Acorah Software Products - Accounts Production 14.6.300 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12433511 Mr Pedro Tortosa Hernandez Mr Pedro Tortosa Hernandez true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12433511 2023-01-31 12433511 2024-01-31 12433511 2023-02-01 2024-01-31 12433511 frs-core:CurrentFinancialInstruments 2024-01-31 12433511 frs-core:ShareCapital 2024-01-31 12433511 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12433511 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12433511 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12433511 frs-bus:SmallEntities 2023-02-01 2024-01-31 12433511 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12433511 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12433511 1 2023-02-01 2024-01-31 12433511 frs-bus:Director1 2023-02-01 2024-01-31 12433511 frs-bus:Director1 2023-01-31 12433511 frs-bus:Director1 2024-01-31 12433511 frs-countries:EnglandWales 2023-02-01 2024-01-31 12433511 2022-01-31 12433511 2023-01-31 12433511 2022-02-01 2023-01-31 12433511 frs-core:CurrentFinancialInstruments 2023-01-31 12433511 frs-core:ShareCapital 2023-01-31 12433511 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12433511
KYNAXIS LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12433511
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 3 28,125 27,947
Cash at bank and in hand 715 1,023
28,840 28,970
Creditors: Amounts Falling Due Within One Year 4 (63,817 ) (60,330 )
NET CURRENT ASSETS (LIABILITIES) (34,977 ) (31,360 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,977 ) (31,360 )
NET LIABILITIES (34,977 ) (31,360 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account (34,978 ) (31,361 )
SHAREHOLDERS' FUNDS (34,977) (31,360)
For the year ending 31 January 2024 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 Pedro Tortosa Hernandez
Director
30/10/2024
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3. 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.
1.4. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)
- -
3. Debtors
2024 2023
£ £
Due within one year
Amounts recoverable on contracts 27,947 27,947
Prepayments and accrued income 178 -
28,125 27,947
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,554 444
Director's loan account 62,263 59,886
63,817 60,330
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 2
Page 3
6. Directors Advances, Credits and Guarantees
Included within creditor are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Pedro Tortosa Hernandez 59,886 2,377 - - 62,263
The above loan is unsecured, interest free and repayable on demand.
7. Related Party Transactions
During the there is no transaction between Kynaxis ltd and Kilobe system ltd,At the end of the year outstading balance is £27,947(2023 :£27,947).
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Pedro Tortosa Hernandez by virtue of his ownership of more than 50% of the issued share capital and Mr Sergio Santos Barcala by virtue of his ownership of more than 25% in the company.
9. General Information
KYNAXIS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12433511 . The registered office is 20-22, Wenlock Road, London, N1 7GU.
Page 3