Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 13025949 K A O'Grady iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13025949 2023-11-30 13025949 2024-11-30 13025949 2023-12-01 2024-11-30 13025949 frs-core:CurrentFinancialInstruments 2024-11-30 13025949 frs-core:ComputerEquipment 2024-11-30 13025949 frs-core:ComputerEquipment 2023-12-01 2024-11-30 13025949 frs-core:ComputerEquipment 2023-11-30 13025949 frs-core:ShareCapital 2024-11-30 13025949 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 13025949 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13025949 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 13025949 frs-bus:SmallEntities 2023-12-01 2024-11-30 13025949 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13025949 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13025949 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 13025949 frs-bus:OrdinaryShareClass1 2024-11-30 13025949 frs-bus:Director1 2023-12-01 2024-11-30 13025949 frs-countries:EnglandWales 2023-12-01 2024-11-30 13025949 2022-11-30 13025949 2023-11-30 13025949 2022-12-01 2023-11-30 13025949 frs-core:CurrentFinancialInstruments 2023-11-30 13025949 frs-core:ShareCapital 2023-11-30 13025949 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13025949 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30
Registered number: 13025949
Kognitive-UK Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13025949
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 656 1,398
656 1,398
CURRENT ASSETS
Debtors 5 104,453 79,814
Cash at bank and in hand 617 10,483
105,070 90,297
Creditors: Amounts Falling Due Within One Year 6 (23,207 ) (32,487 )
NET CURRENT ASSETS (LIABILITIES) 81,863 57,810
TOTAL ASSETS LESS CURRENT LIABILITIES 82,519 59,208
NET ASSETS 82,519 59,208
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 82,419 59,108
SHAREHOLDERS' FUNDS 82,519 59,208
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
K A O'Grady
Director
19/06/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kognitive-UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13025949 . The registered office is 21 Gravel Road, Farnborough, England, GU14 6JJ.
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 comprises of Revenue recognised by the company in respect of services provided during the year exclusive of value added tax. Work is invoiced in relation to the completed milestones of the project and revenues is recognised when it is probable economic benefit will flow to the company.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Computer Equipment 25% Straight Line
2.4. 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.
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.7. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.8. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.9. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2023 2,970
As at 30 November 2024 2,970
Depreciation
As at 1 December 2023 1,572
Provided during the period 742
As at 30 November 2024 2,314
Net Book Value
As at 30 November 2024 656
As at 1 December 2023 1,398
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 81,653 57,150
Prepayments and accrued income 599 686
Other debtors 22,111 21,978
Other taxes and social security 90 -
104,453 79,814
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,530 9,263
Corporation tax 15,388 14,319
Other taxes and social security - 152
VAT 3,224 6,736
Other creditors 1,458 1,364
Accruals and deferred income 1,475 600
Director's loan account 132 53
23,207 32,487
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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