Registration number:
81K Ltd
for the Year Ended 30 September 2024
81K Ltd
(Registration number: 13609451)
Balance Sheet as at 30 September 2024
|
Note |
2024 |
2023 |
|
|
Fixed assets |
|||
|
Intangible assets |
|
|
|
|
Tangible assets |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Cash at bank and in hand |
|
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
100 |
1 |
|
|
Retained earnings |
77,869 |
37,805 |
|
|
Shareholders' funds |
77,969 |
37,806 |
For the financial 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.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
......................................... |
81K Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
|
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.
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 over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Office equipment |
25% straight line |
81K Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Intangible assets
Cryptographic assets and are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the asset is publicly traded or their fair value can otherwise be measured reliably.
Other intangible assets are capitalised at cost.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Computer software |
3 years straight line |
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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
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.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
81K Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
|
Intangible assets |
|
Other intangible assets |
Total |
|
|
Cost or valuation |
||
|
At 1 October 2023 |
|
|
|
Revaluations |
|
|
|
Additions acquired separately |
|
|
|
Disposals |
( |
( |
|
At 30 September 2024 |
|
|
|
Amortisation |
||
|
At 1 October 2023 |
|
|
|
Amortisation charge |
|
|
|
At 30 September 2024 |
|
|
|
Carrying amount |
||
|
At 30 September 2024 |
|
|
|
At 30 September 2023 |
|
|
81K Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
|
Tangible assets |
|
Office equipment |
Total |
|
|
Cost or valuation |
||
|
At 1 October 2023 |
|
|
|
Additions |
|
|
|
At 30 September 2024 |
|
|
|
Depreciation |
||
|
At 1 October 2023 |
|
|
|
Charge for the year |
|
|
|
At 30 September 2024 |
|
|
|
Carrying amount |
||
|
At 30 September 2024 |
|
|
|
At 30 September 2023 |
|
|
81K Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
|
Creditors |
Creditors: amounts falling due within one year
|
2024 |
2023 |
|
|
Due within one year |
||
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
|
Related party transactions |
|
Transactions with directors |
|
2024 |
At 1 October 2023 |
Advances to director |
Other payments made to company by director |
At 30 September 2024 |
|
Mr Giovanni William Di Siena |
||||
|
Director loan |
|
( |
11,948 |
|
|
2023 |
At 1 October 2022 |
Advances to director |
Other payments made to company by director |
At 30 September 2023 |
|
Mr Giovanni William Di Siena |
||||
|
Director loan |
|
( |
47,214 |
|