Acorah Software Products - Accounts Production 16.0.110 false true false 1 November 2022 30 November 2023 30 November 2023 14454276 Ms Kayleigh Bendall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14454276 2022-10-31 14454276 2023-11-30 14454276 2022-11-01 2023-11-30 14454276 frs-core:CurrentFinancialInstruments 2023-11-30 14454276 frs-core:ShareCapital 2023-11-30 14454276 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14454276 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-11-30 14454276 frs-bus:FilletedAccounts 2022-11-01 2023-11-30 14454276 frs-bus:SmallEntities 2022-11-01 2023-11-30 14454276 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-11-30 14454276 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-11-30 14454276 frs-bus:Director1 2022-11-01 2023-11-30 14454276 frs-countries:EnglandWales 2022-11-01 2023-11-30
Registered number: 14454276
KB Connect Limited
Unaudited Financial Statements
For the Period 1 November 2022 to 30 November 2023
Ecommerce Accountants LLP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14454276
30 November 2023
Notes £ £
CURRENT ASSETS
Debtors 4 11,813
Cash at bank and in hand 49,200
61,013
Creditors: Amounts Falling Due Within One Year 5 (16,586 )
NET CURRENT ASSETS (LIABILITIES) 44,427
TOTAL ASSETS LESS CURRENT LIABILITIES 44,427
NET ASSETS 44,427
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account 44,426
SHAREHOLDERS' FUNDS 44,427
For the period ending 30 November 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 her 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
Ms Kayleigh Bendall
Director
04/11/2024
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
KB Connect Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14454276 . The registered office is 51 Henley Road, Ipswich, IP1 4NP.
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.
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. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.5. Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
Page 2
Page 3
4. Debtors
30 November 2023
£
Due within one year
Trade debtors 9,867
Other debtors 1,946
11,813
5. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors 1,733
Other creditors 1,269
Taxation and social security 13,584
16,586
6. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 1
Page 3