Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC455554 Mr James Njuguna Mr Edwin White Mrs Tio White Mrs Joyce Onuonga Mr Bethan Onuonga iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC455554 2023-02-28 SC455554 2024-02-29 SC455554 2023-03-01 2024-02-29 SC455554 frs-core:CurrentFinancialInstruments 2024-02-29 SC455554 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 SC455554 frs-core:OtherResidualIntangibleAssets 2024-02-29 SC455554 frs-core:OtherResidualIntangibleAssets 2023-02-28 SC455554 frs-core:ShareCapital 2024-02-29 SC455554 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC455554 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC455554 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC455554 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC455554 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC455554 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC455554 frs-bus:Director1 2023-03-01 2024-02-29 SC455554 frs-bus:Director2 2023-03-01 2024-02-29 SC455554 frs-bus:Director3 2023-03-01 2024-02-29 SC455554 frs-bus:Director4 2023-03-01 2024-02-29 SC455554 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 SC455554 frs-countries:Scotland 2023-03-01 2024-02-29 SC455554 2022-02-28 SC455554 2023-02-28 SC455554 2022-03-01 2023-02-28 SC455554 frs-core:CurrentFinancialInstruments 2023-02-28 SC455554 frs-core:ShareCapital 2023-02-28 SC455554 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC455554
Kingdom Innovative Technologies Ltd
Financial Statements
For The Year Ended 29 February 2024
Stewart Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC455554
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 7,971 7,815
Cash at bank and in hand 2,782 2,342
10,753 10,157
Creditors: Amounts Falling Due Within One Year 6 (153,882 ) (144,079 )
NET CURRENT ASSETS (LIABILITIES) (143,129 ) (133,922 )
TOTAL ASSETS LESS CURRENT LIABILITIES (143,129 ) (133,922 )
NET LIABILITIES (143,129 ) (133,922 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (144,129 ) (134,922 )
SHAREHOLDERS' FUNDS (143,129) (133,922)
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
Mrs Joyce Onuonga
Director
30th November 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
Kingdom Innovative Technologies Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC455554 . The registered office is Hudson House Business Centre, 8 Albany Street, Edinburgh, EH1 3QB.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Patents and Licenses. It is amortised to profit and loss account over its estimated economic life of 5 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 24,159
As at 29 February 2024 24,159
Amortisation
As at 1 March 2023 24,159
As at 29 February 2024 24,159
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 7,250 7,250
Other debtors 721 565
7,971 7,815
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests 73,863 62,674
Other creditors 80,019 81,405
153,882 144,079
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Related Party Transactions
Amounts owed from Daima Energy Services Limited of £7,250 (2023 - £7,250)  – company registered in Kenya which is under common control.
Amounts owed to John White & Son (Weighing Machines) Limited £73,863 (2023 - £62,674) which is under common control.
Page 4