Acorah Software Products - Accounts Production 16.3.350 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03783455 Mr David Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03783455 2023-06-30 03783455 2024-06-30 03783455 2023-07-01 2024-06-30 03783455 frs-core:CurrentFinancialInstruments 2024-06-30 03783455 frs-core:Non-currentFinancialInstruments 2024-06-30 03783455 frs-core:ComputerEquipment 2024-06-30 03783455 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03783455 frs-core:ComputerEquipment 2023-06-30 03783455 frs-core:FurnitureFittings 2024-06-30 03783455 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03783455 frs-core:FurnitureFittings 2023-06-30 03783455 frs-core:MotorVehicles 2024-06-30 03783455 frs-core:MotorVehicles 2023-07-01 2024-06-30 03783455 frs-core:MotorVehicles 2023-06-30 03783455 frs-core:ShareCapital 2024-06-30 03783455 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03783455 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03783455 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03783455 frs-bus:SmallEntities 2023-07-01 2024-06-30 03783455 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03783455 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03783455 frs-bus:Director1 2023-07-01 2024-06-30 03783455 frs-countries:EnglandWales 2023-07-01 2024-06-30 03783455 2022-06-30 03783455 2023-06-30 03783455 2022-07-01 2023-06-30 03783455 frs-core:CurrentFinancialInstruments 2023-06-30 03783455 frs-core:Non-currentFinancialInstruments 2023-06-30 03783455 frs-core:ShareCapital 2023-06-30 03783455 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03783455
2k Technologies Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Partner Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03783455
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 322 430
322 430
CURRENT ASSETS
Stocks 5 665,000 600,000
Cash at bank and in hand 2,341 1,284
667,341 601,284
Creditors: Amounts Falling Due Within One Year 6 (895,867 ) (891,200 )
NET CURRENT ASSETS (LIABILITIES) (228,526 ) (289,916 )
TOTAL ASSETS LESS CURRENT LIABILITIES (228,204 ) (289,486 )
Creditors: Amounts Falling Due After More Than One Year 7 (51,106 ) -
NET LIABILITIES (279,310 ) (289,486 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (279,410 ) (289,586 )
SHAREHOLDERS' FUNDS (279,310) (289,486)
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 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
Mr David Watson
Director
26 June 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
2k Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03783455 . The registered office is Schlossli, Langlea Terrace, Hipperholme, Halifax, West Yorkshire, HX3 8LG.
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. Going Concern Disclosure
The accounts have been prepared on a going concern basis, despite the fact that gross liabilities of the company exceed its assets at the balance sheet date.  In arriving at this conclusion the company is reliant upon the continued support of the company's bankers and directors.
While the company remains subject to the same economic uncertainties confronting all businesses, the directors continually take steps to identify, manage and mitigate business risk.  The results for the current financial year are showing substantial improvement and as such the basis of preparation is considered to be satisfactory.
2.3. 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.
2.4. 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 24,860 5,155 12,368 42,383
As at 30 June 2024 24,860 5,155 12,368 42,383
Depreciation
As at 1 July 2023 24,430 5,155 12,368 41,953
Provided during the period 108 - - 108
As at 30 June 2024 24,538 5,155 12,368 42,061
Net Book Value
As at 30 June 2024 322 - - 322
As at 1 July 2023 430 - - 430
5. Stocks
2024 2023
£ £
Stock 665,000 600,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,755 42,958
Other creditors 851,732 847,087
Taxation and social security 1,380 1,155
895,867 891,200
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 51,106 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4