Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13199124 Mr Gaston Gomez Armesto iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13199124 2023-02-28 13199124 2024-02-29 13199124 2023-03-01 2024-02-29 13199124 frs-core:CurrentFinancialInstruments 2024-02-29 13199124 frs-core:Non-currentFinancialInstruments 2024-02-29 13199124 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 13199124 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-01 2024-02-29 13199124 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 13199124 frs-core:ShareCapital 2024-02-29 13199124 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13199124 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13199124 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13199124 frs-bus:SmallEntities 2023-03-01 2024-02-29 13199124 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13199124 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13199124 frs-bus:Director1 2023-03-01 2024-02-29 13199124 frs-countries:EnglandWales 2023-03-01 2024-02-29 13199124 2022-02-28 13199124 2023-02-28 13199124 2022-03-01 2023-02-28 13199124 frs-core:CurrentFinancialInstruments 2023-02-28 13199124 frs-core:Non-currentFinancialInstruments 2023-02-28 13199124 frs-core:ShareCapital 2023-02-28 13199124 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13199124
4Koncept Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13199124
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 465,000 196,500
465,000 196,500
CURRENT ASSETS
Debtors 5 99 100
Cash at bank and in hand 8,529 9,501
8,628 9,601
Creditors: Amounts Falling Due Within One Year 6 (274,321 ) (205,201 )
NET CURRENT ASSETS (LIABILITIES) (265,693 ) (195,600 )
TOTAL ASSETS LESS CURRENT LIABILITIES 199,307 900
Creditors: Amounts Falling Due After More Than One Year 7 (177,675 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,124 ) -
NET ASSETS 17,508 900
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 17,408 800
SHAREHOLDERS' FUNDS 17,508 900
Page 1
Page 2
For the year ending 29 February 2024 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 Gaston Gomez Armesto
Director
27/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
4Koncept Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13199124 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. 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.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 March 2023 196,500
Additions 216,768
Revaluation 51,732
As at 29 February 2024 465,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 465,000
As at 1 March 2023 196,500
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 99 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 131,999 60,000
Other creditors 70,610 73,057
Directors' loan accounts 71,712 72,144
274,321 205,201
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 177,675 -
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by a fixed charge over the investment property. The loans are interest only with a term of 12 months. The mortgages are interest only with terms of 25 years.
2024 2023
£ £
Bank loans and overdrafts 309,574 60,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At 29th February 2024, 4Koncept Ltd owed £70,610 (2023 - £73,057) to Simbiosis Bi Limited, a company in which Mrs E Pessoni De Padua Chimenton is a director and shareholder. The loan is interest bearing at various rates and repayable within 90 days of the lender providing a written notice of demand.
Page 4