KLOC Digital Solutions Limited 05406762 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is software development Digita Accounts Production Advanced 6.30.9574.0 true false true 05406762 2024-04-01 2025-03-31 05406762 2025-03-31 05406762 core:CurrentFinancialInstruments 2025-03-31 05406762 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05406762 core:Non-currentFinancialInstruments 2025-03-31 05406762 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 05406762 core:OtherResidualIntangibleAssets 2025-03-31 05406762 core:FurnitureFittings 2025-03-31 05406762 core:LandBuildings core:ShortLeaseholdAssets 2025-03-31 05406762 core:OfficeEquipment 2025-03-31 05406762 bus:SmallEntities 2024-04-01 2025-03-31 05406762 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05406762 bus:FilletedAccounts 2024-04-01 2025-03-31 05406762 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05406762 bus:RegisteredOffice 2024-04-01 2025-03-31 05406762 bus:Director1 2024-04-01 2025-03-31 05406762 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05406762 core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 05406762 core:FurnitureFittings 2024-04-01 2025-03-31 05406762 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 05406762 core:LandBuildings core:ShortLeaseholdAssets 2024-04-01 2025-03-31 05406762 core:LeaseholdImprovements 2024-04-01 2025-03-31 05406762 core:OfficeEquipment 2024-04-01 2025-03-31 05406762 1 2024-04-01 2025-03-31 05406762 countries:EnglandWales 2024-04-01 2025-03-31 05406762 2024-03-31 05406762 core:OtherResidualIntangibleAssets 2024-03-31 05406762 core:FurnitureFittings 2024-03-31 05406762 core:LandBuildings core:ShortLeaseholdAssets 2024-03-31 05406762 core:OfficeEquipment 2024-03-31 05406762 2023-04-01 2024-03-31 05406762 2024-03-31 05406762 core:CurrentFinancialInstruments 2024-03-31 05406762 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05406762 core:Non-currentFinancialInstruments 2024-03-31 05406762 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05406762 core:FurnitureFittings 2024-03-31 05406762 core:LandBuildings core:ShortLeaseholdAssets 2024-03-31 05406762 core:OfficeEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 05406762

KLOC Digital Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

KLOC Digital Solutions Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

KLOC Digital Solutions Limited

(Registration number: 05406762)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

1,802

3,730

Current assets

 

Debtors

6

5,016

23,173

Cash at bank and in hand

 

5,246

10,779

 

10,262

33,952

Creditors: Amounts falling due within one year

7

(141,976)

(155,781)

Net current liabilities

 

(131,714)

(121,829)

Total assets less current liabilities

 

(129,912)

(118,099)

Creditors: Amounts falling due after more than one year

7

(2,662,224)

(1,887,720)

Net liabilities

 

(2,792,136)

(2,005,819)

Capital and reserves

 

Called up share capital

114

114

Share premium reserve

3,909

3,909

Capital redemption reserve

24

24

Retained earnings

(2,796,183)

(2,009,866)

Shareholders' deficit

 

(2,792,136)

(2,005,819)

 

KLOC Digital Solutions Limited

(Registration number: 05406762)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 June 2025 and signed on its behalf by:
 

.........................................
Mr G R Prest
Director

 

KLOC Digital Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cullimore House
Peasemore
Newbury
Berkshire
RG20 7JN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

20% straight line

Fixtures and fittings

20% straight line

Office equipment

33% straight line

 

KLOC Digital Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 14).

 

KLOC Digital Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 April 2024

67,025

67,025

Disposals

(67,025)

(67,025)

At 31 March 2025

-

-

Amortisation

At 1 April 2024

67,025

67,025

Amortisation eliminated on disposals

(67,025)

(67,025)

At 31 March 2025

-

-

Carrying amount

At 31 March 2025

-

-

5

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

15,962

7,275

35,820

59,057

Disposals

-

(7,275)

-

(7,275)

At 31 March 2025

15,962

-

35,820

51,782

Depreciation

At 1 April 2024

15,961

7,260

32,106

55,327

Charge for the year

1

15

1,912

1,928

Eliminated on disposal

-

(7,275)

-

(7,275)

At 31 March 2025

15,962

-

34,018

49,980

Carrying amount

At 31 March 2025

-

-

1,802

1,802

At 31 March 2024

1

15

3,714

3,730

 

KLOC Digital Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current

2025
£

2024
£

Prepayments

-

15,907

Other debtors

5,016

7,266

 

5,016

23,173

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

11,853

21,160

Taxation and social security

21,236

15,982

Other creditors

108,887

118,639

141,976

155,781

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

2,662,224

1,887,720

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

38,286

82,737

Other borrowings

2,623,938

1,804,983

2,662,224

1,887,720

 

KLOC Digital Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Parent and ultimate parent undertaking

The company's immediate parent is Paracode Ltd, incorporated in England and Wales.

 The ultimate parent is Paracode Holdings Limited, incorporated in England and Wales.

  These financial statements are available upon request from Cullimore House, Peasemore, Newbury, RG20 7JN