1 August 2023 true No description of principal activity Taxfiler 2024.6 SC540438business:PrivateLimitedCompanyLtd2023-08-012024-07-31 SC5404382023-07-31 SC540438business:EntityNoLongerTradingButTradedInPast2023-08-012024-07-31 SC5404382023-08-012024-07-31 SC540438business:AuditExemptWithAccountantsReport2023-08-012024-07-31 SC540438business:FilletedAccounts2023-08-012024-07-31 SC5404382024-07-31 SC540438business:Director12023-08-012024-07-31 SC540438business:RegisteredOffice2023-08-012024-07-31 SC5404382023-07-31 SC540438core:WithinOneYear2024-07-31 SC540438core:WithinOneYear2023-07-31 SC540438core:AfterOneYear2024-07-31 SC540438core:AfterOneYear2023-07-31 SC540438core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC540438core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC540438core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC540438core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC540438core:PreviouslyStatedAmount2024-07-31 SC540438core:PreviouslyStatedAmount2023-07-31 SC540438business:SmallEntities2023-08-012024-07-31 SC540438countries:Scotland2023-08-012024-07-31 SC540438business:OrdinaryShareClass12023-08-012024-07-31 SC540438business:OrdinaryShareClass12022-08-012023-07-31 SC5404382022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC540438 (Scotland)
K1 CONSULTANCY SERVICES LTD Unaudited accounts for the year ended 31 July 2024
K1 CONSULTANCY SERVICES LTD Unaudited accounts Contents
Page
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K1 CONSULTANCY SERVICES LTD Company Information for the year ended 31 July 2024
Director
I B Okunrinboye
Company Number
SC540438 (Scotland)
Registered Office
5 CRAIGLEITH AVENUE PORTLETHEN ABERDEEN AB12 4PH UNITED KINGDOM
Accountants
Wrights Consulting Ltd 14 Dovedale Road Dartford Kent DA2 6JJ
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K1 CONSULTANCY SERVICES LTD Accountants' report
Accountants' report to the director of K1 CONSULTANCY SERVICES LTD on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K1 CONSULTANCY SERVICES LTD for the year ended 31 July 2024 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of K1 CONSULTANCY SERVICES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of K1 CONSULTANCY SERVICES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K1 CONSULTANCY SERVICES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that K1 CONSULTANCY SERVICES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of K1 CONSULTANCY SERVICES LTD. You consider that K1 CONSULTANCY SERVICES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of K1 CONSULTANCY SERVICES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Wrights Consulting Ltd 14 Dovedale Road Dartford Kent DA2 6JJ 15 April 2025
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K1 CONSULTANCY SERVICES LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
- 
34 
Creditors: amounts falling due within one year
(15,610)
(9,144)
Net current liabilities
(15,610)
(9,110)
Total assets less current liabilities
(15,610)
(9,110)
Creditors: amounts falling due after more than one year
(8,990)
(15,386)
Provisions for liabilities
Other provisions
(200)
- 
Net liabilities
(24,800)
(24,496)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(24,900)
(24,596)
Shareholders' funds
(24,800)
(24,496)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2025 and were signed on its behalf by
I B Okunrinboye Director Company Registration No. SC540438
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K1 CONSULTANCY SERVICES LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
K1 CONSULTANCY SERVICES LTD is a private company, limited by shares, registered in Scotland, registration number SC540438. The registered office is 5 CRAIGLEITH AVENUE, PORTLETHEN, ABERDEEN, AB12 4PH, UNITED KINGDOM. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,103 
- 
Trade creditors
- 
350 
Loans from directors
13,507 
8,794 
15,610 
9,144 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,990 
15,386 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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