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REGISTERED NUMBER: 07723759 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

FOR

KVIK LIMITED

KVIK LIMITED (REGISTERED NUMBER: 07723759)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


KVIK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2022







DIRECTORS: Professor K K Dhatariya
Miss I Dhatariya





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 07723759 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

KVIK LIMITED (REGISTERED NUMBER: 07723759)

ABRIDGED STATEMENT OF FINANCIAL POSITION
5 APRIL 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 132,507 124,542
Cash at bank and in hand 104,623 73,060
237,130 197,602
CREDITORS
Amounts falling due within one year 16,070 10,414
NET CURRENT ASSETS 221,060 187,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,060

187,188

CAPITAL AND RESERVES
Called up share capital 4 100 100
Retained earnings 5 220,960 187,088
SHAREHOLDERS' FUNDS 221,060 187,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 5 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2022 and were signed on its behalf by:




Professor K K Dhatariya - Director


KVIK LIMITED (REGISTERED NUMBER: 07723759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022


1. STATUTORY INFORMATION

KVIK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receiveable from general medical practice services.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

KVIK LIMITED (REGISTERED NUMBER: 07723759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022


5. RESERVES
Retained
earnings
£   

At 6 April 2021 187,088
Profit for the year 33,872
At 5 April 2022 220,960

6. RELATED PARTY DISCLOSURES

There and Then Limited

There and Then Limited, a company with common director and shareholders, owed £123,542 (2021 £123,542) This is a short term loan and is interest free.

Cucumber There and Then Limited

Cucumber There and Then Limited, a company with common director and shareholders owed £1,000 (2021 £1,000).. This is a short term loan and is interest free.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Professor K K Dhatariya.