Acorah Software Products - Accounts Production 16.1.200 false true 31 October 2023 5 October 2022 false 1 November 2023 31 October 2024 31 October 2024 14399098 Mr Paul Duheaume Mr Christopher Miles Mr Andrew Bowden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14399098 2023-10-31 14399098 2024-10-31 14399098 2023-11-01 2024-10-31 14399098 frs-core:CurrentFinancialInstruments 2024-10-31 14399098 frs-core:Non-currentFinancialInstruments 2024-10-31 14399098 frs-core:ComputerEquipment 2024-10-31 14399098 frs-core:ComputerEquipment 2023-11-01 2024-10-31 14399098 frs-core:ComputerEquipment 2023-10-31 14399098 frs-core:FurnitureFittings 2024-10-31 14399098 frs-core:FurnitureFittings 2023-11-01 2024-10-31 14399098 frs-core:FurnitureFittings 2023-10-31 14399098 frs-core:MotorVehicles 2024-10-31 14399098 frs-core:MotorVehicles 2023-11-01 2024-10-31 14399098 frs-core:MotorVehicles 2023-10-31 14399098 frs-core:PlantMachinery 2024-10-31 14399098 frs-core:PlantMachinery 2023-11-01 2024-10-31 14399098 frs-core:PlantMachinery 2023-10-31 14399098 frs-core:ShareCapital 2024-10-31 14399098 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 14399098 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14399098 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 14399098 frs-bus:SmallEntities 2023-11-01 2024-10-31 14399098 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14399098 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 14399098 frs-bus:Director1 2023-11-01 2024-10-31 14399098 frs-bus:Director2 2023-11-01 2024-10-31 14399098 frs-bus:Director3 2023-11-01 2024-10-31 14399098 frs-countries:EnglandWales 2023-11-01 2024-10-31 14399098 2022-10-04 14399098 2023-10-31 14399098 2022-10-05 2023-10-31 14399098 frs-core:CurrentFinancialInstruments 2023-10-31 14399098 frs-core:Non-currentFinancialInstruments 2023-10-31 14399098 frs-core:ShareCapital 2023-10-31 14399098 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 14399098
KTV Working Drone (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14399098
31 October 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 82,202 48,269
82,202 48,269
CURRENT ASSETS
Stocks 5 60,000 -
Debtors 6 1,662 6,330
Cash at bank and in hand 3,435 30,048
65,097 36,378
Creditors: Amounts Falling Due Within One Year 7 (160,634 ) (133,155 )
NET CURRENT ASSETS (LIABILITIES) (95,537 ) (96,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,335 ) (48,508 )
Creditors: Amounts Falling Due After More Than One Year 8 (33,595 ) (10,000 )
NET LIABILITIES (46,930 ) (58,508 )
CAPITAL AND RESERVES
Called up share capital 9 3 100
Profit and Loss Account (46,933 ) (58,608 )
SHAREHOLDERS' FUNDS (46,930) (58,508)
Page 1
Page 2
For the year ending 31 October 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 Christopher Miles
Director
10 January 2025
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
KTV Working Drone (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14399098 . The registered office is Unit 14f Hepworth Business Park, Coedcae Lane, Pontyclun, Rct, CF72 9FQ.
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. 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
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 49,369 14,990 - - 64,359
Additions 52,320 - 660 2,000 54,980
As at 31 October 2024 101,689 14,990 660 2,000 119,339
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2023 12,342 3,748 - - 16,090
Provided during the period 17,572 2,810 165 500 21,047
As at 31 October 2024 29,914 6,558 165 500 37,137
Net Book Value
As at 31 October 2024 71,775 8,432 495 1,500 82,202
As at 1 November 2023 37,027 11,242 - - 48,269
5. Stocks
31 October 2024 31 October 2023
£ £
Work in progress 60,000 -
6. Debtors
31 October 2024 31 October 2023
£ £
Due within one year
Other debtors 1,662 6,330
7. Creditors: Amounts Falling Due Within One Year
31 October 2024 31 October 2023
£ £
Trade creditors (1 ) 1
Amounts owed to participating interests 157,211 122,627
Other creditors 1,413 10,006
Taxation and social security 2,011 521
160,634 133,155
8. Creditors: Amounts Falling Due After More Than One Year
31 October 2024 31 October 2023
£ £
Other loans 33,595 10,000
9. Share Capital
31 October 2024 31 October 2023
£ £
Allotted, Called up and fully paid 3 100
Page 4