Acorah Software Products - Accounts Production 16.5.460 false true false 2 March 2024 31 December 2024 31 December 2024 15536172 Mr David Danglard Mrs Susan Danglard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15536172 2024-03-01 15536172 2024-12-31 15536172 2024-03-02 2024-12-31 15536172 frs-core:CurrentFinancialInstruments 2024-12-31 15536172 frs-core:ComputerEquipment 2024-12-31 15536172 frs-core:ComputerEquipment 2024-03-02 2024-12-31 15536172 frs-core:ComputerEquipment 2024-03-01 15536172 frs-core:FurnitureFittings 2024-12-31 15536172 frs-core:FurnitureFittings 2024-03-02 2024-12-31 15536172 frs-core:FurnitureFittings 2024-03-01 15536172 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 15536172 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-02 2024-12-31 15536172 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 15536172 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 15536172 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-02 2024-12-31 15536172 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 15536172 frs-core:PlantMachinery 2024-12-31 15536172 frs-core:PlantMachinery 2024-03-02 2024-12-31 15536172 frs-core:PlantMachinery 2024-03-01 15536172 frs-core:SharePremium 2024-12-31 15536172 frs-core:ShareCapital 2024-12-31 15536172 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15536172 frs-bus:PrivateLimitedCompanyLtd 2024-03-02 2024-12-31 15536172 frs-bus:FilletedAccounts 2024-03-02 2024-12-31 15536172 frs-bus:SmallEntities 2024-03-02 2024-12-31 15536172 frs-bus:AuditExempt-NoAccountantsReport 2024-03-02 2024-12-31 15536172 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-02 2024-12-31 15536172 frs-bus:Director1 2024-03-02 2024-12-31 15536172 frs-bus:Director2 2024-03-02 2024-12-31 15536172 frs-countries:EnglandWales 2024-03-02 2024-12-31
Registered number: 15536172
K1 Speed Jv UK Ltd
Unaudited Financial Statements
For the Period 2 March 2024 to 31 December 2024
Williams Stanley & Co
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15536172
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,896,643
1,896,643
CURRENT ASSETS
Debtors 5 2,255,736
Cash at bank and in hand 36,768
2,292,504
Creditors: Amounts Falling Due Within One Year 6 (4,735,977 )
NET CURRENT ASSETS (LIABILITIES) (2,443,473 )
TOTAL ASSETS LESS CURRENT LIABILITIES (546,830 )
NET LIABILITIES (546,830 )
CAPITAL AND RESERVES
Called up share capital 7 100
Share premium account 1,137,900
Profit and Loss Account (1,684,830 )
SHAREHOLDERS' FUNDS (546,830)
For the period 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 David Danglard
Director
12/12/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
K1 Speed Jv UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15536172 . The registered office is 2 Marylebone Road, London, NW1 4DF.
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:
Freehold 20 Year Straight Line
Leasehold 5 Year Straight Line
Plant & Machinery 3 Year Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 3 Year Straight Line
2.4. 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 period was: 26
26
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 2 March 2024 - - - 1,078,398
Additions 250,000 238,972 405,916 -
As at 31 December 2024 250,000 238,972 405,916 1,078,398
...CONTINUED
Page 2
Page 3
Depreciation
As at 2 March 2024 - - - -
Provided during the period 3,125 2,555 39,631 62,022
As at 31 December 2024 3,125 2,555 39,631 62,022
Net Book Value
As at 31 December 2024 246,875 236,417 366,285 1,016,376
As at 2 March 2024 - - - 1,078,398
Computer Equipment Total
£ £
Cost
As at 2 March 2024 - 1,078,398
Additions 34,812 929,700
As at 31 December 2024 34,812 2,008,098
Depreciation
As at 2 March 2024 - -
Provided during the period 4,122 111,455
As at 31 December 2024 4,122 111,455
Net Book Value
As at 31 December 2024 30,690 1,896,643
As at 2 March 2024 - 1,078,398
5. Debtors
31 December 2024
£
Due within one year
Trade debtors 407,510
Other debtors 1,848,226
2,255,736
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 695,269
Other loans 2,416,408
Amounts owed to group undertakings 647,187
Other creditors 916,240
Taxation and social security 60,873
4,735,977
Page 3
Page 4
7. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 100
Page 4