Acorah Software Products - Accounts Production 16.0.110 false true false 8 August 2023 31 August 2024 31 August 2024 15056788 Mr Tipiloma Kivalu Mrs Katherine Kivalu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15056788 2023-08-07 15056788 2024-08-31 15056788 2023-08-08 2024-08-31 15056788 frs-core:CurrentFinancialInstruments 2024-08-31 15056788 frs-core:ComputerEquipment 2024-08-31 15056788 frs-core:ComputerEquipment 2023-08-08 2024-08-31 15056788 frs-core:ComputerEquipment 2023-08-07 15056788 frs-core:FurnitureFittings 2023-08-08 2024-08-31 15056788 frs-core:NetGoodwill 2024-08-31 15056788 frs-core:NetGoodwill 2023-08-08 2024-08-31 15056788 frs-core:NetGoodwill 2023-08-07 15056788 frs-core:PlantMachinery 2024-08-31 15056788 frs-core:PlantMachinery 2023-08-08 2024-08-31 15056788 frs-core:PlantMachinery 2023-08-07 15056788 frs-core:ShareCapital 2024-08-31 15056788 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 15056788 frs-bus:PrivateLimitedCompanyLtd 2023-08-08 2024-08-31 15056788 frs-bus:FilletedAccounts 2023-08-08 2024-08-31 15056788 frs-bus:SmallEntities 2023-08-08 2024-08-31 15056788 frs-bus:AuditExempt-NoAccountantsReport 2023-08-08 2024-08-31 15056788 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-08 2024-08-31 15056788 frs-bus:Director1 2023-08-08 2024-08-31 15056788 frs-bus:Director2 2023-08-08 2024-08-31 15056788 frs-countries:EnglandWales 2023-08-08 2024-08-31
Registered number: 15056788
Kivafitness Ltd
Unaudited Financial Statements
For the Period 8 August 2023 to 31 August 2024
Cooper Accounting Limited
Dunkirk Mills
Dunkirk Street
HX1 3TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15056788
31 August 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 7,000
Tangible Assets 5 31,243
38,243
CURRENT ASSETS
Debtors 6 1,175
Cash at bank and in hand 20,054
21,229
Creditors: Amounts Falling Due Within One Year 7 (82,598 )
NET CURRENT ASSETS (LIABILITIES) (61,369 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,126 )
NET LIABILITIES (23,126 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (23,226 )
SHAREHOLDERS' FUNDS (23,126)
Page 1
Page 2
For the period ending 31 August 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 Katherine Kivalu
Director
02/12/2024
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
Kivafitness Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15056788 . The registered office is C/O Tri-Print Limited York Street Works, York Street, Bradford, West Yorkshire, BD8 0HR.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Intangible Assets
Goodwill
£
Cost
As at 8 August 2023 -
Additions 7,500
As at 31 August 2024 7,500
Amortisation
As at 8 August 2023 -
Provided during the period 500
As at 31 August 2024 500
Net Book Value
As at 31 August 2024 7,000
As at 8 August 2023 -
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Page 4
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 8 August 2023 - - -
Additions 35,835 1,156 36,991
As at 31 August 2024 35,835 1,156 36,991
Depreciation
As at 8 August 2023 - - -
Provided during the period 5,574 174 5,748
As at 31 August 2024 5,574 174 5,748
Net Book Value
As at 31 August 2024 30,261 982 31,243
As at 8 August 2023 - - -
6. Debtors
31 August 2024
£
Due within one year
Trade debtors 1,175
7. Creditors: Amounts Falling Due Within One Year
31 August 2024
£
Trade creditors 1,891
Other creditors 77,585
Taxation and social security 3,122
82,598
8. Share Capital
31 August 2024
£
Allotted, Called up and fully paid 100
Page 4