Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12136780 Mr Luis Gomez Diaz Mr Sergio Gomez Sistac Mr Juan Prieto Perez Kivnon Global S.L. Polígono Industrial Santiga - Av. Puig dels Tudons 6 - 08210 – Barberà del Vallés - Barcelona true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12136780 2023-12-31 12136780 2024-12-31 12136780 2024-01-01 2024-12-31 12136780 frs-core:CurrentFinancialInstruments 2024-12-31 12136780 frs-core:Non-currentFinancialInstruments 2024-12-31 12136780 frs-core:ComputerEquipment 2024-12-31 12136780 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12136780 frs-core:ComputerEquipment 2023-12-31 12136780 frs-core:FurnitureFittings 2024-12-31 12136780 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12136780 frs-core:FurnitureFittings 2023-12-31 12136780 frs-core:ShareCapital 2024-12-31 12136780 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12136780 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12136780 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12136780 frs-bus:SmallEntities 2024-01-01 2024-12-31 12136780 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12136780 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12136780 1 2024-01-01 2024-12-31 12136780 frs-bus:Director1 2024-01-01 2024-12-31 12136780 frs-bus:Director2 2024-01-01 2024-12-31 12136780 frs-bus:Director3 2024-01-01 2024-12-31 12136780 frs-core:CurrentFinancialInstruments 1 2024-12-31 12136780 frs-core:Non-currentFinancialInstruments 1 2024-12-31 12136780 frs-countries:EnglandWales 2024-01-01 2024-12-31 12136780 2022-12-31 12136780 2023-12-31 12136780 2023-01-01 2023-12-31 12136780 frs-core:CurrentFinancialInstruments 2023-12-31 12136780 frs-core:Non-currentFinancialInstruments 2023-12-31 12136780 frs-core:ShareCapital 2023-12-31 12136780 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12136780 frs-core:CurrentFinancialInstruments 1 2023-12-31 12136780 frs-core:Non-currentFinancialInstruments 1 2023-12-31
Registered number: 12136780
Kivnon UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12136780
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 4,774
- 4,774
CURRENT ASSETS
Debtors 5 190,222 1,025,672
Cash at bank and in hand 49,790 31,955
240,012 1,057,627
Creditors: Amounts Falling Due Within One Year 6 (580,093 ) (1,446,575 )
NET CURRENT ASSETS (LIABILITIES) (340,081 ) (388,948 )
TOTAL ASSETS LESS CURRENT LIABILITIES (340,081 ) (384,174 )
Creditors: Amounts Falling Due After More Than One Year 7 (294,103 ) (282,136 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,193 )
NET LIABILITIES (634,184 ) (667,503 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (634,194 ) (667,513 )
SHAREHOLDERS' FUNDS (634,184) (667,503)
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For the year ending 31 December 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 Sergio Gomez Sistac
Director
10/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kivnon UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12136780 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.
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
At the balance sheet date the company had net liabilities and is dependent on the continued support of the parent company. The parent company has confirmed its support and thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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:
Fixtures & Fittings 10% SL
Office Equipment 33% SL
Depreciation on Fixtures & Fittings has not been charged to profit and loss because the assets have been purhcased and delivered at the end of the accounting period.
2.5. Financial Instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest.
Subsequent measurement is at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised.
2.6. 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.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Office Equipment Total
£ £ £
Cost
As at 1 January 2024 7,956 577 8,533
Disposals (7,956 ) - (7,956 )
As at 31 December 2024 - 577 577
Depreciation
As at 1 January 2024 3,182 577 3,759
Provided during the period 199 - 199
Disposals (3,381 ) - (3,381 )
As at 31 December 2024 - 577 577
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 4,774 - 4,774
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 170,880 776,363
Prepayments and accrued income 511 249,309
VAT 18,522 -
189,913 1,025,672
Due after more than one year
Deposit held by suppliers 309 -
190,222 1,025,672
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 616,851 1,073,884
PAYE 3,138 2,733
VAT - 132,343
Pension liabilities 294 294
Accruals and deferred income (227,810 ) 49,520
Amounts owed to parent undertaking 187,620 187,801
580,093 1,446,575
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to parent undertaking 294,103 282,136
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Related Party Transactions
Kivnon Global SLCommon controlA loan of €281,500 exists from the company Kivnon Global SL. The loan is at the market rate of 5% and it is repayable on monthly installments. Interest accrued in 2024 is €12,911 - the total interest accrued to date is €57,299

Kivnon Global SL

Common control

A loan of €281,500 exists from the company Kivnon Global SL. The loan is at the market rate of 5% and it is repayable on monthly installments. Interest accrued in 2024 is €12,911 - the total interest accrued to date is €57,299

Kivnon Logistica SLComon controlA loan of €281,250 exists from the company Kivnon Logistica SL. The loan is interest free and repayable on demand.

Kivnon Logistica SL

Comon control

A loan of €281,250 exists from the company Kivnon Logistica SL. The loan is interest free and repayable on demand.

10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Kivnon Global S.L. . Kivnon Global S.L. was incorporated in Spain. Copies of the group accounts may be obtained from the secretary at the following address: Polígono Industrial Santiga - Av. Puig dels Tudons 6 - 08210 – Barberà del Vallés - Barcelona . The ultimate controlling party is Kivnon Global S.L. who controls 100% of the shares of Kivnon UK Ltd .
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