Acorah Software Products - Accounts Production 16.4.675 false true 31 August 2023 5 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14278867 Mr Prince Leo-Stan Nnamdi Ekeh Mr Theodore Tetteh Mr Shahid Hameed Qazi Centrum Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14278867 2023-08-31 14278867 2024-08-31 14278867 2023-09-01 2024-08-31 14278867 frs-core:CurrentFinancialInstruments 2024-08-31 14278867 frs-core:ShareCapital 2024-08-31 14278867 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14278867 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14278867 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14278867 frs-bus:SmallEntities 2023-09-01 2024-08-31 14278867 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14278867 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14278867 frs-bus:Director1 2023-09-01 2024-08-31 14278867 frs-bus:Director2 2023-09-01 2024-08-31 14278867 frs-bus:Director3 2023-09-01 2024-08-31 14278867 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 14278867 frs-countries:EnglandWales 2023-09-01 2024-08-31 14278867 2022-08-04 14278867 2023-08-31 14278867 2022-08-05 2023-08-31 14278867 frs-core:CurrentFinancialInstruments 2023-08-31 14278867 frs-core:ShareCapital 2023-08-31 14278867 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14278867
KONGAPAY LTD.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14278867
31 August 2024 31 August 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,000,900 1,000,900
Cash at bank and in hand - 57,193
1,000,900 1,058,093
Creditors: Amounts Falling Due Within One Year 5 (132,397 ) (64,268 )
NET CURRENT ASSETS (LIABILITIES) 868,503 993,825
TOTAL ASSETS LESS CURRENT LIABILITIES 868,503 993,825
NET ASSETS 868,503 993,825
CAPITAL AND RESERVES
Called up share capital 6 1,000,000 1,000,000
Profit and Loss Account (131,497 ) (6,175 )
SHAREHOLDERS' FUNDS 868,503 993,825
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Prince Leo-Stan Nnamdi Ekeh
Director
20/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
KONGAPAY LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 14278867 . The registered office is Elscot House, Arcadia Avenue, London, N3 2JU.
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 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.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Other debtors 1,000,900 1,000,900
5. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors (2 ) 899
Other creditors 128,697 63,369
Taxation and social security 3,702 -
132,397 64,268
Page 2
Page 3
6. Share Capital
31 August 2024 31 August 2023
£ £
Called Up Share Capital not Paid 1,000,000 1,000,000
Amount of Allotted, Called Up Share Capital 1,000,000 1,000,000
Page 3