CURRENT LIABILITIES (106,618 ) (111,781 )
NET LIABILITIES (106,618 ) (111,781 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (106,718 ) (111,881 )
SHAREHOLDERS' FUNDS (106,618) (111,781)
For the year ending 31 October 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 Danylo Klyuchnykov
Director
12/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
K Systems International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09535634 . The registered office is 28/29A Station Street, Walsall, WS2 9JZ.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Stocks
2023 2022
£ £
Finished goods 462,192 52,980
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 74,945
Prepayments and accrued income 7,684 -
Other debtors - 1,150
VAT 21,845 8,806
Called up share capital not paid 100 100
29,629 85,001
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 933,305 979,133
Other taxes and social security 4,242 7,477
Other creditors 43,901 43,679
Accruals and deferred income 16,125 -
997,573 1,030,289
7. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Page 3