Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12245261 Mr K Georgiou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12245261 2023-09-30 12245261 2024-09-30 12245261 2023-10-01 2024-09-30 12245261 frs-core:CurrentFinancialInstruments 2024-09-30 12245261 frs-core:ShareCapital 2024-09-30 12245261 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12245261 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12245261 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12245261 frs-bus:SmallEntities 2023-10-01 2024-09-30 12245261 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12245261 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12245261 frs-bus:Director1 2023-10-01 2024-09-30 12245261 frs-countries:EnglandWales 2023-10-01 2024-09-30 12245261 2022-09-30 12245261 2023-09-30 12245261 2022-10-01 2023-09-30 12245261 frs-core:CurrentFinancialInstruments 2023-09-30 12245261 frs-core:ShareCapital 2023-09-30 12245261 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12245261
KG Digital Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12245261
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand - 29
- 29
Creditors: Amounts Falling Due Within One Year 4 (53,744 ) (53,733 )
NET CURRENT ASSETS (LIABILITIES) (53,744 ) (53,704 )
TOTAL ASSETS LESS CURRENT LIABILITIES (53,744 ) (53,704 )
NET LIABILITIES (53,744 ) (53,704 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (53,844 ) (53,804 )
SHAREHOLDERS' FUNDS (53,744) (53,704)
For the year ending 30 September 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.
The financial statements were approved by the board of directors on 20 June 2025 and were signed on its behalf by:
Mr K Georgiou
Director
20 June 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
KG Digital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12245261 . The registered office is Henge Barn, Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.
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 finanicial statements have been prepared on a going concern basis due to the continued support of the
parent company, KOLA Holdings Limited.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests 53,493 53,493
Other creditors 251 240
53,744 53,733
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Related Party Transactions
At the balance sheet date, the company owed £54,843 to its parent company, KOLA Holdings Ltd.
At the balance sheet date, the company was owed £1,350 by Georgiou Acquistions Ltd, a subsidiary company in the same Group.
Page 2