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 11175017 Mr Jukka Kettunen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11175017 2022-12-31 11175017 2023-12-31 11175017 2023-01-01 2023-12-31 11175017 frs-core:CurrentFinancialInstruments 2023-12-31 11175017 frs-core:Non-currentFinancialInstruments 2023-12-31 11175017 frs-core:ComputerEquipment 2023-12-31 11175017 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11175017 frs-core:ComputerEquipment 2022-12-31 11175017 frs-core:ShareCapital 2023-12-31 11175017 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11175017 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11175017 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11175017 frs-bus:SmallEntities 2023-01-01 2023-12-31 11175017 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11175017 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11175017 frs-bus:Director1 2023-01-01 2023-12-31 11175017 frs-bus:Director1 2022-12-31 11175017 frs-bus:Director1 2023-12-31 11175017 frs-countries:EnglandWales 2023-01-01 2023-12-31 11175017 2021-12-31 11175017 2022-12-31 11175017 2022-01-01 2022-12-31 11175017 frs-core:CurrentFinancialInstruments 2022-12-31 11175017 frs-core:Non-currentFinancialInstruments 2022-12-31 11175017 frs-core:ShareCapital 2022-12-31 11175017 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11175017
Kolo Creative Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Kolo Creative Limited For The Year Ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kolo Creative Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Kolo Creative Limited , as a body, in accordance with the terms of our engagement letter dated 24 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of Kolo Creative Limited and state those matters that we have agreed to state to the director of Kolo Creative Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kolo Creative Limited and its director as a body for our work or for this report.
It is your duty to ensure that Kolo Creative Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Kolo Creative Limited . You consider that Kolo Creative Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kolo Creative Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
1 July 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Page 1
Page 2
Balance Sheet
Registered number: 11175017
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 - 1,223
- 1,223
CURRENT ASSETS
Debtors 4 5,356 24,209
Cash at bank and in hand 8,100 1,344
13,456 25,553
Creditors: Amounts Falling Due Within One Year 5 (16,082 ) (18,581 )
NET CURRENT ASSETS (LIABILITIES) (2,626 ) 6,972
TOTAL ASSETS LESS CURRENT LIABILITIES (2,626 ) 8,195
Creditors: Amounts Falling Due After More Than One Year 6 (6,001 ) (8,001 )
NET (LIABILITIES)/ASSETS (8,627 ) 194
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (8,628 ) 193
SHAREHOLDERS' FUNDS (8,627) 194
Page 2
Page 3
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 Jukka Kettunen
Director
1 July 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
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.

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 33% straight line method
1.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
Page 4
Page 5
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 5,862
As at 31 December 2023 5,862
Depreciation
As at 1 January 2023 4,639
Provided during the period 1,223
As at 31 December 2023 5,862
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 1,223
4. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 5,356 5,356
Director's loan account - 18,853
5,356 24,209
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 663 11,427
VAT 8,474 7,154
Director's loan account 6,945 -
16,082 18,581
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 6,001 8,001
Page 5
Page 6
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. 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 Jukka Kettunen 18,853 - 18,853 - -
9. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid - 7,095
Page 6