Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11660297 Mr David Kingsbury Mr Christopher Scott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11660297 2023-11-30 11660297 2024-11-30 11660297 2023-12-01 2024-11-30 11660297 frs-core:CurrentFinancialInstruments 2024-11-30 11660297 frs-core:Non-currentFinancialInstruments 2024-11-30 11660297 frs-core:FurnitureFittings 2024-11-30 11660297 frs-core:FurnitureFittings 2023-12-01 2024-11-30 11660297 frs-core:FurnitureFittings 2023-11-30 11660297 frs-core:PlantMachinery 2024-11-30 11660297 frs-core:PlantMachinery 2023-12-01 2024-11-30 11660297 frs-core:PlantMachinery 2023-11-30 11660297 frs-core:ShareCapital 2024-11-30 11660297 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11660297 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11660297 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11660297 frs-bus:SmallEntities 2023-12-01 2024-11-30 11660297 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11660297 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11660297 frs-bus:Director1 2023-12-01 2024-11-30 11660297 frs-bus:Director2 2023-12-01 2024-11-30 11660297 frs-countries:EnglandWales 2023-12-01 2024-11-30 11660297 2022-11-30 11660297 2023-11-30 11660297 2022-12-01 2023-11-30 11660297 frs-core:CurrentFinancialInstruments 2023-11-30 11660297 frs-core:Non-currentFinancialInstruments 2023-11-30 11660297 frs-core:ShareCapital 2023-11-30 11660297 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11660297
K1 Health And Wellness Ltd
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Mr David Kingsbury
Mr Christopher Scott
Company Number 11660297
Registered Office Suite 1, Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
Accountants CS Scott Accounting LLP
Suite 1, Hardy House
Northbridge Road
Berkhamsted
HP4 1EF
Page 1
Page 2
Balance Sheet
Registered number: 11660297
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,747 12,995
55,747 12,995
CURRENT ASSETS
Debtors 5 10 22,939
Cash at bank and in hand 14,545 15,139
14,555 38,078
Creditors: Amounts Falling Due Within One Year 6 (67,611 ) (23,668 )
NET CURRENT ASSETS (LIABILITIES) (53,056 ) 14,410
TOTAL ASSETS LESS CURRENT LIABILITIES 2,691 27,405
Creditors: Amounts Falling Due After More Than One Year 7 (2,448 ) (6,075 )
NET ASSETS 243 21,330
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 233 21,320
SHAREHOLDERS' FUNDS 243 21,330
Page 2
Page 3
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 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 David Kingsbury
Director
1st June 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
K1 Health And Wellness Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11660297 . The registered office is Suite 1, Hardy House, Northbridge Road, Berkhamsted, Hertfordshire, HP4 1EF.
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. 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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 4)
2 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 19,963 2,333 22,296
Additions 53,000 - 53,000
As at 30 November 2024 72,963 2,333 75,296
Depreciation
As at 1 December 2023 8,242 1,059 9,301
Provided during the period 9,930 318 10,248
As at 30 November 2024 18,172 1,377 19,549
Net Book Value
As at 30 November 2024 54,791 956 55,747
As at 1 December 2023 11,721 1,274 12,995
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 5,652
Prepayments and accrued income - 9,841
Other debtors 10 10
VAT - 7,436
10 22,939
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,182 383
Bank loans and overdrafts 5,081 5,081
Corporation tax 789 789
Other taxes and social security 12,046 6,568
VAT 4,197 -
Other creditors 40,048 10,757
Accruals and deferred income 962 90
Directors' loan accounts 1,306 -
67,611 23,668
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,448 6,075
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5