Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10910102 Mr Muhammad Yasir true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10910102 2023-06-30 10910102 2024-06-30 10910102 2023-07-01 2024-06-30 10910102 frs-core:CurrentFinancialInstruments 2024-06-30 10910102 frs-core:ComputerEquipment 2024-06-30 10910102 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10910102 frs-core:ComputerEquipment 2023-06-30 10910102 frs-core:FurnitureFittings 2024-06-30 10910102 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10910102 frs-core:FurnitureFittings 2023-06-30 10910102 frs-core:SharePremium 2024-06-30 10910102 frs-core:ShareCapital 2024-06-30 10910102 frs-core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 10910102 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10910102 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10910102 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10910102 frs-bus:SmallEntities 2023-07-01 2024-06-30 10910102 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10910102 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10910102 1 2023-07-01 2024-06-30 10910102 frs-bus:Director1 2023-07-01 2024-06-30 10910102 frs-countries:EnglandWales 2023-07-01 2024-06-30 10910102 2022-06-30 10910102 2023-06-30 10910102 2022-07-01 2023-06-30 10910102 frs-core:CurrentFinancialInstruments 2023-06-30 10910102 frs-core:SharePremium 2022-06-30 10910102 frs-core:SharePremium 2023-06-30 10910102 frs-core:ShareCapital 2022-06-30 10910102 frs-core:ShareCapital 2023-06-30 10910102 frs-core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 10910102 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-06-30 10910102 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10910102
Kiffgo Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 10910102
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 104,000 -
104,000 -
CURRENT ASSETS
Debtors 6 345,000 388
Cash at bank and in hand 12,844 3,458
357,844 3,846
Creditors: Amounts Falling Due Within One Year 7 (699,623 ) (251,251 )
NET CURRENT ASSETS (LIABILITIES) (341,779 ) (247,405 )
TOTAL ASSETS LESS CURRENT LIABILITIES (237,779 ) (247,405 )
NET LIABILITIES (237,779 ) (247,405 )
CAPITAL AND RESERVES
Called up share capital 8 20,201 20,201
Share premium account 109,829 109,829
Profit and Loss Account (367,809 ) (377,435 )
SHAREHOLDERS' FUNDS (237,779) (247,405)
Page 1
Page 2
For the year ending 30 June 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 Muhammad Yasir
Director
27th March 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Share Premium Profit and Loss Account Total
£ £ £ £
As at 1 July 2022 20,201 109,829 (388,886 ) (258,856)
Profit for the year and total comprehensive income - - 11,451 11,451
As at 30 June 2023 and 1 July 2023 20,201 109,829 (377,435 ) (247,405)
Profit for the year and total comprehensive income - - 9,626 9,626
As at 30 June 2024 20,201 109,829 (367,809 ) (237,779)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Kiffgo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10910102 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.
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. 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:
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 174 5,161 5,335
As at 30 June 2024 174 5,161 5,335
Depreciation
As at 1 July 2023 174 5,161 5,335
As at 30 June 2024 174 5,161 5,335
Net Book Value
As at 30 June 2024 - - -
As at 1 July 2023 - - -
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 -
Additions 104,000
As at 30 June 2024 104,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 345,000 388
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 7,032
Other loans 89,367 -
Other creditors 610,256 244,219
699,623 251,251
Page 5
Page 6
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,201 20,201
9. Directors Advances, Credits and Guarantees
As at the year end, included in Other Creditors is £606,737 (2023: £241,993) owed to Mr Muhammad Yasir and £1,146 (2023: £1,146) owed to Mr Bernard Sivert. The loans are non-interest bearing and repayable on demand.
10. Related Party Transactions
Within other creditors, there is a loan due to a shareholder of £87,000 which is accruing interest of 20% per annum. The loan is not secured against any of the companies assets and is repayable within 15 months of the issue date.
11. Ultimate Controlling Party
The company has no ultimate controlling party becuase no one shareholder owns more than 50% of the shares.
12. Going Concern
As at the balance sheet date the company had net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future.
Page 6